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Last part-buy home left at Northants village

FIRST-TIME buyers have one last chance to snap up a shared ownership home at the largest village in south Northamptonshire − Middleton Cheney, near Banbury.

You can get on the property ladder at our Middleton Chase development for as little as £53,750* if you buy a minimum 25% share of the remaining three-bed home − and the deposit could be as low as £2,688.

Bromford Homes Head of Sales North Alan Bradley urges first-time buyers to be quick or miss out on what he describes as rare opportunity to get on to the property ladder in this sought-after corner of the county.

"Northamptonshire is like many places these days − property prices are often fairly high and incomes relatively low for ordinary working people," says Alan.

"This is especially true of attractive, thriving, sought-after rural places like Middleton Cheney (pictured below) in the south of the county, where it's especially difficult for first-time buyers to get on to the property ladder through the open market.

midd73

"We know from research published by the Council of Mortgage Lenders that people still aspire to own their own home − and shared ownership can make that dream come true at prices that people can afford.

"It's a truly affordable solution for people who can't afford to buy on the open market − and that includes a growing number of people who, before the credit crunch, would probably have been able to buy a first home the traditional way. People who can have a combined household income of up to £60,000 and still qualify for part-buy."

With shared ownership, you buy between 25% and 75% of a great new home and pay low rent on the remaining share.

"It's as simple as that. This makes the initial outlay much lower and we know − thanks to recent research − that the typical monthly costs are also cheaper than buying on the open market or renting from a private landlord," says Alan. "You really can't do better if you're a first-time buyer who wants to get on the property ladder here in on the rural border between Northamptonshire and Oxfordshire."

To find out more about shared ownership and Middleton Chase, call 0845 60 10 878 and talk to one of our experts. You can also register for updates or follow us on Twitter and Facebook.

* £53,750 would buy a minimum 25% share of a thee-bed house with a full market value of £215,000. A deposit of £2,688 assumes a 95% mortgage on that minimum share.

18 July 2013