Toni talks about what shared ownership means for her
her six-year-old daughter have just moved into their new
two-bedroom home in the Acorns in Shirley.
up with her just days after completing to find out how it had all
gone. Toni said: "The process has been great! I got the house and
then went straight on holiday so I have only stayed one night but I
love it. It's a nice new build and really cosy. The boxes are
nearly all unpacked and it's plenty big enough for Lana and
So did you know
about shared ownership before?
"I knew a
little bit about it from a friend and as I couldn't get a mortgage
for the full amount of a house this was a great
discovered the Bromford Homes website, registered and was put on a
waiting list. I didn't know if I'd get the house as the waiting
list was big but Dan at Bromford Homes was really helpful and I was
put through quickly once it was agreed."
How affordable is
been saving and was able to pay the minimum deposit of £4,700, much
less than I would have had to pay for a non shared ownership home.
The monthly payments are less than the £675 I was paying in private
rent. My payments now - including service charge, insurance,
rent and mortgage - are £630. Private rent on a comparable
house in this area would be £800 to £850."
to stay in Solihull, not Birmingham. There's a school opposite
which I am hoping to get Lana into and I work full time as an
office manager in Shirley so it's really convenient. I also have
So what are your
plans for the future?
to increase my share but if don't, I know I can sell. This has
enabled me to get on the property ladder."
recommend it to others?
It's definitely been a good thing and was a smooth
Click here to take a
look at our homes avaiilable to buy now with shared
03 September 2015