An ‘easi’ way to a new home in Launceston

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

Home owners will still own 100% of their brand new Redrow home at Stourscombe Vale from day one, but could 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. And to widen the choice for prospective purchasers even further, Redrow has just released a new phase of two and three bedroom properties at Stourscombe Vale in addition to the four-bedroom homes on sale.

The major plus point to easi:buy 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.

Hannah Newnes, 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.

Situated just outside the historic town of Launceston and surrounded by the rolling Cornish countryside, Stourscombe Vale is close to a variety of excellent schools for all ages, plus amenities such as shops, restaurants, doctors, dentists, a library and a retail park.

Through Redrow’s easi:buy scheme, prices for a two-bedroom Calder home start from an initial outlay of just £104,996, with 25% of the cost deferred.

Easi:buy is also available on three and four-bedroom homes, which start from an initial outlay of £152,996, with 15% of the cost deferred.

To find out more visit Stourscombe Vale, off Bluebell Way, in Launceston, or log on to Redrow.co.uk.