Last chance for 1st-time buyers at Brookfields
IT'S all go at our low-cost Brookfields shared
ownership development in Shrewsbury. All but ONE of these two-bed
houses have now been snapped up by first-time buyers for as little
And the first buyers are hoping to move in this month as our award-winning site
manager and his in-house construction team push to compete this
top-quality development by the end of this week.
Three more reservations brought the sales total to seven this
week and, with just a single home left unsold, Bromford Homes Head
of Sales Alan Bradley has this message for other would-be
"When they're gone, they're gone," he says. "Brookfields offers
local first-time buyers a rare opportunity to get on to the
property ladder in this historic market town at a price you can
afford thanks to our part-buy, part-rent deal − also known as shared ownership − and if you
reserve and complete by the end of March you can still qualify for
our free carpets incentive."
How does shared ownership work? Well, instead of buying
outright, you buy a share of your new Bromford home and pay low
rent on the remaining share. This means your deposit is much lower
and so is your typical monthly cost − lower, in fact, than it
costs to rent a similar home from a private
* In the case of Brookfields, a 45% share of a two-bed home
would cost you just £60,750 and your deposit could be just £3,038
with a 95% mortgage. The actual amount you buy depends on your
financial circumstances but 45% is fairly typical and the maximum
share is 75%.
"As you can see from our example, shared ownership deposits are
much cheaper than if you buy outright − and we've done comparisons
that prove the total monthly cost for a typical shared ownership
buyer is less than it costs to rent privately," says Alan.
"That's why people keep saying YES to shared ownership and why
we expect the remaining homes here at Brookfields will be snapped
up pretty quickly too.
"With the demo home opened just after Christmas, our
award-winning site manager Pete Hamon and his in-house construction
team are hoping to finish onsite today (Friday). If all goes well,
we will be handing over the keys to our first shared ownership
buyer very soon indeed − and watching their dream of home
ownership come true."
To find out more about Brookfields, shared ownership and our free carpets incentive call
0845 60 10 878 or register for
updates. You can also keep in touch by following us on Twitter or Facebook.
* This is an updated version of a story that was first published
on February 11
14 February 2014