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FirstBuy boost for buyers in North Manchester

EVEN more people could find they’re able to step onto the property ladder in North Manchester with the help of FirstBuy.

The Government-backed incentive cuts the initial cost of owning a brand new home by 20%.

The coalition Government has committed an additional £280m of funding for the scheme, extending it until March 2014.

First time buyers in North Manchester will be among those to benefit, as Redrow has secured funding under the scheme at its Hanson Gardens and Kenyon Gardens developments in Moston and Woodville Gardens in nearby Harpurhey.

Claire Jarvis, sales director for Redrow Homes (Lancashire) said: “FirstBuy has been incredibly popular with our customers who may have otherwise have found it difficult to buy a home of their own. We’re delighted to have secured funding until to March 2014 for our Moston and Harpurhey developments as it will help a great deal more people take that vital first step onto the property ladder.”

Between the various developments in North Manchester, Redrow has a good choice of three and four-bedroom homes available with prices from £120,995 to £172,995.

With FirstBuy customers could reduce their initial outlay by a fifth.

For example, a four-bedroom home, usually costing £172,995

  • Can be bought for an initial outlay of £138,396
  • With a 5% deposit of as little as £8,650
  • The outstanding balance is covered by an equity loan, jointly funded by Redrow and the Homes and Communities Agency.
  • The loan is interest free for five years and can be repaid when the home owner has more funds available.

To be eligible for FirstBuy customers must have an annual household income of less than £60,000 and be first time buyers or returning to the housing market after a change of circumstances.

To find out how FirstBuy could help you move to a brand new home, visit the sales offices and show homes at Hanson Gardens, off Lightbowne Road, Moston, and Woodville Gardens on Ashville Terrace, Harpurhey.

For more information about the homes and the help available, call 0161 312 2122 (Woodville Gardens) or see www.redrow.co.uk.

 

Caption – FirstBuy is now available on new Redrow homes in North Manchester, including the four-bedroom Windermere.


Editor’s footnotes

  1. 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 in 2011 and 2012; collected the Silver award in the Large Housebuilder category of the 2012 What House? awards; and its ‘Share a little bit of joy’ campaign was named best marketing initiative at the 2012 Housebuilder Awards.  Web: www.redrow.co.uk.
  2. The North Manchester Strategic Regeneration Framework (NMSRF) is a 10 - 15 year plan to guide investment with a vision of creating successful “Sustainable Communities” where people want to live, work and raise families. The NMSRF identifies the key strengths and opportunities of the area along with the core challenges and priorities for improvement. Improving the quality and choice of housing and coordinated investment in infrastructure and services are among its key aims. The landscape of North Manchester has seen significant positive change since the publication of the Framework in 2003 and Manchester City Council has worked closely alongside its partners, businesses and residents to deliver an exciting programme of investment. Since 2003, North Manchester has seen significant investment in its neighbourhoods and both the Moston and Harpurhey wards have benefited from a programme of regeneration activity that includes: 
  • The redevelopment and continued investment in North City District Centre
  • A “hub” of new facilities and services in Harpurhey including the North City Library and Sixth Form Centre, the North City Family and Fitness Centre, Police Station, the Factory Youth Zone and Studio School
  • The Manchester College investment in North Manchester including: the award winning North Manchester Sixth Form and Library; the newly refurbished Moston campus and the restoration of the Grade II listed Harpurhey Baths
  • New Sure Start Children’s Centres in Moston and Harpurhey  
  • More than 3,000 jobs created at Central Business Park
  • 200,000 sq ft of creative/digital office space at the Sharp Project
  • Improvements to green spaces and the Irk ValleyGreen corridor with Green Flag status awarded to parks including Boggart Hole Clough
  • Improved transport infrastructure including Metrolink expansion and new stations at Central Business Park and Monsall
  • Huge Investment in education:
    • Irk Valley Community Primary opened in 2010
    • St Matthews RC High School £17million refurbishment completed 2009
    • The Manchester Communications Academy (BT) opened September 2010
    • The Manchester Creative and Media Academies opening in 2012