Money box scheme launched for first-time buyers

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piggy bankDo you remember the days when we used to save cash in little money boxes? Barratt is taking us back to those times with a new initiative designed to help first-time buyers.

The scheme has been launched in the south-west of England, where potential buyers can receive their own transparent money box, with the deposit total displayed on the top to inspire them to smash their goal.

According to the property development firm, the aim of the idea is to give a helping hand to those looking to buy a house for the first time.

Caroline Hill, the company's sales director, said deposits for first-time buyers could be a lot more affordable than they think.

First-time buyers interested in getting involved in the programme can collect their own money box this weekend. The items can be found at events taking place at the Torre Marine development in Torquay.

For those who prefer to stick to saving with banks, check out these tips on which accounts could be best for you.