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Chorley buyers spread their wings with HomeBuy Direct

18th March 2010 Print

Chorley home buyers can spread out in a spacious new home that’s reasonably priced thanks to a government-backed help scheme currently available at Buckshaw Village.

Many buyers have already used HomeBuy Direct to make the move and join the thriving community of Buckshaw Village. The money saving scheme gives eligible buyers access to an equity loan for up to 30% of the purchase price, which is interest free for the first five years.

It is currently available on a wide range of homes at ‘Park Avenue’, one of the individual phases that make up Buckshaw Village.

Properties available with HomeBuy Direct include the three-bedroom Farnell townhouse, which is available from just £126,000 if utilising the 30% equity loan, and the three-bedroom, two-storey Eastry, which can be called home from as little as £127,400.

With its flexible living space spread over three floors, including a master-suite tucked away on the second floor, the Farnell would make the perfect home for a family. Parents wanting some peace away from the rest of the house or even older children wanting their own space can happily inhabit the top floor, whilst the open plan living area on the ground floor provides plenty of opportunity for catching up.

Meanwhile the impressive double fronted Eastry is suited to the lifestyles of young professionals and those who enjoy entertaining, with open-plan dining and kitchen area and separate Lounge which runs from the front to the back of the property.

Lesley Myers, area sales manager for Redrow Homes (Lancashire), 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.

Lesley 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 to own a larger home.

“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 Buckshaw Village more appealing.”

Buckshaw Village is a joint venture, successfully delivering over 2,000 quality-built homes and creating a thriving community between the bustling towns of Chorley and Leyland.

Along with the new homes, there is a successful business park and proposals for a district shopping centre, provision for a new railway station with park and ride facilities, a primary school, health centre and outdoor sports amenities.

HomeBuy Direct is also available at Hallwood Gardens, at Gillibrands Park, Chorley, where 3-bedroom homes within walking distance of the town centre can be bought from as little as £105000 with a 30% equity loan.

For more information about making the move to Buckshaw Village, visit: