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Moving story as Brookfields dreams come true

MOVING DAY fever swept one of our latest shared ownership developments with a surge of pre-weekend completions. Two first-time buyers collected their keys at Brookfields, Shrewsbury, last Thursday − and two more saw their property dreams become a bricks-and-mortar reality the next day.

Then a fifth completion followed this week. That means all but one of the eight Bromford-built houses are now occupied, with the final handover set to take place before the end of March.

There to welcome all the part-buy owners and show them round their new two-beds was Bromford Homes Sales Consultant, Harj Bahia. "This is definitely the best bit of our job − the moment when a customer is handed the keys to a home that they can call their own, the moment when all their hopes and dreams come true," says Harj.

"It's so rewarding to know that shared ownership's low deposits and low purchase prices have made all the difference to so many people. All of these buyers would have found it impossible to get on the property ladder any other way. Open market prices are simply out of their reach − especially in a sought-after town like historic Shrewsbury (pictured below), where property prices are high and average wages are relatively low."

Shrewsbury 5

Bromford Homes Head of Sales Alan Bradley agrees. "Local first-time buyers were quick to snap up these shared ownership houses as soon as we opened our demonstration home. Deciding to buy really was the only logical thing to do once they could see the build quality and all the great features that come as standard with a Bromford home − as well as the great location here at Bagley Drive and, of course, the low deposit and low purchase price."

In the case of Brookfields (pictured below), a typical 45% share of a two-bed home cost just £60,750 and the deposit could be just £3,038 with a 95% mortgage. The actual amount you buy with shared ownership depends on your financial circumstances but 25% is the lowest and the maximum share is 75% − with low rent paid on the remaining share.

Brookfields wide view

"As you can see from our example here in Shrewsbury, shared ownership deposits are much cheaper than if you buy outright − and we've got several 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 across central England keep saying YES to shared ownership and why we expect equally strong demand from first-time buyers at our next Shropshire development − Church View at Telford's Donnington Wood.

"Prices here have just been confirmed at just £58,500 for a 45% share of a two-bed home and my message to local first-time buyers is to be quick or you could miss out. We've got just four of these two and three-bed shared ownership homes so register now and take the first step towards seeing your dream of home ownership come true."

To find out more about Church View and shared ownership call 0845 60 10 878 or register for updates. You can also keep in touch by following us on Twitter or Facebook.

21 March 2014