Bromford Homes RSS Feed This is the Bromford Homes RSS Feed Copyright Bromford Homes 2012 http://www.bromfordhomes.co.uk 06 June 2017 06 June 2017 Help to Buy Roadshow - Helping you buy in Northamptonshire <h4>24 June 2017 from 10am until 4pm</h4> <p>If you're looking to get onto the property ladder in Northamptonshire you won't want to miss this Help to Buy Roadshow where you can get the latest information on affordable home ownership.</p> <p>You'll find out all you need to know about buying a home with shared ownership and discover what new, and planned, developments there are in Northamptonshire. This could be your first step in the right direction to owning your very own home.</p> <p>Shared ownership is a fantastic way to get onto the property ladder but many people either haven't heard about it or don't realise just how good it is.</p> <h4 style="text-align: center;">It's free to attend - simply visit the Help to Buy website to reserve your place!</h4> <p style="text-align: center;"><strong>24 June 2017 - 10am until 1 and 1pm until 3.30pm at<br /> Northampton Saints Rugby Club, Weedon Road, Northampton, NN5 5BG.</strong></p> <h4 style="text-align: center;"><a href="https://www.helptobuymidlands.co.uk/help-to-buy-roadshow-northamptonshire-" target="_blank">Register here to reserve your place<br /> </a></h4> <h4>Come along and chat with experts:</h4> <ul> <li>Get advice and a free assessment from independent financial advisors</li> <li>Get legal advice from solicitors about the buying process and what's involved when you purchase a property with shared ownership</li> <li>Meet house builders who can show you the homes available to buy near you.</li> </ul> <p>Don't worry if you're not already registered with your local Help to Buy agent. If you like what you hear at the show you can complete a quick application on the day.</p> <p>One thing is for sure, you'll leave the show with a clearer picture of whether shared ownership is for you and what type of affordable homes are available for you to buy. So, don't miss out - join us at the roadshow and meet our shared ownership expert Harj who will be available to offer you all the help and advice you need. They will show you the affordable new homes we have available near you. Please pop by and say hello!</p> <p>You can find out how to make the most of your visit to a Help to Buy Show&nbsp;<a href="http://www.helptobuyshow.co.uk/how-to-prepare-for-and-make-the-most-of-your-visit-to-a-help-to-buy-show/" target="_blank">here</a>.&nbsp;</p> <p><strong>Click on the link below to find out more about our current development in the Crick, Northampton.</strong></p> <p><a href="/{localLink:4412}" title="St Margaret's View, Northampton"><img width="600" height="250" src="/media/650166/St.-Margaret-s-View-title_600x250.jpg" alt="St Margaret S View Title"/></a></p> <p>&nbsp;</p> /news/news/2017/june/help-to-buy-roadshow-helping-you-buy-in-northamptonshire/ http://www.bromfordhomes.co.uk/news/news/2017/june/help-to-buy-roadshow-helping-you-buy-in-northamptonshire/ 06 June 2017 Priory Manor, Ambrosden – open day 25 March 10am -4pm <p><strong>Your new home is waiting for you in the sublime village of Ambrosden.</strong></p> <p><img width="349" height="262" src="/media/630247/chesterton-p168_plot-9_349x262.jpg" alt="Chesterton" style="float: right;"/>You may think that buying your own home in this beautiful part of the world is out of your reach. Shared ownership allows you to move into your new home for a fraction of what you might expect to pay to live in this delightful location.</p> <p>With the <a href="/{localLink:5385}" title="Priory Manor, Ambrosden">two bedroom Chesterton</a> starting at just £92,000* and the <a href="/{localLink:5385}" title="Priory Manor, Ambrosden">three bedroom Murcott</a> available from £120,000* you'll need to be quick to ensure you don't miss out on the chance to get your own slice of village life.</p> <p>Built by Coudace Homes, our beautifully designed two and three bedroom homes all have stylish fitted kitchens with built-in oven, hob and extractor hood and modern bathrooms. Double glazing, high performance insulation, gas fired central heating, great storage, allocated parking spaces and &nbsp;turfed rear gardens compete the package.</p> <h3>Open day - Saturday 25 March 2017 - 10am - 4pm</h3> <p><strong>Plot 9,&nbsp;Priory Manor, Ambrosden -&nbsp;Merton Road, Oxfordshire, OX25 2LZ</strong></p> <p>You can't beat having a good look around to get a real feel for a home and location, so why not come along to our open day on 25 March between 10am-4pm. You'll get a close up of the fabulous homes on offer at Priory Manor&nbsp;and you can find out about the many benefits of buying a shared ownership home too. &nbsp;&nbsp;</p> <p><strong>To register your interest in attending the open day please</strong>&nbsp;<strong>complete the form below. The open day will be at plot 9, which you can find on the</strong>&nbsp;<strong>site plan.</strong></p> <p>Life in Ambrosden is exactly what you'd expect from a quiet village. You'll find a parish church, local pub,&nbsp;a post office, village hall and a primary school. The recently redeveloped and flourishing market town of Bicester is just three miles away and, thanks to a £70 million investment, the town boasts a new multi-screen cinema, bars and restaurants as well as a new superstore.</p> <p>As well as the school in the village, Bicester has nine primary and two secondary schools so you if you're setting up home as a family you can see that you and your children will be spoilt for choice when it comes to education.</p> <p><strong>Please complete the form below to let us know that you're joining us on the day... we'd love to see you there.</strong></p> <?UMBRACO_MACRO formguid="b8c8d1e2-1551-4de3-b589-76a505769fa5" macroAlias="umbracoContour.RenderForm" /> <p>&nbsp;</p> <p><strong>To give yourself the best chance of being accepted for a mortgage take a quick look at <a href="/news/blogs/2016/march/5-tips-to-boost-your-mortgage-chances/"> these five tips</a>.&nbsp;</strong></p> <p>* Prices equate to 40% share, monthly rent and service charges apply. &nbsp;Share purchases between 40% and 75%. &nbsp;Subject to HCA and Bromford Homes criteria. Subject to Terms and Conditions. Prices correct at time of going to press.</p> /news/news/2017/march/priory-manor,-ambrosden-–-open-day-25-march-10am-4pm/ http://www.bromfordhomes.co.uk/news/news/2017/march/priory-manor,-ambrosden-–-open-day-25-march-10am-4pm/ 14 March 2017 Cheswick Place - Open day 18 March <p><strong>If you're looking to get on the property ladder but think that home ownership is out of your reach, think again.</strong></p> <p>With our 'Help to Buy' shared ownership scheme you get all the benefits of owning your own home at a more affordable price - making the dream of owning a home a reality for many people who may not be able to afford to buy outright.</p> <p><img width="349" height="262" src="/media/618583/fulford_349x262.jpg" alt="Fulford" style="float: right;"/></p> <p>The two bedroom Fulford at <a href="/{localLink:5373}" title="Cheswick Place, Solihull">Cheswick Place</a> would make the perfect starter home and with the cost of a 40% share in one of these brand new homes being just £102,000* and deposits starting from as little as £5,100* you'll need to be quick to ensure you don't miss out.</p> <p>Built by Bloor Homes, the beautiful Fulford includes two double bedrooms, fitted kitchens with integrated appliances, modern bathroom suites and come complete with full gas central heating, double glazing and high performance insulation throughout. Turfed rear gardens and specially allocated parking ensure that the outside of your new home is as impressive as the well-designed interior.</p> <h3>Open day - Saturday 18 March 2017 - 10am - 4pm</h3> <p><strong>Plot 94 at&nbsp;</strong> <strong>Cheswick Place, Cheswick Green,&nbsp;</strong> <strong>Tanworth Lane, S</strong><strong>hirley, Solihull, B90 4JE.</strong></p> <p>Nothing beats having a good snoop around to get a real feel for a home and location, so why not come along to our open day on 18 March between 10am-4pm. You'll get a close up of the fabulous <a href="/{localLink:5373}" title="Cheswick Place, Solihull">homes on offer at Cheswick Place</a>&nbsp;and you can find out about the many benefits of buying a shared ownership home too.</p> <p><strong>To register your interest in attending the open day please</strong>&nbsp;<strong>complete the form below. The open day will be at plot 94, which you can find on the</strong>&nbsp;<strong>site plan.</strong></p> <p>Offering the charm of village life, Cheswick Green has everything you'd expect including a post office, newsagent, pharmacy, pub, doctor's surgery, village hall and a school. If you're more of a serious shopper, you'll find everything you need in Solihull which is less than five miles away - with the bright lights and big shops of Birmingham around 10 miles from your front door.</p> <p>Just a stone's throw from beautiful countryside, your new home is perfectly placed to take advantage of fantastic transport links with two train stations within three miles of the village and you'll also find easy access to the M42 and A34. If you're a bit of a jet-setter, you couldn't ask for a better location with Birmingham International Airport being just 10 miles away via the M42.</p> <p><strong>Please complete the form below to let us know that you're joining us on the day... we'd love to see you there.</strong></p> <?UMBRACO_MACRO formguid="561aa343-0444-4b72-befa-a976ac11bc75" macroAlias="umbracoContour.RenderForm" /> <p>&nbsp;</p> <p><strong>To give yourself the best chance of being accepted for a mortgage <a href="/news/blogs/2016/march/5-tips-to-boost-your-mortgage-chances/"> take a quick look at these five tips</a>.</strong></p> <p>* Prices equate to 40% share, monthly rent and service charges apply. &nbsp;Share purchases between 40% and 75%. &nbsp;Subject to HCA and Bromford Homes criteria. Subject to Terms and Conditions. Prices correct at time of going to press</p> /news/news/2017/march/cheswick-place-open-day-18-march/ http://www.bromfordhomes.co.uk/news/news/2017/march/cheswick-place-open-day-18-march/ 13 March 2017 Help to Buy Roadshows - Helping you to buy a home in the south of England <h3>Do you want to know a secret?</h3> <h3><img width="372" height="280" src="/media/630792/plot-15-16_372x280.jpg" alt="Stoneways banner" style="float: right;"/></h3> <p>Shared ownership is a fantastic way to get onto the property ladder but many people either haven't heard about it or don't realise just how good it is.</p> <p>There are a couple of Help to Buy Roadshows taking place in March so, if you're struggling to buy a home on the open market why not come and say hello.</p> <p>You'll find out all you need to know about buying a home with shared ownership and discover what new, and planned, developments there are in your area. This could be your first step to owning your very own home.</p> <p style="text-align: center;"><strong>It's free to attend - simply visit the Help to Buy website to reserve your place!<br /> <br /> </strong></p> <h3 style="text-align: center;">Help to Buy Roadshow - Oxford</h3> <p style="text-align: center;">11 March 2017 from 10am until 3pm at <a href="http://www.thekassamstadium.com/" target="_blank">The Kassam Stadium, Oxford</a></p> <h4 style="text-align: center;"><a href="http://www.helptobuyshow.co.uk/event/oxfordshirespring2017/" target="_blank">Register here to reserve your place<br /> <br /> </a> <a href="http://www.thekassamstadium.com/" target="_blank"></a></h4> <h3 style="text-align: center;">Help to Buy Roadshow - Swindon</h3> <p style="text-align: center;">18 March 2017 from 10am until 3pm at the <a href="https://www.phcompany.com/de-vere/alexandra-house/" target="_blank">De Vere Alexandra House, Swindon, Wiltshire</a></p> <h4 style="text-align: center;"><a href="http://www.helptobuyshow.co.uk/event/help-to-buy-south-partner-conference-3/" target="_blank">Register here to reserve your place<br /> <br /> </a></h4> <h3>Come along and chat with experts:</h3> <ul> <li>Get advice and a free assessment from independent financial advisors</li> <li>Get legal advice from solicitors about the buying process and what's involved when you purchase a property with shared ownership</li> <li>Meet house builders who can show you the homes available to buy near you.</li> </ul> <p>Don't worry if you're not already registered with your local Help to Buy agent. If you like what you hear at the show you can complete a quick application on the day.</p> <p>One thing is for sure, you'll leave the show with a clearer picture of whether shared ownership is for you and what type of affordable homes are available for you to buy. So, don't miss out - join us at the roadshow and meet our shared ownership experts Kirsty and Harj? who will be available to offer you all the help and advice you need. They will show you the affordable new homes we have available near you. Please pop by and say hello!</p> <p>You can find out how to make the most of your visit to a Help to Buy Show <strong><a href="http://www.helptobuyshow.co.uk/how-to-prepare-for-and-make-the-most-of-your-visit-to-a-help-to-buy-show/" target="_blank">here</a></strong>.&nbsp;</p> <p>Click on the images below to find out more about our current developments in the south of England.</p> <p><a href="/{localLink:5367}" title="Victoria Park, Banbury"><img width="200" height="200" src="/media/630776/victoria-park-module-image.png" alt="Victoria Park module"/></a>&nbsp;<a href="/{localLink:5385}" title="Priory Manor, Ambrosden"><img width="200" height="200" src="/media/630781/priory-manor-module-image.png" alt="Priory Manor module"/></a>&nbsp;<a href="/{localLink:5569}" title="Stoneways, Fairford"><img width="200" height="200" src="/media/630786/stoneways-module-image.png" alt="Stoneways module image"/></a></p> /news/news/2017/february/help-to-buy-roadshows-helping-you-to-buy-a-home-in-the-south-of-england/ http://www.bromfordhomes.co.uk/news/news/2017/february/help-to-buy-roadshows-helping-you-to-buy-a-home-in-the-south-of-england/ 22 February 2017 Your new home in Bishop's Cleeve <p><strong>Spring is just around the corner and the evenings are getting lighter so what better time to start thinking about buying your own home in the beautiful village of Bishop's Cleeve.</strong></p> <p><strong><img width="597" height="336" src="/media/629406/bishops-cleeve-where-you-want-to-be_597x336.jpg" alt="Bishops Cleeve - where you want to be"/></strong></p> <p>Offering the best of both town and country living the historic village of Bishop's Cleeve is the perfect location to set up home. You could be in your new home in plenty of time for the summer - and with Help to Buy Shared Ownership you could buy for a fraction of what you'd expect to pay to live in this idyllic location.</p> <p>Lying in beautiful surroundings at the foot of Cleeve Hill, the highest point in the Cotswolds and yet is only about three miles away from the Regency town of Cheltenham this historic village offers a wide variety of shops, two large superstores and a number of village pubs serving real ales and food.