With the chance to save thousands off the initial price of a brand new home in Stafford, would-be home owners are being urged to make 2013 the year they step onto the property ladder.
FirstBuy is now available on new homes at Redrow’s Castle View development in Doxey Road. The Government-backed incentive offers first time buyers the chance to reduce the cost of setting up home with the help of an equity loan for up to 20% of the price
Pauline Turnbull, sales director for Redrow Homes (Midlands), commented: “We’re delighted that funding under the FirstBuy scheme is now available at Castle View as it offers a lifeline to those who are stepping on the property ladder by significantly reducing the cost of the home they’re buying. It’s great news for those who had perhaps made it their New Year’s resolution to stop renting and buy a home of their own as it should make the transition to homeownership more affordable.”
With an equity loan for 20% of the cost, eligible customers may only need a deposit of 4% of the purchase price and a mortgage for the remaining 76% to secure a brand new home.
Prices at Castle View start from £182,995 for a three-bedroom Letchworth.
With FirstBuy a Letchworth style home could be secured with a deposit of £7,320 and a mortgage for £146,394. The equity loan covers the remaining £36,598.
“It may seem complicated, but in simple terms FirstBuy could help aspiring home owners make that all-important first step onto the housing ladder as it significantly reduces the cost of the home they’re buying,” Pauline adds.
“Provided their total annual income is less than £60,000 they should be eligible for the valuable help and if they come along to Castle View they can find out all about it from our friendly, experienced sales team.”
Castle View is close to the Doxey Marshes nature reserve, enabling householders to enjoy the great outdoors close to home.
With Stafford train station only a mile away and the M6 motorway and M6 toll road easily reached, the development a commuter’s paradise.
To find out how Redrow could help you buy a brand new home in 2013, visit Castle View, where the show homes are open daily from 10am to 5.30pm.
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 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.