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
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}.
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
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."
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."
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
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.
* £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
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17 April 2014