Affordable 1st homes for rural buyers in Northants
OUR low prices are unlocking the home ownership dream for
first-time buyers who can't afford open-market property purchase in
rural communities across Northamptonshire.
The secret? Shared ownership's part-buy, part-rent
formula, which means you can afford to buy a home of your own at Countess Manor, Moulton, just outside
Northampton, for as little as £59,000* with a minimum deposit of
We've got more great prices at three other sought-after villages
in the county and in most cases homehunters with local connections
get first priority.
For instance, you can get onto the property ladder at Saxon
Rise, Brixworth − another village just outside
Northampton − for as little as £65,250** and a two-bed home
(pictured below) at Church Fields, Bugbrooke, could be yours
for just £68,000***.
Equally affordable shared ownership purchase prices can be found
at Becket Manor, Deanshanger − just
inside the Northants border, near Milton Keynes − where you
can buy 40% of a two-bed home for just £74,000 with a minimum
deposit of £3,700****.
Many of these affordable homes have already been snapped up and
Bromford Homes Head of Sales Alan Bradley advises other rural
homehunters to be quick or miss out on the remaining houses.
"These low purchase prices and deposits explain why so many
first-time buyers in Northants and other parts of central England
are saying a big YES to shared ownership," says Alan.
"Our high-quality, low-cost homes are ideal for people in and
around these popular villages − people who want to stay in
the place where they've got family and friends but can't afford to
buy on the open market.
"Well the good news is that shared ownership really can −
and does − unlock the door to a home that you can call your
own. My advice to local first-time buyers is to call us now and
find out how you can qualify."
With shared ownership, you don't buy your new Bromford home
outright. Instead you buy an affordable share of it − 40-45% is
fairly typical but it can be as much as 75% depending on your
household income − and you pay low rent on the remaining share.
"Both the purchase price and the deposit at Saxon Rise (pictured
above) and all our other Northamptonshire examples are a fraction
of what it would cost to buy a similar home on the open market,"
"What's more, the monthly costs of shared ownership are
affordable too − in most cases less than it would
cost to rent a similar home from a private landlord. And you
don't have to take our word for it − just listen to some of
the 200-plus shared ownership
customers who've collected keys to a new Bromford home this
year. Shared ownership has made their property dreams come true and
it can do the same for you."
To find out more about shared ownership and
our new developments call 0845 60 10 878 or register for updates. You can also
follow us on Twitter and Facebook.
* £59,000 buys a typical 40% of a two-bed home with a
full-market value of £147,500. Your minimum deposit on that share,
assuming a 95% mortgage, would be just £2,950.
** £65,250 buys 45% of a two-bed with a full-market value of
£145,000. Your minimum deposit on that share, assuming a 95%
mortgage, would be £3,263.
*** £68,000 buys 40% of a two-bed with a full-market value of
£170,000. Your minimum deposit on that share, assuming a 95%
mortgage, would be £3,400.
**** £74,000 buys 45% of a two-bed with a full market value of
£185,000. Your minimum deposit on that share, assuming a 95%
mortgage, would be £3,700.
11 June 2014