SmartNewHomes

With house prices showing steady monthly increases, now could be the time to invest in a brand new home.

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  • And with easi:buy from Redrow Homes, you can defer payment on up to 25 per cent of the purchase price on selected homes at Debut @ Dol Gorwel in North Cornelly.

    Rachael Davies, area sales manager for Redrow's south Wales division, said: "Debut @ Dol Gorwel is the perfect place to make your first step onto the property ladder, and with easi:buy purchasers can enjoy all of the benefits of a well-designed, quality built and efficient-to-run Redrow home, for three quarters of the price."

    One of the major advantages of easi:buy is that purchasers only have to apply for a mortgage which represents 75 per cent of the full value of the property, hopefully giving them access to some of the best interest rates around. Buyers will receive a 10 year interest free loan from Redrow for the remainder and shouldn't have to find a large deposit.

    "It's the ideal solution for first time buyers who would otherwise have been priced out of the property market and is also open to those who simply want to defer paying part of the cost of their new home until they have funds available," Davies said.

    "easi:buy customers own their property 100 per cent from day one but are only financing three quarters of the purchase price, so they should get a much better choice of value for money mortgage deals."

    A selection of one and two bedroom homes are currently available at Debut @ Dol Gorwel, priced from £58,000 to £92,000.

    The deferred payment element of easi:buy means that a one bedroom single storey D2 style home could be yours for an initial outlay of just £43,875, while those who need that extra bit of space can snap up a two bedroom two storey D5 home with study for £69,000.

    "Over the latter half of 2009, two of Britain's leading lenders, Halifax and Nationwide both reported consecutive month on month house price rises, and if the trend continues those who invest in a new home now could see the value increase even before they move in," Davies added.

    easi:buy is subject to terms and conditions and the deferred element is paid back at market value at the time of payment, which could go down as well as up.

    "The Debut concept means buying and running your own home couldn't be simpler," said Davies.

    "Not only can you defer part of the cost, a single monthly service charge means buyers investing in Debut @ Dol Gorwel don't have to worry about budgeting. There are no surprise bills as the cost of heating, hot water and even window cleaning are included in the fee."

    Private gardens have been replaced with contemporary shared outdoor space looked after by Redrow's own management company.

    Close to Bridgend and Porthcawl, Debut @ Dol Gorwel is set on the doorstep of Kenfig nature reserve and the south Wales beaches. Midway between Cardiff and Swansea, it boasts easy access to the M4.

    Some information contained herein may have changed since it was first published. SmartNewHomes strongly advises you to seek current legal and/or financial advice from a qualified professional. 

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