Redrow helps first time buyers in Fife

First-time buyers in Dunfermline are being offered a helping hand into a home of their own – thanks to a Redrow scheme that allows purchasers to defer part of the payment for 10 years.

Redrow Homes is offering buyers the chance to secure a stylish new apartment at Middlebank Rise for only £95,996 - 20% less than the £119,995 asking price. They can pay the outstanding balance when they have more funds available or when they come to resell.

The developer’s ‘easi:buy’ scheme means that customers only have to apply for a mortgage which represents 80% of the full value of the property, which should give them access to much better mortgage interest rates without the need for a large cash deposit.

Never has such a scheme been more valuable, with recent research suggesting that getting on the housing ladder in Scotland is harder than anywhere else in the UK, according to housing charity Shelter.

Shelter revealed that it is now 75% tougher to get a mortgage in Scotland than it was 15 years ago. In calling for long-term affordable housing, the charity said that the need to put down hefty deposits meant it was hard to get on to the housing ladder, despite low interest rates.*

Mary McHutchison, sales manager for Redrow Homes (Scotland), said: “Our ‘easi:buy’ scheme is a great way for first time buyers, who would otherwise be priced out of the property market, to invest in their future and a home of their own. Monthly mortgage repayments can even work out cheaper than paying rent and there is a tangible asset to show for it at the end of the day.”

The two-bedroom ‘Argal’ apartment at Middlebank Rise features a spacious lounge, contemporary kitchen, en-suite to the master bedroom, fitted wardrobes and lots of additional storage space.

Situated off Aberdour Road in Dunfermline’s popular Eastern Expansion area, Middlebank Rise is a short drive from Dunfermline town centre. It’s also within easy reach of the Fife countryside and coastal area, while Dunfermline and Inverkeithing railway stations offer access to Edinburgh city centre within 40 minutes.

Family homes from Redrow’s New Heritage Collection are also now available at Middlebank Rise. It is the first location in Scotland to feature the new designs that combine traditional exteriors with modern, stylish interiors.

For more information about the properties available, visit Middlebank Rise, open daily between 10am and 5.30pm and chat to Redrow’s friendly and experienced sales advisors.

* http://scotland.shelter.org.uk/