Hurry! Just two more left at Saxon Rise
DEMAND for our new low-deposit homes at Saxon
Rise, Brixworth, is so strong that just two of them are left
First-time buyers and other people who can't afford open-market
prices in this sought-after part of Northamptonshire have now
snapped up half of the shared ownership houses on the first
phase at Saxon Rise. And, with prices as low as £65,250* for a 45%
share of a two-bed, it won't be long before the other two are
reserved as well.
That's the confident forecast from Bromford Homes Area Sales
Consultant Kirsty Darby, who confirmed two reservations at the
"Local buyers love everything about Saxon Rise. They're the
right homes, in the right place and at the right price − and
my advice to anyone else who wants one is to be quick or you could
miss out," says Kirsty.
"These low deposits − as little as £3,263* for a two-bed
(pictured above) − and affordable monthly costs make all the
difference for people who could not otherwise get onto the property
ladder, people who would be forced to live with family or friends
or remain in private rented housing.
"This really is a great opportunity for anyone who wants to move
into a home they can call their own − and if you miss these
last two you'll have to wait until 2015 when we're expecting some
more two-beds and our first three-bed homes here at Saxon
It's a similar story of shared ownership success across
Northamptonshire at another popular village, Bugbrooke, where two
of the three homes being built at Church Fields (pictured
below) have been sold off-plan to local first-time buyers. That
leaves just one more home up for grabs at just £68,000** for a
minimum 40% share through our affordable part-buy, part-rent
scheme − also known as shared ownership.
"This is another great-looking development in a super
location − and in this case we're giving priority to would-be
buyers with local connections," says Kirsty.
"Bugbrooke and Brixworth are like many sought-after places in
rural parts of Northamptonshire. Property prices are high and
average wages are fairly low. It's a formula that can put the
property dream well out of reach for many first-time buyers −
especially if you can't tap into the Bank of Mum and Dad.
"That's where shared ownership comes in. Our unique part-buy,
part-rent formula means the initial cost is affordable and so are
the monthly costs − cheaper, on average, than it costs to rent
a similar home from a private landlord. It's no wonder then that so
many people in Northamptonshire − and other parts of central
England − keep saying a big YES to share ownership."
* £65,250 buys a typical 45% share of a two-bed home with a full
market value of £145,000. A minimum deposit on that share would
£3,263, assuming a 95% mortgage.
** £68,000 buys a minimum 40% share of a two-bed Everdon with a
full market value of £170,000. A minimum deposit on that share
would be £3,400, assuming a 95% mortgage.
To find out more about Saxon Rise, Church Fields 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.
29 April 2014