</p> <p>If you're looking for a family home, the village also has pre-school groups, primary and senior schools ensuring that all bases are covered when it comes to your child's education. There are plenty of opportunities to get involved in the local community too. The busy village boasts a good selection of sports and social clubs with activities including horse riding and mountain biking with fitness, art and language classes available for all ages.</p> <p>The&nbsp;Tithe Barnis the place to go to get involved in the village's regular activities, it's Grade II listed Tudor building is an important part of Bishop's Cleeve's heritage. It has a wide choice of activities and events on offer throughout the day and evening to suit all tastes.</p> <p>With junctions 9, 10 and 11 of the M5 around six miles away, your new home is perfectly placed if you need to commute. The M50 motorway, the A40 to Oxford and A46 to the Midlands are also within easy reach. Nearby Cheltenham railway station has links to London, Birmingham, Bristol, and other major UK cities.</p> <h3>Our developments</h3> <p>We have three locations for you to choose from all within a stone's throw of the centre of Bishop's Cleeve.</p> <h3>Cleeve View</h3> <p>We only have a couple of three bedroom homes left at <a href="/find-a-home/cleeve-view,-bishops-cleeve/new-homes-for-sale/" target="_blank">Cleeve View</a>.&nbsp;Built by Linden Homes and with prices from just £100,800* you'll have to be quick if the Langley takes your fancy.</p> <p><img width="600" height="450" src="/media/629451/the-langley-cleeve-view_600x450.jpg" alt="The Langley with header"/></p> <p>&nbsp;</p> <h3>The Homelands</h3> <p>Bovis Homes are the developers at the <a href="/find-a-home/the-homelands,-bishops-cleeve/new-homes-for-sale/" target="_blank">Homelands</a>&nbsp;where prices for our new homes start from just £54,000* for a modern one bedroom apartment, with two bed homes starting at £83,200* and the cost of the three bedroom Tredington starting from £100,000*.</p> <p><img width="600" height="450" src="/media/629466/the-woolstone_600x450.jpg" alt="The Woolstone with header"/></p> <p>&nbsp;</p> <h3>Abode</h3> <p>Taylor Wimpey have built the beautifully designed homes available at <a href="/find-a-home/abode,-bishops-cleeve/overview/" target="_blank">Abode</a>. Here you'll find three bedroom family homes from £101,200* - and the last of our two bedroom homes. The show home (with carpets throughout) is now available to buy… but with a deposit of just £4,180* it's sure to be snapped up soon.</p> <p><img width="600" height="450" src="/media/629461/the-prestbury_600x450.jpg" alt="The Prestbury with header"/></p> <p>&nbsp;T<strong>ake a walk through the show home...</strong></p> <?UMBRACO_MACRO description="" height="" width="" macroAlias="ProdoVideoEmbed" videourl="https://www.youtube.com/watch?v=6p2WTvIoczQ" /> <p>If you really want to buy your own home but can't quite afford to purchase outright, the Bromford Homes 'Help to Buy' shared ownership scheme gives you the chance to buy between a 40% and 75% share of the property − depending on how much you can afford and then pay low rent on the remaining share.</p> <p>For more details on all of our homes available call:&nbsp;<strong>0800 085 2499</strong>, or visit&nbsp;<a href="/" target="_blank">www.bromfordhomes.co.uk</a>.</p> <p>&nbsp;</p> <p>* Prices equate to 40% share, monthly rent and service charges apply. &nbsp;Share purchases between 40% and 75%. &nbsp;Subject to HCA and Bromford Homes criteria. Subject to Terms and Conditions. Prices correct at time of going to press.</p> <p>&nbsp;</p> /news/news/2017/february/your-new-home-in-bishops-cleeve/ http://www.bromfordhomes.co.uk/news/news/2017/february/your-new-home-in-bishops-cleeve/ 15 February 2017 Can I buy a shared ownership home? <p><img width="599" height="400" src="/media/626421/young-couple-with-laptop_599x400.jpg" alt="Young couple with laptop" style="display: block; margin-left: auto; margin-right: auto;"/></p> <p><strong>So you've read all about the benefits of shared ownership. You're sold on the idea of being able to buy your own home with a really low deposit and you're all set to get house hunting…but hold on just a second.</strong></p> <p>As shared ownership is designed to help more people get onto the housing ladder there are a few things that you need to know before you apply.</p> <p>There are many people who would love to buy their own home but just can't afford to. If buying on the open market is proving impossible, then shared ownership could be for you - as long as:</p> <ul> <li>Your household income is less than £80,000 a year</li> <li>You're at least 18 years old</li> <li>You have a good credit rating</li> <li>You have enough savings to cover the initial one-off costs involved in buying your home - things like solicitors' fees, upfront rent and the deposit required by a mortgage lender</li> <li>You're a first time buyer - but don't write the idea off if you're already a homeowner</li> <li>If your home no longer suits your needs and you can't afford to buy a suitable property without some help.</li> </ul> <p>If you can tick all of the above boxes then you're well on the way to becoming the proud owner of your very own home - but before you can buy, you <strong>need to register</strong>&nbsp;with your local Help to Buy agent. <strong><a href="https://www.helptobuy.gov.uk/equity-loan/find-helptobuy-agent/" target="_blank">Find your local agent</a></strong>.</p> <p>They'll guide you through the options open to you and will give you the registration number you need to be able to go ahead with your application to buy your shared ownership home.</p> <p>Once you've got your number you're good to go and you can find all of our current <a href="/find-a-home/" target="_blank">homes for sale here</a>. We've got loads of information about shared ownership so please feel free to take a good look around - <a href="/ways-to-buy/shared-ownership/" target="_blank">here's a good starting point</a>.</p> <h3>Buy at Honeystones in Bourton-on-the-Water with shared ownership</h3> <h4>From as little as £83,200 with a deposit as low as £4,160 for a 2-bed home&nbsp;</h4> <p>The pretty village of Bourton-on-the-Water is the perfect setting for your new home. Honeystones is just one mile from the centre of the village where you will find excellent shops, restaurants and schools.<strong>Click on the image below to <a href="/find-a-home/honeystones,-bourton-on-the-water/overview/?utm_source=Facebook&amp;utm_campaign=Bourton&amp;utm_medium=EligibilityAd"> find out more about Honeystones</a>.</strong></p> <p>&nbsp;<a href="/find-a-home/honeystones,-bourton-on-the-water/overview/?utm_source=Facebook&amp;utm_campaign=Bourton&amp;utm_medium=EligibilityAd" title="Honeystones, Bourton-on-the-Water"><img width="599" height="318" src="/media/629745/honeystones-banner-image_599x318.jpg" alt="Honeystones banner image"/></a></p> /news/news/2017/jan/can-i-buy-a-shared-ownership-home/ http://www.bromfordhomes.co.uk/news/news/2017/jan/can-i-buy-a-shared-ownership-home/ 27 January 2017 Bishop's Cleeve open day <p><strong>According to a recent <a href="http://uk.businessinsider.com/why-first-time-buyers-struggle-to-get-on-the-housing-ladder-in-britain-2016-1" target="_blank">report</a> you now need £221,000 to buy your first home in Britain.</strong></p> <p>It's not surprising then that one in four adult children still live with their parents and that home ownership is dwindling with more people likely to rent rather than own.</p> <p>But what if we told you that you could get on the housing ladder from as little as £54,000?*</p> <h2><strong>Open day - Saturday 21 January from 10am until 4pm</strong></h2> <p>The Homelands sits on the outskirts of the lively village of Bishop's Cleeve and here is where you'll find our beautifully designed one bedroom homes. The historic village of Bishop's Cleeve offers a wide variety of shops, two large superstores and a number of village pubs serving real ales and food - the ideal place to set up home.</p> <p>We've just had the keys to four, one bedroom apartments that are perfect for first-time buyers and we can't wait to show them off; so we're holding an open day on Saturday 21 January between 10am - 4pm.</p> <p>With the cost of a 40% share in one of these brand new apartments being just £54,000* and deposits starting from as little as £2,700* you'll need to be quick to ensure you don't miss out.</p> <p><img width="600" height="455" src="/media/610614/cgi-apts_600x455.jpg" alt="The Woolstone"/></p> <p>Built by Bovis Homes, these tasteful apartments have stylish fitted kitchens complete with washer dryer, built-in oven, hob and extractor hood, modern bathroom, one double bedroom, gas fired central heating, double glazing, high performance insulation, solar panels and an allocated parking space.</p> <p>To get a closer look at the Woolstone apartments (and our other homes in Bishops Cleeve) <a href="/find-a-home/the-homelands,-bishops-cleeve/overview/" target="_blank">click here.</a></p> <p><strong>Please complete the form below to let us know that you're joining us on the day... we'd love to see you there.</strong></p> <?UMBRACO_MACRO formguid="24db9865-5a56-4895-a0df-7b29a52140b1" macroAlias="umbracoContour.RenderForm" /> <p>&nbsp;</p> <p>* Prices equate to 40% share, monthly rent and service charges apply. &nbsp;Share purchases between 40% and 75%. &nbsp;Subject to HCA and Bromford Homes criteria. Subject to Terms and Conditions. Prices correct at time of going to press</p> /news/news/2017/jan/bishops-cleeve-open-day/ http://www.bromfordhomes.co.uk/news/news/2017/jan/bishops-cleeve-open-day/ 13 January 2017 Help to Buy Roadshow 2017 – Midlands <p><img width="250" height="167" src="/media/622021/Help-to-Buy-Roadshow-Midlands_250x167.jpg" alt="Help To Buy Roadshow Midlands" style="float: right;"/>Join us at the Help to Buy Roadshow in Birmingham between 10am and 4pm on Saturday 28 January 2017 to find out all about shared ownership and see how we can help you buy a home of your own.</p> <h3>Low deposits from just 5% - Perfect for first-time buyers</h3> <p>If you can't afford to buy a home on the open market, shared ownership offers a fantastic opportunity to get your foot on the property ladder.</p> <p><strong>All you need to know about shared ownership:</strong></p> <ul> <li>Get financial help and legal advice - you can even get a free mortgage assessment on the day.</li> <li>Find out where the new shared ownership developments are in the Midlands.</li> <li>Visit the pop up cinema to watch short films showing: <ul> <li>How the process works</li> <li>The developments in your area</li> <li>Stories from home owners who've moved into their brand new homes.</li> </ul> </li> </ul> <h3 style="text-align: center;">It's all free - Visit the Help to Buy website to <a href="https://www.helptobuymidlands.co.uk/birmingham-roadshow" target="_blank">book your free tickets today</a>!</h3> <p>Don't miss out - join us on the day to find out more and chat to our shared ownership experts Kirsty and Harj who will be on hand offering you a wealth of help and advice. They will show you our stunning new homes available now in the Midlands. So please pop by and say hello!</p> <p><strong>The Help to Buy Roadshow runs&nbsp;from 10am until 4pm&nbsp;on Saturday 28<span style="font-size: 1em;">th</span><span style="font-size: 1em;">January 2017 at:&nbsp;</span></strong> Birmingham City Football Club,&nbsp;St Andrews Stadium,&nbsp; Birmingham,&nbsp; B9 4RL.</p> <p>Click on the images below to find out more about our current developments across the Midlands.</p> <p><a href="/{localLink:5373}" title="Cheswick Place, Solihull"><img width="200" height="200" src="/media/621779/cheswick-place-solihull-module.png" alt="Cheswick Place module"/></a>&nbsp;&nbsp;<a href="/{localLink:4466}" title="Wychbury Fields, Hagley"><img width="200" height="200" src="/media/621784/wychbury-fields-hagley-module.png" alt="Wychbury Fields module"/></a>&nbsp;&nbsp;<a href="/find-a-home/walmley-croft,-walmley/overview/"><img width="200" height="200" src="/media/622014/walmley-croft-module.png" alt="Walmley Croft module"/></a></p> <p>&nbsp;</p> /news/news/2017/jan/help-to-buy-roadshow-2017-–-midlands/ http://www.bromfordhomes.co.uk/news/news/2017/jan/help-to-buy-roadshow-2017-–-midlands/ 11 January 2017 Money for nothing <p><strong>Have you heard about the Help to Buy ISA?</strong></p> <p>If you haven't, you need to read this.</p> <p>If you're saving to buy your first home, for every £200 you save, the Government will give you £50.</p> <p>You could receive a maximum of £3,000 from the Government to help you buy your first home - if you save £12,000, the Government will give you £3,000.</p> <p>It gets better - if you're buying as a couple you can each open a Help to Buy ISA - meaning that you could receive up to £6,000 towards your new home.</p> <p>What's the catch? Well there isn't one! The only condition attached to receiving the extra money is that you must&nbsp;use your savings to buy a home. It's worth noting that the bonus earned from the ISA cannot be used for the deposit due at the exchange of contracts, to pay for solicitor's, estate agent's fees or any other indirect costs associated with buying a home. You will need to keep some savings back for these fees.</p> <p><strong>So, if you're looking to get on the housing ladder and want to find out more, watch this short video…</strong></p> <?UMBRACO_MACRO description="" height="400" width="600" macroAlias="ProdoVideoEmbed" videourl="https://youtu.be/wXRnLOboug8" /> <p><strong>&nbsp;For all the information you need, including an ISA calculator take a <a href="https://www.helptobuy.gov.uk/help-to-buy-isa/how-does-it-work/" target="_blank">look here</a>.<br /> </strong></p> /news/news/2016/october/money-for-nothing/ http://www.bromfordhomes.co.uk/news/news/2016/october/money-for-nothing/ 31 October 2016 What do you think about shared ownership now? <p>If you've never thought about shared ownership we've only got one question for you - why not?</p> <p>It always surprises us to hear that there are loads of people looking to own their own home who have either never heard about shared ownership or never considered it as an option.</p> <p>Where else in Gloucestershire could you could get on the housing ladder with a deposit of just £4,100*?</p> <p>One of our stunning homes at the <a href="/find-a-home/phillips-lea,-kemble/overview/">Phillips Lea development</a> in the tranquil village of Kemble could be yours for just £82,000*.</p> <p><strong>So what do you think about shared ownership now?</strong></p> <p>By using the shared ownership scheme one of our charming 2 and 3 bedroom homes at Phillips Lea could be yours for a fraction of what you'd expect to pay to live in this idyllic location.<img width="308" height="296" src="/media/596478/eastcourt-cgi-cropped_308x296.jpg" alt="Eastcourt" style="float: right;"/></p> <p>Built by Bovis Homes, a national housebuilder with&nbsp;a reputation for design, flair and quality, our homes include fitted kitchens with integrated appliances, modern bathroom suites, double glazing and high performance insulation throughout. Turfed rear gardens, accessed by French doors, and specially allocated parking ensure that the outside of your new home is as impressive as the well-designed interior. Our homes at Phillips Lea also have Eco-friendly heating throughout in the shape of air source heat pumps.