Last chance to buy into Rugby’s part-buy dream
RUGBY'S first-time buyers have just one chance left to say "yes"
to our great part-buy deal at Oaklands − and get on to the property
ladder for as little as £33,750*.
That's enough to secure a minimum 25% share of the remaining
two-bed Sanderling house with a deposit that could be as low as
It's affordable prices like this that have made it possible for
aspiring buyers to snap up eight of the nine homes that make up the
first release at Oaklands and transform their ownership dreams into
Now the clock is ticking and Bromford Homes Head of Sales Alan
Bradley is confident that it won't be long before the last
first-release house − built for us by premier developer David
Wilson Homes − is reserved as well.
He urges would-be buyers to be quick or risk missing out. "Our
great part-buy deal really does make the difference in a popular
place like Rugby where buying a new home on the open market is
beyond the reach of many first-time buyers," says Alan.
"Instead of buying outright, you buy between 25% and 75% of your
new Bromford home and pay low rent on the remaining share. It
really is as simple as that. The amount you buy depends on how much
you can afford to pay but a typical amount is around 40% − and
even then we're talking about a purchase price of say £54,000** and
a deposit that could be as little as £2,700**.
"Compare that with what you might be asked to pay on the open
market and you can see why shared ownership has turned out to be
the truly affordable solution for our eight Oaklands homebuyers and
many, many more across the rest of central England.
"You really can't buy better than with Bromford shared
ownership. At the end of the day, you get a traditional-looking
energy-efficient home built by David Wilson Homes with smart,
contemporary kitchens and bathrooms for less each month than they
would typically pay a private landlord or to buy outright."
Alan's last word offers hope for first-time buyers who miss out
on the last first-release home. "For those unlucky enough not to be
snap up this last plot or who are maybe not planning to move right
now, the good news is that we'll have more part-buy houses here
over the next two years − a total of 50 in all," he says. "So
my advice is to make sure you register your interest with us to get
first choice of the next releases."
Want to know more about Oaklands and shared ownership? Call 0845 60
10 878 or register for updates. You can also
follow us on Twitter or on Facebook.
03 July 2013
* £33,750 buys a 25% share of a two-bed home with a total asking
price of £135,000 and a deposit could be as little as £1,688
based on a 95% mortgage. ** £54,000 buys 40% of that two-bed home
and the deposit would be £2,700 based on a 95% mortgage.