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Own a new home in Lancashire with a 5% deposit

Those looking for a new home in Chorley or Preston will be delighted to discover they may only need a 5% deposit to move on in’ or ‘move on up’. 

With a simple to arrange 95% mortgage, NewBuy enables buyers to own the beautifully crafted, brand new home they really want, instead of being stuck in rented accommodation or trapped in a home they’ve outgrown because they don’t have sufficient equity to fund a move.

NewBuy is available at Redrow developments across the country including those at Old Gate Park in Penwortham and the exclusive Sandy Lane phase of Buckshaw Village, Chorley. On Saturday (September 15) mortgage specialists will be on hand at Old Gate Park to explain how the scheme works, moving on to Sandy Lane on Sunday (September 16).

Claire Jarvis, sales director for Redrow Homes (Lancashire) said: “NewBuy has the potential to help more people to move, whether they are buying their first home or stepping up the property ladder. Many people have sufficient income to make monthly mortgage payments on the amount they wish to borrow; they just don't have the cash available to put down the large deposit demanded by many lenders. NewBuy offers those buyers a solution.

“Because it’s available on any new home up to £500,000, we’ve found that the product is particularly well suited to those who want or need to move house but only have limited equity in their current property. If a 95% mortgage allows them to move up the ladder then it’s also helping to stimulate the whole housing chain so everyone benefits.

“It can also help first time buyers with limited savings.”

Old Gate Park features a choice of four-bedroom homes. Prices start from £219,995 which means those who purchase a new home with NewBuy may only need a deposit of £11,000.

Just a short journey away at Buckshaw Village, near Chorley, Sandy Lane offers a choice of detached family homes priced from £345,995.

“Both Old Gate Park and Sandy Lane feature designs from our sought-after New Heritage Collection,” Claire added. “Traditional on the outside, their Arts & Crafts inspired exteriors provide the period style ‘character’ that many people want in their home, but inside they are bright, modern and full of family friendly features so home owners get the best of both worlds.”

For more on how to ‘move on in’ or ‘move on up’ with NewBuy, visit Old Gate Park and Sandy Lane this Saturday and Sunday (September 15 & 16).

Details about the homes at Old Gate Park are available by calling 01772 930484 or by logging on to www.redrow.co.uk/old-gate.

For information about Sandy Lane call 01772 930434 or see www.redrow.co.uk/sandy.

An easy to follow video guide to NewBuy is available to view online at www.redrow.tv.


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.