Affordable homebuy remedy for priced-out nurse
NURSE Deborah Collins loves living in Solihull. But she doesn't
love the property prices in this popular part of the West
In fact, like many would-be homebuyers, she had all but given up
hope of being able to quit Generation Rent and buy her own home in
the neighbourhood where she and son Oscar had put down roots.
Until, that it, Deborah found out about our affordable shared ownership homes at Aspenwood, Dickens Heath. She and 10-year-old
Oscar now live in a lovely new three bed semi-detached house that's
close to school, work and friends − and life is great.
"We love it here at Aspenwood (pictured below) as my son was
already going to the primary school. His friends are local and so
are mine - and it's a 15-minute drive to work for me," says Debbie,
44, a specialist in diabetes nursing.
"We had been renting for six years. I had a deposit and wanted
to stay in the area but couldn't afford to buy here because
property is so expensive. Then friends told me about Aspenwood and
I found out about Bromford's shared ownership homes.
"That changed everything. The part-buy, part-rent deal means I
was able to buy a share that I could afford and the total monthly
costs are no more than I was paying in rent to a private
Would Deborah recommend shared ownership to other priced-out
homehunters? "Absolutely. If you're in a similar position, this is
a great way of owning a home you can call your own − and
paying your own mortgage rather than someone else's," answers
"I would never have qualified for the mortgage that was needed
to buy a similar property on the open market. Shared ownership
offers people like me a truly affordable way of getting onto the
property ladder. We now live in a lovely location and have a
beautiful home I can actually afford."
Debbie's only problems now are deciding on a colour
scheme − and a guest list. "We only moved in a couple of weeks
ago so we're still settling in − and I'm really busy juggling
that with work and being a mum," she says. "My spare time is spent
choosing paints and getting my house looking lovely so I can invite
my friends round for dinner!"
Bromford Homes Area Sales Consultant Kirsty Darby says: "Handing
over the keys to customers like Deborah is such a rewarding part of
the job − and it's great to hear from homebuyers like her how
shared ownership's affordability helps them to make their property
dream come true. She's been able to move back to an area where her
friends and family are. Oscar went straight out on his bike and
played with his friends on the open space opposite their new
"She's certainly not alone in finding herself priced out of a
buoyant local property market like Solihull and that explains why
developments like Aspenwood are so popular. In fact, we've just
sold the last home."
It's a similar story at nearby Moat House Fields,
Marston Green, where all the homes are now reserved but we've got
more shared ownership developments around Solihull − at Arden
Fields, Knowle, and Meriden's Mulberry Gardens
(pictured above), where prices start from £90,000 for a typical 45%
share of a two-bed Belford.
You can find out more about shared ownership and
developments near you by calling us on
0845 60 10 878. You can also register for updates or follow us
on Twitter and Facebook.
23 September 2014