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NewBuy and 95% mortgages explained in Ormskirk

Ormskirk homebuyers who want to know more about 95% mortgages are invited to join Redrow at Oakwood Park this Sunday (May 12).

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

Oakwood Park offers a good selection of three and four-bedroom homes. Prices start from £197,995 and those who purchase with NewBuy could find that they only need a deposit of less than £10,000.

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

Featuring designs from the sought-after New Heritage Collection, the homes look traditional from the outside, yet are bright and modern inside. 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.

Located in Wigan Road, Oakwood Park is within walking distance of Ormskirk town centre, giving residents easy access to shops and leisure facilities. With schools nearby, it’s ideal for those with children.

To find out how NewBuy could help you buy a brand new Redrow home with a 5% deposit and 95% mortgage, visit Oakwood Park this Sunday (May 12).

For more information about the homes available see or call 01695 228949.

 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: