A deposit of just 5% of the purchase price could be all you need to buy your dream home in Chorley, where Redrow is offering the Government-backed NewBuy initiative.
It’s available at the Village Green
at Buckshaw Village and at Sandhurst Gardens
in Pilling Lane, where buyers will have the option of a 95% mortgage.
NewBuy is an initiative available to customers spending up to £500,000 on a newly built home. And this weekend (April 14-15) Redrow is holding a special event at each location to explain how buyers can use the scheme to buy a stylish new home.
Lesley Myers, area sales manager for Redrow Homes (Lancashire) says: “In our experience, mortgage availability – or the lack of it – and pressure to find a high deposit has been the biggest hindrance to people who want to buy a home. The scale of the NewBuy initiative, the fact it has the Government’s weight behind it and major lenders are on board, should resolve this issue.
“While many people have heard about the scheme they may not realise what it could mean for them. It’s available to both first time buyers and existing home owners, giving them access to competitive interest rates without a large deposit. This weekend we’ll be answering purchasers’ questions about NewBuy and our mortgage specialists will be on hand to offer financial advice.”
NewBuy is available on a good choice of properties in the Chorley area ranging from apartments to spacious family homes. With prices from just £85,000 for a one-bedroom apartment at Buckshaw Village, those with savings of around £4,000 could find they have enough to secure a home of their own.
Lenders participating in the scheme will provide a 90-95% mortgage for buyers who meet their qualifying criteria; the lenders will be protected by a mortgage indemnity guarantee (MIG) jointly funded by Redrow and the Government.
“Working with designated lenders, we will refer customers to our mortgage specialists for the financial advice they need, making the process as simple, swift and straight-forward as possible,” Lesley added.
“We’ve even produced an easy to follow video guide to NewBuy which is available to view online at our broadband TV channel Redrow.TV.”
Visit The Village Green at Buckshaw Village or Sandhurst Gardens in Pilling Lane, Chorley, this Saturday and Sunday (April 14-15) to discover how NewBuy could help you buy a brand new Redrow home.
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