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Festive opening for Colliers Green showhome

CHRISTMAS is coming a bit early at Colliers Green with a festive showhome opening − and local residents are welcome to come along.

Yes, we're rolling out the welcome mat for visitors at Ransome Road New Arley, near Coventry, on Saturday December 7.  It's a fun, friendly and informal chance for them to sample a few mince pies as well as the delights of affordable home ownership.

We'll also announce the winner of a yummy hamper offered to everyone who entered in a special Bromford Homes prize draw by pre-registering for the open day.

With Christmas just a few weeks away, Bromford Homes Head of Sales Alan Bradley couldn't resist pulling these edible treats out of the sales and marketing goodies sack.

"We're delighted that the showhome will be finished and kitted out by one of the leading names in property interior design, Claude Hooper, in time for us to open before Christmas," says Alan.

"We wanted to give local people the chance to get first look at this stylish showhome and to find out how little it can cost to have one just like it. In fact, we've got TWO great ways for first-time buyers to make their property dream come true here at Colliers Green (pictured below) − shared ownership and equity loan."

The Cowley 425 x 305

With shared ownership, you buy between between 25% and 75% of your new Bromford home − the amount depends on what you can afford − and pay low rent on the remaining share. In the case of Colliers Green, it costs as little as £55,125* for a typical 45% share of a two-bed house or £61,650** for a three-bed Cowley.

The second option, HelpUbuy equity loan, allows you to buy your new Bromford home for just 80% of its purchase price − in the case of Colliers Green, around £98,000*** for a two-bed home with a full market value of £122,500. You simply pay 5% deposit which in this example is 5% of £98,000 − plus the monthly mortgage payments on what you borrow − and no interest on the other 20% for up to five years and no rent either.

"Both are really affordable options for would-be buyers who feel locked out of the property market and are probably renting from private landlords − part of what's now known as Generation Rent − or living at home with their folks," says Alan.

"Crucially for most first-time buyers, the deposits in both cases are much cheaper than if you buy outright − as little as £2,757* for 45% shared ownership and as low as £4,900*** for the equity loan scheme. The fact that we are marketing both options means we can sit down together with customers, discuss the various pros and cons and reach a decision on the best route for each buyer."

To find out more about Colliers Green, shared ownership and equity loan, call 0845 60 10878 or register your interest online. You can also keep in touch by following us on Twitter or Facebook.

* With shared ownership, £55,125 would buy a typical 45% share of a two-bed house with a full market value of £122,500. A minimum deposit of £2,757 assumes a 95% mortgage on that typical share. ** £61,650 would buy a typical 45% share of a three-bed Cowley house with a full market value of £137,000. A minimum deposit would be £3,083, assuming a 95% mortgage on that typical share.

*** With HelpUbuy equity loan, you could pay £98,000 for a two-bed home with a full market value of £122,500. A 5% deposit on the share you buy would be £4,900.

28 November 2013