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Shared ownership sales bonanza at East Park

SHARED ownership is no longer the "best-kept secret of the property world" around Wolverhampton's East Park.

Bromford Homes property expert Alan Bradley says the secret is out - thanks to a shared ownership sales bonanza that saw all part rent-part buy homes at The Newlands claimed by buyers in little more than three months.

The first sale was completed just over a month after the homes were handed over by the builder and the last two buyers completed on Friday (October 12).

"HomeBuy shared ownership is there to help people who can't otherwise afford to buy on the open market by making it possible for them to get that vital first step on the property ladder," says Alan, Head of Sales for Bromford Homes.

"It's been doing a great job for a number of years now and yet it doesn't get the publicity or prominence that it deserves , which is why some of us think of it as the best-kept secret of the property world.

"Well, it looks like the secret is out - at least among the buyers in and around East Park, who've snapped up all nine homes here at The Newlands in something like record time."

His enthusiasm for HomeBuy shared ownership - plus the quality of Bromford homes and Bromford customer service - is shared by delighted buyers Sharon and Richard Osborn, who moved in at East Park with teenage son Joshua several weeks ago.

"We've ended up getting a better home than we dreamed of and we've got it for around half the price - plus our monthly low rent, of course. HomeBuy shared ownership is a great way of getting on to the property ladder," enthuses Sharon.

"We ended up buying a 55 per cent share and only had to find around £3,500 in deposit… we heard about shared ownership but didn't think we would be eligible. We were so pleased when we were told that we could qualify - and that we could get one of these beautiful bungalows here at East Park."

Husband Richard, a civil servant, says: "We filled in the application and it all fell into place so quickly after that… it makes such a difference knowing that we've got as real stake in the property."

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16 October 2012