Low, low prices for high-quality Northants homes
WE'VE now confirmed some truly affordable prices for first-time
buyers at our newest shared ownership developments in
Northamptonshire.
You can get onto the property ladder at Saxon
Rise, Brixworth − a popular village just outside
Northampton − for as little as £65,250. That's enough to buy a
45% share of a new two-bed home − and your minimum deposit
would be just £3,263*.
Equally affordable shared ownership purchase prices can be found
at Becket Manor, Deanshanger − just
inside the Northants border, near Milton Keynes. You can buy 40% of
a two-bed home here for just £74,000 with a minimum deposit of
£3,700**.
Both developments offer local homebuyers a low-cost way of
making their property dreams come true, according to Bromford Homes
Head of Sales Alan Bradley, and a cheaper alternative to private
renting. "These low purchase prices and low 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.
"These 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, but be quick or risk
missing out as we expect strong interest now that prices have been
confirmed."

So what's the secret of shared ownership's low prices? Well,
instead of buying outright, you buy a share of your new Bromford
home − 40-45% is fairly typical but it can be as much as 75%
depending on your household income − and pay low rent on the
remaining share.
So, in the case of another Northants development, Countess Manor (pictured above), just
£59,000 could buy 40% of a two-bed home with a full market value of
£147,500 and a minimum 5% deposit on that share would be just
£2,950.
"Both the purchase price and the deposit in all our
Northamptonshire examples are a fraction of what it would cost to
buy a similar home on the open market," says Alan.
"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.
* £65,250 buys a typical 45% of a two-bed home with a full
market value of £145,000. Your minimum deposit on that share,
assuming a 95% mortgage, would be just £3,263. ** £74,000 buys 45%
of a two-bed home with a full market value of £185,000. Your
minimum deposit on that share, assuming a 95% mortgage, would be
just £3,700.
19 March 2014