Time to cut the apron strings

Fri, May 19th 2006, 11:00

There will be no need to ask the ‘bank of Mum and Dad’ for help anymore, thanks to Redrow’s exceptional range of first time buyers homes soon to be launched in Hilton, near Derby.

A recent survey by Bradford and Bingley has shown that of all first time buyers, 42% are receiving financial help from their parents. Not only are these home hunters looking to their families for extra help, but a staggering one in ten of all first time buyers are taking on a second job to help make the figures stack up.

However, with Redrow’s Debut @ Hilton scheme, parents can potentially keep hold of their savings, as prices for these fabulous starter homes, launching on June 17th are priced from just £59,995*.

Julia Pallister, sales director for Redrow Homes (Midlands), says: “We are really excited about releasing our Debut range here in Hilton. Redrow is already well known in the area thanks to our Meadow Brook development on Welland Road, but now we are bringing a whole new aspect to our portfolio of homes to the area.

“Since we secured approval of the scheme we have been inundated, with over a hundred eager home hunters registering their interest so far. We’re confident that once the properties are officially launched it will only be a matter of time before all 124 units have been snapped up.”

Debut @ Hilton will comprise 27 studios, 40 one-bedroom apartments, 26 one-bedroom houses, 27 two-bedroom houses and four houses that feature two bedrooms with additional workspace.

Julia adds: “We have deliberately included a higher number of one-bedroom homes within our plans, to cater for the growing number of people choosing to go solo and buy alone. Living alone is a rite of passage for some first time buyers and with the large majority of properties being one-bedroomed, the chance to step into the unknown alone is perfectly feasible at our Hilton development.

“Our experience in Rugby, Castle Vale and other parts of the country is that these homes are being snapped up by people in their 20s and 30s, many of them working as firemen, nurses, teachers, office workers and in various professions, perhaps at the early stages of their career, who previously have had little or no chance of affording a home of their own.”

Redrow’s Debut homes have helped Redrow win several major awards, most recently ‘Major Housebuilder of the Year’ at the 2006 Building Awards and ‘Housebuilder of the Year’ from consumer property magazine Your New Home.

As well as using steel frame construction and other modern methods of construction, Redrow’s designers have turned conventional living on its head, with areas such as the open plan lounge and kitchen located upstairs in two-storey properties, while bedrooms and bathrooms are at entrance level. High vaulted ceilings in the first floor main living areas of Debut homes allow for natural light to pour in, creating a further dimension of space.

Debut is Redrow’s solution to making home ownership accessible, affordable and easy to manage for first time buyers, with special measures in place to prevent buy-to-let investors snapping up the homes.

Home buyers who purchase a Debut home have the option to defer a portion of the purchase price (usually 10%) as an interest free fixed sum for up to ten years, making them even more affordable. They can they pay this amount back via occasional lump sums, monthly repayments or in whole at any time.

Situated on the edge of the village, Debut @ Hilton combines a great sense of rural and urban with Derby town centre just a short drive away. The development also provides excellent transport links to Nottingham and Birmingham via the A38 and A50.

To register your interest in the Debut @ Hilton development, call the Redrow sales consultants on 0845 676 0293 or log onto www.debutbyredrow.co.uk