RSS Feed

Related Articles

Related Categories

Now is the time to buy a new home

9th October 2014 Print
The Balmoral at Horsforth Vale

As major mortgage lenders slash rates to fight for business, now is the time to buy a Redrow home in Yorkshire, an expert has said.

And with the Bank of England expected to raise interest rates next year, those seeking a new home in the region are being urged to act fast before things change – especially as they may also be able to take advantage of the Help to Buy scheme.

New homes mortgage specialist Andrew Mannion, of RSC New Homes, said there were two good reasons why now is an ideal time to buy: “One is that the upturn in the market has resulted in a ‘price war’ between lenders, which in turn has led to some fabulous deals. The second reason is that it’s expected that interest rates will rise next year.

“Currently, there are mortgages out there that have rates fixed for three or four years, sometimes longer, so if a fixed-rate deal is secured now, purchasers will be able to avoid that rate rise for a few years to come, helping to keep their monthly mortgage payments low.”

All of this should be good news for customers of award-winning housebuilder Redrow. Its Wakefield-based Yorkshire division is currently selling homes at a number of sought-after locations, including Easingwold, in North Yorkshire, Cottingham, near Hull, and Horsforth near Leeds. It also has homes for sale in Steeton and Wakefield, West Yorkshire, Barton-upon-Humber and Grimsby, in North Lincolnshire and Dodworth, near Barnsley, in South Yorkshire.

And with new developments underway in Wakefield, Huddersfield and Newton Kyme there is plenty of choice for those who are keen to make the most of the good rates.

Patsy Aicken, sales director for Redrow Homes (Yorkshire), said: “For those thinking of moving, we’d urge would-be buyers to come and take a look at what we offer across the region as now is the time to grab a deal.

“Redrow is currently offering a range of traditionally styled homes, some from the much sought-after Heritage Collection with Arts & Crafts inspired exteriors and some from the classically styled Regent Collection. Step inside either style of home and there are 21st century interiors with top brand named appliances, fixtures and fittings.”

What’s more, because all of the new Redrow homes in Yorkshire fall below the £600,000 threshold, customers may also be able to buy using the Help to Buy scheme.

Help to Buy includes an equity loan for up to 20% of the purchase price. That then reduces the initial outlay and means that buyers only need a 5% deposit. The remaining 75% is covered by a mortgage from a lender of choice.

For more information about Redrow homes across Yorkshire, or to register interest in any of the new developments planned go to

More Photos - Click to Enlarge

The Balmoral at Horsforth Vale