Fortuna sales hit 70 mark
SHARED ownership sales have hit a new milestone mark at our
landmark Fortuna development in Cirencester.
We've just handed over the keys to our 70th buyer − and, with
another four homes reserved, the sales success story looks set to
It's a cause of celebration for Bromford Homes Head of Sales
(South) Trish Foster − and the trigger for a timely warning to
other local homebuyers who want to get on to the property ladder in
this sought-after part of Gloucestershire.
Be quick or miss out
Her message to first-time buyers: "Be quick or you could miss
out on the chance to buy one of these great homes at truly
affordable prices − just like the 70 buyers who've already achieved
their home-owning dream through HomeBuy shared
"We've still got a great choice of homes for sale but, now that
Fortuna is 75% sold, we've got to say that the clock is ticking. In
other words, when they're gone, they're gone. Now's the time to
find out about Fortuna and how HomeBuy can make your home ownership
dream come true."
Her encouragement for first-time buyers comes at a time when the
house market is gathering strength. The number of mortgages agreed
by lenders has risen for the fifth month in a row and the trend is
forecast to continue.
Good news for buyers
"It's good news for buyers generally," says Trish, pointing to
the latest Bank of England figures which show that the level of
home loans is at its highest since December 2009.
"That said, it's still a tough market for first-time buyers.
Lenders generally demand big deposits for traditional outright
sales and that's where shared ownership can really make the
"You buy between 25% and 75% of the home and pay rent on the
rest. In the case of Fortuna, that means you can buy a three-bed
house for as little as £57,500 − and a deposit that could be as low
"It's no wonder then that shared ownership has made the difference
for many first-time buyers in the Cotswold area − and we look
forward to handing over many more sets of keys this year."
Our Fortuna showhome − off the roundabout where the A429 meets
the Bristol Road and the A419 in Cirencester − is open from
Thursday to Monday 11am to 4pm. To find out more call 01285
* The minimum £57,500 price is based on a customer buying 25 per
cent of a three-bed house costing £230,000. The deposit, based on a
customer borrowing 95 per cent, would be £2,875.
Follow us on Twitter @BromfordHomes
31 January 2013