</p> <p>Surrounded by glorious countryside, the serene village of Kemble is the perfect setting for your new home. The tree lined lanes lead to a traditional pub, primary school, Post Office and parish church. If you decide to make Phillips Lea your home, a picture-perfect village awaits.</p> <p>Sitting on the edge of the edge of the Cotswolds, Phillips Lea is perfectly placed to enjoy the beautiful countryside and surrounding towns and villages. The village has its own Post Office and shop with nearby Cirencester offering a mix of high street stores, restaurant and boutiques to cater for all needs; with the unmissable Cirencester Charter Market taking place every Friday in the Market Place.</p> <p>The busy mainline train station, with links to Swindon, London Paddington, Gloucester and Cheltenham, makes Kemble a firm favourite with commuters. Just four miles from the market town of Cirencester, the quiet village of Kemble is perfect if you're looking for peace and tranquillity.</p> <p><img width="319" height="282" src="/media/596468/culkerton-cgi-cropped_319x282.jpg" alt="Culkerton" style="float: left;"/></p> <p>If you really want to buy your own home but can't quite afford to purchase outright, the Bromford Homes 'Help to Buy' shared ownership scheme gives you the chance to buy between a 40% and 75% share of the property − depending on how much you can afford and then pay low rent on the remaining share. And with the changes that came into effect <a href="/{localLink:5164}" title="More opportunities to get on the housing ladder">earlier this year</a>,&nbsp;the opportunity to get on the housing ladder through the shared-ownership route is now open to more prospective buyers than ever before.</p> <p>For more details on all of our homes available call:&nbsp;<strong>0800 085 2499</strong>, or visit&nbsp;<a href="/" target="_blank">www.bromfordhomes.co.uk</a>.</p> <p>&nbsp;</p> <p>* Prices equate to 40% share, monthly rent and service charges apply. &nbsp;Share purchases between 40% and 75%. &nbsp;Subject to HCA and Bromford Homes criteria. Subject to Terms and Conditions. Prices correct at time of going to press.</p> /news/news/2016/july/what-do-you-think-about-shared-ownership-now/ http://www.bromfordhomes.co.uk/news/news/2016/july/what-do-you-think-about-shared-ownership-now/ 13 July 2016 Make historic Bloxham your home <p>Steeped in history, Bloxham boasts its own museum, a large medieval conservation area and St. Mary's Church, parts of which date back to the 12<sup>th</sup> century. But there is nothing ancient about our homes at <a href="/{localLink:5112}" title="Overview">Wellington Park</a>.</p> <p><img width="310" height="441" src="/media/599633/Bloxham-church_310x441.jpg" alt="Bloxham Church" style="float: left;"/></p> <p>Your new home is waiting for you on the edge of this historic village that even gets a mention in the Domesday Book. With traditional pubs, a Post Office, delicatessen and couple of local schools Bloxham has&nbsp;the kind of welcoming, community feel that you'd expect from an idyllic rural setting.</p> <p>Our beautiful two bedroom homes at Wellington Park are built by Bovis Homes and all include fitted kitchens with integrated appliances, modern bathroom suites and come with gas central heating, double glazing and high performance insulation throughout. Turfed rear gardens and specially allocated parking complete the package and with prices for our two bedroom homes from as little as £98,000* and deposits as low as £4,900 your dream of owning your own home could soon become a reality.</p> <p>Set on the edge of the Cotswolds, Wellington Park is perfectly placed for you to take advantage of the spectacular countryside and the charming towns and villages in the surrounding area. Bloxham is home to all the essentials you'd expect including a chemist and supermarket but if you fancy a bit of retail therapy, the canal-side Castle Quays shopping centre with its plethora of stores and restaurants is just four miles away in Banbury.</p> <p>If you really want to buy your own home but can't quite afford to purchase outright, the Bromford Homes 'Help to Buy' shared ownership scheme gives you the chance to buy between a 40% and 75% share of the property − depending on how much you can afford and then pay low rent on the remaining share. And with the changes that came into effect <a href="/{localLink:5164}" target="_blank" title="More opportunities to get on the housing ladder">earlier this year</a>,&nbsp;the opportunity to get on the housing ladder through the shared-ownership route is now open to more prospective buyers than ever before.</p> <p><img width="600" height="450" src="/media/580377/the-hempton-type-sh229_600x450.jpg" alt="Hempton"/></p> <p>To get a closer look at the homes available, why not take a look at the <a href="https://www.joomag.com/magazine/bromford-homes-brochures-wellington-park/0577777001459429145?short" target="_blank">Wellington Park brochure</a>.</p> <p>For more details on all of our homes available call:&nbsp;<strong>0800 085 2499</strong>, or visit&nbsp;<a href="/" target="_blank">www.bromfordhomes.co.uk</a>.</p> <p>* Prices equate to 40% shared, monthly rent and service charges apply. &nbsp;Share purchases between 40% and 75%. &nbsp;Subject to HCA and Bromford Homes criteria. Subject to Terms and Conditions. Prices correct at time of going to press.</p> /news/news/2016/june/make-historic-bloxham-your-home/ http://www.bromfordhomes.co.uk/news/news/2016/june/make-historic-bloxham-your-home/ 15 June 2016 A new home for £98,000 - What the Dickens is that all about? <p>With <a href="http://www.zoopla.co.uk/house-prices/browse/dickens-heath/?q=%20Dickens%20Heath%2C%20Shirley%2C%20Solihull%20B90" target="_blank">average house-prices</a>&nbsp;in Dickens Heath being more than £311,000, the opportunity to buy your own home for as little as £98,000* is something that surely can't be ignored.</p> <p>Unsurprisingly, the homes on the first phase of this fabulous development are all now reserved. Don't despair though, our upcoming open day gives you the perfect opportunity to get in early and reserve your dream home.</p> <p>The delightful semi-rural location of this charming village offers you the best of all worlds. Dickens Heath is home to a good selection of restaurants, bars, shops and a school whilst being perfectly placed to take advantage of the glorious countryside that sits on your doorstep. If you need to commute there's easy access to the M42, A34 and the A435; and if you're a bit of a jet-setter, you couldn't ask for a better spot with Birmingham International Airport just 10 miles away.</p> <p>The Paddocks is the perfect choice if you're looking to set up home with your family. Offering a good selection of schools and colleges within minutes of the village and with the Stratford-upon-Avon canal being just a stone's throw from your new home, what better place to take a stroll to enjoy the wildlife and make the most of the country air.</p> <p><img width="600" height="358" src="/media/598386/stratford-upon-avon_canal_at_dickens_heath-_solihull__600x358.jpg" alt="Dickens Heath canal"/></p> <h3><strong>Open day - Saturday 1 October from 10am until 4pm</strong></h3> <p>Nothing beats having a good snoop around to get a real feel for a home and location, so why not come along to our open day on 1 October between 10am-4pm. You'll get a close up of the fabulous homes on offer at <a href="/{localLink:5051}" target="_blank" title="Overview">The Paddocks</a> and you can find out about the many benefits of buying a shared ownership home too. &nbsp;&nbsp;</p> <p><strong>To register your interest in attending the open day please <a href="#Form">complete the form below</a>. The open day will be at plot 69, which you can find on the <a href="/{localLink:5053}" target="_blank" title="The site plan">site plan</a>.</strong></p> <p>Our homes at The Paddocks are built by the award-winning David Wilson Homes and all include fitted kitchens with integrated appliances, modern bathroom suites and come complete with full gas central heating, double glazing and high performance insulation throughout. Turfed rear gardens and specially allocated parking ensure that the outside of your new home is as impressive as the well-designed interior.</p> <p>With our 'Help to Buy' shared ownership scheme you get all the benefits of owning your own home at a more affordable price - making the dream of owning a home in this delightful semi-rural location a reality for many people who may not be able to afford to buy outright. A two-bedroom home at The Paddocks can be bought for as little as £98,000* with a deposit as low as £4,900.</p> <p>The open day will take place from 10:00am at plot 69 at <a href="/{localLink:5051}" target="_blank" title="Overview">The Paddocks</a> development on Rumbush Lane, Dickens Heath.</p> <p>For information on the open day, or to get more details on the homes available call: 0800 085 2499</p> <p><img width="300" height="225" src="/media/587528/cheswick_300x225.jpg" alt="The Cheswick" style="float: left;"/></p> <p>&nbsp;<img width="300" height="225" src="/media/591408/earlswood_300x225.jpg" alt="The Earlswood"/></p> <p>&nbsp;</p> <p>To get a closer look at the homes available, why not take a look at <a href="https://www.joomag.com/magazine/bromford-homes-brochures-the-paddocks/0572874001461575967?short" target="_blank">The Paddocks brochure</a>.</p> <p>&nbsp;</p> <p>For more details on all of our homes available call:&nbsp;<strong>0800 085 2499</strong>, or visit&nbsp;<a href="/">www.bromfordhomes.co.uk.</a></p> <p>* Prices equate to 40% share, monthly rent and service charges apply. &nbsp;Share purchases between 40% and 75%. &nbsp;Subject to HCA and Bromford Homes criteria. Subject to Terms and Conditions. Prices correct at time of going to press.</p> <?UMBRACO_MACRO formguid="0335efc0-6dba-44a9-b512-f49f75a39f76" macroAlias="umbracoContour.RenderForm" /> <p>&nbsp;</p> <p>&nbsp;</p> /news/news/2016/may/a-new-home-for-£98,000-what-the-dickens-is-that-all-about/ http://www.bromfordhomes.co.uk/news/news/2016/may/a-new-home-for-£98,000-what-the-dickens-is-that-all-about/ 26 May 2016 Fit for a king <p>The beautiful market town of Tetbury with its connections to royalty provides the perfect location for the more discerning home-owner. Quercus Grange is just a stone's throw away from the busy town centre which sits less than two miles from the Highgrove home of Prince Charles and The Duchess of Cornwall.</p> <p>Renowned for its large selection of antique and specialised shops, the thriving town of Tetbury is built around its outstanding seventeenth-century Market Hall. With the majority of the shops independently owned, the town offers a personal touch and level of service that has long since vanished from many high streets. The towns many restaurants, cafes, tea-rooms and pubs mean that you're never too far from a refreshing drink or mouth-watering meal.</p> <p>&nbsp;<img width="599" height="399" src="/media/593994/westonbirt_house_599x399.jpg" alt="Westonbirt House"/></p> <p>Westonbirt House</p> <p>Your new home is waiting for you on the edge of the bustling town that's known as the jewel in the Cotswolds crown; ideally situated to take advantage of Tetbury's many services whilst also allowing you easy access to open countryside and the plethora of attractions available on your doorstep. These include the National Arboretum at Westonbirt and the glorious Elizabethan Chavenage&nbsp;House, not forgetting HRH Prince of Wales' unique garden at Highgrove.</p> <p>Our homes at Quercus Grange are built by Bovis Homes, a national housebuilder with&nbsp;a reputation for design, flair and quality and all come complete with fitted kitchens including built-in oven, hob and extractor, gas central heating, double glazing and high performance insulation. Stylish bathrooms, turfed rear gardens and specially allocated parking spaces complete the package.</p> <p>With our 'Help to Buy' shared ownership scheme you get all the benefits of owning your own home at a more affordable price - making the dream of owning a home in this historic location a reality for many people who may not be able to afford to buy outright. A two-bedroom home at Quercus Grange can be bought for as little as £77,200* with a deposit as low as £3,860 and a three-bed semi-detached home from £94,800* with deposits from £4,740.</p> <p><img width="300" height="225" src="/media/580335/the-doughton-type-sh203_300x225.jpg" alt="The Doughton" style="float: left;"/><img width="300" height="225" src="/media/580345/the-lasborough-type-sh350_300x225.jpg" alt="Lasborough" style="float: right;"/></p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>The&nbsp;<a href="http://joom.ag/HNiQ">Quercus Grange brochure</a>&nbsp;gives you a closer look at our available homes.</p> <p>For more details on all of our homes available call:&nbsp;<strong>0800 085 2499</strong>, or visit&nbsp;<a href="/{localLink:1075}" title="Home">www.bromfordhomes.co.uk.</a></p> <p>* Prices equate to 40% share, monthly rent and service charges apply. &nbsp;Share purchases between 40% and 75%. Subject to HCA and Bromford Homes criteria. Subject to Terms and Conditions. Prices correct at time of going to press.</p> /news/news/2016/april/fit-for-a-king/ http://www.bromfordhomes.co.uk/news/news/2016/april/fit-for-a-king/ 27 April 2016 Escape to 'Venice' <h3 class="blockquote"><strong>2 and 3 bedroom homes for sale at Honeystones, Bourton-on-the-Water</strong></h3> <p><strong>What better place to call home than somewhere that's regularly voted one of the prettiest villages in England? Honeystones is just one mile from the centre of the idyllic village of Bourton-on-the-Water with its excellent shops, restaurants and schools.</strong></p> <p>This charming village is situated in the heart of the Cotswolds and offers the kind of lifestyle that most of us can only dream of. Sitting on the delightfully named River Windrush with its gorgeous low stone bridges, Bourton-on-the-Water is known as the 'Venice of the Cotswolds' and offers its residents the best of all worlds.</p> <h3><strong>Register below and join us at&nbsp;</strong> our Open Day</h3> <h3>10 December 2016 - 10am till 3pm</h3> <p>Don't just take our word for it though: nothing beats having a good snoop around to get a real feel for a home and location, so please come along &nbsp;to our open day on 10 December between 10am-3pm and enjoy mince pies, fizz and mulled wine*. You'll get a close up of the two and three bedroom homes available and you'll also be in with a chance of winning a luxury food hamper just in time for Christmas.&nbsp;</p> <p>To register your interest in attending the open day <strong>please complete the form below</strong>. The open day will be at plot 68 , which you can find on the <a href="/{localLink:5098}" title="The site plan">site plan</a>.