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
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
"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
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.
06 August 2013
* £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.