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Super Saturday launch for Larks Rise showhome

FIRST-TIME buyers in Coventry can now see and feel what it looks like for their home-owning dream to come true − with the official opening of our Larks Rise shared ownership showhome and on-site sales centre.

The big day comes on Saturday June 15 when we roll out the three-bed showhome welcome mat at Brindle Avenue − just a few miles from the heart of Coventry − from 10am to 5pm.

There to greet you − and explain how one of our part buy-part rent homes at Larks Rise could be that could be yours for as little as £30,625* − will be Sales Consultant Kris Russell.

His Super Saturday comes as Larks Rise shared ownership sales soar past the halfway mark, with 21 of the 39 two and three-bed homes snapped up by first-time buyers and others who can't afford to buy on the open market.

Kris urges aspiring homebuyers to come along next weekend and see for themselves why Larks Rise is proving so popular  − and so does Bromford Homes Head of Sales Alan Bradley.

Larks Rise Coventry

"It's going to be a great day for first-time buyers because it gives them a chance to see a finished house for themselves and get a real sense of what it would be like for their home-buying dream to come true," says Alan.

"Our friends at Claude Hooper − one of the leading names for interior property design − have done a great job creating a contemporary look with all the carpets, curtains and furniture that I'm sure will appeal to many of our customers.

"We're sure the quality, look and feel of the houses and the development as a whole will appeal to visitors − and, of course, shared ownership makes owning one of these great homes truly affordable.
 
"Instead of buying outright, you buy between 25% and 75% − depending on how much you can afford - and pay low rent on the remaining share. It really is as simple as that − and the fact that more than half the homes have already been snapped up shows that first-time buyers agree."

He points to the two-bed terraced houses at Larks Rise which can be bought 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 are only slightly higher − starting at £36,875** for a minimum 25% share and a deposit that could be as little as £1,844**.

Those prices are making a real difference for would-be buyers, according to Sales Consultant Kris. "We've had an amazing response from first-time buyers − and some of them can't wait to see inside a finished home and have a good look around," he says.

"At the same time, of course, affordability is a key issue for so many of the first-time buyers I speak to and you can see from our figures that shared ownership is a truly affordable way to get on to the property ladder. Many people simply can't afford the fairly large deposits that most lenders now require − with typical figures that run into tens of thousands. With shared ownership, typical initial costs are much lower and so are total monthly costs."

His message to would-be buyers in and around Coventry?

"It's a real shame that so many first-time buyers feel like they will never be able to afford that first step on to the property ladder. If that sounds like you and you're keen to see one of these great houses after it has been turned into a home, then please come and meet us next weekend − especially if you want your pick of the remaining plots."

Lark Rise showhome will also be open on Saturday and Sunday, June 15 and 16. Normal opening hours after June 15 will be 10am-5pm from Thursday to Monday. Coventry homehunters can register for updates 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.

* £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% mortgage. 
** £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% mortgage

07 June 2013