It’s close to the centre of Worcester, has a wonderfully equipped kitchen and was made 20% more affordable thanks to Help to Buy.
The Warwick-style home at Redrow’s Earls Park / Kings Park venture ticked every box on the wish list for Andy and Cassy, who had previously been renting a two-bedroom property in Droitwich.
“We had been saving for a deposit for three or four years but had dipped into that pot of money for various reasons. When house prices started to rise it gave us the motivation to start looking seriously,” Andy explains.
“We had a specific idea of what we wanted when it came to buying a home of our own. It had to be a detached house with three bedrooms, within our price range and close to Worcester for work.”
The answer came in the shape of Redrow’s three-bedroom Warwick and business analyst Andy, 28, and Cassy, 27, a purchase ledger clerk, quickly realised that a Help to Buy equity loan would be the key to owning their ideal home.
“Help to Buy made it sensible to buy a brand new home because the equity loan reduces the purchase price by 20% – meaning we only needed a 5% deposit and 75% mortgage. The equity loan is interest free for five years and can be paid back when we have more funds available,” Andy adds.
“It made a real difference and without it we would have been looking to buy an older house which, although potentially, cheaper would have needed lots of work to bring it up to scratch.”
Buying a brand new home also meant the couple were able to enjoy the fun of customising its interior rather than having to live with a previous owner’s tastes.
“When we reserved the house the roof had just been fitted and while it was being built we were able to choose the finish of things like the kitchen, bathroom and en-suite. It meant it really felt like our own home from the outset as we weren’t inheriting someone else’s décor,” Andy says.
“We’ve got a lovely kitchen that’s well equipped with everything we need – oven, hob, microwave and fridge freezer. The specification is spot on and it meant we could move in as soon as the house was finished.”
The remaining homes at Redrow’s Earl’s Park and Kings Park developments offer a choice of four and five-bedroom accommodation. The good news is that Help to Buy can be used on all new homes up to £600,000 so isn’t just for first time buyers like Andy and Cassy.
For example a five-bedroom, three-bathroom detached Cheltenham style usually costing £399,995 could be snapped up for an initial outlay of £319,996 with a 20% Help to Buy equity loan.
“We would definitely recommend Redrow as the homes are very high quality and the level of customer care made buying our first home really easy. They kept us up to date and answered any queries we had. It was pretty much stress free and it was great not having to worry about being the final link in a housing chain that was reliant on other people buying and selling their properties as planned,” Andy says.
Situated off Bromyard Road, Redrow’s new homes are two miles from the centre of Worcester – a distance Andy enjoys walking to work in around 30 minutes.
For information about the homes and the help available, visit the Kings Park sales centre and showhome open daily from 10am to 5.30pm. Alternatively, call 01905 312623 or see www.redrow.co.uk/kings.