Put off 20% of the cost of a new home - and enjoy an added bonus

Redrow Homes has found a way to make its ‘easi-buy' deferred payment scheme stand out from the crowd - home owners can save themselves thousands of pounds if they pay off the outstanding balance early.

Wirral customers of the award winning housebuilder who use easi-buy will own 100% of their new home from day one, but can defer up to 20% of the purchase price for 10 years.

And for those who find themselves able to repay the outstanding balance within the first three years there are substantial cash savings to be made on a sliding scale.

At the Woodlands Grange development in Bromborough, Wirral, for example, easi-buy is available on a two-bedroom apartment]. Its full purchase price is £129,950 but currently it can be bought for an initial outlay of just 80%, for £103,960. And a customer who is able to redeem the 20% deferred payment in the first year will save over £10,000.

Elaine Mounsey, area sales manager for Redrow Homes says: "Easi-buy is a great option for first time buyers looking to get onto the property ladder and maybe even those who are trading up but want to gradually step up their commitments. They will own 100% of the property straight away but will be able to defer 20% of the total cost to a time when they have more funds available.

"For those whose financial circumstances change for the better more quickly than expected - perhaps because of a job promotion, windfall, inheritance or becoming one half of a couple - the option of repaying the deferred element early and pocketing a substantial saving is a real bonus. This really sets Redrow's easi-buy incentive apart from other deferred payment schemes."

Redrow ‘easi-buy' is the latest in a number of incentives offered under the umbrella of ‘re:assure', all of them designed to make moving as easy as possible from the moment of first enquiry right through until after the customer has moved in.

Elaine adds: "We take a flexible approach to helping our customers and work with them and a network of financial advisers, estate agents and other property professionals in a bid to find the most appropriate solution to their housing needs. We don't believe in a ‘one size fits all' approach. Easi-buy is one option but we have others, including mortgage subsidies, part exchange and helping with a deposit, stamp duty, legal fees and / or other moving costs."

The development is just minutes away from the amenities of Bromborough Village, it offers easy access to the motorway network via the M53 and has good rail links to Liverpool from the nearby Spital and Port Sunlight train stations. Current prices range from £129,950 for two-bedroom apartments and up to £255,000 for three and four-bedroom homes.

For more details log on to redrow.co.uk.

* Redrow's easi-buy incentive is available on selected plots only and is subject to terms and conditions. The 20% deferred element is paid back at market value at the time of payment, which could go down as well as up.