FirstBuy boost for buyers in Rochdale
Even more people could find they’re able to step onto the property ladder in Rochdale with the help of FirstBuy.
The Government-backed incentive 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 Rochdale will be among those to benefit, as Redrow has secured funding under the scheme at its Birch Grange development in Wardle.
Claire Jarvis, sales director for Redrow Homes (Lancashire) said: “FirstBuy has been incredibly popular with our customers who may have otherwise have found it difficult to buy a home of their own. We’re delighted to have secured funding until to March 2014 for our Birch Grange development as it will help a great deal more people take that vital first step onto the property ladder.”
Birch Grange offers a choice of three and four-bedroom homes from Redrow’s popular New Heritage Collection.
With FirstBuy customers could reduce their initial cost of setting up home by a fifth.
For example, a three-bedroom home, usually costing £189,995
- Can be bought for an initial outlay of £151,996
- With a 5% deposit of as little as £9,500
- 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.
Located in Birch Road in Wardle, Birch Grange is set in an established residential area. Close to Wardle High School and with a choice of schools nearby, it’s well placed for buyers with children. Local amenities include a library and shops including a butcher and a bakery.
To discover how FirstBuy could help you buy a brand new home at Birch Grange, visit the show home open Thursday to Monday from 10am to 5.30pm.
For details of the latest availability and pricing, call 01706 550740 or see www.redrow.co.uk/birch.
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.