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How part-buy can unlock Lichfield city living

SHARED ownership can open the door to a Bromford home in the heart of historic Lichfield − and the start of a new chapter of your life that allows you to enjoy the best of city living.

That's the message from Bromford Homes Head of Sales Alan Bradley to people who want to live in a prime part of this historic cathedral city but can't afford to buy on the open market. Now's the time to make that home ownership dream come true, he adds, because you can buy a two-bed apartment at Greyfriars House for as little as £37,500* through shared ownership.

Qualifying homehunters can buy between 25% and 75% of their new Queen Street home − instead of buying outright − and pay low rent on the remaining share. An affordability formula decides how big a share they buy, with a typical amount being around 45%.

Three of the part-buy apartments have been snapped up, leaving just three on the market − and Alan believes they're ideal for older people who don't already own their home as well as traditional first-time buyers.

"Lichfield has a special appeal of its own − combining a rich heritage with all the shops, bars, cafes and places to go that make it such a great place to live," says Alan.

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"Greyfriars House couldn't be better placed to help you make the most of all this city has to offer. It's only a short walk from the high street and the cathedral (above) precinct and you've got a beautiful park almost on your doorstep," says Alan. "Each of our Queen Street apartments comes with allocated parking, although you could easily manage without a car and, of course, you've also got a railway station within walking distance."

The apartments (below) are built to a high quality with easy maintenance in mind and many built-in features that would normally come as extras elsewhere. "It all adds up to a great package - and a great lifestyle that we know appeals to older people as well as traditional first-time buyers," says Alan.

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"You could be someone who finds yourself on your own in a large rented house and still nurtures the dream of home ownership or maybe you once lived in Lichfield and want to move back. You probably think it's too late to realise that dream and believe owning your own home in Lichfield is beyond your reach. Well, the good news is that shared ownership offer can make the dream become a reality."

* £37,500 is a 25% share of a two-bed apartment with a full asking price of £150,000. A 5% deposit on that share would be £1,875. A 45% share on a two-bed apartment with a full asking price of £150,000 is £67,500 and a 5% deposit on that share would be £3,375.

To find out more about Greyfriars House and shared ownership call 0845 60 10 878. You can also register for updates and follow us on Twitter or Facebook.

22 June 2013