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Invest in your future with a home of your own in Chorley

26th January 2011 Print
A street scene of new Redrow homes at Sandhurst Gardens, Chorley

With increasing demand in the rental market, now could be the time to step onto the property ladder and buy a home of your own in Chorley.

And with the help of the Government-backed HomeBuy Direct scheme, homeownership could be more affordable than you realised.

Lesley Myers, area sales manager for Redrow Homes (Lancashire), commented: “According to the Association of Residential Letting Agents demand for rental properties is outstripping supply, which is likely to lead to rises in rents. With that in mind it may be time to think about investing in your future and buying a home of your own instead of lining your landlord’s pockets with your hard-earned cash.

“In Chorley we have a choice of properties available with HomeBuy Direct, enabling first time buyers and other eligible customers to purchase their own home for a fraction of the price. But with limited funding for the scheme available, potential purchasers should act fast to avoid disappointment.”

The valuable assistance is available on selected Redrow properties at Sandhurst Gardens, just half a mile from Chorley town centre, as well as the Cedar Walk phase of nearby Buckshaw Village, and could shave tens of thousands of pounds of the initial purchase price.

Open to first time buyers, families in need of extra space and those who are starting over after a change of circumstances, HomeBuy Direct enables eligible customers to take out an equity loan for up to 30% of the cost of selected properties. Jointly funded by Redrow and the Homes and Communities Agency, the loan is interest-free for the first five years and can be repaid when the customer has more funds available or they come to resell.

It means those with a household income of less than £60,000 could be catapulted onto the property ladder and buy a one-bedroom apartment at Cedar Walk for an initial outlay of just £62,997.

At Sandhurst Gardens a three-bedroom ‘Kennilworth’ style property, on the market at £167,995 is available for an initial outlay of just £117,597 with HomeBuy Direct.

“Getting a foot on the property ladder can seem complicated and even daunting and to help customers understand how HomeBuy Direct works we’ve produced an easy to follow video guide to the scheme, which can be viewed via our award-winning online television channel Redrow.TV,” Lesley explained.

“The channel also includes virtual tours of show homes from across the country and footage of our customers talking about how our friendly, experienced team of sales consultants made buying their dream home simple and straight forward.”

To find out how HomeBuy Direct could help you buy the home of your dreams at an affordable price, visit your nearest Redrow development, or log on to:

More Photos - Click to Enlarge

A street scene of new Redrow homes at Sandhurst Gardens, Chorley