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
**£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
To find out more about our great homes in Telford, call
0845 60 10 878. Follow us on Twitter
04 February 2013