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Redrow unveils easi-buy scheme in Rochdale

Redrow claims to have thrown a "much-needed lifeline" to first time buyers in Rochdale in the guise of its new easi-buy scheme.

A number of apartments at its Naden Mill and Church Gate developments can be purchased for an initial outlay of 25 per cent less than the usual price.

The easi-buy incentive means that a two-bedroom apartment that would normally cost £124,995 can currently be bought for £93,750, with the outstanding amount postponed for up to ten years.

Sales director Christine Aitken said: "Not only will the customer legally own 100 per cent of the property from the outset they will not have to pay rent on the deferred element."

Redrow is unveiling a fully furnished show apartment at each development this weekend (July 12th and 13th).

According to the Land Registry, the average house price in Rochdale increased by 4.1 per cent in the 12 months to May, bringing the cost of a home in the borough to £122,049.
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08/07/2008