Make your first home a Redrow home in Farnborough with FirstBuy
With the chance to secure a new home with only a 4% deposit, would-be homeowners could find they’re able to stop renting and buy a brand new apartment at Farnborough Central.
Designed to reduce the cost of setting up home, FirstBuy offers first time buyers to defer paying up to 20% of the price of a property thanks to an equity loan.
It means that eligible customers may be able to secure a brand new home with a 4% deposit and 76% mortgage.
Helen McGill, area sales manager for Redrow Homes (South Midlands), says: “We’re delighted that funding under the FirstBuy scheme has been extended as it offers a lifeline to those who are stepping on the property ladder by significantly reducing the cost of the home they’re buying. It’s great news for those who are struggling to save for a deposit as they may only need 4% of the purchase price, compared with the 20% deposits typically required. With rising rents would-be home owners should be asking themselves how much longer they want to pay someone else’s mortgage instead of their own?”
Prices at Farnborough Central start from £164,950 for a one-bedroom apartment, with two-bedroom apartments available from £189,950.
With FirstBuy a two-bedroom apartment could be secured with a deposit of £7,598 and a mortgage for £144,362. The equity loan covers the remaining £37,990.
“It may seem complicated, but in simple terms FirstBuy could help aspiring home owners make that all-important first step onto the housing ladder as it significantly reduces the cost of the home they’re buying,” Helen adds.
“Provided their total annual income is less than £60,000 they should be eligible for the valuable help and if they come along to Farnborough Central our friendly experienced sales team will explain how it works and guide them through the home buying process.”
The apartments at Farnborough Central are stylish, easy to manage and efficient to run with convivial open plan layouts with combined kitchen, dining area and living room to maximise the potential of the space available.
Top brand name kitchen appliances such as fridge freezer, oven, hob and extractor plus washer-dryer are all included as standard, making the apartments ideal for first time buyers as it means they won’t have to find extra cash for essential white goods.”
Another big selling point is the location. The development is conveniently close to a wealth of amenities at IQ Farnborough, including a cafe, crèche, four-star hotel and leisure complex. It’s also a great base for commuters as trains from Farnborough will whisk them in to the capital in around 45 minutes.
To discover more about buying an apartment at Farnborough Central with FirstBuy visit the sales office, open daily from 10am to 5.30pm.
For details of the latest availability and pricing, see redrow.co.uk/farnborough.
