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Free carpets offer as New Arley showhome opens

WE'RE rolling out the welcome mat for first-time buyers on Saturday with the official opening of our stylish new Colliers Green showhome at New Arley, near Coventry.

It's a golden opportunity to find out how you can start the New Year with an affordable new Bromford home − and if you reserve before the end of January and meet our other conditions we'll give you free fitted carpets throughout.

This weekend's launch gives visitors a chance to check out the stylish transformation by one of the leading names in property interior design, Claude Hooper, and to find out more about two options for affordable home ownership.

The showhome off Ransome Road will be open from 10am to 4pm on January 11 and Bromford Homes Head of Sales Alan Bradley urges first-time buyers and other people who can't afford to buy on the open market to be quick if they want their pick of the remaining plots.

"We've already taken a couple of reservations and once the showhome is open we expect local first-time buyers will start to snap them up," says Alan. "My message to them is simple − come along, look around to check out the layout and build quality, and find out how little it can cost to have one just like it. In fact, we've got TWO great ways for first-time buyers to make their property dream come true here at Colliers Green − shared ownership and equity loan.

Colliers Green homes

"They make it possible for you to start the New Year with a truly affordable new Bromford home that you can call your own. One of them is sure to suit your circumstances and we're offering this special incentive of free fitted carpets to any buyer who reserves before the end of January and completes on or before March 21."

With shared ownership, you buy between between 25% and 75% of your new Bromford home − the amount depends on what you can afford − and pay low rent on the remaining share. In the case of Colliers Green, it costs as little as £55,125* for a typical 45% share of a two-bed house or £61,650** for a three-bed Cowley.

The second option, HelpUbuy equity loan, allows you to buy your new Bromford home for just 80% of its purchase price − in the case of Colliers Green, around £98,000*** for a two-bed home with a full market value of £122,500. You simply pay 5% deposit, which in this example is 5% of £98,000, plus the monthly mortgage payments on what you borrow − and no interest on the other 20% for up to five years and no rent either.

"Both are really affordable options for would-be buyers on lower incomes who feel locked out of the property market and are probably renting from private landlords − part of what's now known as Generation Rent − or living at home with their folks," says Alan. "Crucially for most first-time buyers, the deposits in both cases are much cheaper than if you buy outright − as little as £2,757* for 45% shared ownership and as low as £4,900*** for the equity loan scheme."

To find out more about Colliers Green, shared ownership and equity loan, and our special incentive call 0845 60 10878 or register your interest online. You can also keep in touch by following us on Twitter or Facebook.

* With shared ownership, £55,125 would buy a typical 45% share of a two-bed house with a full market value of £122,500. A minimum deposit of £2,757 assumes a 95% mortgage on that typical share. ** £61,650 would buy a typical 45% share of a three-bed Cowley house with a full market value of £137,000. A minimum deposit would be £3,083, assuming a 95% mortgage on that typical share.
*** With HelpUbuy equity loan, you could pay £98,000 for a two-bed home with a full market value of £122,500. A 5% deposit on the share you buy would be £4,900.

06 January 2014