The Farthings adds up to great first-time buyer deal
Aspiring home-owners in Telford are changing up - thanks to the
great part buy-part rent deals we're offering at The Farthings.
Our flexible HomeBuy shared ownership scheme means that local
people can take their first step on the property ladder for as
little as £29,375.
That's the asking price for a 25 per cent share of a two-bed
house at Ketley - and, most importantly for many first-time buyers
- the deposit would be just £2,938 but could be as low as
Affordability is a key issue for so many first-time buyers, says
Bromford Homes Sales Consultant Harj Bahia, and The Farthings has
all that they are looking for.
"The numbers tell the story. We've already sold 12 of the 17
homes we have for sale and that leaves just five homes waiting to
be snapped up," said Harj.
"These homes are ideal for first-time buyers who want to leave
behind the uncertainties of renting and enjoy the benefits of home
ownership but don't have the five or ten per cent deposit needed to
With Bromford Homes HomeBuy, the deposit for a two-bed Crown or
Sterling-style home could be as little as £1,469*. The development
also includes three and four-bed homes, so there is something to
suit every buyer, every pocket.
"Compare that figure of just under £1,500 with the £11,750 you
would have to pay if you were buying outright with a 90 per cent
mortgage and you see why it makes such sense," said Harj.
"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 traditionally-built, 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."
Of the remaining five Bromford Homes properties, there is just
one four-bed house, two three-beds and two two-beds.
The location - off the Holyhead Road at Ketley - is good for
local commuting and from a family point of view. A family-run pub,
post office and shops are all nearby.
Telford town centre is easily reached by bus or by car. Head the
other way and you can drive to Shrewsbury in about 15 minutes.
*The £1,469 deposit figure is based on a five per cent
deposit for a purchaser buying a 25 per cent share of a two-bed
house with a full asking price of £117,500. Our sales consultant
will put you in touch with a highly experienced Independent
Financial Advisor who will give you full details.
The Farthings show home is open from Thursday to Friday, 10am to
5pm. To find out more, call 0845 6010878.
13 July 2012