Government loans for first-time buyers in Redhill

First-time buyers can gain a low-interest loan covering up to 50% of the purchase price of a brand new home at George Wimpey's Living @ Park 25 development in Redhill.

The Government's First-Time Buyer Initiative (FTBi) provides qualifying customers with the opportunity to reduce the mortgage value they need to secure, while still owning 100% of their home.

Interest-free for the first three years, the fourth year is 1%, fifth year is 2% and then the sixth year is 3%, when the loan interest rate is capped.

The initiative is available on selected properties at the development, including two-bedroom apartments which have an FTBi price from just £99,998*.

The ‘Hamilton', for example, is an exceptional first home for couples, individuals or young families, featuring a lounge/dining room with open-plan kitchen, a main bedroom with en-suite shower room, a second double bedroom and a separate bathroom.

Outside there is a communal garden and allocated parking, while selected apartments benefit from a lift to the higher floors.

As an alternative to the apartments, just two houses are now available using the FTBi scheme - the three-bedroom, three-storey ‘Dale', available for £139,997* and the two-bedroom coachhouse, ‘The Abel', available for £117,498* with a 50% FTBi loan.

Living @ Park 25 is close to the shops, restaurants, pubs and leisure amenities of Redhill, a lively town in its own right, yet small enough to really get to know.

There is a weekly market and the Belfry Shopping Centre offers a great range of high street stores and numerous cafes. Centrale Shopping Centre, just 10 miles away in Croydon, provides an even bigger array of outlets.

For children, there are good schools for all ages nearby, while commuters will appreciate Redhill Station is a short walk from the development, offering regular, 35-minute services to London Victoria, and 30-minute services to Guildford, while Junction 8 of the M25 is less than five miles away. For those heading abroad, Gatwick Airport is seven miles from the development.

Further information is available by visiting the Sales Information Centre, located off St Annes Drive, Redhill, and open every day from 10.30am to 5.30pm.

For more information, log on to Georgewimpey.co.uk.

* Based on 50% of listed purchase price