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Buyers claim first five homes at Larks Rise

FIVE holding reservations in one day! That was the end result of our Saturday home sales bonanza in Coventry as shared ownership buyers snapped up the chance to buy off-plan homes at newly-launched Larks Rise.

It was a sensational start for part-buy part-rent sales at this high-profile partnership development − and for Sales Consultant Kristian Russell, who's just rejoined Bromford Homes.

"Fantastic" was the word he used to describe the enthusiasm of local homebuyers who met him for back-to-back appointments at the city centre offices of leading estate agents Your Move.

"We've had an amazing level of positive interest about Larks Rise and it's great to see the first five people − mostly first-time buyers − putting down a holding deposit to claim the plots they want before they've even had a chance to see an actual home," says Kristian.

"Larks Rise has got it all − high-quality homes built by Barratt and David Wilson Homes, a great location close to the heart of Coventry and, of course, a truly affordable way to get on to the property ladder through HomeBuy shared ownership.

"Where else can you buy a great two-bed home with a location like this for as little as £30,625*?"

Sales centre to open in April

The Larks Rise sales centre is set to open in April and the first shared ownership homes are scheduled for completion from the end of March.

In the meantime, Bromford Homes Head of Sales (North) Alan Bradley urges other first-time buyers to be quick or risk missing out if they want their pick of the plots at New Century Park.

"Kristian is absolutely right. This is a rare opportunity for local first-time buyers to realise their home ownership dream at a price they can afford here in the heart of Coventry," says Alan.

"The level of interest is unusually strong, with so many serious enquiries and holding reservations even before the first home is finished or our sales centre is open, and we're sure to sign-up up more holding reservations soon.

"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. You buy between 25% and 75% of your home and pay rent on the remaining share. It's as simple as that.

Get on housing ladder for £30,625

"It means you can get on the housing ladder at Larks Rise for as little as £30,625*, with deposits starting from £1,532 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."

* £30,625 represents a minimum 25% share of a two-bed house costing £122,500 and a £1,532 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.

Coventry homehunters can 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

26 February 2013