An extension of the FirstBuy scheme means even more people could find they are able to buy a brand new home in the Chorley area.
FirstBuy is a Government-backed incentive which cuts the initial cost of owning a brand new home by 20 per cent. The coalition Government has committed an additional £280m of funding for the scheme, extending it until March 2014.
First time buyers in Chorley will be among those to benefit, as Redrow has secured funding under the scheme at Sandhurst Gardens in Piling Lane and The Village Green phase of Buckshaw Village.
Claire Jarvis, sales director for Redrow Homes (Lancashire) said: “FirstBuy has been incredibly popular with our customers, including those in Chorley, who may have otherwise have found it difficult to buy a home of their own.
“We’re delighted to have secured the extra funding and extension to March 2014 as it will help a great deal more people take that vital first step on to the property ladder.”
Between them, Sandhurst Gardens and The Village Green offer a good choice of properties ranging from one-bedroom apartments to four-bedroom detached family homes.
Current prices start from £65,000 and with FirstBuy customers could reduce their initial outlay by a fifth.
For example, a three-bedroom home, usually costing £174,995:
Can be bought for an initial outlay of £139,996
With a five per cent deposit of as little as £10,500
The outstanding balance is covered by an equity loan, jointly funded by Redrow and the Homes and Communities Agency.
The loan is interest free for five years and can be repaid when the home owner has more funds available.
To be eligible for FirstBuy customers must have an annual household income of less than £60,000 and be first-time buyers or returning to the housing market after a change of circumstances. To find out how FirstBuy could help you move to a brand new home, visit the sales office and show homes at Sandhurst Gardens in Piling Lane, Chorley, or The Village Green at Buckshaw Village.
For more information about the homes at Sandhurst Gardens call 01257 369 093 or log on to www.redrow.co.uk/sandhurst.
For the latest availability and pricing at The Village Green, call 01772 930354 or see www.redrow.co.uk/village.