Help to BuyWith the Government backed Help to Buy scheme you can move in to a new Redrow home with as little as a 5% deposit.
Currently, there are two Help to Buy schemes available to first time buyers as well as existing homeowners that both require a minimum deposit of just 5%. These are the ‘ Help to Buy Equity Loan’ and the ‘Help to Buy Mortgage Guarantee’, which work in the following ways:
Help to Buy Equity Loan
- Only available on new build homes.
- The Government will lend you up to 20% of the value of your new property through an equity loan which is interest free for 5 years
- This means that only a 75% mortgage will need to be secured from a bank or building society.
- In England, this scheme is available on house purchases up to the value of £600,000.
Help to Buy Mortgage Guarantee
- Available on both new build and existing homes.
- A 95% mortgage will need to be secured from a participating bank or building society.
- The Government provides your mortgage lender with a guarantee of up to 15% of the property’s value meaning that lenders are able to offer higher loan to value mortgages.
- This scheme is available in England and Wales on house purchases up to the value of £600,000.
Whether you can picture your perfect home or keeping your options open – searching for a new home is an exciting time. Why not 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!
As more information about this exciting new Government backed scheme becomes available, we will keep you up to date. Don't forget to register your interest 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
We’ll help you sell your home in 3 easy steps
Step 1. Find your ideal new Redrow home
Choose your new Redrow home and register onto Mastermove.
Step 2. We sell your old house hassle free
We will arrange for 2-3 valuations and agree a guaranteed price that will sell your house fast. We then instruct one of our approved estate agents to vigorously market your property and we pay all the fees for you.*
Step 3. You move into your new Redrow home
With your old house sold, you can buy your brand new Redrow home and move in as soon as it's ready.
So for an easier way to move ask your sales consultant today about MASTERMOVE.
Mastermove can be used for any home, including flats, maisonettes, ex-council homes, leasehold properties and unusual houses.
No price differential
Unlike Part Exchange, Mastermove does not require a difference in price between your old house and your new home, so you can use Mastermove to downsize or side step as well as to move up.
No selling fees
*We even pay the estate agents’ fees for you saving you hundreds or even thousands of pounds.
We will take care of everything for you, helping with paperwork, liaising with the estate agents and ensuring everything runs smoothly. So you can sit back and relax
*Estate agents' fees paid may vary depending on the property to be purchased. Please liaise with our Sales Consultants for full details. Please note, if having sold your property through Mastermove, you decide for any reason you no longer wish to proceed with the purchase of the Redrow home, then in the normal way you become responsible for the estate agents' 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 and these will be reimbursed upon legal completion. Details correct at time of going to print. Subject to build stage.