The affordable way to buy an apartment in Oldham
Buying an apartment in Oldham could work out cheaper than renting one thanks to a scheme designed to make home ownership more affordable.
HomeBuy Direct is still available at Spinners Mews in Chadderton, offering first time buyers the chance to save almost a third off the initial purchase price of a brand new Redrow apartment.
It means that instead of wasting their hard earned cash on rent, those who aspire to owning a home of their own could find they are able to get a foot on the property ladder soon than they expected.
Lesley Myers, area sales manager for Redrow Homes (Lancashire), commented: “The affordable price of the apartments at Spinners Mews means they’re an attractive prospect for first time buyers, particularly as new research by the Halifax suggests that the cost of buying a two-bedroom apartment is cheaper than renting one.
“And with HomeBuy Direct still available, those who act now could boost their buying power by taking out an equity loan for 30% of the price. They could even find that savings of around £4,000 are enough to secure a brand new home.”
Apartments at Spinners Mews are available from just £72,995 or an initial outlay of as little as £51,096 with HomeBuy Direct.
The balance comes in the shape of an equity loan jointly funded by Redrow and the government. Crucially the loan is interest free for the first five years and can be repaid when the customer has more funds available or when they come to resell.
“Spinners Mews is one of a diminishing number of developments where HomeBuy Direct is still on offer. With just 10 apartments yet to be sold and limited funding available under the scheme, time really is of the essence for those who want to snap up a stylish new home at a price they can afford,” Lesley added.
Like all new Redrow homes, the apartments boast a high specification including quality kitchens and sleek modern bathrooms. Well insulated, with double glazing and central heating included as standard they’re easy to manage and efficient to run.
Only a short distance from Oldham town centre, residents of Spinners Mews can enjoy a wealth of amenities close at hand. The development also benefits from easy access to Manchester and Rochdale, making it an ideal base for commuters.
To be in with a chance of purchasing one of the final apartments at Spinners Mews, visit the sales office in Fields New Road, open Thursday to Monday from 10am to 5.30pm.
For more information, visit redrow.co.uk.
