Own your own home with a 5% deposit
Those looking for a new home on the Fylde coast will be delighted to discover they may only need a 5% deposit to ‘move on in’ or ‘move on up’.
With a simple to arrange 95% mortgage, NewBuy enables buyers to own the beautifully crafted, brand new home they really want, instead of being stuck in rented accommodation or trapped in a home they’ve outgrown because they don’t have sufficient equity to fund a move.
NewBuy is available at Redrow developments across the country including those at Harbour Village in Fleetwood and at Whitehill Meadows in Blackpool. This Sunday (September 16) mortgage specialists will be on hand at both locations to explain how the scheme works.
Claire Jarvis, sales director for Redrow Homes (Lancashire) said: “NewBuy has the potential to help more people to move, whether they are buying their first home or stepping up the property ladder. Many people have sufficient income to make monthly mortgage payments on the amount they wish to borrow; they just don't have the cash available to put down the large deposit demanded by many lenders. NewBuy offers those buyers a solution.
“Because it’s available on any new home up to £500,000, we’ve found that the product is particularly well suited to those who want or need to move house but only have limited equity in their current property. If a 95% mortgage allows them to move up the ladder then it’s also helping to stimulate the whole housing chain so everyone benefits.
“It can also help first time buyers with limited savings.”
With two, three and four-bedroom homes available, Harbour Village offers buyers plenty of choice. Prices start from £121,995 which means those who purchase a new home with NewBuy may only need a deposit of £6,100.
Just a short journey away in nearby Blackpool, Whitehill Meadows offers a choice of detached four-bedroom homes with prices from £237,995.
“Both Harbour Village and Whitehill Meadows feature designs from our sought-after New Heritage Collection,” Claire added. “Traditional on the outside, their 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.”
Homes at both locations enjoy easy access to the glorious Fylde coastline, offering householders the chance to explore the great outdoors close to home. They also benefit from good local amenities including a choice of shops and schools, while strong transport links to the north west motorway network make the homes the ideal base for commuters.
For more on how to ‘move on in’ or ‘move on up’ with NewBuy, visit Harbour Village, off Amounderness Way, Fleetwood, or Whitehill Meadows in Lytham St Anne’s Way, Blackpool, this Sunday (September 16).
For more information, visit redrow.co.uk.
