Opening doors for Telford’s first-time buyers

THE DREAM of home ownership can come true for first-time buyers who join us for a special Bromford Homes open day at The Willows in Muxton, Telford, this weekend.

We're rolling out the welcome mat from 10am to 4pm on Saturday (August 10) for would-be homeowners who can't afford to buy on the open market and want to quiz us about our flexible and affordable part-buy offer.

The drop-in day offers a friendly, informal way to explore our three-bed demonstration home and to find out how you can get onto the property ladder here, off Marshbrook Way, for as little as £33,125* and a deposit that could be as little at £1,657*.

That's enough to buy a minimum 25% share of a two-bed Woodhall home and you can buy a 25% share of the three-bed Minton (pictured below) for as little as £38,750**, with a deposit as low as £1,938**.

Bromford Homes Head of Sales Alan Bradley urges first-time buyers to be quick if they don't want to miss out on the last two shared ownership homes. "We've got just half a dozen part-buy homes here at The Willows and four of them have already been snapped up. That leaves just two opportunities for first-time buyers who want to get onto the property ladder for as little as £33,125*," says Alan.

"Prices like this make all the difference for first-time buyers who can't afford the huge deposits and monthly payments that come with buying on the open market − especially in a popular area like Telford where property prices are relatively high and average earnings struggle to keep up."

How does shared ownership work? Instead of buying outright, you buy between 25% and 75% of your new Bromford home − the amount depends on what you can afford − and pay low rent on the remaining share.

"We're delighted that the first four shared ownership homes at The Willows have been snapped up − and, judging by the really positive response we've had from other first-time buyers, it surely won't be long before we see more reservations," says Alan. "My message to other would-be homebuyers in Telford is to join us on Saturday and find out how you too can make your dream come true."

Want to know more about The Willows and shared ownership? Call 0845 60 10 878 or register for updates. You can also follow us on Twitter or Facebook.
 
* £33,125 buys a 25% share of a two-bed home with a total asking price of £132,500 and a deposit could be as little as £1,657 based on a 95% mortgage. ** £38,750 buys 25% of the total £155,00 asking price for a three-bed home and the deposit would be £1,938 based on a 95% mortgage.