FirstBuy boost for buyers in Merseyside
An extension of the FirstBuy scheme means even more people could find they’re able to buy a brand new Redrow home in the Liverpool area.
FirstBuy is a Government-backed incentive which cuts the initial cost of owning a brand new home by 20%.
The coalition Government has committed an additional £280m of funding for the scheme, extending it until March 2014.
First time buyers in Merseyside will be among those to benefit, as Redrow has secured funding under the scheme at Cressington Heath in South Liverpool and at The Avenue at Summerhill Park in Thingwall Lane.
Claire Jarvis, sales director for Redrow Homes (Lancashire) said: “FirstBuy has been incredibly popular with our customers, including those in Merseyside, who may have otherwise have found it difficult to buy a home of their own. We’re delighted to have secured the extra funding and extension to March 2014 as it will help a great deal more people take that vital first step onto the property ladder.”
Cressington Heath and The Avenue currently offer a choice of three and four-bedroom homes, priced from £179,995.
With FirstBuy customers could reduce their initial outlay by a fifth.
For example, a three-bedroom home, usually costing £179,995
- Can be bought for an initial outlay of £143,996
- With a 5% deposit of as little as £9,000
- The outstanding balance is covered by an equity loan, jointly funded by Redrow and the Homes and Communities Agency.
- The loan is interest free for five years and can be repaid when the home owner has more funds available.
To be eligible for FirstBuy customers must have an annual household income of less than £60,000 and be first time buyers or returning to the housing market after a change of circumstances.
To find out how FirstBuy could help you move to a brand new home, visit the sales office and show homes at Cressington Heath and The Avenue at Summerhill Park.
For more information about the homes at Cressington Heath, call 0151 345 3010 or see www.redrow.co.uk/cressington.
Details about homes at The Avenue are available online at www.redrow.co.uk/summerhill or by calling 0151 345 140.
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.