New wave of low-deposit homes taking shape
WE'RE launching a fresh wave of shared ownership
developments to keep up with first-time buyer demand for affordable
The newest site is Arden Fields in the sought-after village
of Knowle, near Solihull, where a mix of two and three-bed houses
are being built alongside one and two-bed apartments.
Prices are yet to be confirmed but they will be a fraction of
what it costs to buy similar homes on the open market so we predict
that local first-time buyers will be quick to snap them up.
That's why Bromford Homes Head of Sales Alan Bradley urges
homehunters to register now and ask about buying a
low-deposit part-buy, part-rent home off-plan.
Arden Fields (pictured above) brings the number of active
Bromford shared ownership developments to 20 − and there are
more to come at villages, towns and cities across central
Another new development is Mulberry Gardens
(below) at Meriden − also near Solihull − where the first
two-bed home has already been snapped up, leaving just two more up
for grabs from £90,000* for a typical 45% share. Two three-beds are
also coming soon, with prices starting from £110,250*.
Shared ownership homes are also taking shape at newly-launched
Butterfield Gardens − our
second development in the Warwickshire town of Rugby − with
the first completions due in September at prices starting from
£56,250** for a two-bed and a minimum deposit of £2,813**.
"We're launching new shared ownership developments all the time
in an effort to keep up with demand from first-time buyers who
can't afford the open market," says Alan Bradley. "Our prices vary
from place to place, of course, but every development offers the
same deal − great homes, low deposits and affordable monthly
To find out more about our latest developments and how low-cost
shared ownership could make YOUR property dream come true, call one
of our expert advisors on 0845 60 10 878 or register for updates. You can also
keep in touch by following us on Facebook and Twitter.
* £90,000 buys a typical 45% share of a two-bed house with a
full-market value of £200,000. A minimum deposit of £4,500 assumes
a 95% mortgage. A 45% share of a three-bed house with a full-market
value of £245,000 costs £110,250. A minimum deposit of £5,513
assumes a 95% mortgage.
** £56,250 buys a typical 45% share of a two-bed house with a
full-market value of £125,000 at Butterfield Gardens
(pictured above). A minimum deposit of £2,813 assumes a 95%
09 August 2014