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Snap up an affordable home in Doncaster now - and save more

31st August 2011 Print
Redrow homes

Cash strapped first time buyers don’t need to wait until the Government’s new FirstBuy initiative kicks in; they can snap up a new home now in Doncaster using an incentive that could save them even more money upfront.

HomeBuy Direct is still available on selected plots at Redrow’s Danum St Giles venture in Scawthorpe. The valuable help allows them to take out an equity loan for up to 30% of the purchase price, unlike the 20% that will be offered by FirstBuy.

Patsy Aicken, sales director for Redrow Homes (Yorkshire), explained: “HomeBuy Direct is available now but would-be homeowners only have until December to take advantage of the incentive.

“HomeBuy Direct could actually provide consumers with a better deal than the new initiative as it saves them more upfront. So those thinking about waiting for FirstBuy could actually be better off if they act now and buy a brand new home at Danum St Giles.”

With the offer of an equity loan for up to 30% of the purchase price, jointly funded by Redrow and the Homes & Communities Agency, eligible purchasers can initially save almost a third off the price of one of these brand new homes. 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.

With HomeBuy Direct a two-bedroom ‘Evesham’ style home at Danum St Giles, usually costing £122,999 can be snapped up for an initial outlay of £86,099 – that’s more than £36,000 below the asking price.

“HomeBuy Direct isn’t just for young first time buyers, it’s also available to those starting over after a relationship break-up and possibly even families who can prove they need extra space,” Patsy added.

“It could be the difference between resigning yourself to a lifetime of renting or stepping onto the property ladder with a home of your own.

“Customers who take advantage of HomeBuy Direct should only need a relatively small deposit and to apply for a mortgage with a maximum loan-to-value of 70%. This will generally give them access to much improved mortgage interest rates.”

Whether you’re starting out or starting over, Redrow’s experienced sales team and HomeBuy agent will guide you through the application process and make everything as simple and straight-forward as possible.

To take advantage of HomeBuy Direct your annual household income must be less than £60,000.

For more information about HomeBuy Direct, log on to

To experience what life could be like at Danum St Giles, visit the show homes, open daily from 10am to 5.30pm.

More Photos - Click to Enlarge

Redrow homes