</p> <p><img width="597" height="426" src="/media/592786/bourton_on_the_water-for-story-small_597x426.jpg" alt="Bourton on the Water river" style="display: block; margin-left: auto; margin-right: auto;"/></p> <p>A vibrant local community and an abundance of outdoor activities including walking trails, nature reserves and beautiful country gardens and the tranquil river-side setting are perfect for escaping the hustle and bustle of modern life. Add to this the good commuter links, excellent schools, sports facilities, shops, pubs and restaurants and you can see why Bourton-on-the-Water is the perfect choice to set up home whatever your circumstances.</p> <p>Our homes at Honeystones are built by Linden Homes, a national housebuilder with a reputation for delivering distinctive and diverse new homes and all come complete with fitted kitchens including built-in oven, hob and extractor, gas central heating, double glazing and high performance insulation. Master bedrooms with fitted wardrobes, stylish bathrooms, turfed rear gardens and specially allocated parking spaces complete the package.</p> <p><img width="300" height="225" src="/media/580479/the-hazleton-type-l3ta_300x225.jpg" alt="Hazleton" style="float: left;"/><img width="300" height="225" src="/media/580474/the-chedworth-type-l2ta_300x225.jpg" alt="Chedworth" style="float: right;"/></p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>With our 'Help to Buy' shared ownership scheme you get all the benefits of owning your own home at a more affordable price - making the dream of owning a home in this idyllic location a reality for many people who may not be able to afford to buy outright. A two-bed semi-detached home at Honeystones can be bought for as little as £81,200** with a deposit as low as £4,060 and a three-bed semi-detached home from £102,000** with deposits from £5,100.</p> <p><strong>To get a closer look at the homes available, why not take a look at the&nbsp;<a href="http://joom.ag/fQbQ" target="_blank">Honeystones brochure</a>&nbsp;<a href="http://joom.ag/2ucp" target="_blank"></a></strong></p> <p><strong>For more details on all of our homes available call:&nbsp;0800 085 2499, or visit&nbsp;<a href="/">www.bromfordhomes.co.uk.</a></strong></p> <p>* Non alcoholic fizz and mulled wine</p> <p>** Prices equate to 40% share, monthly rent and service charges apply. Share purchases between 40% and 75%. &nbsp;Subject to HCA and Bromford Homes criteria. Subject to Terms and Conditions. Prices correct at time of going to press.</p> <h3>Register for the open day here:</h3> <?UMBRACO_MACRO formguid="2be99021-b48c-4b40-a0c1-c7b6890fc88a" macroAlias="umbracoContour.RenderForm" /> <p>&nbsp;</p> <p>(Picture of Bourton-on-the-Water courtesy of:&nbsp;</p> <p>Di Saffron Blaze - Opera propria, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=15012033)</p> /news/news/2016/april/escape-to-venice/ http://www.bromfordhomes.co.uk/news/news/2016/april/escape-to-venice/ 21 April 2016 A new home for summer <p><img width="350" height="233" src="/media/591523/bbq-family-small_350x233.jpg" alt="Family BBQ" style="float: left;"/><strong>There's nothing better than enjoying a nice cold drink in your garden with the BBQ sizzling away and the children playing on their new trampoline.</strong></p> <p>With summer just around the corner, what better time to make the most of this opportunity to buy one of only three homes remaining at Buckby Meadows in Northamptonshire?</p> <p>Sitting on the edge of the lively village of Long Buckby, your new home is just a short stroll from a variety of shops, restaurants and sports facilities and with prices for the three bedroom homes from as little as 82,000* and deposits as low as £4,000 your dream of owning your own home could become a reality.</p> <p>If you really want to buy your own home but can't quite afford to purchase outright, the Bromford Homes 'Help to Buy' shared ownership scheme gives you the chance to buy between a 40% and 75% share of the property, depending on how much you can afford, and then pay low rent on the remaining share. With the <a href="/{localLink:5164}" title="More opportunities to get on the housing ladder">changes</a> that came into effect earlier this year, the opportunity to get on the housing ladder through the shared ownership route is now open to more prospective buyers than ever before.</p> <p style="text-align: justify;">Our homes at Bucky Meadows are built by Bovis Homes, a national housebuilder with a reputation for design and flair and all come complete with fitted kitchens including oven, hob and extractor, gas central heating, double glazing and high performance insulation. Not forgetting that all-important turfed rear garden - perfect for those relaxing summer afternoons with the family.</p> <p><img width="500" height="359" src="/media/494518/hollowell-425x305_500x359.jpg" alt="The Hollowell" style="display: block; margin-left: auto; margin-right: auto;"/></p> <p>To get a closer look at the homes available, why not take a look at the <a href="http://joom.ag/2ucp" target="_blank">Buckby Meadows brochure.</a></p> <p>For more details on all of our homes available call:&nbsp;<strong>0800 085 2499</strong>, or visit&nbsp;<a href="/">www.bromfordhomes.co.uk.</a></p> <p>* Prices equate to 40% share, monthly rent and service charges apply. &nbsp;Share purchases between 40% and 75%. &nbsp;Subject to HCA and Bromford Homes criteria. Subject to Terms and Conditions. Prices correct at time of going to press.</p> /news/news/2016/april/a-new-home-for-summer/ http://www.bromfordhomes.co.uk/news/news/2016/april/a-new-home-for-summer/ 18 April 2016 Another chance to buy at Whittington Park <p>A further eight beautifully designed two and three bedroom homes are now available for prospective house hunters at the desirable Whittington Park in Longford.</p> <p>Owning your home can become a reality with Bromford Homes 'Help to Buy' shared ownership scheme. Instead of buying outright, you can buy between a 40% and 75% share of the property − depending on how much you can afford and then pay low rent on the remaining share.</p> <p><img width="380" height="340" src="/media/546245/the-rudford-no-solar_380x340.jpg" alt="Rudford" style="float: right;"/></p> <p>A two-bed terraced home on this site can be bought for as little as £68,000* with a deposit as low as £3,400 and a three-bed semi-detached home from £84,000* with a deposit as low as £4,200.</p> <p>Constructed by award winning developer Barratt Homes, the homes on offer have&nbsp;stylish fitted kitchens with a built-in oven, hob and extractor hood, downstairs cloakroom, double glazing and high performance insulation, gas fired central heating, great storage, allocated parking spaces and turfed rear garden.</p> <h3>Open Day</h3> <p>Pop along to Bromford Homes open day on Saturday 2 April and check out the great location of Whittington Park - ideally situated just a 10-minute drive from Gloucester. It's also the perfect location if you require great transport links with junction 11 of the M5 only five miles away. As well as being on the doorstep of Gloucester, the regal city of Cheltenham is just eight miles away too.</p> <p>Take a look at the <a href="http://joom.ag/aJVp" target="_blank">Whittington Park brochure</a>.</p> <p>A sneak preview of the stylish new homes will be available from 11am to 4pm and our friendly sales team will be joined by independent financial advisors and local estate agent who can offer essential advice.</p> <p>To register your interest in attending the open day please complete the form below, the open day will be at plot 44, which you can find on the <a href="/find-a-home/whittington-park,-longford/the-site-plan/">site plan</a>. If you need directions to the site please <a href="/find-a-home/whittington-park,-longford/map-and-directions/">click here</a>. Everyone attending&nbsp;will get the chance to win a deluxe food hamper.<br /> <br /> For more details on all of our homes available call: <strong>0800 085 2499</strong>, or visit&nbsp;<a href="/" target="_blank">www.bromfordhomes.co.uk</a>.<br /> <br /> * Prices equate to 40% shared, monthly rent and service charges apply. &nbsp;Share purchases between 40% and 75%. &nbsp;Subject to HCA and Bromford Homes criteria. Subject to Terms and Conditions. Prices correct at time of going to press.</p> <?UMBRACO_MACRO formguid="4e3af3d2-5fce-4fd8-9a78-572446d3b468" macroAlias="umbracoContour.RenderForm" /> /news/news/2016/march/another-chance-to-buy-at-whittington-park/ http://www.bromfordhomes.co.uk/news/news/2016/march/another-chance-to-buy-at-whittington-park/ 22 March 2016 5 tips to boost your mortgage chances <p><strong>With the recent changes to the rules around shared ownership giving more people the opportunity to get on the housing ladder we spoke to Justin Massey of <a href="http://www.indexmortgages.net/" target="_blank">Index Mortgages Limited</a>. Justin is a mortgage and protection advisor and has helped countless people through the process of buying shared ownership properties over the last 15 years. Here he gives some tips on what lenders look for when you apply for a mortgage to buy a shared ownership home.&nbsp;</strong></p> <p>The <a href="/{localLink:5164}" title="More opportunities to get on the housing ladder">new rules</a> have opened the door to more people than ever before to buy a shared-ownership property - but the flip-side to that is lenders are becoming increasingly strict on who they lend money to. So here are a few tips to help you get ready if you're thinking of buying a shared-ownership property over the next few months.</p> <p><strong><img width="61" height="60" src="/media/586630/one_61x60.jpg" alt="Number 1" style="float: left;"/>First things first</strong> - make sure you can show lenders that you can manage your money. This might sound obvious but you'd be surprised how many people I've seen whose bank statements show that they regularly go overdrawn. Even if it's only by a small amount, this could be frowned upon by lenders as they might assume it from your statement that you're not able to manage your finances. Another important thing to consider is to make sure that you pay all of your bills on time - any red mark on your record can contribute to you not being accepted for a mortgage.</p> <p><strong><img width="61" height="59" src="/media/586667/two_61x59.jpg" alt="Number 2" style="float: left;"/>Check your credit file</strong> - it's important to make sure that this is clear as lenders use this information to make decisions on whether you get a mortgage or not. Lenders look at credit reports to decide whether or not to approve customers for loans and mortgages. Your credit file gives a picture of how trustworthy you are when it comes to paying back money. It takes into account credit card repayment history, the frequency of credit applications and how often you've changed address so it's really important that your information is correct before applying for a mortgage.<br /> <br /> You can find out more about this and how you can check your credit file for free on the <a href="http://www.moneysavingexpert.com/loans/check-free-credit-report" target="_blank">money saving supermarket</a> website.</p> <p><strong><img width="61" height="59" src="/media/586672/three_61x59.jpg" alt="Number 3" style="float: left;"/>Make sure that you're registered on the electoral roll</strong> - many people don't realise that not being registered to vote can really hurt your chances of getting a mortgage. Not being on the full register can make it difficult to get any kind of credit as it can cause tracing and identification issues.</p> <p>If you need to register to vote, you can do so by clicking <a href="https://www.gov.uk/register-to-vote" target="_blank">here</a>.</p> <p><strong><img width="61" height="60" src="/media/586677/four_61x60.jpg" alt="Number 4" style="float: left;"/>A mortgage will usually be the largest loan</strong> most of us will ever apply for so it's crucial to show lenders that you're not taking the decision lightly. To give yourself a better chance of getting a mortgage, we recommend that you don't apply for any other type of credit in the three months prior to applying for a mortgage.</p> <p>&nbsp;</p> <p><strong><img width="61" height="59" src="/media/586682/five_61x59.jpg" alt="Number 5" style="float: left;"/>Your bank statements tell the story</strong> of your spending so it's essential that you keep them as clean as possible. With the rise of online gambling, many people now have accounts with bookmakers but this is something that could be frowned upon by lenders. Regardless of how much you spend on gambling it can be seen as risk and as such, could harm your chances of being accepted for a mortgage.</p> <p>The same principle applies to payday loans - from a lenders point of view, if you can't afford to manage day-to-day how will you afford to pay back the biggest loan that you'll probably ever have?</p> <p>&nbsp;</p> <p><strong>If you stick to this simple advice you will give yourself a far better chance of being accepted for a mortgage.</strong></p> <p><strong>These tips are just a guide and everyone's circumstances are different so I would advise you to talk to a financial advisor to get the best advice for you.&nbsp;</strong></p> <p>&nbsp;</p> /news/blogs/2016/march/5-tips-to-boost-your-mortgage-chances/ http://www.bromfordhomes.co.uk/news/blogs/2016/march/5-tips-to-boost-your-mortgage-chances/ 17 March 2016 Help to Buy Roadshow 2016 - Midlands <h4><img width="250" height="250" src="/media/585511/Help-to-Buy-Home-Logo_250x250.jpg" alt="Help To Buy Home Logo" style="float: right;"/>If you're looking to buy a home but think you can't afford it, shared ownership could be the answer.</h4> <p>There are some great opportunities for home buyers and the Birmingham Help to Buy Roadshow is just the place to get advice and information on shared ownership. Most schemes only require a 5 per cent deposit, which could make your home ownership dreams a reality.</p> <p>The Birmingham roadshow is being held at the Birmingham Repertory Theatre on Saturday 19 March where Harj and Dan from Bromford will be offering a wealth of help and advice. They will show you the stunning new homes on offer from Bromford in your area. Pop by and say hello.</p> <p>The roadshow runs between 10am and 4pm and there is free entry. We can help you in your search for a new affordable home - Take a look at the <a href="/media/585516/Help-to-Buy-Roadshow-Birmingham-19-March-2016.pdf" target="_blank">event leaflet</a> or visit the <a href="http://www.helptobuymidlands.co.uk/birmingham" target="_blank">Help to Buy Midlands website</a> to reserve your place now.</p> /news/news/2016/march/help-to-buy-roadshow-2016-midlands/ http://www.bromfordhomes.co.uk/news/news/2016/march/help-to-buy-roadshow-2016-midlands/ 07 March 2016 Help to buy homes show 2016 - South <h4>If you're looking to get on the housing ladder but think you can't afford it, think again.</h4> <p><img width="300" height="426" src="/media/584388/HtBSSpring16_Glouc_300x426.jpg" alt="Htbsspring16 Glouc" style="float: right;"/>There are some fantastic opportunities out there for buyers and the Help to Buy Homes Show is the perfect place to find out more information on shared ownership. With most schemes only requiring a 5 per cent deposit, your home ownership dreams could become a reality.