Yes, Prime Minister we bought our House with Help to Buy
Their invitation came on the back of buying a brand new property from Redrow Homes at Woodville Gardens using the Government-backed Help to Buy initiative.
The reception was held at the end of the Government’s specially appointed Housing Week, during which it was revealed by the Treasury that 88,420 people have used Help to Buy to purchase a home since the scheme was launched in 2013; and 80% of them were first time buyers. David Cameron also announced a new scheme last week that will provide 100,000 homes for first time buyers under the age of 40 at 20% off the asking price.
Kellieanne and Arise, along with their son Zach, 4, were part of a group of around a dozen Redrow home owners invited to the Downing Street event. Before they bought in Moston they had been renting a Redrow home in Altrincham so were keen to stick with the housebuilder and build on their good experience; it was Help to Buy that allowed them relocate to a brand new home.
Speaking at Monday’s reception, Prime Minister David Cameron said: “I’ve heard so many stories of meeting people who’ve taken part in Help to Buy and so many of them say really the same thing which is, ‘We really want to have a home of our own. We work incredibly hard. We’ve got a decent job. We put in the hours. We’ve got a decent salary. We can afford the mortgage payments. But we can’t afford a deposit because we haven’t got a rich mum and dad and we aren’t able to save up all that money when we’re renting and living where we’re living.’ And so that’s why I think Help to Buy has made a real difference.”
The Help to Buy scheme is available on homes up to £600,000 – although so far the average price of a home bought with Help to Buy has been £185,000 – and allows the purchaser to take out a 20% equity loan, which is interest free for five years. The home buyer’s initial outlay comprises a 5% deposit and 75% mortgage from a lender of choice.
Kellieanne said they wouldn’t have been able to buy a new home without the scheme. “Help to Buy really helped us to get our feet on the property ladder thanks to the low deposit needed and the equity loan. Being able to give the Prime Minister that feedback directly was amazing. It was a fantastic occasion, a once in a lifetime experience. We put Zach in a suit for the event and the Prime Minister commented on how smart he looked!”
Redrow has recently launched two new developments in Moston and has a variety of homes available with Help to Buy, with current prices from £99,995 to £189,995 across both Abbot Gardens and St John Gardens. For more information about St John Gardens visit redrow.co.uk/stjohn or call 0161 312 2122 and for Abbot Gardens see redrow.co.uk/abbotgardens or call 0161 478 3184.
Established more than 40 years, 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 Heritage Collection of family homes combines traditional looking, ‘Arts & Crafts’ influenced exteriors with bright, modern, high specification interiors. The company has won numerous awards over the years, including, most recently, the Gold Award for Best Large Housebuilder at the WhatHouse? Awards 2014, the 2014 Building Awards Housebuilder of the Year and four consecutive 5* awards in the Home Builder Federation (HBF) annual customer satisfaction survey. Redrow also collected the award for best marketing initiative at the 2014 Housebuilder Awards and its ‘My Redrow’ online tool won the overall Customer Engagement category at the 2013 Peer Awards for Excellence.