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Super Saturday launch for St Georges Court showhome

First time buyers in Shropshire can now see and feel what it looks like for their home-owning dream to come true − with the official opening of our St Georges shared ownership showhome in Telford.

The big day comes on Saturday 17 October when we roll out the three-bed showhome welcome mat − ideally located within close proximity of Telford town centre − from 10am to 5pm.

One of our sales consultants will be there to greet you − and explain how a part buy-part rent home at St Georges Court could be yours from as little as £55,000.

Shared ownership sales have already soared with six of 18 available two and three-bed homes snapped up by first-time buyers and others who can't afford to buy on the open market. There are five home designs, each with its own parking space and situated near the new Southwater leisure complex with its cinema, bars, restaurants and ten-pin bowling facilities. The train station is in walking distance and there are good links to the M54.

Bromford Homes Head of Sales Alan Bradley urges aspiring homebuyers to come along this weekend and see for themselves why St Georges Court is proving so popular.

"It's going to be a great day for first-time buyers because it gives them a chance to see a finished house for themselves and get a real sense of what it would be like for their home-buying dream to come true," says Alan.

"Our friends at Claude Hooper - one of the leading names for interior property design − have done a great job creating a contemporary look with all the carpets, curtains and furniture that I'm sure will appeal to many of our customers.

"We're sure the quality, look and feel of the houses and the development as a whole will appeal to visitors − and, of course, shared ownership makes owning one of these great homes truly affordable.

"Instead of buying outright, you buy between 40% and 75% − depending on how much you can afford - and pay low rent on the remaining share. It really is as simple as that − and the fact that a third of the homes have already been snapped up shows that first-time buyers agree."

He points to the two-bed terraced houses at St Georges Court which can be bought for as little as £55,000* - a 40% share − with a deposit as low as £2,750. Prices for a three-bed house are only slightly higher − starting at £62,000** for a 40% share and a deposit of £3,100.

Those prices are making a real difference for would-be buyers, according to Alan. "We've had an amazing response from first-time buyers − and some of them can't wait to see inside a finished home and have a good look around," he says.

"At the same time, of course, affordability is a key issue for so many of the first-time buyers and shared ownership is a truly affordable way to get on to the property ladder. Many people simply can't afford the fairly large deposits that most lenders now require − with typical figures that run into tens of thousands. With shared ownership, typical initial costs are much lower and so are total monthly costs."

"It's a real shame that so many first-time buyers feel like they will never be able to afford that first step on to the property ladder. If that sounds like you and you're keen to see one of these great houses after it has been turned into a home, then please come and meet us this weekend − especially if you want your pick of the remaining plots."

St Georges Court showhome will be open every Saturday and Sunday between 10am and 5pm. Shropshire homehunters can register for updates and find out more about St Georges Court and Help to Buy shared ownership by talking to a sales consultant on 0800 0852 499, via email on sales@bromford.co.ukand can also keep track by following us on Twitter @BromfordHomes.

* £55,000 represents a minimum 40% share of a two-bed house costing £137,500.

** £62,000 represents a minimum 40% share of a three-bed house costing £155,000.

14 October 2015