Own your own home in Oldham for less than £60,000

Time is running out for first time buyers hoping to snap up a stylish, affordable apartment in Oldham.

Redrow’s Spinners Mews development in Chadderton is nearing a sell-out with just five apartments yet to be sold.

The already competitive prices are even more affordable as the award-winning housebuilder is offering customers the chance to defer paying up to 20% of the purchase price with its ‘easi:buy’ scheme.

It means a one-bedroom apartment available to buy on the open market at £72,995 can be snapped up for an initial outlay of just £58,396.

Lesley Myers, area sales manager for Redrow Homes (Lancashire), commented: “Spinners Mews has been a popular choice with first time buyers looking for an affordable home that’s easy to manage and efficient to run. Now that we have such limited availability those who long for a home of their own may fear they will have to miss out if they haven’t already saved a large cash deposit, but they could find that are able to step on to the property ladder with savings of around £3,000.”

With ‘easi:buy’, customers with £2,920 in savings may only need to secure a mortgage of £55,761 to purchase a one-bedroom apartment at Spinners Mews.

They can defer paying the remaining £14,599 of the full market value of the property for up to 10 years or until they have more funds available.

“One of the advantages for ‘easi:buy’ customers is that because they only need a mortgage for a maximum of 85% of the property’s value they should have access to some of the better mortgage interest rates; usually reserved for those with large deposits or substantial equity in an existing home,” Lesley added.

“And while buying a home may seem daunting, particularly if it’s your first, our friendly experienced sales team are here to help. They will guide customers through the home buying process, making it as simple and straight forward as possible. We’ve even produced an easy to follow video guide to explain how ‘easi:buy’ works,” Lesley commented.

Spinners Mews is just a short distance from Oldham town centre, which means its residents 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.

For more information, visit redrow.co.uk.