Shifnal Home Owners have reaped benefits of Help to Buy
As Redrow’s Aston Fields development, in Shifnal, ‘grows’ into its final phase, it’s been revealed more than four-fifths of houses have been bought using a government-backed home loan scheme.
Around 85% of buyers have used the Help to Buy incentive to get on, or move up, the property ladder, showing that the initiative really is helping to get Britain’s housing market moving.
“It just shows what a valuable support Help to Buy is,” said Pauline Turnbull, sales director for Redrow Homes (Midlands). “For so many people that first step or the chance to expand can seem an impossibility, with the opportunity just out of their reach.
“But with Help to Buy so much more becomes possible, as the scheme reduces the initial outlay and makes buying a brand new home – whether a first home or a bigger one – suddenly achievable. We have certainly noticed that at Aston Fields.
“It has been an extremely popular location and 85% of people buying here have done so using Help to Buy, some because it’s their only opportunity to own a home and others simply because it makes those first few years a little easier and leaves them with cash for other things like furnishings.”
Aston Fields is a development of three and four-bedroom homes on the edge of Shifnal, Shropshire, with available homes currently from £224,995. All properties hail from Redrow’s praised Heritage Collection, with homes that look traditional from the outside, taking inspiration from the architecture of the Arts & Crafts era, opening into spacious, open plan interiors designed very much with today’s modern lifestyles in mind.
The M54 is closeby and there’s a mainline train station within walking distance.
One of Aston Fields’ most popular properties is the three-bedroom semi-detached Letchworth – as seen in one of the development’s show homes. It features a spacious lounge to the front with open plan kitchen and dining room to the rear, plus a handy cloakroom. Upstairs, the master bedroom benefits from an en-suite, with the family bathroom serving the remaining two bedrooms.
Currently on the market for £229,995, the Letchworth could be secured for an initial outlay of only £183,996 and, using the Government-backed equity loan scheme, customers should typically only need a 5% deposit. The lower price includes a customer deposit of £11,500, plus a mortgage for £172,496. The remaining £45,999 is covered by the equity loan, which is interest free for five years.
To find out more about Aston Fields or Help to Buy, visit the show home and sales centre on Aston Street, open Wednesday to Monday inclusive, from 10am to 5.30pm. Alternatively, call 01952 709377 or see www.redrow.co.uk/aston
Established more than 40 years, Redrow Homes is one of the UK’s leading house builders, with a £1.4 billion turnover and building more than 4,700 homes in 2015/16 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 and the 2014 Building Awards Housebuilder of the Year. Its ‘My Redrow’ online tool won the overall Customer Engagement category at the 2013 Peer Awards for Excellence. Web: www.redrow.co.uk.