Mortgage with a mate at Tiddy Brook

Stepping onto the property ladder for the first time can be a daunting prospect and consequently a trend is emerging for buyers to club together to get a mortgage with a mate.

Redrow’s contemporary selection of two-bedroom apartments at Tiddy Brook Meadows in Tavistock is the ideal choice for first-time buyers or friends looking to share a home.

Hannah Newnes, area sales manager for Redrow Homes (South West), said: “With young people having to work harder for their money these days, ‘buying with a buddy’ could be just the thing for people concerned about their finances. The ‘Argal’ and ‘Aled’ apartments at Tiddy Brook Meadows are fantastic properties for first time buyers – with or without a flatmate.

“Latest figures from the Office of National Statistics* show that young people are staying at home longer because they can’t afford to buy their own home. Getting a mortgage with a friend is the latest way for first timers to get onto the property ladder and there are whole websites** dedicated to providing them with all the information they need – and even offering to put them in touch with prospective co-owners.”

Redrow’s ‘Argal’ apartments - priced from £161,950 - are spacious two-bedroom apartments, designed and decorated in a fresh, modern style and with an open-plan kitchen/diner – perfect for entertaining or for relaxed evening meals with your buying partner. The benefit of the en-suite bathroom means that it is possible for each owner to enjoy the privacy of their own bathroom – which can certainly save on shower-time when running late for work.

“Similarly, the Aled apartments have a spacious open-plan kitchen/diner and come with the added bonus of an integral garage.”

Hannah added: “We have a stunning new Argal show apartment which gives buyers the chance to imagine themselves living in the property. We hope these superb apartments will encourage any hesitant individuals to make that all-important first step up the ladder.”

Tiddy Brook Meadows is located on the edge of Tavistock, a beautiful town in the Devon countryside. It has a wealth of amenities close at hand, such as pubs, restaurants, shops and some well respected schools.

Redrow currently has a selection or Argal apartments available from £161,950 and Aled coachhouse apartments over garages, from £161,995.

In addition, Tiddy Brook Meadows also currently features a selection of three-bedroom terraced and semi-detached houses, with prices from £220,995.

Perfect for sport enthusiasts, Tavistock provides a wide range of activities that include cricket, golf, tennis and rugby. It is also close to Dartmoor National Park and Morwelham Quay for those with a love of the ‘great outdoors’, as well as being within easy reach of a variety of National Trust homes and attractive nearby villages.

Tiddy Brook Meadows is situated on the Plymouth Road just off the A386 on the south side of Tavistock, making it easily accessible for commuters.

For more information about available apartments, or any of the two and three-bedroom properties on the development, visit Redrow.co.uk.

For extra advice on mortgaging with a mate, go directly to Redrow.co.uk/cms/general/mortgaging_with_a_mate or visit the develompent of your choice.

* In 2006, 58% of men and 39% of women aged 20-24 in England lived with their parents. This is significantly higher than in 1991. Statistics.gov.uk/socialtrends.

** Smartsharedhomes.com