</p> <p>The Gloucester show is being held at Hatherley Manor on Saturday 12 March and Kirsty and Tania from Bromford will be there offering their help and advice. They'll also be showing off the fabulous new homes we have available to buy in your area, so please come along and say hello.</p> <p>The show runs between 10am and 3pm and there is free entry, free parking and free advice to help you in your search for an affordable new home - Take a look at the <a href="/media/584393/HtBSSpring16_Gloucester.pdf" target="_blank">event leaflet</a> and visit the <a href="http://www.helptobuyshow.co.uk/event/help-to-buy-show-gloucestershire/" target="_blank">Help To Buy website</a>&nbsp;to reserve your place now.</p> <p>&nbsp;</p> <p>&nbsp;</p> /news/news/2016/february/help-to-buy-homes-show-2016-south/ http://www.bromfordhomes.co.uk/news/news/2016/february/help-to-buy-homes-show-2016-south/ 29 February 2016 New homes in Bishop’s Cleeve to get your hearts racing <p>If you started the year with hopes of getting on the property ladder, or if you're planning to pop the question on Valentine's day, don't miss out on Bromford Homes' special open day on Saturday 20 February to showcase their beautifully designed two bedroom properties at their new development '<a href="/{localLink:4967}" title="Abode, Bishop's Cleeve">Abode</a>'&nbsp;in the lively village of Bishop's Cleeve, Gloucestershire.</p> <p>There will be a chance to grab a sneak preview of these stylish new homes from 11am to 4pm and Bromford Homes' friendly sales team will be joined by independent financial advisors and local estate agents offering essential advice to potential house hunters.</p> <p><img width="549" height="434" src="/media/580260/Abode_549x434.jpg" alt="Abode" style="display: block; margin-left: auto; margin-right: auto;"/></p> <p>These homes come with the option of buying through our <a href="/{localLink:1446}" title="Shared ownership">'Help to Buy' shared ownership scheme</a> and offer a real solution for those who want to get on the property ladder but just don't have a large deposit. Instead of buying outright, you can buy between a 40% and 75% share of the property− depending on how much you can afford - and pay low rent on the remaining share. With our Help to Buy shared ownership scheme you get all the benefits of owning your own home, but for less. A two-bed semi-detached home on this site can be bought from as little as £92,000* with a deposit as low as £4,600 and a two-bed terraced home from £84,000* with a deposit as low as £4,200.</p> <p>Constructed by Taylor Wimpey, one of the largest residential developers in the UK, Bromford's homes offer stylish fitted kitchens with built-in oven, hob and extractor hood, bathroom, double glazing and high performance insulation, gas fired central heating, great storage, allocated parking spaces and turfed rear gardens.&nbsp;</p> <p>Kirsty Darby, area sales consultant at Bromford Homes said: "These brand new homes are particularly good news for local people following the research last year from the National Housing Federation that found this area particularly difficult for people to get on the housing ladder.</p> <p>"The open day is great chance for people to come down and see the 'Abode' site and view our high quality homes that are being built. Expert advice and refreshments will be on offer and all attendees will get the chance to win a deluxe food hamper."</p> <p>The open day will take place from 11:00am at plot 212 at the new Bishop's Cleeve development called '<a href="/{localLink:4967}" title="Abode, Bishop's Cleeve">Abode</a>', situated just off the A435.</p> <p>For information on the open day, or to get more details on the homes available call: 0800 085 2499.</p> <p>* Prices equate to 40% share, monthly rent and service charges apply. Share purchases between 25% and 75%. Subject to HCA and Bromford Homes criteria. Subject to Terms and Conditions. Prices correct at time of going to press.</p> /news/news/2016/february/new-homes-in-bishop’s-cleeve-to-get-your-hearts-racing/ http://www.bromfordhomes.co.uk/news/news/2016/february/new-homes-in-bishop’s-cleeve-to-get-your-hearts-racing/ 08 February 2016 More opportunities to get on the housing ladder <p><strong>If you've ever applied to buy a shared ownership property and been told that you earn too much - it might be worth looking again.</strong></p> <p>Shared ownership is an affordable way to get on the housing ladder for those who may not be able to afford to buy a home out-right, and the news for those looking to move into a new home has just got better.</p> <p><img width="349" height="262" src="/media/576429/anna_349x262.jpg" alt="Anna" style="float: left;"/></p> <p><strong>Income increase</strong></p> <p>New rules came into effect in January 2016 when the government made it possible for people (outside London) with an annual income of up to £80,000 to apply to buy a shared ownership home. The previous maximum threshold for annual household income was £60,000 so this £20,000 increase will offer many more people the opportunity of owning their own home.</p> <p><strong>House size</strong></p> <p>Until January 2016, there was also a restriction on the size of the home that you could buy depending on the size of your family. You were only allowed to buy a property with one more bedroom that your need. So, if you were single or a couple with no children, you could only apply for a one or two bedroom home; if you had one child that would increase to three bedrooms and so on.</p> <p>This restriction has now been lifted. This means that, as long as you can afford it, you're free to buy any size home you wish meaning that you can put down roots in a home in which you and your family can grow.</p> <p><strong>Service personnel</strong></p> <p><img width="350" height="236" src="/media/576439/toni-daughter_350x236.jpg" alt="Toni" style="float: right;"/></p> <p>Another change that could help more people onto the housing ladder is that there is now only one group of people who will be prioritised for the shared ownership scheme.</p> <p>Current and previous members of the British Armed Forces including clinical staff - but not doctors and dentists - MOD police</p> <p>Current Ministry of Defence (MOD) personnel who have completed their basic training (phase 1) along with those who served at least six years in the forces before leaving will be prioritised. All ex-service personnel must apply to buy within two years of leaving the forces and they must have been honourably discharged to be eligible. Surviving partners of service personnel who have died serving their country will also be given priority when they apply within two years of being bereaved.&nbsp;officers or uniformed staff in the defence fire service are the only ones who now get priority.</p> <p><img width="349" height="262" src="/media/576434/zak-and-selma-townsend-in-kitchen_349x262.jpg" alt="Zac" style="float: left;"/></p> <p>&nbsp;</p> <p><strong>Number of applications</strong></p> <p>Before the changes came into force, once you had used the scheme to buy a home, you were not able to move to another shared ownership property. This has now changed so if your family has grown since buying your home and are looking to move to a larger property but still can't afford to buy out-right, you are now allowed to use the scheme again - as long as you have a sale agreed on your current home.</p> <p>&nbsp;</p> <p><strong>These changes make shared ownership an attractive option for many more people who are struggling to afford to buy a home of their own so if you've applied before or are new to the house buying scene, why not give shared ownership a try.</strong></p> <p>To find out more about shared ownership and how the Help to Buy scheme could help you, take a look at&nbsp;<a href="/ways-to-buy/shared-ownership/%20">this story</a>&nbsp;or call&nbsp;<strong>0800 085 2491.</strong></p> <p>For the full announcement of the changes that came into force on 4 January 2016 please take a look at this on the&nbsp;<a href="https://www.gov.uk/guidance/capital-funding-guide/17-new-announcements" target="_blank">government website</a>.</p> /news/news/2016/january/more-opportunities-to-get-on-the-housing-ladder/ http://www.bromfordhomes.co.uk/news/news/2016/january/more-opportunities-to-get-on-the-housing-ladder/ 19 January 2016 Meet the homes team <p style="margin: 0cm 0cm 10pt; text-align: left;"><span style="font-family: Calibri; font-size: medium;">The Bromford Homes team responsible for shared ownership bring over 80 years of experience to help you get on the property ladder.</span></p> <p style="margin: 0cm 0cm 10pt;"><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"><img width="600" height="400" src="/media/561861/homes-team_600x400.jpg" alt="Homes team"/></span></span></p> <p style="margin: 0cm 0cm 10pt;"><span style="font-family: Calibri; font-size: medium;">Michelle Thompson, marketing assistant, has been with the team for over 20 years and also knows all about shared ownership from personal experience as she has been living in her shared ownership home for 18 years. She takes up the story: "My husband and I were in rented accommodation and desperately wanted to buy our own place.&nbsp;Although we were both in full-time employment and trying to save for our first home, we couldn't accumulate a large enough deposit. Working in this team, I realised that shared ownership could be a good option for us.</span></p> <p style="margin: 0cm 0cm 10pt;"><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"><img width="241" height="361" src="/media/561866/michelle-thompson-resized.png" alt="Michelle Thompson" style="float: left;"/></span></span></span></p> <p style="margin: 0cm 0cm 10pt;"><span style="font-family: Calibri; font-size: medium;">"It has worked so well from the start. We bought a 50 per cent share and could comfortably afford the legal fees and other expenses with the savings we had. Several years later we were able to buy the remaining share as my husband moved into a management role and I was fortunate to get annual pay increases too. We staircased which means we purchased the remaining share from Bromford and owned the property outright within five years of moving. It was such a quick and easy process and we have been able to stay and raise our family of three in a lovely three-bedroom detached home.</span></p> <p style="margin: 0cm 0cm 10pt;"><span style="font-family: Calibri; font-size: medium;">"Now the children are grown up we're looking to sell and we're confident it has been a great investment as we will be selling at a considerably higher value than we originally bought it."</span></p> <p style="margin: 0cm 0cm 10pt;"><span style="font-family: Calibri; font-size: medium;">Michelle isn't the only team member to benefit from shared ownership. Dan, of the new homes sales team (pictured second right, front row) was living with his parents at the age of 26 and wanted to move out. He said: "By working in the team and completing applications and shared ownership purchases, it made me start to think about it as an option. I hadn't really thought about the idea of buying a shared ownership property and had considered renting, but didn't believe that it would be a good investment.</span></p> <p style="margin: 0cm 0cm 10pt;"><span style="font-family: Calibri; font-size: medium;">"A resale property came on the market, which I saw on the estate agent's website, so I drove to the area to look at it and then arranged a viewing. I completed an affordability assessment and was able to afford a 50 per cent share. From application to moving in was only three months and it was really straightforward. When I moved in, it was strange not to be living in the family home but it was a great feeling to be independent and I felt very proud to have my own home.</span></p> <p style="margin: 0cm 0cm 10pt;"><span style="font-family: Calibri; font-size: medium;">"I have been there for nearly eight years now and am saving to move - I am in a two-bedroom apartment but I would like to be in a two-bedroom house. I am planning on making some improvements to the kitchen and bathroom in the near future and then will look to sell. I will definitely consider the shared ownership route again."</span></p> /news/news/2015/november/meet-the-homes-team/ http://www.bromfordhomes.co.uk/news/news/2015/november/meet-the-homes-team/ 09 November 2015 Super Saturday launch for St Georges Court showhome <p><span style="font-family: Calibri;"><span style="font-size: medium;">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.</span></span></p> <p><span style="font-family: Calibri;"><span style="font-size: medium;">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.</span></span></p> <p><span style="font-family: Calibri; font-size: medium;">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.</span></p> <p><object width="640" height="430"><param name="flashvars" value="offsite=true&amp;lang=en-us&amp;page_show_url=%2Fphotos%2Fbromfordgroup%2Fsets%2F72157659432168318%2Fshow%2F&amp;page_show_back_url=%2Fphotos%2Fbromfordgroup%2Fsets%2F72157659432168318%2F&amp;set_id=72157659432168318&amp;jump_to=" /> <param name="movie" value="https://www.flickr.com/apps/slideshow/show.swf?v=261948265" /> <param name="allowFullScreen" value="true" /> <embed type="application/x-shockwave-flash" width="640" height="430" src="https://www.flickr.com/apps/slideshow/show.swf?v=261948265" allowfullscreen="true" flashvars="offsite=true&amp;lang=en-us&amp;page_show_url=%2Fphotos%2Fbromfordgroup%2Fsets%2F72157659432168318%2Fshow%2F&amp;page_show_back_url=%2Fphotos%2Fbromfordgroup%2Fsets%2F72157659432168318%2F&amp;set_id=72157659432168318&amp;jump_to=" /></object></p> <p><span style="font-family: Calibri;"><span style="font-size: medium;">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.</span></span></p> <p><span style="font-family: Calibri; font-size: medium;">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.</span></p> <p><span style="font-family: Calibri; font-size: medium;">"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.</span></p> <p><span style="font-family: Calibri; font-size: medium;">"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.</span></p> <p><span style="font-family: Calibri; font-size: medium;">"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.</span></p> <p><span style="font-family: Calibri; font-size: medium;">"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."</span></p> <p><span style="font-family: Calibri; font-size: medium;">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.</span></p> <p><span style="font-family: Calibri; font-size: medium;">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.</span></p> <p><span style="font-family: Calibri; font-size: medium;">"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."</span></p> <p><span style="font-family: Calibri; font-size: medium;">"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."