Opportunity to get on housing ladder near Stratford-upon-Avon with shared ownership
Bromford is holding an Open House event at Hayfields
Lawns in the desirable Welford-on-Avon area on Saturday, 4 July
between 10am and 5pm.
Providing an ideal opportunity to check out our only two part
buy/part rent family homes, this popular Cala Homes development is
set on the edge of the countryside with easy access to
Stratford-upon-Avon and centrally located between Alcester and
With shared ownership, one of these three-bedroom homes could be
yours for as little as £91,000 with a minimum deposit of just
This is particularly welcome news, considering latest research
from the National Housing Federation which reveals
Stratford-upon-Avon as the 'most difficult place in the West
Midlands' to get on the housing ladder.
With over a third of house prices here being ten times the
average wages for first time buyers, taking the lowest average
annual income in Stratford-upon-Avon of £12,904 and the lowest
average house price at £170,000 this increases to an affordability
ratio of over 13 times that salary.
The National Housing Federation highlights that the current
generation of aspiring first time buyers are considerably worse off
than their parents were when it comes to their chances of being
able to buy a home. Due to successive governments failing to build
enough homes to keep up with demand, house prices have been driven
up and home ownership has fallen to a 29-year low. Average
first-time buyers today need a £30,000 deposit, almost ten times
the deposit required in the early 1980's in real terms.
Add to that, a YouGov poll which found that an overwhelming 87
per cent (almost nine in 10) of 18-34 year olds say it is difficult
for their generation to get on the housing ladder in Britain and it
seems an insurmountable mountain to climb.
Alan Bradley of Bromford Homes said: "That's why we offer shared
ownership, making buying in this area a reality and not a
"Many people aren't aware of shared ownership which can be
cheaper than renting but with the benefit of being able to own your
own home. Shared ownership is also a way of having more security,
as a landlord can decide to terminate a tenancy at any time whereas
shared ownership properties usually have a brand new 125-year
"With monthly costs equally affordable − often lower or at
least no more expensive than it costs to rent a similar home from a
private landlord - we want to give real hope to those dreaming of
Shared ownership offers the chance to buy a share in a brand new
leasehold property on a part buy/part rent basis and pay a
subsidised rent on the part not owned. People can purchase between
25 and 75 per cent and then buy more as and when they can afford
To find out more about shared ownership call 0845 6010878 or
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30 June 2015