Skip a Step on the Housing Ladder and Buy Bigger with Help To Buy
A home to grow into not out of could be secured with less than two thirds of the average deposit paid by first time buyers in the East Midlands.
Help to Buy equity loans can reduce the size of the deposit required to purchase a brand new Redrow home at The Willows.
So, while the Halifax First Time Buyer Review pitches the average down payment for a starter home in the East Midlands at more than £21,000, the reality is that someone with just a fraction of that could purchase one of the final properties at Redrow’s popular development in East Leake.
Pauline Turnbull, sales director for Redrow Homes (Midlands), said: “When people think of a first time buyer property they tend to think of it having two or three bedrooms maximum. But with Help to Buy offering people the chance to purchase a home with only a 5% deposit and 75% mortgage they could find they’re able to stretch their budget negating the need to move again when they’re ready to start a family.
“For example, the four-bedroom Shrewsbury at The Willows could be secured with a deposit of £13,250.”
A detached four-bedroom home spanning 1,134 sq ft, the Shrewsbury is available from £264,995 or a smaller initial outlay of £211,996 with Help to Buy.
“The Shrewsbury is designed to make the most of the space available, especially on the ground floor. The usual hallway has been ‘designed out’ and, instead, the space is incorporated into the lounge, which leads through to an open plan kitchen and dining room with adjoining utility,” Pauline added.
Upstairs, all four bedrooms are generously proportioned, with the master bedroom benefitting from an en-suite to complement the family bathroom. There’s also a convenient cloakroom on the ground floor.
Situated in an established residential area, between Nottingham and Loughborough, with Derby to the east and Leicester to the south, residents of The Willows can embrace village living in East Leake, but with easy access to several major cities.
To be in with a chance of owning one of the final homes at The Willows, visit the sales office and showhome, open Thursday to Monday from 10am to 5.30pm. For the latest availability call 01509 976577 or see the website www.redrow.co.uk/thewillows.
Established more than 40 years, Redrow Homes is one of the UK’s leading house builders, with a £1billion turnover and building more than 4,000 homes in 2014/15 financial year.
Operating across England and Wales, there is a strong emphasis on providing high quality homes in prime locations and its housing ranges feature designs to suit all lifestyles:
• The Heritage Collection combines traditional looking, ‘Arts & Crafts’ influenced exteriors with bright, modern, high specification interiors.
• The classically styled Regent Collection features Georgian inspired street scenes and architecture.
• Redrow has also launched a new brand of contemporary homes in Abode, which boast open plan layouts with streamlined kitchen, dining and lounge areas, high specification wet rooms and outdoor living space.
Redrow also creates exclusive bespoke developments in both rural and urban locations. The company has won numerous awards over the years, including, most recently, the Gold Award for Best Large Housebuilder at the What House? Awards 2015 and 2014, Best House Design at the Sunday Times British Home Awards 2015, the 2014 Building Awards Housebuilder of the Year and five consecutive 5* awards in the Home Builder Federation (HBF) annual customer satisfaction survey. Its ‘My Redrow’ online tool won the overall Customer Engagement category at the 2013 Peer Awards for Excellence. Web: www.redrow.co.uk.