Redrow offers to match homebuyers’ 5% deposit

First time buyers who may be struggling to save for a large deposit have been thrown a lifeline by Redrow Homes, the developer behind The Rodings, in Loughton.

Redrow’s gifted deposit offer on selected new homes at The Rodings means they will match pound for pound those buyers who’ve already saved 5% of the purchase price towards a deposit on their first home. This means the customer should only need to obtain a 90% mortgage to purchase.

Mary Timlin, sales director at Redrow Homes, said: “With our gifted deposit contribution, first time buyer’s dreams of home ownership could become a reality now – and our mortgage specialists will see if they qualify for a 90% mortgage.

“It’s a great incentive for first time buyers and this help comes when it’s potentially a very good time to buy – properties are still competitively priced and mortgage availability is improving.”

Prices at The Rodings currently range from £219,950 for a two-bedroom apartment, so those with savings of around £11,000 could find they are able to purchase.

The development is within easy reach of Loughton High Road with its shops, bars and restaurants, whilst also being just a short walk from Debden tube station. From here, residents can reach the centre of the capital in less than 35 minutes and the new Westfield Stratford City, Europe’s largest shopping centre, in only 22 minutes. They are also close to the natural beauty and tranquillity of Epping Forest, which boasts miles of footpaths and cycleways to roam.

To find out more about the new homes available at The Rodings, visit redrow.co.uk.