The incentive offers first time buyers the chance to reduce the cost of setting up home with the help of an equity loan for up to 20% of the price. And to explain how first time buyers can benefit, Redrow is holding a special event at College Court this Sunday (October 7).
Mortgage specialists, along with Redrow’s friendly experienced sales consultants, will be on hand to guide customers through the application process, making it as simple and straight forward as possible.
Claire Jarvis, sales director for Redrow Homes (Lancashire), says: “We’re delighted that funding under the FirstBuy scheme has been extended as it offers a lifeline to those who are stepping on the property ladder by significantly reducing the cost of the home they’re buying.”
With an equity loan for 20% of the cost, eligible customers may only need a deposit of 4% of the purchase price and a mortgage for the remaining 76% to secure a brand new home.
Prices at College Court start from as little as £99,995 for a two-bedroom apartment.
With FirstBuy a three-bedroom Kenilworth style home that’s ready to move into could be secured with a deposit of £6,719 and a mortgage for £127,676. The equity loan covers the remaining £33,600.
“It may seem complicated, but in simple terms FirstBuy could help aspiring home owners make that all-important first step onto the housing ladder as it significantly reduces the cost of the home they’re buying,” Claire adds. “Provided their total annual income is less than £60,000 they should be eligible for the valuable help and if they come along to our event they can find out all about it.”
Located off Robin Park Road, College Court is centrally placed for local amenities including supermarkets, a retail park, cinema, sports facilities and restaurants; while Wigan’s Grand Arcade shopping centre boasts a range of popular high street stores, cafes and bars. The homes are also within easy reach of the M6 motorway and rail network for commuting.
To find out how FirstBuy could help you onto the property ladder, visit the development this Sunday (October 7).
For more information about the homes available, call 01942 396670 or see www.redrow.co.uk/collegecourt.
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 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.