Help for first time buyers in Oldham

WOULD-BE home owners in the Oldham area should act now to take advantage of a Government-backed scheme

HomeBuy Direct has helped dozens of people step onto the property ladder at Redrow’s Spinners Mews venture in Chadderton. But with limited funds available under the scheme those who want to take advantage of the valuable help should act fast to avoid disappointment.
 

Lesley Myers, area sales manager for Redrow Homes (Lancashire), commented: “HomeBuy Direct is designed to help make homeownership more affordable with the offer of an equity loan for up to 30% of the purchase price of selected properties. It offers a lifeline for those who would otherwise be priced out of the property market and could be the difference between a lifetime of renting and owning your own home.”
 

Prices at Spinners Mews start from just £70,000 for a one-bedroom apartment; with two-bedroom apartments available from £85,000. Using the equity loan customers could find themselves catapulted onto the property ladder for an initial outlay of just £49,000. They can pay the outstanding balance when they have more funds available or when they come to resell and the loan is interest free for five years.
 

“Young people starting out in life may think they like the idea of buying an older property and renovating it themselves, but often don’t realise how much hard work and expense is involved,” Lesley explained.
 

“For example, if you were to buy an older three-bedroom property you could spend almost £7,000 just fitting a new kitchen complete with appliances. Alternatively, you could buy an apartment that already benefits from a fashionable kitchen with the convenience of integrated top brand name appliances, plus bathroom suites with quality fixtures and fittings and an exclusive tile range. What’s more you won’t be inheriting the previous owner’s decor but will be able to put your own stamp on the apartment from day one, choosing everything including the kitchen units and bathroom tiles.”
 

As well as saving time and money, those who buy a brand new home will also be able to enjoy the peace of mind offered by a 10-year ‘Buildmark’ warranty.
 

Residents of Spinners Mews will find their daily needs well catered for in Chadderton, where there’s a good choice of shops, bars and restaurant. Excellent commuter links by road and rail mean that Oldham, Rochdale and Manchester are all easily accessible.
 

To find out how HomeBuy Direct could help you buy the home of your dreams at a price you can afford, visit Spinners Mews and speak to the friendly team of experienced sales staff. Or for more information, call 0845 676 0376 or log onto ww.redrow.co.uk/developments/spinners-mews.
 

A short video guide to HomeBuy Direct can be viewed online at http://tv.redrow.co.uk/help-to-buy/north-west-and-north-wales/homebuy-direct.
 

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