NewBuy and 95% mortgages explained in Liverpool

Liverpool homebuyers who want to know more about 95% mortgages are invited to join Redrow at Cressington Heath this Saturday (May 11).

From 11am to 4pm, visitors will be able to speak to friendly, experienced sales consultants about the NewBuy initiative.

They’ll be guided through the Government-backed scheme, which enables people to buy a brand new home with a 5% deposit and 95% mortgage.

Claire Jarvis, sales director for Redrow Homes (Lancashire), explains: “Our new homes at Cressington Heath are proving so popular that to meet demand we’ve now opened the sales office seven days a week. We’ve found that many of those who want to live here 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.

“The good news is NewBuy is available on any new home up to £500,000, it means the scheme is particularly well suited to those who want or need to move house but only have limited equity in their current property. It can also help first time buyers with limited savings. This Saturday we’re inviting those homebuyers to join us to find out how NewBuy could help them make that coveted move.”

Cressington Heath offers a good selection of three and four-bedroom homes with a choice of traditional and contemporary style properties available.

A three-bedroom Ivel style home, on the market at £184,995, can be secured with a deposit of £9,250. It features a convivial open plan layout with combined lounge and dining room, which leads on to the kitchen. Upstairs, the master bedroom enjoys an en-suite to complement the family bathroom.

Those who buy a brand new home at Cressington Heath will benefit from purchasing a property that’s been designed and built with pride.

The high specification offered as standard includes stylish, yet practical kitchens that are well equipped with integrated top brand name appliances; while bathrooms and en-suites enjoy quality fixtures and fittings, with an exclusive tile range.

The new homes at Cressington Heath enjoy easy access to the local amenities of Garston and the nearby New Mersey Shopping Park, at Speke, while Liverpool city centre is just a short journey away by road or rail.

The area boasts strong public transport links and is within commuting distance of the M62 and M57 motorways.

To find out how NewBuy could help you buy a brand new Redrow home with a 5% deposit and 95% mortgage, visit Cressington Heath this Saturday (May 11).

For more information call 0151 345 3010 or see


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, 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: