5% deposit is small price of big success

Would-be home owners can be part of one of Rugby’s biggest housing success stories with only a 5% deposit.

That’s because detached family homes at Cawston Grange are available with a 95% mortgage through the Government-backed NewBuy initiative that was introduced to kickstart the housing market.

Currently featuring four-bedroom properties from £264,995, Cawston Grange has been hugely popular since its launch and 18 homes have already been sold.

Pauline Turnbull, sales director for Redrow Homes (Midlands), said: “Potential customers who don’t have a hefty deposit saved up or without substantial equity in their current home may have thought that a move to Cawston Grange was out of the question. We’re delighted to tell them that it isn’t, they just need to ask about NewBuy.”

A desirable location, good access and essential services close at hand have all contributed to Cawston Grange’s popularity, together with the traditional looking appeal and quality specification of the homes being sold.

“Arts & Crafts inspired exteriors provide the period style ‘character’ that many people want in their home, but inside they are bright, modern and full of family friendly features so home owners get the best of both worlds,” Pauline added.

Convivial open plan living spaces, including wide open kitchen, dining and family areas in some homes, are great places for families to come together to cook, eat or simply chat. Kitchens are stylish, practical and well-equipped, with integrated top brand name appliances such as oven, fridge freezer and microwave included as standard and tall cabinets and extra wide drawers which offer plenty of storage. Bathrooms and en-suites enjoy quality fixtures and fittings, with a tile range that’s exclusive to Redrow.

Situated south west of Rugby, the parish of Cawston offers easy access to the M45 and M1 for commuting, while the amenities of Rugby town centre are easily reached.

Redrow’s professionally designed and decorated, fully furnished Richmond show home, open daily from 10am to 5.30pm, will help would-be purchasers appreciate the quality craftsmanship and superior specification of a Redrow home. The company’s mortgage specialists can provide independent financial advice on the most appropriate mortgage products for their circumstances, including NewBuy.

For further information, visit redrow.co.uk.