Sherbourne

Help to Buy

With the Government backed Help to Buy scheme you can move in to a new Redrow home with as little as a 5% deposit. 

The 'Help to Buy: Equity Loan' is available exclusively to first-time buyers in the following way:

Help to Buy: Equity Loan

• Only new build homes qualify.
• You'll need a minimum of 5% deposit to qualify.
• It’s available to first-time buyers purchasing a single property who do not currently own a property in or outside of the UK only.
• The Government will lend you up to 20% of the value of your new home through an equity loan, which can be repaid at any time within 25 years (or on the sale of your home, whichever is sooner).
• Meaning you'll only need to secure up to 75% mortgage from a bank or building society.
• The equity loan is interest-free for the first five years.
• In London, the higher property costs are reflected by a 40% equity loan being offered, meaning you only need to secure a 55% mortgage.
• The price of the home you can buy using Help to Buy depends on where it is in England.

Next Steps

Whether you can picture your perfect home or keeping your options open – searching for a new home is an exciting time. Sign in or join My Redrow to book an appointment online, or speak with one of our friendly sales consultants to discuss your requirements today!

Help to Buy is a Government backed initiative in partnership with housebuilders. Help to Buy cannot be used in conjunction with any other scheme. It is highly advised, for a swift, smooth transaction that an IFA/Solicitor advised by Redrow Homes is used. Offer cannot be used in conjunction with any other Redrow offer. Help to Buy is only available within England. Subject to availability, on selected plots only

Help to Sell

From old to new in 4 easy steps – and help towards estate agents' fees

What is Help to Sell?

Help to Sell is a great way to make moving home simpler. It enables you to buy a brand new Redrow home, while we take care of selling your current property for you; even helping out with a contribution towards your estate agent's fees. With Help to Sell, we'll arrange the valuations, appoint an estate agent to conduct your home's marketing activity and take the paperwork off your hands too.

Who is it for?

For all homeowners looking for a hassle free way to sell their home. Unlike Part Exchange, Help to Sell covers any home, whether it's a flat, maisonette or ex-council house, whatever the value relative to the price of your new Redrow home. So whether you want to move up, downsize or even step sideways, Help to Sell could be the best move you could make.

How does it work?

Help to Sell helps you move into your brand new Redrow home in four simple steps: 

Step 1 - Choose your new Redrow home
Step 2 - We’ll agree a valuation and marketing plan for your existing property
Step 3 - We will work with the estate agent to achieve a quick sale and contribute towards your fees
Step 4 - Reserve and move into your new Redrow home

What should I do next?

For an easier way to move, talk to a Redrow Sales Consultant today about how Help to Sell can help get you moving.

The contribution towards *estate agent's' fees will vary depending on the property being purchased. Please liaise with our Sales Consultants for full details. Please note, if having sold your property through Help to Sell, you decide for any reason you no longer wish to proceed with the purchase of the Redrow home, then you become responsible for the estate agent's fees and costs. If a customer completes on their related sale prior to the completion of their Redrow home they must pay the estate agent fees in full and the Redrow fee contribution will be reimbursed upon legal completion. Subject to build stage.

What is Advantage?

Advantage gives you access to our selection of perpetuity plots. In order to make the most of it, you'll need to meet certain criteria, such as being a first time buyer, and be able to demonstrate a specific need for the home you'd like to buy. This might be a growing family or a need to be in the local area for a new job.

If you qualify, you could receive a sizeable discount on the Redrow home you'd like to purchase.

Who can use it?

If you're a first time buyer, and you're currently renting or perhaps living with parents, and have struggled to get on the property ladder, get in touch about our Advantage offer.

What's a perpetuity plot?

A Redrow home that's on a perpetuity plot is one that's designed to remain affordable throughout the lifetime of the house. This means that once you've purchased it with the Advantage discount, the only requirement is that when you come to sell the property, you pass on this discount to a buyer in a similar position to the one you were in when you bought it.

This arrangement ensures the house remains an affordable one to families or young professionals, helping first time buyers get on the property ladder. A home that's in a perpetuity plot may be in an area that you may not have considered due to it being out of your price range.

The aim of the scheme is to provide a discount to buyers that are really in need of the home, but couldn't otherwise afford it.