Last chance for Corby buyers to benefit from HomeBuy Direct

Corby buyers looking for a spacious, stylish property that’s affordable should act quickly to benefit from a government backed help scheme that’s been proving successful at Redrow’s Oakley Vale.

HomeBuy Direct could enable eligible buyers to reduce their initial outlay by almost a third by taking out an equity loan for up to 30% of the purchase price, which is interest free for the first five years.

This valuable incentive is currently being offered on a number of family homes at award-winning Redrow’s Oakley Vale development, which is situated in popular residential area of Corby which surrounded by acres of countryside courtesy of Rockingham Forest.

Jointly funded by Redrow and the Homes and Community Agency (HCA), HomeBuy Direct is not only suited to first time buyers but also growing families who can demonstrate a need for more space. However, they’ll need to act quickly at Oakley Vale as HomeBuy Direct is only available at this particular Redrow location until the end of March.

With a 30% equity loan through HomeBuy Direct, a four-bedroom Lea can be purchased from only £185, 750 whilst a five-bedroom Webburn is available for an initial outlay of just £253,750.

Pauline Turnbull, sales director for Redrow Homes (Midlands), says: “HomeBuy Direct is a good way for eligible purchasers to own a home at this popular development.

“They will own 100% of the property from day one but can put off paying up to 30% of the asking price until a time when they have more funds available. They can start purchasing the remaining share in instalments after just 12 months.”

HomeBuy Direct is open to people who have an annual household income less than £60,000, including first time buyers, those re-entering the property market following a change in circumstances, eg. divorce or the breakdown of a relationship and potentially families needing room to grow.

Pauline adds: “With Redrow matching the government pound for pound to provide the 30% equity loan, no need for a large cash deposit and the loan being interest free for the first five years, this is an excellent opportunity for people looking to spread their wings in a bigger home they have always wanted.

“The fact they potentially only need to borrow 70% of the purchase price should give our customers access to some of the better mortgage deals around and, with new homes easier to maintain, more energy efficient and potentially cheaper to run than older second hand properties, it all serves to make the new homes at Oakley Vale more appealing.”

Perfect for commuters, Redrow @ Oakley Vale offers easy access to the M1 and M6 as well as the A14, with links to the M1 and Cambridge. London is around one hour and 35 minutes away by train, while the main shopping areas of Milton Keynes and Northampton are both around half an hour’s drive from the development.

Corby itself offers a range of amenities such as shops and restaurants and just a few minutes from the town centre is beautiful woodland, with views across the Welland Valley and the surrounding countryside.

For more information visit the development, off Lyveden Way, Corby, Thursday to Monday, between 10am and 5.30pm. Alternatively, log on to redrow.co.uk/homebuydirect for more details.