Redrow says “Why rent when you can buy?” in St Neots

Buying your own home offers freedom, security and the chance to capitalise on your investment. And with interest rates relatively stable and house prices falling, now could be the best time to do so.

That's the view of Daniel Mumford, director of Northampton-based financial advisers Grange Mortgages, who can provide mortgage advice to customers at Redrow's popular Loves Farm development in St Neots, Cambridgeshire.

Add to that the new research from independent financial news and comparison website, EveryInvestor.co.uk, predicting rental costs may rise sharply in the next two years, and you have a clear indication of why now is a good time to buy.

Daniel said: "Renting is effectively dead money. But if you buy you get to benefit from any appreciation on the property.

"Also, when you buy you get enormous freedom, being able to decorate and add your own personal touches."

Echoing Daniel's views, Mary Timlin, sales director for Redrow Homes (South Midlands), said: "Tenants are throwing away money month after month on something they do not legally own.

"Most agree owning a home of your own is preferable but many believe they will never be able to afford it. But with a range of reasonably priced homes available at Loves Farm, former tenants can have something to show for their money."

So for those forking out rent to live in somebody else's house, but dreaming of a stylish home of their own, Redrow @ Loves Farm would be ideal.

Closely situated to St Neots town centre, the contemporary development boasts excellent road and rail links.

Nearby Bedford and Cambridge are only 25 minutes away while a train to London from St Neots station will take around an hour.

The prosperous market town of St Neots has many shops, restaurants and entertainment venues, including a cinema. Undoubtedly the town's main attractions are the Great River Ouse and Riverside Park, but the Priory Centre is also a hotbed of entertainment with attractions such as comedians, plays, sporting events and an annual folk festival.

Also making buying a lucrative choice is the help and incentives that developers can often provide. As part of its ‘re:assure' package at Loves Farm, Redrow offers a choice of incentives on selected plots, which could include a 5% deposit or help to pay the mortgage for up to two years.

Prices for a two-bedroom apartment start at just £139,995 and a spacious four-bedroom home can be snapped up from £259,995.

To find your perfect home at Redrow @ Loves Farm, head down to the development on Cambridge Road in St Neots. Alternatively, log onto Redrow.co.uk.