Launched on January 2, the scheme applies to many of Redrow’s properties at the Gladstone Leigh development in Hawarden, Heathlands in Buckley and Heritage Park in Penymynydd.
Redrow has already experienced a high level of interest and taken its first applications for the initiative from people looking for the opportunity to purchase one of the stunning new homes with just a 5% deposit.
Anita Williams, sales director for Redrow Homes (NW), said: “Help to Buy Wales is a £170m scheme designed to give first time buyers and families a boost onto the property ladder. Our experience so far, along with the high number of enquiries, tells us that there is a high demand. We’d advise prospective home owners to visit one of our developments to see what options are available to them.
“Flintshire house buyers have seen what good the English version of the initiative has done in nearby Chester and will be eager to take advantage of the Welsh equity loan scheme themselves.”
Across the three developments, there’s a wide range of attractive three and four-bedroom homes priced below the £300,000 maximum threshold which are now available to buy under the scheme.
For example, one of the designs at the Gladstone Leigh venture, the four-bedroom detached ‘Stratford’, boasts attractive gardens, an open-plan kitchen and dining room and a price tag of just £255,995.
Available through Help to Buy, the home could be purchased with a 5% deposit of just £12,800. Purchasers would then cover the remaining costs with up to a 20% equity loan from the Welsh Government, interest free for five years, and a 75% mortgage from a lender of choice.
For more information about Help to Buy Wales go to www.redrow.co.uk/helping-you-move/help-to-buy-wales.
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 Heritage Collection of family homes combines traditional looking, ‘Arts & Crafts’ influenced exteriors with bright, modern, high specification interiors. Established almost 40 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, 2012 and 2013; 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.