New Homes: Hurry for the best buys

Only four of the new Redrow homes are still available in the sought-after Fylde village.

The four and five-bedroomed properties are ideal for those wanting to climb the housing ladder.

And this weekend Redrow is hosting a special event to explain the benefits of using part-exchange to help fund a move to Wrea Green. Julie Harper, Redrow Homes (Lancashire) area sales manager, says: “The limited availability at Wrea Green means those with a home of their own to sell may fear they’ve missed the chance to move to the popular village, when that isn’t necessarily the case.

“They could trade in their old home as part-payment for a brand new one and have the deal wrapped up in just a few days, avoiding hurdles such as buyers who change their mind, last minute haggles over price and complicated chains.” Inspired by the architecture of the Arts and Crafts era, the Redrow homes at Wrea Green look traditional from the outside and are in keeping with properties in the surrounding area.

Meanwhile, at the other end of the Fylde coast, Redrow is holding an open house event this weekend, enabling potential purchasers to look inside several finished homes, as well as the professionally-styled show homes at Harbour Village, Fleetwood.

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NewBuy scheme gives more chance of foot on housing ladder

The recent launch of the Government’s NewBuy scheme, which heralds the return of 95 per cent mortgages for buyers of new homes, is already attracting enormous interest, says housebuilder David Wilson Homes North West.

Interest in the scheme, which is available at the company’s Hawley Gardens development in Thornton, is being driven by the dramatically reduced deposit required to buy a new home.

This has provided creditworthy buyers the best opportunity for five years to get onto the housing ladder.

Steve Jackson, sales director at David Wilson Homes North West, said: “This is a significant change for the housing market in the North West and, as we are seeing substantial levels of interest, I would urge anyone interested to contact us as soon as possible. We are happy to explain how the new system works, and talk our customers through the reduced deposit requirements.

“We have set up a priority service especially for our buyers, using independent mortgage advisers who will ensure their inquiries receive a rapid response.”

The company is hailing the return of 95 per cent mortgages as a real boost for the local housing market and local economy.

Mr Jackson added: “We believe it will provide the necessary kick-start to the market which has been starved of mortgage finance in the past five years.

“There is an awful lot of pent–up demand. “People have been renting for three or four years, and many are a bit fed up that they are paying more in rent than if they had bought.

“The key thing is that people will no longer need huge deposits of up to 20 per cent.

“Even though house prices have fallen since 2007, not everyone has been able to take advantage because of the hefty deposits which lenders have been demanding ever since the credit crunch began.”