FirstBuy extension boost for buyers in Wigan
An extension of the FirstBuy scheme means even more people could find they’re able to buy a brand new Redrow home in Wigan.
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 Wigan will be among those to benefit, as Redrow has secured funding under the scheme at its College Court development.
Claire Jarvis, sales director for Redrow Homes (Lancashire) said: “FirstBuy has been incredibly popular with our customers, including those in Wigan, 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.”
College Court offers a good choice of properties, ranging from two-bedroom apartments to four-bedroom detached family homes. Current prices start from as little as £99,995.
With FirstBuy customers could reduce their initial outlay by a fifth.
For example, a four-bedroom home, usually costing £187,995
- Can be bought for an initial outlay of £150,396
- With a 5% deposit of as little as £9,400
- 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 off Robin Park Road, College Court is centrally placed for local amenities including supermarkets, a retail park, cinema, sports facilities and restaurants; while Wigan’s Grand Arcade shopping centre boasts a range of popular high street stores, cafes and bars. The homes are also within easy reach of the M6 motorway and rail network for commuting.
To find out how FirstBuy could help you move to a brand new home at College Court, visit the sales office and show homes, open daily from 10am to 5.30pm.
For more information call 01942 396670 or see www.redrow.co.uk/collegecourt.
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.