Wolves winner as buyer scores first home
IT WAS a winning weekend for one homebuyer − and for our
game-changing Alders development a short walk from the landmark
Molineux Stadium in Wolverhampton.
Saturday saw the first customer pick his spot at The
Alders and "put one in the back of the net" − in other
words, reserve one of only four three-bed shared ownership
The first-time buyer was one of several visitors who braved the
snow and ice to see how Bromford's HomeBuy shared
ownership deal can get homehunters on to the property ladder
for as little as £30,625*.
Bromford Homes Head of Sales Alan Bradley said: "It's a great
result − especially for the buyer, who was able to take their
pick of the plots we've got here at The Alders.
"They're great houses, it's a great location − especially
if you happen to be a Wolves fan who enjoys going to home games! −
and the prices are great too.
"Many people think they can't afford to own their home −
but shared ownership means you can get on to the property ladder
for a fraction of what it costs to buy outright. In most cases,
it's actually cheaper than renting."
Bank of Mum and Dad
Sales Consulant Harj Bahia was there at Gatis Street on January
19 to welcome his new "signing" and to explain how, with HomeBuy,
you can buy a home for so little.
"With shared ownership, you buy between 25 and 75% of a new home
and pay rent on the remaining share. It's as simple as that," says
"It means you don't have to save tens of thousands for a deposit
or borrow that amount from the Bank of Mum of Dad. In fact, someone
buying, say, a minimum 25% share of a three-bed home and taking out
a 95% mortgage could pay as little as £1,532* deposit.
"It's a real game-changer for anyone who thought the dream of home
ownership was out of their reach or might have to save for ten
years before they had the kind of deposit that lenders now require
for a traditional outright sale."
Home of your dreams
His closing message to other would-be buyers? "Hurry up or you
could miss out on the home of your dreams. We've only got three
plots left − and when they're gone, they're gone."
22 January 2013
* This example is based on a property price of £122,500. A minimum
25 per cent share would cost £30,625 and a five per cent deposit on
that would be £1,532.
Find out more by calling us on 0845 60 10
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