Surveyors say that growing consumer confidence has led to a surge in new instructions and the Bank of England has reported that mortgage approvals are at their highest for more than five years.
Combine this with forecasts that prices will continue to rise for the next five years* - and buying now could be seen as a shrewd move.
Those who want to take advantage of current market conditions with minimal fuss should visit Oakwood Park in Ormskirk this Saturday (October 19) to discover how easy it is to part exchange their current property for a brand new Redrow home.
Instead of finding themselves potentially entangled in a complicated chain of sellers and buyers, they’ll be able to move quickly and simply. They’ll also avoid paying estate agent’s fees.
“There’s been so much good news about the housing market in recent months with everyone from mortgage lenders, surveyors and economists pointing to a recovery. It’s really boosted consumer confidence and we’ve seen an increase in the number of enquiries from people who want to climb the housing ladder before prices rise further,” says Claire Jarvis, sales director for Redrow Homes (Lancashire).
“As more people put their homes on the market, our customers may fear they will miss out on their preferred property while they try to secure a buyer. But with part exchange that doesn’t have to be the case – they could enjoy a quick and simple move, without a complicated chain to hold them back. In fact they could move as soon as their new home is ready.”
Generally speaking, to take advantage of part exchange, customers must be selling a property that’s worth at least 35% less than the home they want to buy. If the price differential is suitable, Redrow will act as cash buyer and work with them to make their move stress-free.
Located on Wigan Road, Ormskirk, Oakwood Park features two, three and four-bedroom homes from the sought-after Heritage Collection.
Current availability includes a choice of four-bedroom designs with prices from £259,995 for a Stratford style detached family home.
At the heart of the Stratford is an open plan kitchen and dining room with French doors leading to the rear garden and offering lots of natural light. There’s an inviting lounge to the front. A handy laundry space keeps the washer and dryer out of the kitchen; while the downstairs cloakroom complements the family bathroom and en-suite to master bedroom.
All of the homes enjoy a high specification as standard with well equipped kitchens boasting integrated top brand name appliances and bathrooms featuring quality fixtures and fittings.
Oakwood Park is well served by primary schools making it ideal for families. It’s also well placed as a base for commuters as Liverpool and Preston are both just 30 minutes away by train and the area also enjoys easy access to the motorway network.
To find out more about part exchange, visit Oakwood Park from 11am to 4pm this Saturday (Oct 19).
For more information call 01695 228 949 or see www.redrow.co.uk/oak.
* Latest house price forecast from the Centre for Economics and Business Research (CEBR)
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: www.redrow.co.uk.