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Homebuyer dream comes true for mum Anna

HOME ownership seemed like an impossible dream for mum Anna Malarska − until she found out about shared ownership. The low deposit and affordable monthly costs unlocked the door to a two-bed home that she and her seven-year-old son William can call their own at our popular Oaklands development in Rugby.

It's now almost a year since they moved in and started an exciting new chapter in their lives − closer to friends and Anna's work as a finance administrator with leading logistics company DHL.

Shared ownership made "an amazing difference" according to 28-year-old Anna and she urges other would-be homebuyers on lower incomes to find out how it can change their lives too. "Would I recommend it? Definitely! Shared ownership is the perfect solution for first-time buyers like me who can't afford a big deposit or a big mortgage but want to get on the property ladder and invest in their future," says Anna (pictured below}.

Anna keys 640x340

Like many would-be homebuyers, Anna didn't know about the part-buy, part-rent scheme − also known as shared ownership − until a friend took her to Oaklands and showed her round.

It was love at first sight. "I liked the area, found out there were some two-beds coming up and set my heart on getting one of them. I spoke to the agency and put down a deposit the very same day," says Anna. "The people at Bromford and the estate agents explained everything and I did a lot of research on the web. Then I prepared all the documents that were needed and booked an appointment to sort out a mortgage."

Her application was successful and Anna collected the keys from Bromford last July. "We love our new home and we love the area. It's perfect as there are plenty of places to walk our dog Mia and to go for bike rides with my son," says Anna. "We live close to my friends and it's only 15 minutes to where I work − that makes a massive difference."

 Anna with Mia 640x340

Less time and money spent on the journey to work is not her only saving. Like many first-time buyers, Anna highlights shared ownership's low deposits and low monthly costs as crucial. And like many customers, Anna confirms that buying through shared ownership is cheaper than renting from a private landlord. "Yes, it is cheaper for me now. The house I rented before was more expensive − and all the other monthly bills were higher. In fact, I would say that I pay less than friends that rent their homes," she says.

Looking to the future, Anna is keen to increase the share that she owns through a process known as staircasing. "The other thing about rent is that you're paying out and there's no return on the investment," says Anna. "With shared ownership you can increase your share at some time in the future when you can afford it and that's something I would definitely like to do. One day I hope the house will be 100% mine."

Anna kitchen 640x340

Bromford Homes Head of Sales Alan Bradley says: "It's great to hear such positive comments from one of our first shared ownership buyers at Oaklands - just as we're about to launch the second phase of homes at this popular development.

"Anna's clearly delighted with her home and with shared ownership − just like so many other first-time buyers across Coventry & Warwickshire and the rest of central England − and we wish her all the best for the future.

"This is just one of 214 shared ownership success stories in the last 12 months where would-be homebuyers on lower incomes were able to get on the property ladder at an affordable price. Each story represents a dream come true, an exciting new chapter in their lives for people who would otherwise be forced to stay living with their folks or renting from a private landlord."

You could be moving into a brand new house at Oaklands − just ten minutes drive from Rugby town centre − for as little as £65,250 and a minimum deposit of just £3,263*. That's enough to buy a typical 45% share of a two-bed Sanderling and, with building work almost finished, you could be moving in by the end of July.

We've got just one two-bed available but with two types of three-beds − 13 of them in all − set for completion by the end of May there's a great choice to suit the needs of couples or young families. Our three-beds sell for as little as £78,750** and your minimum deposit would be just £3,938.

Oaklands Goldcrest 960x400

* £65,250 buys a typical 45% share of a two-bed Sanderling with a full market value of £145,000 and a minimum deposit of just £3,263 assumes a 95% mortgage on the share you buy.
** £78,750 buys 45% of a three-bed Goldcrest (pictured above) with a full market value of £175,000. Your minimum deposit would be £3,938, assuming a 95% mortgage on the share you buy.

To find out more about Oaklands, our open day or shared ownership, call 0845 60 10 878 or register for updates. You can also keep in touch by following us on Twitter and Facebook.

17 April 2014