100% of the home for three quarters of the asking price

Be the envy of all your friends with a desirable new home in Oldham– and put off paying 25% of its purchase price for up to 10 years as an interest-free loan. That’s right, home owners can now enjoy all the comforts of a well designed, quality built and efficient-to-run Redrow home for three quarters of the usual price.

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. They might not even need to find a deposit.

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.

Lesley Myers, area sales manager for Redrow Homes (North), says: “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.

Currently easi-buy is available on selected apartments at Spinners Mews, in Oldham, a development that offers a great balance of quality, contemporary homes in a great location.

Using the scheme, a one-bedroom apartment at Spinners Mews that would usually cost £85,000 can be purchased for an initial outlay of just £63,750.

Perfect for first time home owners and others on a budget, these contemporary apartments feature a lounge and kitchen area and include a single parking space.

Spinners Mews is perfectly situated just two miles away from Oldham town centre and six miles from the bright light of Manchester – both offering a wealth of amenities, shopping and nightlife. Residents can also take advantage of the motorway network, with both the M62 and M60 being within easy reach, making it a perfect pad for commuters.

Chadderton itself offers everything you need for everyday living including a sports centre.

Frequent rail services from Oldham run into Manchester Victoria station in around 20 minutes, and Manchester Airport is just under 20 miles away.

For more information on Spinners Mews, log on to Redrow.co.uk.