Save and Build brings homeowner dream in reach
BROMFORD Homes are offering Birmingham homebuyers a great chance
to reserve the home of their dreams and save for their
deposit while the house is being built.
The Save and Build deal is being offered at
Beeches in Northfield, where Bromford's award-winning
construction team is building a dozen high-quality houses for
Building won't finish until the start of summer 2013 but Save and
Build means would-be buyers can reserve the home they want right
now − even if they don't have the deposit.
According to Bromford Homes Head of Sales (North) Alan Bradley,
Save and Build and HomeBuy shared ownership are ideal for
"Save and Build is our latest way to buy − one that allows you to
save for a deposit while your new Bromford home is being built,"
"It's a really great way for first-time buyers to make that
property-owning dream come true through HomeBuy shared
"All you have to do is choose and secure a plot of your choice.
Then you put away as much money as you can for, say, six months
until you have the deposit you've agreed.
"We understand how difficult it is for first-time buyers to get
their foot on the property ladder and HomeBuy shared ownership can
make that dream come true. Add the Save and Build offer and you've
got a real win-win deal."
Alan points to an example − the two-bed Frankley semi which is
on sale through HomeBuy for as little as £30,000*.
"The deposit on that home could be as low as £1,500*. So, if a
buyer can save around £250 a month between now and summer then
they've hit their saving target," says Alan.
Prices for a two-bed end-of-terrace Farley home at The Beeches are
slightly higher, starting from £33,125. A three-bed terraced
Merecroft home is on sale at a starting price of £36,250** with
deposits as low as £1,813, and prices for a three-bed Bartley house
start from £34,875.
Alan believes the family-friendly location in south Birmingham
and fair pricing mean that homes at The Beeches will prove popular
and urges local first-time buyers to act quickly if they want to
reserve a particular plot.
With HomeBuy, customers purchase between 25% and 75% of their
new home and pay a low rent on the remaining share. "We do
everything we can to make sure that the deal is truly affordable
for buyers − whether they are buying a 25 per cent share or
anything up to the 75 per cent maximum," says Alan.
To find out more about buying at The Beeches call 0845
60 10 878. Follow us on Twitter @BromfordHomes
* This example is based on a property price of £120,000. A 25
per cent share would cost £30,000 and a five per cent deposit on
that would be £1,500.
** £36,250 represents a 25 per cent share of
a three-bed terraced house with a full value of £145,00. A deposit
figure of £1,813 assumes the buyer has a 95 per cent mortgage.
07 December 2012