</span></p> <p><span style="font-family: Calibri;"><span style="font-size: medium;">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</span></span> <a href="mailto:sales@bromford.co.uk"><span style="color: #0000ff; font-family: Calibri; font-size: medium;">sales@bromford.co.uk</span></a><span style="font-family: Calibri;"><span style="font-size: medium;">and can also keep track by following us on Twitter @BromfordHomes.</span></span></p> <p><span style="font-family: Calibri; font-size: medium;">* £55,000 represents a minimum 40% share of a two-bed house costing £137,500.</span></p> <p><span style="font-family: Calibri; font-size: medium;">** £62,000 represents a minimum 40% share of a three-bed house costing £155,000.</span></p> /news/news/2015/october/super-saturday-launch-for-st-georges-court-showhome/ http://www.bromfordhomes.co.uk/news/news/2015/october/super-saturday-launch-for-st-georges-court-showhome/ 14 October 2015 Shared ownership Q&A <p><strong><span style="font-family: Calibri; font-size: medium;">Do you want to buy a home but not sure you can afford it?</span></strong></p> <p><strong><span style="font-family: Calibri;"><span style="font-size: medium;">Have you heard about shared ownership but are confused about it?</span></span></strong></p> <p><span style="font-family: Calibri; font-size: medium;">If you answered yes to either of these questions, help is at hand.</span></p> <p><span style="font-family: Calibri; font-size: medium;">Join our friendly team of Home experts on Wednesday, 18 November where we will be able to tackle any confusion surrounding shared ownership.</span></p> <p><span style="font-family: Calibri; font-size: medium;">We will be waiting to take your questions on Facebook and Twitter between 7 and 8pm (using the hashtag #Buyingahome) for an exclusive live Q&amp;A session.</span></p> <p>&nbsp;<span style="font-family: Calibri; font-size: medium;"><img width="600" height="400" src="/media/557580/family-on-computers_600x400.jpg" alt="Family on computers"/></span></p> <p><span style="font-family: Calibri; font-size: medium;">If you can't join us then, we'd still love to hear from you in advance with your questions. Email us on&nbsp;<a href="mailto:sales@bromford.co.uk">sales@bromford.co.uk</a> or call 0800 085 2499.</span></p> <p><span style="font-family: Calibri;"><span style="font-size: medium;">There are <strong>six £50 high street vouchers</strong> up for grabs so get involved and don't miss out!</span></span></p> <p><span style="font-family: Calibri; font-size: medium;">These are some frequently asked questions we receive:</span></p> <p><strong><span style="font-family: Calibri; font-size: medium;">Is shared ownership only available for first time buyers?</span></strong></p> <p><strong><span style="font-family: Calibri; font-size: medium;">By part renting, are you really a property owner?</span></strong></p> <p><strong><span style="font-family: Calibri; font-size: medium;">Where do I find shared ownership homes?</span></strong></p> <p><span style="font-family: Calibri; font-size: medium;">You'll also have the opportunity to put questions to customers who have recently bought a shared ownership home and financial advisors will be on hand.</span></p> <p><span style="font-family: Calibri; font-size: medium;">We look forward to hearing from you!</span></p> /news/news/2015/october/shared-ownership-qa/ http://www.bromfordhomes.co.uk/news/news/2015/october/shared-ownership-qa/ 09 October 2015 Toni and Lana move in <p style="text-align: left;"><span style="font-family: Calibri; font-size: medium;"><img width="510" height="340" src="/media/552543/toni-birmingham-and-lana-510.jpg" alt="Toni and Lana outside house"/></span></p> <p><span style="font-family: Calibri; font-size: medium;">Toni and her six-year-old daughter have just moved into their new two-bedroom home in the Acorns in Shirley.</span></p> <p><span style="font-family: Calibri; font-size: medium;">We caught 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 I."</span></p> <p><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"><img width="465" height="310" src="/media/552553/toni-and-lana-on-sofa-510.jpg" alt="Toni and Lana on sofa" style="width: 509px; height: 307px;"/></span></span></p> <p><strong><span style="font-family: Calibri; font-size: medium;">So did you know about shared ownership before?</span></strong></p> <p><span style="font-family: Calibri; font-size: medium;">"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 solution."</span></p> <p><span style="font-family: Calibri; font-size: medium;"><strong>How was the process?</strong></span></p> <p><span style="font-family: Calibri; font-size: medium;">"Easy! I 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."</span></p> <p><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"><img width="510" height="340" src="/media/552558/toni-in-kitchen-510.jpg" alt="Toni in kitchen" style="width: 526px; height: 342px;"/></span></span></span></p> <p><strong><span style="font-family: Calibri; font-size: medium;">How affordable is it?</span></strong></p> <p><span style="font-family: Calibri; font-size: medium;">"I had 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.&nbsp; My payments now - including service charge, insurance, rent and mortgage -&nbsp;are £630. Private rent on a comparable house in this area would be £800 to £850."</span></p> <p><strong><span style="font-family: Calibri; font-size: medium;">Why this house?</span></strong></p> <p><span style="font-family: Calibri; font-size: medium;">"I wanted 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 family nearby."</span></p> <p><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"><span style="font-family: Calibri; font-size: medium;"><img width="540" height="359" src="/media/552563/toni-and-lana-by-stairs-510.jpg" alt="Toni and Lana by stairs" style="width: 590px; height: 371px;"/></span></span></span></p> <p><strong><span style="font-family: Calibri; font-size: medium;">So what are your plans for the future?</span></strong></p> <p><span style="font-family: Calibri; font-size: medium;">"I hope to increase my share but if don't, I know I can sell. This has enabled me to get on the property ladder."</span></p> <p><strong><span style="font-family: Calibri; font-size: medium;">Would you recommend it to others?</span></strong></p> <p><span style="font-family: Calibri; font-size: medium;">"Yes. It's definitely been a good thing and was a smooth process."</span></p> <p>&nbsp;</p> <p><strong><span style="font-family: Calibri; font-size: medium;">Click <a href="/{localLink:1182}" title="Find a home">here</a> to take a look at our homes avaiilable to buy now with shared ownership.</span></strong></p> /news/news/2015/september/toni-and-lana-move-in/ http://www.bromfordhomes.co.uk/news/news/2015/september/toni-and-lana-move-in/ 03 September 2015 New shared ownership homes in Longford <p>Bromford Homes is offering new two and three-bedroom houses in Whittington Park, Gloucester, made affordable with the option of buying with shared ownership. &nbsp;</p> <p>The homes are ideally located for commuters with the M5 motorway close by and less than two miles from Gloucester city centre with all its amenities.</p> <p><img width="597" height="396" src="/media/546215/8232462-exterior02-800-web_597x396.jpg" alt="Area 2"/></p> <p>Alan Bradley, head of sales said: "These homes are particularly good news following research from the National Housing Federation that found this area particularly difficult for people to get on the housing ladder. Now is the time for people to take shared ownership seriously as the number of renters under 40 continues to rise and the average first-time buyer needs a £30,000 deposit.</p> <p>"Compare this with being able to buy a typical 40 per cent share in a two-bed Rudford house here which will cost £72,000, with either a five per cent deposit of £3,600 or a ten per cent deposit of £7,200; or a 40 per cent share in a three-bed Tibberton house which will cost £90,000, with a five per cent deposit of £4,500 or a ten per cent deposit of £9,000."</p> <p><img width="597" height="482" src="/media/546250/the-tibberton-597.jpg" alt="Tibberton"/></p> <p>Many people aren't even aware of shared ownership which offers a real solution for those who want to get on the property ladder but just don't have a large deposit. The beauty of this option is that it can be cheaper than renting but with the benefit of owning your own home. It also offers more security as a landlord can terminate a tenancy at any time whereas these properties have a 125-year lease."</p> <p>Shared ownership offers the chance to buy a share in a brand new home on a part buy/part rent basis and pay a subsidised rent on the part not owned. People can buy between 25 and 75 per cent and buy more as and when they can afford to.</p> <p>The new houses will be ready to view from September. For more information on the development, contact Bromford on 0845 6010 878.</p> /news/news/2015/august/new-shared-ownership-homes-in-longford/ http://www.bromfordhomes.co.uk/news/news/2015/august/new-shared-ownership-homes-in-longford/ 18 August 2015 St Georges Court <p>Work is well under way on a new large-scale development of two, three and four-bedroom homes as well as two bungalows in <a href="/find-a-home/st-georges-court,-telford/overview/">St Georges Court, Telford.</a></p> <p><img width="600" height="450" src="/media/547863/beckbury_600x450.jpg" alt="Beckbury"/></p> <p>18 of the properties will be available on a <a href="/{localLink:1446}" title="Shared ownership">shared ownership</a> basis offering local residents the opportunity to get on the housing ladder with a lower deposit as part-buy, part rent. The 45-home development, being built by Bromford's in-house construction team, will neighbour award-winning Priors Leap, Bromford's first outright private-sale scheme in Telford.</p> <p><img width="600" height="450" src="/media/547883/ellerdine_600x450.jpg" alt="Ellerdine"/></p> <p>Site manager, Pete Hamon, who was awarded the much coveted regional award by the National House Building Council for the Priors Leap development in 2012 said: "It's an exciting project and we are aiming for the show home to be ready for people to view in September."</p> <p>The site is ideally located within close proximity of Telford town centre and 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.</p> <p>&nbsp;<img width="599" height="333" src="/media/153220/telford_1__612x340__599x333.jpg" alt="Telford 1"/></p> <p>Alan Bradley of Bromford Homes said: "Shared ownership offers a route into housing for those with a limited budget. Many people aren't aware of it and think that if they don't have savings or borrowing power, their only option is to rent. What many are delighted to discover - once they have stumbled across shared ownership - is that it can, in fact, be cheaper than renting and will provide them with a home they own.</p> <p><img width="599" height="333" src="/media/153308/telford_9__612x340__599x333.jpg" alt="Telford 9"/></p> <p>"In the last year, we sold more shared ownership homes than forecast so we hope that's a sign that people are becoming more aware of the opportunities shared ownership offers."</p> <p>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 of a new home and then buy more as and when they can afford to.&nbsp;</p> <p>Alan concluded: "Shared ownership is an ideal option for young buyers or for people who might be coming out of family breakdowns, for example, a single parent with children."</p> <p>As well as the shared ownership option, some affordable rent homes will be available at St Georges for anyone not looking to buy.</p> /news/news/2015/august/st-georges-court/ http://www.bromfordhomes.co.uk/news/news/2015/august/st-georges-court/ 11 August 2015 Alan Bradley debunks shared ownership myths <p><img width="599" height="516" src="/media/530629/the-chantry_599x516.jpg" alt="The Chantry"/><img width="315" height="200" src="/media/542786/alan-b-new.jpg" alt="Alan Bradley pic"/></p> <p>Alan&nbsp;Bradley, head of sales for Bromford Homes, shares his thoughts on 'Generation rent' and busts some myths on shared ownership - the obvious solution?</p> <p>As the number of renters under 40 looks set to rise, perhaps now is the time for shared ownership to take its bow.</p> <p>Shared ownership or 'part buy/part rent' is not new but it is often misunderstood and sometimes viewed negatively or with suspicion. It's described by other names including Help to Buy shared ownership - no wonder people are confused.</p> <p>With so many misconceptions, it might be helpful to bust some commonly-held myths:</p> <p><strong>Shared ownership is a bit of a last option</strong></p> <p>Absolutely not. In fact, it's an ideal solution if you want to get on the property ladder but don't have the large deposit needed - average first time buyers today need a £30,000 deposit which is almost ten times the deposit required in the early 1980's in real terms. Good news with house prices increasing at a faster rate than average salaries.</p> <p><strong>Shared ownership homes are only available for first time buyers</strong></p> <p>Yes but we can make exceptions for instance for those going through relationship breakdowns or people who have had to sell homes for other pressing reasons.</p> <p><strong>Shared ownership homes are 'sub standard'</strong></p> <p>These homes are built to the same quality and in the same areas as properties for 'outright sale'. We have shared ownership homes on offer in desirable areas such as the Cotswolds and Oxfordshire - places where many locals are priced out of the market and are forced to move out of the area they grew up in.</p> <p><strong>By part renting, you can't say you're a property owner and don't have real stability</strong></p> <p>With shared ownership you have the option to buy between 25 and 75 per cent of the property so you are the homeowner. Unlike renting, you can decorate as you want to and you can feel secure that you won't have to move when the landlord wants to sell.</p> <p><img width="600" height="441" src="/media/530637/the-seaton_600x441.jpg" alt="The Seaton"/></p> <p><strong>These properties are leasehold which isn't as good as freehold</strong></p> <p>Shared ownership homes usually have a brand new 125-year lease providing a home people can own a stake in from day one and the opportunity to increase that stake as their affordability increases. If the buyer goes on to buy all the shares in the property usually the freehold is transferred to them.</p> <p><strong>The monthly costs are high</strong></p> <p>Shared ownership is often cheaper than renting.</p> <p><strong>Shared ownership homes are hard to find</strong></p> <p>We - and many others - offer shared ownership homes in any new development so they will be available in the same way as any other property.</p> <p><strong>Shared ownership homes aren't big enough for a growing family</strong></p> <p>Most of our shared ownership homes are two and three-bedroom but the beauty of them is that they can help you get on the property ladder when you otherwise wouldn't be able to afford to and enable you to move to somewhere bigger if your life changes and you want that.