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All gone at The Farthings

TELFORD'S first-time buyers are voting with their feet − and their savings − in favour of Bromford Homes.

A final reservation completes our sell-out success at The Farthings, Ketley, where we've built 17 high-quality affordable homes for sale through HomeBuy shared ownership.

The fact that they've all been snapped up highlights the strong demand for Bromford's part buy-part rent deal, says Head of Sales Alan Bradley, at a time when many first-time buyers are struggling to get on to the property ladder.

Now that all The Farthings homes are sold or reserved, he urges local homebuyers to take a look at the last few remaining homes at two other Bromford Homes developments in Telford:

FALCONS REST, Doseley, where you can buy the one remaining three-bed house for as little as £35,625*

THE WILLOWS, Muxton, where we've got two three-bed houses selling for as little as £38,750**

Don't miss out on great deal

Alan's advice to local homebuyers is this: "Move quickly or risk missing out on a great shared ownership deal.

"These Telford homes are ideal for those who want to enjoy the benefits of home ownership but don't have the hefty deposit needed to buy outright.

"Affordability is a key issue for so many first-time buyers. So we do everything we can to make sure that the deal is truly affordable for them − whether they are buying a 25 per cent share or anything up to the 75 per cent maximum."

With Bromford Homes HomeBuy, the deposit for a three-bed Minton home at The Willows could be as little as £1,938** for someone buying a minimum 25% share and borrowing 95% from a building society or bank.

Sharing secrets of shared ownership

"Compare that figure of just under £2,000 with the £15,550 you would have to pay if you were buying a similar house outright with a 90 per cent mortgage and you see why shared ownership makes such sense," says Alan.

"Shared ownership is still one of the property world's best-kept secrets. With many lenders requiring fairly large deposits, it's a great way for people to get into the home-buying market."

*A £1,782 deposit figure is based on a five per cent deposit for a customer buying a 25% share of a three-bed house with a full asking price of £142,500. Buyers pay rent on the share they don't buy.
**£38,750 is the minimum 25% share for a three-bed home with a full asking price of £155,000. Buyers pay rent on the share they don't buy.

To find out more about our great homes in Telford, call 0845 60 10 878. Follow us on Twitter @BromfordHomes

04 February 2013