Buy a brand new home with a 95% mortgage

Those aspiring to live in a brand new home in Yorkshire can now own one of Redrow’s sought after New Heritage Collection homes with only a 5% deposit.

Homes across the region can be bought with a 95% mortgage under the NewBuy initiative.

It’s available in Guiseley, Halifax and Wakefield in West Yorkshire; and Sherburn in Elmet and Easingwold in the north, which means more people will be able to enjoy the benefits of owning a brand new Redrow home.

Patsy Aicken, sales director for Redrow Homes (Yorkshire), said: “Between the various developments we have a good choice of homes available. We have properties that are perfect for individuals, couples, families and even friends buying together. Their traditional looking Arts & Crafts influenced exteriors, bright modern, family friendly interiors mean they practically sell themselves. And thanks to the offer of 95% mortgages there’s a real opportunity for those without substantial savings to own one of our stylish new homes.”

NewBuy is available on all new Redrow homes priced up to £500,000.

This includes three-bedroom homes at Wheatley Chase in Halifax and four-bedroom homes at Saxon Court in Sherburn in Elmet.

“Research published by the Halifax this week suggests that the average 20-45 year old looking to buy a home has £9,420 in savings. The good news is that this would be more than enough to secure a 95% mortgage to purchase one a three-bedroom home at Wheatley Chase,” Patsy added.

“On larger homes, NewBuy can help those who don’t have a substantial amount of equity in the property they are selling or it may offer a ‘rent to buy’ option for those who haven’t sold their current home. They can consider renting out their existing property by converting to a buy to let mortgage and then use NewBuy and a 95% mortgage to buy one of our brand new homes.

“The simplest thing is for them to talk to Redrow and our mortgage specialists; between us we’ll help them find the best way to buy.”

Stylish and practical, new Redrow homes are designed with modern living in mind and are full of family-friendly features.

Open plan layouts put kitchens at the heart of the homes. Those kitchens are well equipped with integrated top brand name appliances including oven, hob, microwave and fridge freezer, plus tall cabinets and extra wide drawers that offer plenty of storage space.

En-suites and family bathrooms boast quality fixtures and fittings, with a tile range exclusive to Redrow.

Redrow developments where 95% mortgages are available include: Branwell Park, Guiseley; Wheatley Chase, Halifax; Scholars Gate, Wakefield; Saxon Court, Sherburn in Elmet; and Oaklands, Easingwold.

For more information, visit redrow.co.uk.