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Early birds flock to Larks Rise

EARLY BIRD buyers are grabbing the chance to get on the property ladder at our newly-launched Larks Rise development.

Twenty-five eager homehunters have already applied for Bromford shared ownership houses at the high-profile New Century Park in Coventry, where you can buy a two-bed home for as little as £30,875*.

The surge of early interest prompts a call from Bromford Homes Head of Sales (North) Alan Bradley. He encourages other first-time buyers to be quick or risk missing out if they want their pick of the plots off Brindle Avenue.

"This is a rare opportunity for local first-time buyers to get on the property ladder at a price they can afford here in the heart of Coventry," says Alan.

"We've got 43 two and three-bedroom homes that are being built here as part of the high-profile redevelopment of New Century Park.

"The level of interest is unusually strong, with many serious enquiries even before the first home is finished or our sales centre is open.

"This reflects the fact that we've got a great location and that, with Homebuy shared ownership, first-time buyers can realise their dream of home ownership here for a fraction of what it costs to buy a similar home outright."

He urges local homehunters to register their interest and find out more about Lark Rise and HomeBuy shared ownership by talking to a sales consultant on 0845 60 10 878. You can also keep track by following us on Twitter @BromfordHomes

Sales centre to open in April

The Larks Rise sales centre is set to open in April and the first shared ownership homes − being built by our development partners Barratt West Midlands and David Wilson Mercia − are scheduled for completion from the end of March.

Full prices for the first release start at £123,500 for a two-bedroom house and £147,500 for a three-bed house.

"Affordability is a key issue for so many first-time buyers and, with many lenders requiring fairly large deposits, shared ownership really is a great way for people to get into the home-buying market," says Alan.

"With shared ownership, you buy between 25% and 75% of your home and pay rent on the remaining share. It's as simple as that.

"It means you can get on the housing ladder at Larks Rise for as little as £30,875*, with deposits starting from £1,544 for a two-bed house, or £36,875** for a three-bed house, with a deposit of as low as £1,850.

"We do everything we can to make sure that the deal is truly affordable − whether you are buying the minimum amount or anything up to the 75 per cent maximum."

* £30,875 represents a minimum 25% share of a two-bed house costing £123,500 and a £1,544 deposit is based on a 95% mortgage.

** £36,875 represents a minimum 25% share of a three-bed house costing £147,500 and a £1,850 deposit is based on a 95% mortgage.

11 February 2013