Final apartments now on view at Loves Farm
Apartments nearing completion can now be viewed at Redrow’s contemporary Loves Farm, development near St Neots, where just six apartments remain for sale.
The impressive final building is now at a stage where is can be seen by potential purchasers so they can imagine how they could make the living space their own. Buyers can then choose their preferred position within the small block, with homes ready to move into early next year.
As an added incentive all apartments can be purchased through the Government-backed FirstBuy scheme, which gives people with only a small deposit a helping hand to buy a home. It provides would-be home owners with an equity loan for up to 20% of the purchase price but allows buyers to own their entire home from day one.
All two-bedroom designs, the high specification apartments occupy a great location in the development, within walking distance of the nearby train station, which links commuters to London by direct train in under an hour.
Through FirstBuy, the properties can potentially be purchased with only a 4% deposit* and an initial outlay of just £99,160 (full price £123,950). As an added bonus, home owners who buy through FirstBuy could find themselves paying much less for their mortgage every month.
Tonia Tyler, area sales manager for Redrow Homes (South Midlands), explains: “These apartments are an attractive prospect for first time buyers, investors and even downsizers. They have a streamlined contemporary facade and inside they are equally impressive with sleek kitchens and bathrooms and high quality fixtures and fittings.
“FirstBuy presents a great opportunity for first time buyers to get a foothold on the property ladder. Making buying possible for many who thought the credit squeeze had priced them out of the market; it means our two-bedroom apartments at Loves Farm even better value for money. The initially interest free loan is jointly funded by us, the developer, and the Government. It means customers can experience the joy of owning 100% of their first home but pay a smaller deposit and have lower monthly mortgage repayments.”
Purchasers could qualify for the FirstBuy scheme if they are a first time buyer, or want to return to home ownership, and their household earnings are less that £60,000 a year.
With some mortgage products, a deposit of 4% of the property price could be all they’ll need and the loan can be paid back when they have more funds available or come to sell.
“It’s perfect for those on lower incomes now who expect their salaries to rise over time,” Tonia added.
Nearby, St Neots town centre offers many shops, restaurants and entertainment venues, as well as the main attractions of the Great River Ouse and Riverside Park. The location is ideal for commuters as they’re close to the local train station with direct trains to London in under an hour and good road links to the A1, M1 and M11, with Bedford and Cambridge only about 25 minutes’ drive away.
Availability of FirstBuy is limited so, to find out more, visit redrow.co.uk.
*Initial outlay is the sum of a 4% deposit and a 76% mortgage. The 76% mortgage is currently only available through Halifax. Other mortgages are available from other lenders. All are subject to terms and conditions.
