Renters across Cambridge who have been unable to save for a large house deposit may now be able to buy thanks to zero or low-deposit mortgages and help from Redrow.
Redrow South Midlands, currently building at developments across Cambridge, is offering advice and support to first-time buyers who want to escape the rental trap and step onto the property ladder.
Andrew Newman, Head of Sales at Redrow South Midlands, said: “With the news that Skipton Building Society is now offering zero deposit mortgages* for people who have rented for at least 12 months, the options for first-time buyers without substantial savings have increased.
“One of the advantages of buying a brand-new property is that purchasers have help and support at every step, from the moment they choose their plot to opening their front door for the very first time. Along the journey, house buyers have access to our recommended solicitors and mortgage specialists, who can help to provide the best products available and who are experts in the Cambridge property market.”
Skipton’s new five-year fixed rate Track Record Mortgage is open to first-time buyers aged 21 or over, who have been renting and paying bills for at least 12 consecutive months. The offer does not require a family member or friend to act as a guarantor and cannot be used to buy a new build apartment.
Those looking to take advantage of this offer can do so at Redrow South Midlands, which offers a collection of three and four-bedroom homes from tour Heritage Collection, with architecture inspired by the Arts and Crafts era and highly specified, modern interiors.
The three-bedroom Letchworth is part of our Heritage Collection, which has proven popular with first-time buyers looking for traditional, 1930s charm, combined with an interior that exudes contemporary style.
Downstairs, to the rear of the property, an expansive open-plan kitchen and dining area spans the full width of the home and opens out onto the garden, ideal for socialising. Upstairs, the main bedroom takes full advantage of The Letchworth’s spacious interior. Complete with a generous en-suite and a fitted wardrobe, the room is perfect for homebuyers looking for an added touch of luxury.
The four-bedroom Grantham was created with modern family living in mind. The ground floor offers a large lounge with French doors opening onto the garden, while a spacious open-plan kitchen and dining area at the front of the house is sure to become the hub of family life.
Upstairs, two double bedrooms and a third single bedroom are perfect for a family or couples looking for extra living space, where additional rooms can serve as an office, wellbeing space or gym.
Andrew added: “The Letchworth and Grantham are perfect for couples, professionals and growing families alike. Those who have been renting can move straight in with no need to undertake any costly renovations or maintenance work – leaving more money left over for those all-important takeaways when you’re still unpacking.
“Every home we build boasts high specification kitchens and bathrooms with appliances included and buyers can choose from a host of options and extras via My Redrow, the exclusive members’ area of our website, to add those all-important finishing touches.”
Redrow South Midlands is building at five developments across Cambridge, including Alconbury Weald, All Saints Gardens, Kings Meadow and Cottenham Grove. Cambridge is a well-connected location, with accessible transport links to London for busy commuters, and a choice of three to five-bedroom houses for those with growing families.
*Terms and conditions apply, see www.skipton.co.uk/mortgages/track-record-mortgage for more information.
