Buy with a friend in Spital

With the market still tough for first-time buyers, Redrow is encouraging people to cement their friendships by joining forces to step onto the property ladder.

With more than nine in ten first-time buyers admitting that affordability is a problem, according to recent research by HSBC, buying a one or two-bedroom apartment at Redrow’s Poulton Manor development in Spital with a friend could be the solution for would-be first-timers.

Elaine Mounsey, area sales manager for Redrow Homes (North West), says: “If you're single it’s difficult enough to get a deposit together – never mind securing a big enough loan to pay for a property – especially if you’re renting. It’s easier for couples, as lenders will offer typically two and a half times the joint salary. The most an individual can obtain is generally three times the one salary.

“More than seven in ten of those still living at home would consider buying with friends, and it’s easy to see why. By clubbing together to share the deposit, mortgage payments and bills, first-time buyers can often find their way onto the property ladder sooner than if they wait until they can buy a place that’s solely their own. And, we have some stylish and spacious one and two-bedroom apartments available at Poulton Manor that would be just right for sharing with friends.”

Poulton Manor comprises 62 one and two-bedroom apartments each with a parking space and some with a balcony. Although, the shapes and sizes of the apartments vary, they all briefly consist of an open plan lounge/kitchen with a spacious bathroom and two bedrooms with an en-suite to the master. They are arranged in three separate buildings with a maximum height of three-and-a-half storeys.

Set in the idyllic village of Bebington, Redrow’s Poulton Manor is within walking distance of all its amenities.

Elaine says: “The apartments offer stylish living in a location that suits buyers from across the board, from young professionals commuting to Liverpool to down-sizers who want to settle in a peaceful village.”

As well as the commuter links to Liverpool and Chester, Spital is also located near to the M53, with Liverpool John Lennon Airport under half an hour away from the development - ideal for those who are part of the ‘lock up and leave’ generation. And the surrounding Wirral peninsula offers opportunities for country walks and relaxing days out.

Elaine adds: “Poulton Manor is ideal for purchasers who have a second home abroad as they can just lock up, travel for half an hour and jet off to their holiday home in the sun.”

The first apartments are expected to be ready to move in to by summer 2007 and prices currently start from £159,000 for a two-bedroom apartment.

Poulton Manor is close to the shops and amenities of Bebington village and is simultaneously not too far from where the action is as Spital offers excellent access to the M53 for commuting to Liverpool, Chester and beyond. The attractions of the Wirral peninsula are all within easy reach.

For further information, visit redrow.co.uk.