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Festive season heralds big move for buyers

CHRISTMAS will be a bit special this year for the first wave of buyers at our popular Middlemore Heights development in Daventry.

Aspiring homeowners reserved all 15 two and three-bed shared ownership houses within a few months of the showhome opening.

Now the first homes are finished and eight buyers hope to see their property ownership dream come true in time for them to celebrate the festive season at Middlemore Heights.

Bromford Homes Head of Sales Alan Bradley promises customers that his sales and marketing team will pull out all the stops in an effort to make sure that everything goes according to plan.

"It's a truly magical time of the year and we know all know there's nothing like opening your Christmas presents and celebrating the Big Day in your own home with close family and friends," says Alan.

"Customers who are scheduled to complete at Middlemore Heights − and our other shared ownership developments across central England − will be our top priority in these last few weeks before Christmas.

"Getting the keys to a new home that you can call your own is one of the best Christmas presents you could ever have and we wish all of these buyers a very Happy Christmas and New Year."

Dunchurch

Middlemore Heights (pictured above) is just one example of shared ownership success in Northamptonshire, with buyers snapping up all the affordable homes at Roman View and Tove Grange, near Towcester, and Middleton Chase, Middleton Cheney.

We've also got more shared ownership homes coming  at Church Fields, Bugbrooke, near Northampton, and at Countess Manor, Moulton, on the north side of the county town.

"Northamptonshire is like many places these days. Property prices are relatively high − and getting higher − while average incomes are relatively low," says Alan.

"This makes it very difficult for first-time buyers and other people who can't afford to buy on the open market. Our part-buy, part-rent scheme − also known as shared ownership − can make all the difference, with purchase prices that can be as little as £68,000 for a typical 40% share of a two-bed home in a sought-after rural location like Bugbrooke (pictured below) and deposits that could be just £3,400*.

"That's why people across Northamptonshire − and the rest of central England − keep saying such an enthusiastic yes to shared ownership."

Bugbrooke 6

With shared ownership, you buy between 25% and 75% of your new home and pay low rent on the remaining share. How much you buy depends on your financial circumstances, with 40% being a typical share.

* £68,000 would buy a typical 45% share of a two-bed house with a full market value of £170,000. A minimum deposit of £3,400 assumes a 95% mortgage on that typical share.

To find out more about shared ownership and local developments, call 0845 60 10878 or register your interest online. You can also keep in touch by following us on Twitter or Facebook.

06 December 2013