There’s just one home left at Oldfield Park in Poulton-le-Fylde that can be bought under the current Help to Buy incentive, meaning buyers wanting to take advantage need to act quickly.
With this being the final year Help to Buy can be used in its current format – for properties up to £600,000 and by those who are sold subject to contract as well as first time buyers - Redrow now has only one property that will be built in time for someone to take advantage of the incentive.
Sian Pitt, sales director at our Lancashire division says: “In 2021 Help to Buy will be restricted to first time buyers only and regional price caps will be introduced, meaning some buyers may be priced out of the market.
“We have one home suitable for Help to Buy, a three-bedroom detached Amberley, that will be ready in November, and are urging anyone who has been thinking of getting their foot onto the property ladder, to move while it’s potentially more affordable. And, of course, they’ll save on Stamp Duty too.”
Help to Buy offers a 20% equity loan interest-free for five years, leaving just a 5% deposit needed and a 75% mortgage. Under the current scheme a Help to Buy home must be physically built by the end of 2020 and buyers must be able to legally complete their purchase before the end of March 2021.
Priced from £273,995, The Amberley is a family sized three-bedroom detached home that would also be great for a young professional couple. It has a spacious kitchen and dining area to the left as you walk in, plus a large living room, a utility, and a cloakroom.
Sian adds: “All the bedrooms are a good size and, of course, the main bedroom has an en-suite. The other two bedrooms are both doubles, so great for guests or children. Alternatively one could be turned into an office space for anyone who works from home.”
Located on Carr Head Lane, Oldfield Park boasts excellent commuter connections by rail and road, superb shopping close by and a choice of OFSTED ‘Outstanding’ primary and senior schools within walking distance.
Trains from nearby Poulton Station will whisk residents into Blackpool in just eight minutes, whilst Preston is only 18 minutes away.
As well as the Amberley, we have other three and four-bedroom homes that will be ready early next year, with current prices from £231,995 for a three-bedroom Ludlow semi.
For more details on the Amberley visit the show homes and sales office, usually open Wednesday to Sunday from 10am to 5.30pm, call 01253 923142 or go to www.redrow.co.uk/oldfield.
As well as having strict social distancing protocols in place, please note that face coverings are now required whilst visiting sales centres. Further information: www.redrow.co.uk/visitingus
