Lifeline for first time buyers in Chorley

Wed, Jul 16th 2008, 09:00

With average house prices out of reach for first time buyers in 96% of UK towns it’s harder than ever to get onto the property ladder* – but here’s news of an incentive in Chorley which could throw would-be home owners a much needed lifeline.

Selected properties at Redrow’s Hallwood Gardens, off Yarrow Valley Way and Worden Court, at Buckshaw Village, can be bought now for an initial outlay of 25% less than the usual price.

Using Redrow ‘easi-buy’, a stylish two-bedroom apartment at Worden Court that would normally cost £134,995 can currently be snapped up for just £101,245 – that’s 75% of the full price - with the balance not having to be paid for 10 years.

And at Hallwood Gardens, again just 75% of the full price is needed to get hold of a two-bedroom Amherst apartment that would normally cost £124,995. Using Redrow’s deferred payment scheme it can currently be bought for just £93,750.

Chris Aitken, sales director for Redrow Homes (Lancashire), says: “According to the annual Halifax First Time Buyer Review, people taking their first step onto the property ladder cannot even afford to purchase a terraced property – traditionally the least expensive property type - in 71% of towns across the UK, so is it any wonder that so many young people are putting off that first step onto the property ladder?

“Now though, Redrow’s ‘easi-buy’ scheme is making home ownership more accessible to first time buyers in the Chorley area; allowing them to own 100% of their home today whilst deferring a quarter of the cost to a time when they have more funds available.

“Not only will the customer legally own 100% of the property from the outset, they will not have to pay rent on the deferred element. And there’s more good news in that the outstanding cost will reduce on a sliding scale if they repay it within the first three years.

“On a £124,995 property at Hallwood Gardens, for example, if they find themselves able to settle the 25% deferred payment within the first year they could potentially save nearly £12,500 on the overall property price.”
Redrow’s new offer is subject to terms and conditions and available on selected plots only. The deferred element is paid back at market value at the time of payment, which could go down as well as up.

Redrow ‘easi-buy’ is the latest in a number of incentives offered by Redrow under the badge of ‘re:assure’, all of them designed to make moving as easy as possible from the moment of first enquiry right through until after the customer has moved in.

It’s available on selected properties at Hallwood Gardens, which is situated within the grounds of the historic, Grade II listed Gillibrands Hall and Worden Court – part of the impressive Buckshaw Village venture that’s delivering over 2,000 homes and commercial space in the heart of Chorley. 
Both developments offer an impressive range of properties and are handily situated near to the M6 and M61 motorways which provide easy access to most North West destinations. 

For more details of two-bedroom apartments and two, three and four-bedroom homes currently available at Hallwood Gardens call the Redrow sales consultant on 0845 676 0381 or visit the website at www.redrow.co.uk/developments/view/148

To find out more about Worden Court, which currently offers a selection of two-bedroom apartments and two, three and four-bedroom homes call 01772 676 0288 or go to www.redrow.co.uk