Barratt extends Key Worker Deposit Scheme

Barratt Developments is marking the 75th birthday of the NHS by helping Wiltshire NHS workers to afford new homes.

Barratt Homes and David Wilson Homes, part of the country’s biggest housebuilder Barratt Developments, is specially extending its existing Key Worker Deposit Contribution scheme for another six months to help NHS and front line workers.

On top of extending the deposit scheme, Barratt Developments is also donating £75,000 to celebrate the 75th anniversary of the NHS. 

The three charities each receiving £25,000 are NHS Charities Together, The Great Ormond Street Hospital for Children and the Florence Nightingale Foundation.

The extension to the deposit scheme has been timed to celebrate the NHS’s 75th anniversary and will now be available on reservations until 15 December.

The scheme means NHS workers can be offered £1,000 as a deposit contribution for every £20,000 of a home’s purchase price. For example, for a home costing £325,000, NHS workers would qualify for a contribution of £16,250. 

There is also funding towards flooring, worth up to a further 1% of the value of the home.

The scheme, originally launched in October 2022, means Barratt has helped around 2,000 NHS workers. Taken together, the total savings from it for NHS workers is over £23m.

As well as being a welcome boost to the 1.2m workers in the NHS, the deposit scheme will also support workers in education, the police, the postal service, the Fire Service, the MOD, environmental services, National Highways, the Probation Service, the Prison Service and local authorities.

Steve Mariner, Sales and Marketing Director at Barratt Developments, said: “Our Key Worker Deposit Contribution Scheme has helped 2,000 NHS workers to be able to afford their new home, so what better way to mark the 75th anniversary of the NHS by extending the scheme for another six months. 

"The NHS treats over a million people a day and touches all our lives, so we want to say a big thank you to all of our essential frontline workers through this deposit scheme extension and by donating £75,000 in total to NHS Charities The firm's current projects include Orchards View, Wichel Fields and Orchards Rise at Wichelstowe.

Further information about the Key Worker Scheme can be found at https://www.barratthomes.co.uk/offers/key-worker-deposit-contribution/