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Daventry open day offers key to buyer dreams

DAVENTRY'S first-time buyers are invited to join us and find out how they can make their dreams of home ownership come true at Middlemore Heights for as little as £32,488*.

The key to unlocking those dreams is our popular part-buy, part-rent deal − also known as shared ownership − and we're organising a special open day to help explain what it is and how it works.

The doors open at The Daventry Court Hotel, Sedgemoor Way, Daventry, on Saturday (September 14) for a free and friendly session where would-be buyers can put their questions to our sales consultant and an independent financial advisor.

Bromford Homes Head of Sales Alan Bradley urges aspiring homeowners to come along between 11am and 4pm − the postcode for your satnav is NN11 0SG − and find out more about what he describes as "one of the property world's best-kept secrets".

"Daventry and the surrounding area is like many places these days. Property prices are often fairly high and incomes relatively low for ordinary working people, who often end up as part of what's now commonly known as Generation Rent − renting from private landlords," says Alan.
"We know that younger people still aspire to own their own home and find it hard or impossible on the open market. Well, the good news is that shared ownership can make your home-owning dream come true and at prices that you can afford."

How does it work? Instead of buying outright, you buy between 25% and 75% of your new Bromford home and pay low rent on the remaining share.
"So, instead of paying the full market value, you could buy a minimum 25% share of a two-bed shared ownership home at Middlemore Heights for as little as £32,488 and pay a deposit that could be as low as £1,625*," explains Alan.
"How much you actually buy depends on what you can afford − the average is about 40%, which is still much, much more affordable than buying on the open market. Aspiring buyers might also be surprised to find out that the total monthly costs with shared ownership are typically lower than if buying outright or renting from a private landlord.

"It's no wonder then that so many first-time buyers in other parts of Northamptonshire have already said a big YES to shared ownership − and it might surprise you to find out that you can have a combined household income of up to £60,000 and still qualify for part-buy. It's a truly affordable solution for people who can't afford to buy on the open market."

Building work will soon finish on the first few two-bed homes (pictured above) off Hidcote Way on the northern edge of Daventry − so there's no better time than now, says Alan, to find out how the part-buy deal works and put down your £500 deposit. Three-bed houses are also being built for January completion, with prices starting from as little as £38,125**.

Middlemore Heights is a great location for commuters and young families, with a wide choice of local primary schools, shops and local leisure facilities. It's two miles from Daventry town centre and within easy driving distance of Rugby, Northampton or Leamington Spa. Long Buckby railway station is less than five miles away and from there you can get to Birmingham New Street in less than 50 minutes.

All homes come with a fully-fitted kitchen, oven, hob and extractor, downstairs cloakroom, fitted wardrobe to master bedroom, full gas-fired central heating, double glazing and high-performance insulation throughout. Allocated parking, turfed rear gardens and 10-year NHBC New Home warranty are also included.

To find out more about Middlemore Heights, shared ownership and our open day, call 0845 60 10 878 and talk to one of our experts. You can also register for updates or follow us on Twitter and Facebook.
* £32,488 would buy a minimum 25% share of a two-bed house with a full market value of £129,950. A deposit of £1,625 assumes a 95% mortgage on that minimum share. **£38,125 would buy a minimum 25% share of a three-bed house with a full market value of £152,000. A minimum deposit would be £1,907, assuming a 95% mortgage on that minimum share.

09 September 2013