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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 £1,688*.

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 reality.

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**.

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"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.
* £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.

03 July 2013