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Buying made in ‘easi’ in Ystrad Mynach

9th July 2009 Print
Buying made in ‘easi’ in Ystrad Mynach  Taking that first or next step on the property ladder can be easier than you think with help available at Cwm Calon, in Ystrad Mynach, near Caerphilly. Over recent months it’s become more problematic for home buyers as banks tightened their mortgage lending criteria and often demanded large cash deposits.

But Redrow Homes (South Wales) is making life easy for buyers with an impressive four-bedroom Leybourne home at Cwm Calon, available for an initial outlay 20% less than the usual price – with buyer’s still owning 100 per cent of their new home.

The major benefit is they only have to apply for an 80% mortgage – which should give them access to some of the best interest rates around – as they receive an interest free loan from Redrow for the remaining 20% for up to 10 years.

Redrow’s ‘easi-buy’ scheme is aimed at making home ownership more accessible to first time buyers and also offers the ideal solution for growing families in search of extra space.

Using the scheme means buyers could be able to purchase a four-bedroom family home, such as the three-storey Leybourne, for the same initial outlay as a three-bedroom property might normally cost.

Luly Brice, area sales manager for Redrow Homes (South Wales) said: “This is an unbeatable opportunity, which effectively enables the buyer to obtain a mortgage to cover 100% of their initial outlay. But because they are only financing 80% of the purchase price they should get a much better choice of good value mortgage deals. We can even help them to arrange this by accessing our network of mortgage advisers.

“Not only will the customer legally own 100% of the property from the outset, they won’t have to pay any rent on the deferred element and they’ll have up to 10 years, or until they resell the property, to pay back the outstanding amount – interest free.”

Luly adds: “With a four-bedroom property like the Leybourne, it’s particularly good news for families who really need an extra bedroom but have been feeling the pinch. This way they can move up to a bigger property but delay paying for the extra space until they have additional funds available. Quite simply, it’s an efficient and easy way to enjoy the luxury of owning one of our sought-after brand new homes.”

Redrow’s new offer is subject to terms and conditions. The deferred element is paid back at market value at the time of payment, which could go down as well as up.

The Leybourne home, available with easi-buy for an initial outlay of just £159,996, offers buyers views of the tranquil countryside. The spacious kitchen, dining and family area features French doors opening up to a beautiful private garden at the rear.
And the master bedroom, complete with an en-suite shower room, is situated on the first floor, along with a light-filled lounge with a juliette balcony. The second floor houses the other three bedrooms complete with plenty of storage, as well as a stylish family bathroom.

With its gently curving roads, varying roof heights and high quality homes scattered about the village, Cwm Calon is a charming development. There are a variety of shops nearby and services including banks, building societies and supermarkets in Ystrad Mynach.

Elsewhere, a new link road provides direct access to the A470 contributing to an easy commute to Cardiff, Newport, Swansea and Bristol. And the station is also nearby, with a regular rail service that provides easy access to the capital within 20 minutes and links to the UK network.

For more information visit Cwm Calon, Old Penallta Colliery, Ystrad Mynach, or log on to Redrow.co.uk.

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Buying made in ‘easi’ in Ystrad Mynach