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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 unsold.

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 weekend.

"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.

Saxon Rise 960x400

"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 Rise."

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.

 ChurchFields actual 960x400

"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