Homes across the region can be bought with a 95% mortgage under the NewBuy initiative.
It’s available in Cottingham East Yorkshire and in Grimsby and Barton-upon-Humber in North Lincolnshire, which means more people will be able to enjoy the benefits of owning a brand new Redrow home.
Patsy Aicken, sales director for Redrow Homes (Yorkshire), said: “Between the various developments we have a good choice of homes available. We have properties that are perfect for individuals, couples, families and even friends buying together. Their traditional looking Arts & Crafts influenced exteriors, bright modern, family friendly interiors mean they practically sell themselves. And thanks to the offer of 95% mortgages there’s a real opportunity for those without substantial savings to own one of our stylish new homes.”
NewBuy is available on all new Redrow homes priced up to £500,000.
This includes two-bedroom homes at Kirk’s Paddock in Grimsby, on the market at £104,999, plus three and four-bedroom homes at Fox’s Fold in Barton and Holtby Gardens, Cottingham.
“Research published by the Halifax this week suggests that the average 20-45 year old looking to buy a home has £9,420 in savings. The good news is that this would be more than enough to secure a 95% mortgage to purchase one of our Eveshams at Kirk’s Paddock,” Patsy added.
“On larger homes, NewBuy can help those who don’t have a substantial amount of equity in the property they are selling or it may offer a ‘rent to buy’ option for those who haven’t sold their current home. They can consider renting out their existing property by converting to a buy to let mortgage and then use NewBuy and a 95% mortgage to buy one of our brand new homes.
“The simplest thing is for them to talk to Redrow and our mortgage specialists; between us we’ll help them find the best way to buy.”
Stylish and practical, new Redrow homes are designed with modern living in mind and are full of family-friendly features.
Open plan layouts put kitchens at the heart of the homes. Those kitchens are well equipped with integrated top brand name appliances including oven, hob, microwave and fridge freezer, plus tall cabinets and extra wide drawers that offer plenty of storage space.
En-suites and family bathrooms boast quality fixtures and fittings, with a tile range exclusive to Redrow.
Redrow developments where 95% mortgages are available include: Holtby Gardens, Cottingham; Kirk’s Paddock, Grimsby and Fox’s Fold in Barton-upon-Humber.
For more information about 95% mortgages available through NewBuy, visit your preferred Redrow development or see www.redrow.co.uk/newbuy.
An easy to follow video guide to the scheme can be viewed online at www.redrow.tv. The award-winning broadband TV channel also includes virtual show home tours and footage of customers talking about their new homes.
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.