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Fortuna's big 99 helps homebuyers for little lolly

OUR shared ownership sales hit a record high for a single development when the 99th homebuyer collected the keys to her new home in Cirencester.

This happy handover was the last at our landmark Fortuna development in this popular Gloucestershire market town − also known as the Capital of the Cotswolds − after several phases spanning three years.

It was a big day for our buyer − and for Bromford Homes Sales Consultant Kirsty Derby, who was there last Friday (May 9) to welcome this final purchaser into her new apartment. "Handing over the keys to customers is definitely the best part of a great job. It's the moment when their dreams of owning a home they can call their own becomes a bricks-and-mortar reality and they start an exciting new chapter of their lives," says Kirsty.

"Our customers are either first-time buyers or people, who for one reason or another, can't afford to buy a home on the open market. They tell us time and time again that shared ownership's low deposits and low monthly costs make all the difference − and this is certainly true here in Cirencester."

Fortuna exteriors 1

Bromford Homes Head of Sales Alan Bradley agrees, saying: "Fortuna (pictured above) is an exceptional development and, with 99 houses and apartments, our biggest by far. Each sale is an individual success story for a local buyer and if you put them all together you can see what a difference has been made.

"We're really proud of what has been achieved here. These are great homes on a great-looking development and, thanks to shared ownership's unique part-buy, part-rent formula, we have been able to sell at a price that singletons, couples and young families can afford - an example being £67,500 for a typical 45% share of a two-bed apartment with an open-market value of £150,000.

"Cotswold district has been highlighted by the National Housing Federation (NHF) as one of the region's least affordable places for first-time buyers. Like many sought-after towns and cities, property prices are high and average earnings are relatively low. With shared ownership, would-be homebuyers can get that crucial first step on the property ladder with a truly affordable − and secure − alternative to renting from a private landlord or living at home with their family or friends."

Pennylands 960

The Gloucestershire sales success story continues just over 20 miles away at Winchcombe, north of Cheltenham, where first-time buyers are snapping up Pennylands homes (pictured above) for as little as £78,750. That's enough to buy a typical 45% share of a two-bed house − and your minimum deposit could be just £3,938 with a 95% mortgage.

"This is another great-looking development in a smashing rural location − and, with these affordable prices, they're selling fast," says Kirsty.

"We've sold seven houses so far − three of them have been handed over to us by the builder and the other four are expected in August. We then have another two three-bed homes coming in November − these are now on sale − and a further three two-bed homes to be handed over in May 2015.

"In this case, priority is being given to local people and my advice to anyone who wants one of these great homes is to register online or call us now."

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

17 May 2014