Last five homes at Lark Rise - including showhome
FIRST-TIME buyers have just a few more more chances to get on
the property ladder at our fast-selling Larks Rise development in
Coventry − and they're encouraged to be quick or risk missing
Our part-buy, part-rent deal is so popular with young buyers
that we've sold most of the 39 houses in four months, leaving just
one two-bed home for as little as £30,625* and four three-bed
houses, including our stylish showhome.
You can buy a three-bed home for as little as £36,875** through
part-buy − also known as shared
ownership − and a deposit that could be as low as £1,844.
The showhome could be yours − including carpets, curtains,
light fittings and pictures − for an additional payment of
"Figures like that really help to explain why nearly all of the
39 shared ownership homes here have been snapped up in a matter of
months," explains Bromford Homes Head of Sales Alan Bradley. "It's
one of our fastest-selling developments and we're confident that
the last five homes will go very quickly as well so my advice to
other first-time buyers is: Be quick or you could miss
"What's more, if you reserve a home now you could be moving in by
mid September as the homes are now finished − and we won't
have any more to sell until next year. We're not surprised that so
many aspiring homeowners are saying such a big YES to part-buy and
seeing their dreams come true. Coventry and Warwickshire is like
many places these days − property prices are often fairly high
and incomes relatively low for ordinary working people."
Alan points to first-time buyers like Matt McIntyre and Clare
McLaughlin (pictured below), who were able to "leave the family
nests" and set up home together at Larks Rise, thanks to our truly
affordable Help to Buy shared ownership deal.
They've been happily settled in for several months − and
recommend shared ownership to other first-time buyers at a time
when the latest Rightmove survey highlights that that the desire to
own a home is as strong as ever.
With shared ownership, you buy between 25% and 75% of your new
Bromford home and pay low rent on the remaining share. The share
depends on your household income but a typical amount is around
"That means your deposit is much lower than it would be with
outright sale," explains Alan. "And it's not just the initial
outlay that's cheaper with part buy-part rent − the total
monthly costs are typically lower too than if buying outright or
renting from a private landlord. It's no wonder then that so many
first-time buyers from Coventry − and the rest of central
England − are saying yes to shared ownership."
You can find out more about shared ownership and
any of the Bromford Homes developments by calling us on
0845 60 10 878 − or by visiting the new Larks
Rise showhome, which is open Thursday to Monday, 10am-5pm.
14 August 2013
* £30,625 would buy a minimum 25% share of a two-bed house with a
full market value of £122,500. A minimum deposit of £1,532 assumes
a 95% mortgage on that minimum share.
** £36,875 would buy a minimum 25% share of a three-bed house with
a full market value of £147,500. A minimum deposit of £1,844
assumes a 95% mortgage on that minimum share.