Those who long for a home of their own but think they can’t afford to buy could be pleasantly surprised with a visit to College Court in Wigan.
Redrow has incentives available to help reduce the cost of setting up home so that first time buyers can step onto the property ladder much sooner than they realised and without the need for a hefty cash deposit.
Lesley Myers, area sales manager for Redrow Homes (Lancashire), explained: “According to research by the property portal Rightmove the number of people who want to buy a home of their own is increasing. But they’re concerned about finding a suitable property and having the means to buy because of the high deposits lenders often require.
“With a visit to College Court would-be home owners could find their dream home and discover that they’re able to buy at a price that’s well within their means. This is thanks to money-saving incentives such as FirstBuy and Wigan Council’s own affordable homes scheme.”
The two and three-bedroom properties at College Court make ideal starter homes. Available to buy on the open market at £99,995 or as little as £69,999 with one of the incentives, they offer a viable alternative to renting.
Both FirstBuy and the council’s own scheme help reduce the overall size of the mortgage that purchasers require and, with it, the amount of deposit. They also bring down the loan-to-value ratio – the amount they borrow as a percentage of the full property value – hopefully enabling them to access to some of the better mortgage interest rates, which are usually reserved for those with large deposits or substantial equity in an existing home.
“College Court is a popular choice with first time buyers looking to fly the parental nest or escape the rental trap. Many have been pleasantly surprised that their mortgage repayments are not only affordable but compare favourably against the rent they would pay for a similar sized property,” Lesley added.
“Now that we’ve opened our show homes visitors are taking delight in seeing what’s available in our standard specification and realising that they won’t have to find extra funds for essentials such as an oven, microwave or fridge freezer as they’re all included.”
As well as starter homes, College Court also includes a choice of larger three and four-bedroom family homes. Those who are looking to move up the property ladder could find it’s quicker and easier than they expected thanks to part exchange, where Redrow may take their existing property as part-payment for a brand new home.
College Court in Robin Park Road enjoys a prime location with a supermarket on its doorstep and a wealth of shops at the nearby retail park. Wigan town centre is only a short journey away and with the M6 easily accessible, the homes are a good base for commuters.
To experience all that a brand new Redrow home has to offer, visit College Court, open Thursday to Monday from 10am to 5.30pm.
For more information, call 01943 686 169 or see www.redrow.co.uk/developments/college-court-wigan
Redrow Homes is one of the UK’s leading house builders, operating across England and Wales, with a strong emphasis on high quality family housing in prime locations. Its New Heritage Collection of family homes combines traditional looking, ‘Arts & Crafts’ influenced exteriors with bright, modern, high specification interiors. Established more than 35 years, the company has won numerous awards over the years. Redrow received a 5* Award in the Home Builder Federation (HBF) annual customer satisfaction survey, collected the Gold award in the Large Housebuilder category of the 2011 What House? awards and its ‘Our Pride ~ Your Joy’ campaign was named best marketing initiative at the 2011Housebuilder Awards for innovation and excellence. Web: www.redrow.co.uk