Your dream of owning your own Redrow home is closer than you think with FirstBuy – a new Government backed scheme to help people just like you get their first foot on the property ladder.
Redrow and the Government could give you a 20% equity loan (interest free for 5 years) which means you may only need to save a 4% deposit and secure a 76% mortgage - yet you still own 100% of your new home.
SAVE THOUSANDS OF POUNDS ON YOUR DEPOSIT AND SAVE HUNDREDS MORE EVERY MONTH ON YOUR MORTGAGE REPAYMENTS.
To purchase your new Redrow home for £200,000 you may only need a deposit of £8,000 and secure a smaller mortgage of £152,000. The remainder of the purchase price is covered by the shared equity loan from Redrow and the Government.
With a lower deposit and much lower monthly mortgage repayments, you can afford to take your first steps on the property ladder. Qualification is easy as long as you are a first time buyer or returning buyer who cannot afford to buy on the open market with a household income of under £60,000 per annum.
Your interest free loan is risk free too, if you sold after five years, you only pay back 20% of the sale price:-
e.g. £42,000 on a sale of £210,000 or £36,000 on a sale of £180,000.
This scheme is bound to be popular and funds are limited, so register your interest in FirstBuy today and we’ll make sure you’re the first to know all the details.
FirstBuy is a new Government-backed initiative to help first time buyers onto the property ladder.