</p> <p><strong>You can't make money on a shared ownership home so it's not a good investment</strong></p> <p>Wrong! These homes increase in value just the same as other properties do which means that as and when you want to move, you should have some equity towards your next place - or if you want to stay where you are and increase your share as you can afford to - what we call 'stair casing'- you can end up owning the entire house outright.</p> <p><strong>But they're hard to sell</strong></p> <p>Wrong again. These homes are marketed exactly the same as any other and, in fact, can be a more attractive option to other buyers as they will be more affordable.</p> <p><strong>The process of getting a shared ownership house is complicated</strong></p> <p>No, it's probably just not understood. So here's the lowdown:</p> <p>There is a qualification process which involves making an application to the local 'Help to Buy' agent in the area you want to buy but this can be done online and you will be informed very quickly &nbsp;if your application has been successful.</p> <p>Not all high street lenders will advance mortgages on shared ownership properties but the major ones do and we have access to independent financial advisers who can give advice as to the best lender for you.</p> <p>Some developments, particularly those in rural areas, will have restrictions on who can buy. This is usually so that local people can access affordable properties in their own area but a quick phone call to the housing association who is selling the properties will give you all the information you need.</p> <p>So, there you have it. Myths debunked. What are you waiting for? Perhaps now is the new dawn for shared ownership - it really is the obvious solution for many.</p> /news/blogs/2015/july/alan-bradley-debunks-shared-ownership-myths/ http://www.bromfordhomes.co.uk/news/blogs/2015/july/alan-bradley-debunks-shared-ownership-myths/ 31 July 2015 Hayfield Lawns Open House Event <p><strong>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.</strong></p> <p><strong><img width="600" height="454" src="/media/501728/image-for-agents_600x454.jpg" alt="Honeybourne"/></strong></p> <p>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 Bidford-on-Avon.</p> <p>With shared ownership, one of these three-bedroom homes could be yours for as little as £91,000 with a minimum deposit of just £4,550.</p> <p>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.</p> <p>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.</p> <p><img width="599" height="333" src="/media/495841/welford6_599x333.jpg" alt="Welford6"/></p> <p>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.</p> <p>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.</p> <p>Alan Bradley of Bromford Homes said: "That's why we offer shared ownership, making buying in this area a reality and not a far-fetched fantasy.</p> <p><img width="599" height="318" src="/media/494911/alan-bradley-1-599x318.jpg" alt="Alan Bradley 640x340"/></p> <p>"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 lease.</p> <p>"With monthly costs equally affordable&nbsp;− 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 home ownership."&nbsp;</p> <p>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.</p> <p>To find out more about shared ownership call 0845 6010878 or register for updates. You can also keep in touch by following us on Twitter and Facebook.</p> /news/news/2015/june/hayfield-lawns-open-house-event/ http://www.bromfordhomes.co.uk/news/news/2015/june/hayfield-lawns-open-house-event/ 30 June 2015 Alan Bradley reflects on gloomy findings for home ownership in the Cotswolds <p>I had a sense of déjà vu when I read the latest research from the National Housing Federation that the Cotswolds is the 'most difficult place in the South West' to get on the housing ladder.</p> <p>With over a third of house prices here being 10 times the average wages for first time buyers, taking the lowest average annual income of £10,387 and the lowest average house price at £197,500, this equates to a staggering affordability ratio of 19 times that salary.</p> <p>&nbsp;<img width="599" height="318" src="/media/494911/alan-bradley-1-599x318.jpg" alt="Alan Bradley 640x340"/></p> <p>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.</p> <p>&nbsp;<img width="600" height="456" src="/media/503788/northleach-3_600x456.jpg" alt="The Colesbourne"/></p> <p>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.</p> <p>That's why we are focusing on building a number of affordable homes in this area and offer different ways to buy with the aim of making home ownership in the Cotswolds a reality and not a far-fetched fantasy.</p> <p>Our 'Help to Buy' 20 per cent equity loan requires just five per cent deposit. To give an example, a new two-bed home can be bought for as little as £131,400 (full market value of £164,250). These prices&nbsp;− especially the five per cent deposits&nbsp;− really do make all the difference for local people who want to get on the property ladder.</p> <p>Shared ownership is another option that many aren't aware of and which can, in fact, be cheaper than renting but with the benefit of being able to own your own home. It 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 lease.</p> <p>&nbsp;<img width="599" height="432" src="/media/502287/akeman-court-image_599x432.jpg" alt="Akeman Court"/></p> <p>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.</p> <p><img width="599" height="516" src="/media/530629/the-chantry_599x516.jpg" alt="The Chantry"/></p> <p>With monthly costs equally affordable&nbsp;− 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 home ownership in the Cotswolds.</p> /news/blogs/2015/june/alan-bradley-reflects-on-gloomy-findings-for-home-ownership-in-the-cotswolds/ http://www.bromfordhomes.co.uk/news/blogs/2015/june/alan-bradley-reflects-on-gloomy-findings-for-home-ownership-in-the-cotswolds/ 24 June 2015 Shared ownership makes home buying a reality in desirable Hagley <p>Bromford's new development of two and three-bedroom homes in Hagley is providing an opportunity to buy for just a fraction of full market price with shared ownership.</p> <p><img width="599" height="333" src="/media/523078/hagley2_599x333.jpg" alt="Hagley2"/></p> <p>As many struggle to buy, this can be a real solution: encouraging in light of recent findings from the National Housing &nbsp;Federation which revealed that just 118,760homes were built in England in 2014, more than a 120,000 shortfall on the 245,000 experts predict is needed every year. The Federation said: "Failure to build enough homes is already pushing prices up out of reach; the average first-time buyer today needs a deposit of £30,000 in today's money, almost ten times the amount required in the early 1980s."</p> <p><img width="599" height="492" src="/media/532878/the-hunnington-snip_599x492.jpg" alt="The Hunnington"/></p> <p>Alan Bradley of Bromford Homes said: "We're looking to build around 1,800 homes over the next three years and this year will complete over 500 properties - 142 of those are shared ownership which offers a route into housing for those with a limited budget."</p> <p>He said of shared ownership: "Many people aren't even aware of it and think that if they don't have savings or borrowing power, their only option is to rent. What many are delighted to discover - once they have stumbled across shared ownership - is that it can, in fact, be cheaper than renting and will provide them with a home they own&nbsp; a stake in from day one and the opportunity to increase that stake as their affordability increases."</p> <p>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 of a new home and then buy more as and when they can afford to.</p> <p>Alan concluded: "Shared ownership is an ideal option for young buyers or for people who might be coming out of family breakdowns, for example, a single parent with children."</p> <p>Wychbury Fields new homes are situated in the picturesque village of Hagley which benefits from a wealth of local amenities and respected schools and is within 12 miles of Birmingham. The homes are part of the Cala Homes development and are built with the same care and attention as those available for private sale.</p> <p><img width="599" height="333" src="/media/523073/hagley1_599x333.jpg" alt="Hagley1"/></p> /news/news/2015/june/shared-ownership-makes-home-buying-a-reality-in-desirable-hagley/ http://www.bromfordhomes.co.uk/news/news/2015/june/shared-ownership-makes-home-buying-a-reality-in-desirable-hagley/ 04 June 2015 Why newly-weds say “I do” to shared ownership <p>Newly-weds Zak and Salma Townsend wanted to buy their own home in the sought-after village of Meriden, near Solihull.</p> <p>But the couple knew that, no matter how hard they saved, they would probably never be able to afford open-market property prices in this attractive rural community.</p> <p>Their hopes changed only when they found out about our new <a href="/news/shared-ownership-case-studies/" target="_blank">shared ownership</a> homes at Mulberry Gardens - just five minutes walk from the historic village green.</p> <p>Our popular part-buy, part-rent formula meant Zak and Salma, both 23, could afford to purchase just under 50% of a new two-bed Belford home with a full market value of £210,000.</p> <p>With a minimum 5% deposit of less than £5,000* and affordable monthly costs, including low monthly rent for the share they didn't buy, the couple's dream of home ownership could become a reality.</p> <p><img width="600" height="450" src="/media/533872/zak-carries-selma-over-threshold_600x450.jpg" alt="Zac and Selma pic 5"/></p> <p>They moved into their stylish Taylor Wimpey-built home off Leys Lane, Meriden, just under two months ago - and couldn't be happier.</p> <p>"It really is a dream come true. Perfect in every way. We have a beautiful new home in the place we want to be and at a price that we can afford," says Salma, who works at the Coventry florist shop owned by her mother-in-law Tracy.</p> <p>"Zak and I were lucky enough to be living with his mum at the family home in Meriden after we married, working hard and quietly saving hard for a deposit.</p> <p>"We wanted to stay in Meriden - the place where Zak grew up and close to his job at Birmingham airport - and we didn't want to rent because we both think that's a complete waste of money. But at the same time we knew in our hearts that we could probably never afford to buy something on the open market here.</p> <p><img width="600" height="450" src="/media/533774/zak-and-selma-townsend-in-kitchen_600x450.jpg" alt="Zak and Selma pic 3"/></p> <p>"Then we heard about the shared ownership homes at Mulberry Gardens, went to have a look and realised they were ideal for us. We finally moved in at the end of January - about a year after we were married - and we couldn't be happier.</p> <p>"Shared ownership certainly made all the difference for us and we would definitely recommend it to other first-time buyers who, like us, find themselves unable to buy a home they can call their own because of crazy property prices."</p> <p>Salma is equally quick to praise mother-in-law Tracy. "She has been brilliant, really supportive all the way. We really can't thank her enough. Like us, she thinks that the shared ownership homes here at Mulberry Gardens are amazing - and the prices are amazing too."</p> <p><img width="600" height="450" src="/media/533882/zak-and-selma-raise-a-glass_600x450.jpg" alt="Zak and Selma pic 2"/></p> <p>Bromford Homes sales team members Kirsty Darby and Berni Moloney are also singled out for praise. "Kirsty and Bernie have been so helpful and supportive from start to finish," says Zak. "We had some frustrating delays caused by legal issues but Kirsty and Berni did all they could to keep us informed and to help things along. Kirsty even cried on the day that we heard the mortgage offer had come through. It makes a real difference to know you've got someone who cares on your side and looking out for you through the homebuying process."</p> <p>Bromford Homes Head of Sales Alan Bradley is delighted by the couple's warm words of praise for Mulberry Gardens, shared ownership and the sales team's customer service.</p> <p>"We're always grateful when our homebuyers take the time and trouble to say such positive things about what we do - and of course we wish Zak and Salma many years of happy living in their new Bromford home," says Alan.</p> <p><img width="600" height="450" src="/media/533763/zak-and-selma-outside-their-new-home_600x450.jpg" alt="Zak and Selma Meriden case study"/></p> <p>"Meriden is a very desirable place to live - like many rural communities in this hotspot between Solihull and Coventry - and this is reflected in the asking prices for all kinds of local property. As a result, most first-time buyers on ordinary incomes are quite simply priced out unless they get substantial help from what we call the Bank of Mum and Dad.</p> <p>"These Meriden homes are built to the same high quality as the open-market properties that Taylor Wimpey built alongside them, and they come with all the mod cons and other features that people want these days.</p> <p>"The big difference is the cost&nbsp;− and that's the reason why all the homes here at Mulberry Gardens have been snapped up. This proves, once again, shared ownership really does offer young working people a truly affordable alternative to private renting or living with your parents."</p> <p>* It costs £94,500 to buy a 45% share of a two-bed home with a full market value of £210,000 and a minimum 5% deposit on that share would be just £4,725. The actual amount you buy depends on your financial circumstances but 40-45% is fairly typical and the maximum share is 75%. You pay low rent on the share you don't buy.</p> <p>To find out more about shared ownership and Bromford 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.</p> /news/news/2015/april/why-newly-weds-say-“i-do”-to-shared-ownership/ http://www.bromfordhomes.co.uk/news/news/2015/april/why-newly-weds-say-“i-do”-to-shared-ownership/ 28 April 2015 Locals first for affordable homes in prime Warwickshire village <p>First-time buyers have a chance to make their home ownership dreams come true in the historic village of Welford-on-Avon for a fraction of what it would cost on the open market.</p> <p>Would-be homeowners with connections to this rural community - ten minutes drive from Stratford-upon-Avon - can buy a 45% share of a three-bed Honeybourne house at Hayfield Lawns from just £117,000* - and the minimum deposit can be as little as £5,850*.</p> <p><img width="600" height="454" src="/media/501728/image-for-agents_600x454.jpg" alt="Honeybourne"/></p> <p>That's less than half what it would cost for an open-market purchase in this sought-after part of the Warwickshire countryside and, with just two of these family-friendly homes coming onto the market, we urge local home hunters to be quick or miss out.</p> <p><img width="599" height="333" src="/media/495851/welford8_599x333.jpg" alt="Welford8"/></p> <p>Both part-buy, part-rent homes will ready for buyers to move in by late May or early June and watching them take shape is Welford-on-Avon Parish Council's planning spokesman, Jamie Hockaday, who says: "We look forward to seeing local families moving into these shared ownership homes at Hayfield Lawns.