Unlocking dreams as Larks Rise buyers move in
ALMOST a third of our part-buy homes at Larks
Rise, Coventry, have been handed over to buyers − and
another four customers are set to collect their keys before the end
That will bring the total number of Help to Buy shared ownership completions to 16,
with another 17 homes reserved − mostly by first-time
buyers − and just six houses still up for grabs for as little
As a result, Larks Rise is being hailed as one of our
fastest-selling developments and "concrete proof that shared
ownership is meeting a huge need for frustrated first-time buyers"
and other people who can't afford to buy on the open market.
That's how Bromford Homes Head of Sales Alan Bradley sums it up
after a whirlwind four months since the two and three-bedroom
part-buy homes were launched with a city centre open day in March.
"It's great to see the home-owning dream come true for so many
first-time buyers − people like Matt and Clare,
who've come forward since moving in at Larks Rise to tell us that
shared ownership made all the difference and recommend it without
hesitation,'" he says.
"We know how hard it can be for customers like them to get on the
property ladder and seeing them collect the keys to a new Bromford
home is one of the most satisfying parts of our job.
"Shared ownership really does make it affordable to get that first
foot on the property ladder and the fact that we've already sold 33
of the 39 part-buy homes being built here at Coventry is concrete
proof that shared ownership meets a huge need for frustrated
first-time buyers at prices they can afford."
Alan points to the one remaining two-bed terraced houses at Larks
Rise which can be bought through Help to Buy shared ownership for
as little as £30,625* if you're a buyer that qualifies for a
minimum 25% share − with a deposit that could be as low as
£1,532*. Prices for a three-bed house like the showhome (pictured
below) are only slightly higher − starting at £36,875** for a
minimum 25% share and a deposit that could be as little as
17 July 2013
"With shared ownership, you buy between 25% and 75% of your home
and pay low rent on the remaining share. It's as simple as that,"
says Alan. "The initial costs are so much more affordable for
people who can't afford to buy their first home on the open
market − and so are the monthly
* £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%
** £36,875 represents a minimum 25% share of a three-bed
house costing £147,500 and a £1,844 deposit is based on a 95%
Coventry and Warwickshire homehunters can register their interest
and find out more about Larks Rise and Help to Buy shared ownership by talking to a sales
consultant on 0845 60 10 878. You can also keep
track by following us on Twitter @BromfordHomes and Facebook