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Lichfield demo home opens as 50% sold

WANT to live in the heart of leafy Lichfield − with shops, bars and restaurants only a few minutes walk away? Can't afford open market property prices?

Then don't miss out on the first opportunity to see our affordable apartments at Greyfriars House − and to get a taste of what Lichfield city living would be like.

Yes, we're opening our Queen Street demonstration home this Saturday (October 26) and you're all welcome to come along and find out how this slice of Lichfield city living can be yours for as little as £38,375*.

The secret is our popular part-buy, part-rent deal − also known as shared ownership − which means that instead of buying outright you buy between 25% and 75% of your new home and pay low rent on the remaining share.

How much you buy depends on what you can afford but a typical share is 40%, or £61,400 for a Greyfriars House apartment, and a 25% share is £38,375, with a deposit for that minimum amount that could be as little as £1,919*.

"It all adds up to a truly affordable way of getting onto the property ladder in a sought-after city like Lichfield - especially at a time one of the leading mortgage lenders has just highlighted a huge increase in average property prices," says Bromford Homes Head of Sales Alan Bradley.
 
"Deposits are much lower with shared ownership and the average monthly costs are proven to be cheaper than if you rent from a private landlord − and much more secure.
 
"That's why so many first-time buyers and other people who can't afford to buy on the open market − many of them stuck in what's become known as Generation Rent − are saying a big YES to shared ownership."
 
Three Greyfriars apartments have already been snapped up and Alan is confident that the other three will be reserved very soon after would-be buyers have had a chance to see the demo home.
 
"These are ideal city centre homes for first-time buyers or downsizers who've maybe been renting a biggish house and want to invest some of their savings in a home they can call their own," says Alan.

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"They're light and bright with lots of standard features − like fitted carpets, washing machine and oven with hob hood − that would probably come as extras elsewhere and they're energy-efficent so your utility bills will be kept to a minimum.
 
"Last but not least, they've got a brilliant central location − Lichfield Cathedral and Minster Pool are just around the corner, the Garrick Theatre is close by, Beacon Park is near at hand − and so are all the usual high street shops, bars and cafes. Who could ask for more?
 
"But please don't take my word for it. Why not come along to our demo home opening this Saturday and see for yourself − and find out how one of these fabulous apartments can be yours for much less than you probably think?"
 
All apartments are finished to a high specification that includes central heating, double glazing, fitted kitchens with oven, hob and extractor hood, bathroom with shower, fitted carpets and allocated parking.
 
The demonstration home off Queen Street is open on Saturday (October 26) from 10am to 4pm. To find out more about Greyfriars House and shared ownership, give Bromford Homes a call now on 0845 60 10878 or register your interest online. You can also keep in touch by following us on Twitter or Facebook.
 
* £38,375 will buy you a minimum 25% share of a two-bed apartment with a market value of £153,500 and your deposit could be as little as £1,919, based on a 95% mortgage. You can buy up to 75% − the actual amount reflects how much you can afford − and pay low rent on the remaining share plus competitive service charges.

24 October 2013