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Two-thirds sold at Castle View

FIRST-TIME buyers in Staffordshire are urged to "be quick or risk missing out" on our fast-selling shared ownership homes at Castle View, Doxey.

A ninth customer deposit means that two-thirds of the 14 part-buy part-rent houses on the outskirts of Stafford are now reserved.

That leaves just five homes up for grabs − and, with two-bed prices starting from £31,250* and deposits as low as £1,563*, Bromford Homes Head of Sales (North) Alan Bradley forecasts it won't be long before they're snapped up too.

His advice to local first-time buyers? "Be quick or risk missing out on what must be one of the best chances for local first-time buyers to make their home ownership dream come true," says Alan.

"Affordability is a key issue for so many of these aspiring homeowners and, with most lenders requiring fairly large deposits for traditional outright sales, Help to Buy shared ownership really is a great way for people to get into the home-buying market.

"Buyers clearly agree − judging by the fantastic uptake since we launched this development at the start of March. We sold a third of these two and three-bed houses within a few weeks and now that's gone up to two-thirds sold.

"It must rate as one of our fastest-selling shared ownership developments so far and we've got every reason to believe that the trend will continue. With these really affordable upfront prices and monthly costs coming out cheaper than private renting it really does pay to go with shared ownership if you're unable to buy on the open market."

Castle View

Of the five remaining houses, four are three-bed homes, with prices starting from £35,000** and deposits starting from £1,750**, and just one is a two-bed.

Great prices are matched by great location and great build quality, says Alan. He describes the Castle View development − midway between Stafford and the M6 −  as "an ideal place for singletons, couples and young families to make their home owning dream come true".

The high-quality homes combine cottage-style exteriors with a modern living look inside − with the smart kitchens adding extra "wow" for first-time buyers − and Doxey is a family-friendly village on the west side of Stafford with a good choice of schools and great connections for commuters.

* £31,250 is a minimum 25% share of a two-bed house with a full value of £125,000 and the deposit, based on a 95% mortgage, would be £1,563. A minimum 25% share of a three-bed house costing £140,000 is £35,000. A 25% share of a three-bed house with a full asking price of £140,000 is £35,000 and the deposit would be as low as £1,750.

To find out more about Castle View and Help to Buy shared ownership call 0845 60 10 878. You can register your interest and follow us on Twitter @BromfordHomes

27 April 2013