Tears of joy for first-time buyer Inga
A SMALL tear wells up in Inga Lapina's eye as she recalls the
day she moved into her cosy new shared ownership home.
"It was only five days before Christmas. I had the keys, went
inside and cried with tears of joy," recalls the 43-year-old
"The carpets were down and I had my belongings but no furniture
set up so I slept on the floor that night − just until I could
sort out the furniture. That didn't bother me. This was my home at
last and I felt happy, really happy."
The big day − December 20, 2014 − was an emotional
climax to seven years of living in shared rented housing after
moving to Coventry from Latvia and a frustrating hunt to find an
affordable home of her own.
As soon as she walked into the two-bed Bromford house at Holmwood, off Lythalls Lane, Inga
knew that her search was over − and that she could afford to
make her homebuying dream come true thanks to shared ownership's
unique part-buy, part-rent formula.
In fact, she was able to buy just under 60% of the two-bed
house − and Inga is quick to point out that her monthly
outgoings now are around £100 less than when she was renting from a
A quick calculation proves it.
Her monthly mortgage costs are £310, the low rent is £180, and
her other bills add up to around £200. Total cost with
shared ownership: £700.
Total cost of private renting − including utility bills:
"My friends can hardly believe it when I tell them," says Inga,
a quality inspector at the nearby Unipart factory, "especially once
they've been here and seen what a great home this is. Sometimes I
can't believe it myself!
"My brother wasn't sure about shared ownership when I first
considered it but now, having seen the house and how affordable it
is, he wants a home like this too! I think a lot of people don't
know about shared ownership or don't really understand how it
"My advice to them? Talk to an expert and take a look at a new
shared ownership home like mine. They're built to a really high
standard − the same as the other houses built on this estate
by the private developer − and they come with all the mod cons
you need like a really well-equipped kitchen and bathroom.
"Then compare one of these warm, modern homes with a typical
house being rented out by a private landlord. In my experience,
they're cold, you have little or no privacy if you're sharing, and
the rent is always going up.
"Shared ownership offers first-time buyers like me a real
alternative that I can really afford. I would definitely recommend
it if you can save enough for a deposit or borrow it from family or
"Saving was difficult for me while I was paying out so much each
month to rent a home for me and my son, who's now left home, but I
managed to put something away − and my brother helped by
giving me some money towards the deposit."
Three months after seeing her dream come true, life is good and
getting better for Inga and her furry "housemate", tabby cat Mincy.
"We're both really happy living here," smiles Inga, pictured below
with her feline friend.
"Mincy appeared one day in the garden where I used to live, kept
coming back and decided to stay. She has been with me ever since. I
say she chose me − and she seems very happy with my new choice
"I now have a lovely house that's ten minutes from my work and I
have friends and family members nearby. I'm slowly making the house
a home and, now that spring is here, I'm looking forward to making
a start on the garden.
"I work hard and having my own place to come home to makes it
all feel worthwhile. Looking to the future, I would like to
increase the share I own when I can afford to because it's a good
Bromford Homes Head of Sales Alan Bradley says: "Inga's story is a
touching example of how shared ownership can make the property
dream come true for people who want a high-quality home they can
make their own, close to their jobs and the people they know.
"Inga is clearly delighted with her house and with shared
ownership − just like so many other first-time buyers across
Coventry & Warwickshire and the rest of central England −
and we wish her all the best for the future.
"This is just one of about 130 shared ownership success stories
in the last 12 months − including our sell-out success at Butterfield Gardens,
"Each story represents a dream come true, an exciting new
chapter in their lives for people who would otherwise be forced to
rent from a private landlord or stay living with their family."
We've got just one shared ownership home left at Holmwood − 10 minutes drive
from Coventry city centre − and it could be yours for as
little as £56,250 and a minimum deposit of just £2,813*.
There are more shared ownership homes on sale at nearby Oaklands, Rugby, as well as other
Warwickshire developments such as The Pastures in
Alcester, Hayfield Lawns in Welford-on-Avon and
Warwick's Beaumont Meadow.
To find out more about shared ownership and
our developments across central England, call 0845 60 10
878 or register for updates. You can also
keep in touch by following us on Twitter and Facebook.
19 March 2015
* £56,250 buys a typical 45% share of a two-bed Edgwick with a
full market value of £125,000 and a minimum deposit of just £2,813
assumes a 95% mortgage on the share you buy. Low rent is payable on
the remaining share.