Open day for Brum first-time buyers
FIRST-TIME BUYERS are being offered a warm welcome at the
weekend − and a chance to find out how shared ownership can
unlock the home of their dreams for as little as £30,000*.
The offer comes with an invitation to attend our special open
day to promote The Beeches in Northfield, south
Birmingham, where 12 top-quality part buy-part rent homes are
Would-be buyers are being offered the chance to sit down with a
Bromford Homes sales consultant at Connells estate agents,
158 High Street, Harborne, on Saturday (May 11) and get
expert answers to all their questions about shared ownership and
opportunities to buy at The Beeches. They can also quiz an
independent mortgage advisor about any home loan-related
Bromford Homes Head of Sales (North) Alan Bradley urges would-be
buyers to come along. "If you want to get on the property ladder in
south Birmingham, there's no better place and no better way," he
tells first-time buyers and other people who can't afford to buy on
the open market.
"Shared ownership is probably the most affordable way for buyers
to realise their dream of home ownership − and yet in many ways
it's one of the property world's best-kept secrets.
"That's why we decided to hold this special open day. We'll be
there with a warm welcome to explain how shared ownership
works and how easily it can unlock the door to the home of your
dreams for the same or even less than it costs to rent
Would-be buyers can just turn up on the day or can book an
appointment on 0845 60 10 878 so they don't miss
out on the chance to meet the experts. "We'll be there from 10am
until 4pm and really look forward to meeting anyone from Birmingham
who wants to come along and find out more about how truly
affordable it is to get a great new home," says Alan.
Prices start from as little as £30,000* for a two-bed Frankley
semi with a deposit that could be as low as £1,500* − and
£34,875** is the starting price for a three-bed Bartley home with
deposits starting at £1,744**. The other three-bed style,
Merecroft, costs slightly more, with prices starting from
Room sizes are exceptional for a new-build, says Sales
Consultant Harj Bahia, who will welcome would-be buyers in Harborne
High Street on Saturday. Another plus point he highlights is the
one-way drive that wraps around The Beeches site on two sides, so
that the homes and parking spaces are set back from the street.
"With completion scheduled for the summer, it's a prime
opportunity for first-time buyers to get on the property ladder
through Bromford's part buy-part rent scheme," says
"Instead of buying outright, you buy between 25% and
75% of a great new Bromford home and pay low rent on the remaining
share. It really is as simple as that.
"It's a great way for first-time buyers to get on the property
ladder − especially anyone who thinks they are stuck in
private rented housing or will have to save for years to raise the
kind of deposit that lenders demand for outright sale.
"All in all, it adds up to an exceptional package − and my
advice to any local first-time buyers is to make the most of our
open day, ask all the questions you want and make sure you don't
miss out on this great opportunity to make your home ownership
dream come true."
* This example is based on a property price of £120,000. A 25%
share would cost £30,000 and a 5% deposit on that would be £1,500.
** Based on a property price of £139,500. A 25% share would cost
£34,875 and a 5% deposit on that would be £1,744.
represents a 25% share of a three-bed terraced house with a full
value of £145,00. A deposit figure of £1,813 assumes the buyer has
a 95% mortgage.
06 May 2013