200 moving-in days... and counting
MONDAY was a red letter day for one first-time buyer at Brookfields, Shrewsbury − and for shared ownership here at Bromford
Why? Because it's the day we handed over the keys to our latest
low-cost home-owner in central England and helped them to take
their first step onto the property ladder. It's also the day when
Bromford shared ownership sales completions hit the magical 200
milestone this year.
And there are many more moving-in days planned before the end of
2013-14, according to Bromford Homes Head of Sales Alan Bradley.
"We're delighted that this first-time buyer − and all of our
buyers − are seeing their property dream come true thanks to
shared ownership," says Alan.
"The part-buy, part-rent deal really does make a difference to
people on lower incomes, people who aspire like so many of us to
owning their own home but simply can't afford to buy on the open
"Shared ownership deposits are truly affordable − just over
£3,000 if you're buying a typical 45% of a two-bed Bromford home
at, say, Brookfields (pictured below) − and the total monthly cost
is cheaper on average than it is to rent from a private
"Shared ownership is also a much more secure alternative to
private renting − a really important consideration for young
families who don't want to be moving from place to place at the
whim of a landlord. This explains why so many people are saying
such an enthusiastic YES to shared ownership and why we hope to
achieve many more completions by the end of March."
With shared ownership, you buy between 25% and 75% of your new
home − the actual amount depends on what you can afford, with
around 45% being typical − and pay low rent on the remaining share.
This means, for example, that you can get on the property ladder at
Brookfields in Shrewsbury for £60,750 −
that's 45% of the remaining two-bed home with a full market value
of £135,000 − and a minimum 5% deposit of £3,038.
To find out more about shared ownership and
Bromford developments across central England call 0845 60
10 878 or register for updates. You can also
keep in touch by following us on Twitter and Facebook.
24 February 2014