The ‘easi’ way to own a new home in Westbury

Buying a contemporary new home in Westbury just got a whole lot easier – with a new scheme from Redrow that allows you to put off paying 25% of the purchase price for up to 10 years.

Home owners will still own 100% of their brand new Redrow home at Lakelands Edge from day one, but pay just three-quarters of the usual price. And there’s no interest or rent to pay on the deferred amount.

Redrow’s ‘easi:buy’ scheme is aimed at helping first time buyers on to the property ladder, but is open to others who would like to defer paying part of the cost of their new home until a time when they have more funds available.

The major plus point is that purchasers only have to apply for a 75% mortgage – giving them access to some of the best interest rates around – and they will receive an interest free loan from Redrow for the remainder. First time buyers don’t even need to find a deposit!

Philippa Groves, area sales manager for Redrow Homes (South West) said: “This is an unbeatable offer, which effectively enables the buyer to obtain a mortgage to cover 100% of their initial outlay. But because they are only financing 75% of the purchase price they should get a much better choice of good value mortgage deals. We can even help them to arrange this by accessing our network of financial advisers.

“Not only will the customer legally own 100% of the property from the outset, they won’t have to pay any rent on the deferred element and they’ll have up to 10 years, or until they resell the property, to pay back the outstanding amount – interest free.

“Quite simply, it’s an efficient and easy way to enjoy the luxury of owning one of our sought-after brand new homes.”

Redrow easi:buy is subject to terms and conditions and the deferred element is paid back at market value at the time of payment, which could go down as well as up.

It’s just one of the ways Redrow can help make moving as easy as possible from the moment of first enquiry right through until after the customer has moved in. Other options include part-exchange, deposit matching and mortgage subsidies on selected plots.

As well as reaping all the benefits of buying a low maintenance and energy efficient new home, buying from Redrow also means they can help you access a helpful network of financial and legal advisors, making for a much smoother move.

Set between two lakes and a conservation area, Lakelands Edge is located in Westbury – the Wiltshire town famous for its white chalk horse – and is only 15 minutes walk from the town centre. It’s also just 12 miles from the historic city of Bath and a 90-minute rail commute to London.

There is a range of three-storey three-bedroom homes available now through the easi:buy scheme, with prices from an initial outlay of just £149,996. A fabulous range of apartments is also due to launch, some with lakeside views, and will also be available through easi:buy with prices starting from an initial outlay of £82,500.

To find out more about the homes available at Lakelands Edge and the incentives available, visit Redrow.co.uk.