Low-cost bite of The Pippins for first-time buyers
First-time buyers in Staffordshire are being offered a really
affordable chance to get on to the property ladder with Bromford
Homes shared ownership prices that start at £30,500.
That would be enough to buy a minimum 25 per cent share of a
£122,000 two-bed house at The Pippins, Rugeley - and the deposit
could be as little as £1,525*.
Would-be homeowners can buy up to 75 per cent and pay rent on
their remaining share at this commuter-friendly development, which
also includes three-bedroom homes.
All seven Bromford Homes properties - four three-bed
houses and three two-beds - are great value for money and,
according to Alan Bradley, Head of Sales for
Bromford Homes, are ideal in every way for local first-time
He urges would-be homeowners to see the houses for themselves
this weekend when the new show home opens from 10am to 5pm each
day. It's open every week after that from Thursday to Monday.
"These homes are just right for young people who want to buy
their own home but cannot the five or ten per cent deposit and the
mortgage repayments needed to buy outright," said Alan.
"With Bromford Homes HomeBuy, the deposit could be as little as
£1,525* and the combined mortgage and rent payments will usually be
much lower than for outright sale.
"Shared ownership is still one of the property world's best-kept
secrets. With many lenders requiring fairly large deposits, it's a
great way for people to get into the home-buying market.
"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.
"When buyers come to us, we go through their finances with them
and work out what they can really afford. At the end of the day,
buyers get a brand new energy-efficient home built for ease of
maintenance at a really affordable price.
"What's more, our price includes a lot of features that buyers
might have to pay for as extras elsewhere. Things like turfed front
and back gardens, full screen fencing, and quality kitchens with
built in oven hob and extractor."
Another plus for would-be buyers includes The Pippins' great
location - close to Rugeley town centre, with easy access to nearby
Lichfield and Cannock Chase, an area of outstanding natural
Buyers can get more information at Bromford Homes on
* The minimum £1,525 deposit is based on a customer borrowing 95
per cent of a 25 per cent share on a two-bed house costing
£122,000. That 25 per cent share would cost £30,500. A 10 per cent
deposit on the same share would cost just over £3,000.
18 July 2012