</p> <p>"Homes in Stratford-on-Avon district cost significantly more than national and regional averages. This means most homes for sale on the open market are now beyond the reach of first-time buyers. As a result, many local people are unable to afford to stay in the communities in which they were born or brought up.</p> <p>"Building affordable homes, where there is an identified need, enables some of these priced-out first-time buyers to get onto the property ladder and helps to safeguard the future well-being of small communities such as Welford-on-Avon."</p> <p><img width="599" height="333" src="/media/495846/welford7_599x333.jpg" alt="Welford7"/></p> <p>Bromford Homes Alan Bradley says: "Shared ownership offers first-time buyers an affordable way of making their home ownership dream come true. It's ideal for nurses, firefighters and other ordinary working people.</p> <p>"You don't have to be a key worker to qualify, you can have a total of household income of up to £60,000 and, of course, people who live or work locally get top priority.</p> <p>"These houses at Hayfield Lawns are built to the same high quality as the open-market homes that Cala Homes is building alongside them, and they come with all the mod cons, other features and contemporary room layouts that people expect these days.</p> <p>"The big difference is the cost. With shared ownership, you commit to a relatively small mortgage and therefore have to find a much smaller deposit. It's a truly affordable alternative to private renting or living at home with your mum and dad."</p> <p>The attractive, high-quality development off Long Marston Road offers&nbsp;a great location - not far from the heart of the village and within easy commuting distance of Stratford, Alcester and other nearby towns.</p> <p><img width="599" height="333" src="/media/495861/welford10_599x333.jpg" alt="Welford10"/></p> <p>Inside, a stylish kitchen with oven, hob and extractor, downstairs cloakroom and two off-road parking all come as standard, together with air source heating and hot water (environmentally friendly, fossil fuel-free energy), double glazing and other energy-saving features that help to reduce gas and electricity bills.</p> <p>To find out more about shared ownership and Bromford developments call 0845 60 10 878 or register for updates. You can also keep in touch by following us on Twitter and Facebook.</p> <p>* £117,000 buys a 45% share of a three-bed Honeybourne with a full market value of £260,000. A minimum deposit of £5,850 assumes a 95% mortgage on that share, with low rent payable on the share you don't buy. The actual amount you buy depends on your financial circumstances but 40-45% is fairly typical and the maximum share is 75%.</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> /news/news/2015/april/locals-first-for-affordable-homes-in-prime-warwickshire-village/ http://www.bromfordhomes.co.uk/news/news/2015/april/locals-first-for-affordable-homes-in-prime-warwickshire-village/ 24 April 2015 New homes within reach for local people <p>A former sheltered housing scheme - Fortey House - in Northleach has been transformed into 22 new homes.</p> <p>A range of two and three-bedroom properties are now available for sale to existing residents of Northleach who can benefit from Bromford's 'Help to Buy' 20 per cent equity loan, meaning just five per cent deposit is required - or £8,212. Good news for young people/first-time buyers, particularly in light of recent research by the National Housing Federation revealing that thousands of young people are going to extreme lengths to raise cash to afford their first home.</p> <p>Woodlands, Bicknell Close in Northleach has been built in Cotswold stone to blend in with the existing landscape. The parish council welcomed the development, saying: "We're so happy that we're finally getting affordable housing in its [Fortey House] place as it has stood empty for some time."</p> <p><img width="600" height="456" src="/media/503788/northleach-3_600x456.jpg" alt="The Colesbourne"/></p> <p>Alan Bradley of Bromford Homes said: "Woodlands, Bicknell Close provides affordable quality for local people and is in a central location within an easy commute of Cheltenham, Gloucester, Swindon and Oxford. There is already a lot of interest so we would urge potential buyers to view as soon as they can."</p> <p><strong>There is an Open Day this Saturday, 18 April between 11am and 3pm.</strong></p> <p>Each home comes with a fitted kitchen with oven, hob and extractor, fitted wardrobes and two parking spaces per property. For more information on Woodlands, go to www.bromfordhomes.co.uk or call 0845 6010878 or 07850 918938.</p> <p><img width="597" height="444" src="/media/503793/northleach-2_597x444.jpg" alt="The Sherborne"/></p> <p><strong>More information on NHF research</strong></p> <p>A poll of over 2,300 British young people on housing issues, conducted by YouGov for the NHF, reveals that there is a growing sense of dissatisfaction at Britain's failure to tackle the housing crisis for their generation and nearly nine in 10 (87%) 18-34 year olds say it is difficult for their generation to get on the housing ladder in Britain.</p> <p>The poll also revealed some of the ways young people are currently or considering doing to afford a deposit for a home:</p> <ul> <li>More than one in ten (12%) 18-34-year-olds - the equivalent of 1.7 million<sup>1</sup> - have or are thinking of taking on a second job to raise funds for a house deposit</li> <li>A shocking one in 25 (4%) have or are considering taking part in paid medical research, suggesting how desperate young people are to get a deposit together.&nbsp;</li> <li>Young people are also putting their lives on hold with 2.1 million<sup>2</sup> (15%) considering putting marriage and family plans on the back burner and around one in seven (14%) moving back in with parents</li> <li>One in 20 (5%) also revealed they are considering or are sharing a room with a friend or stranger with the same amount delaying or cancelling plans for further study</li> </ul> <p>All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 2,330 adults. Fieldwork was undertaken between 18 February - 2 March 2015. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18-34).</p> <p><sup>1</sup> Calculation based on Labour Force Survey data 2014. Population aged 18 to 34 = 14,126,803, 12% thereof = 1.7m</p> <p><sup>2</sup> Calculation based on Labour Force Survey data 2014. Population aged 18 to 34 = 14,126,803, 15% thereof = 2.1m</p> /news/news/2015/april/new-homes-within-reach-for-local-people/ http://www.bromfordhomes.co.uk/news/news/2015/april/new-homes-within-reach-for-local-people/ 15 April 2015 Year-end sales success <p>BROMFORD's affordable home sales hit a target-breaking total during 2014-15&nbsp;− thanks to strong demand from first-time buyers.</p> <p>We're set to hand over the last set of keys to a happy shared ownership homebuyer at <a href="/{localLink:3977}" target="_blank" title="Foxlow Grange, Aylesbury">Foxlow Grange</a>, Aylesbury on Monday (March 30).</p> <p>That will bring the total number of completions to 134 for the last financial year&nbsp;− and there's no sign of any let-up in demand from would-be homebuyers on lower incomes.</p> <p>Builders are already working on a new wave of top-quality homes that come with a long list of mod cons and other features, great locations and&nbsp;− most important of all&nbsp;− low deposits and low monthly costs.<br /> <br /> Our target for 2015-16? It's 160 shared ownership and equity loan sales at developments across central England&nbsp;− ranging from <a href="/{localLink:4358}" target="_blank" title="Buckby Meadows, Daventry">Long Buckby</a> and (pictured below) <a href="/{localLink:4412}" target="_blank" title="St Margaret's View, Northampton">Crick</a>, near Northampton, to <a href="/{localLink:4466}" target="_blank" title="Wychbury Fields, Hagley">Hagley</a> in Worcestershire and <a href="/{localLink:4745}" target="_blank" title="Cotswold Chase, Brockworth">Brockworth</a>, near Gloucester.</p> <p><img width="599" height="444" src="/media/524825/thornby_599x444.jpg" alt="The Thornby"/><br /> <br /> "We're delighted to have beaten our year-end target&nbsp;− and to have helped 134 homebuyers achieve their dream of owning a home they can call their own," says Bromford Homes Head of Sales Alan Bradley.</p> <p>"Shared ownership's low deposits of around £3,000* and low monthly costs&nbsp;− lower, on average, than it costs to rent from a private landlord&nbsp;− really do make all the difference for people who can't afford to buy on their open market.</p> <p>"And we have another affordable option for customers in the form of our equity loan schemes at <a href="/{localLink:4390}" target="_blank" title="Akeman Court, Cirencester">Cirencester</a> and <a href="/{localLink:4591}" target="_blank" title="Woodlands, Northleach">Northleach</a> in the Cotswold district&nbsp;− recently highlighted in the news because of the <a href="/{localLink:4773}" target="_blank" title="Cotswold homes key message">widening affordability gap</a> for first-time buyers.</p> <p><img width="599" height="333" src="/media/523008/northleach1_599x333.jpg" alt="Northleach1"/><br /> <br /> "Affordability&nbsp;− that's the secret behind this target-breaking total of completions. Being able to hand over so many new homes is such a rewarding achievement for me and all the other members of the Bromford Homes team.</p> <p>"Each time we hand over the keys to a Bromford buyer is the moment when another property dream comes true, the moment when all their hopes and dreams come true."<br /> <br /> That's certainly true for first-time buyers like <a href="/{localLink:4763}" target="_blank" title="Tears of joy for first-time buyer Inga">Inga Lapina</a>&nbsp;− an enthusiastic supporter of <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, having moved into her two-bed part-buy, part-rent home at Holmwood, Coventry, just before Christmas.</p> <p><img width="600" height="250" src="/media/528833/ingakeys-960x400_600x250.jpg" alt="IngaKeys 960x400"/></p> <p>Deposits and purchase prices are much more affordable with shared ownership, she confirms, and in her case she is around £100 a month better off buying than she was renting from a private landlord.</p> <p>"My friends can hardly believe it when I tell them," says Inga (above), a quality inspector at the nearby Unipart factory in Coventry, "especially once they've been here and seen what a great home this is. Sometimes I can't believe it myself!</p> <p>"I think a lot of people don't know about shared ownership or don't really understand how it works. 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&nbsp;− and they come with all the mod cons you need like a really well-equipped kitchen and bathroom.</p> <p>"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.</p> <p>"Shared ownership offers first-time buyers like me a real alternative that I can truly afford. I would definitely recommend it if you can save enough for a deposit or borrow it from family or friends."</p> <p><img width="599" height="318" src="/media/528863/holmwood2beds-640x340_599x318.jpg" alt="Holmwood2beds 640x340"/><br /> <br /> * In the case of <a href="/{localLink:3989}" target="_blank" title="Holmwood, Coventry">Holmwood</a>, Coventry, your deposit can be as little as £2,813. That assumes a 95% mortgage when buying a typical 45% share of a two-bed house (above) with a full market value £125,000. That 45% share costs £56,250. In another typical example&nbsp;− <a href="/{localLink:4358}" target="_blank" title="Buckby Meadows, Daventry">Buckby Meadows</a>, Long Buckby, near Northampton&nbsp;− your deposit on a two-bed home could be just £3,300 if buying a 40% share for £66,000. The actual amount you buy depends on your financial circumstances but 40-45% is fairly typical and the maximum share is 75%. You pay low rent on the remaining share.</p> <p>To find out more about shared ownership, equity loan and Bromford developments across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a></p> /news/news/2015/march/year-end-sales-success/ http://www.bromfordhomes.co.uk/news/news/2015/march/year-end-sales-success/ 27 March 2015 Derelict to desirable <p>New life has been injected into previously derelict land in the heart of Cirencester with the completion of seven contemporary, two-bedroom apartments now available for sale. Following the closure of a sheltered housing scheme on the site, the land stood empty for some time while Bromford explored a number of different plans for the redevelopment of the site with the local planning department.</p> <h3>Now 50% sold!</h3> <p>Akeman Court has been built in Cotswold stone to blend in with the existing landscape. Councillor Joe Harris welcomed the development, saying that residents had wanted a solution to the area for a long time, continuing that "any housing built in the Cotswolds is good if it is going to local people."</p> <p><img width="600" height="448" src="/media/530128/akeman-court_600x448.jpg" alt="Akeman Court photo"/></p> <p>The new homes will only be available for existing residents of Cirencester who can benefit from Bromford's 'Help to Buy' 20 per cent equity loan, meaning just five per cent deposit is required - or £8,212. Good news for young people/first-time buyers, particularly in light of new research by the National Housing Federation revealing that thousands of young people are going to extreme lengths to raise cash to afford their first home.</p> <p>Alan Bradley of Bromford Homes said: "Akeman Court provides affordable quality for local people. Cirencester is a very desirable area with its thriving market town and within a 30-minute commute of Cheltenham, Gloucester, Bristol, Swindon, Oxford and Bath to name a few. It is the largest town in the Cotswolds with a rich history - interestingly, we discovered an ancient tip when we began work which we have been careful to preserve."</p> <p>Each home comes with a fitted kitchen with oven, hob and extractor, fitted wardrobes and allocated parking. For more information on Akeman Court, call 0845 6010878 or 07850 918938.</p> <p><img width="600" height="900" src="/media/530133/akeman-court-interior-shot_600x900.jpg" alt="Akeman Court interior shot"/></p> <p><strong>More information on NHF research</strong></p> <p>A poll of over 2,300 British young people on housing issues, conducted by YouGov for the NHF, reveals that there is a growing sense of dissatisfaction at Britain's failure to tackle the housing crisis for their generation and nearly nine in 10 (87%) 18-34 year olds say it is difficult for their generation to get on the housing ladder in Britain.</p> <p>The poll also revealed some of the ways young people are currently or considering doing to afford a deposit for a home:</p> <ul> <li>More than one in ten (12%) 18-34-year-olds - the equivalent of 1.7 million<sup>1</sup> - have or are thinking of taking on a second job to raise funds for a house deposit</li> <li>A shocking one in 25 (4%) have or are considering taking part in paid medical research, suggesting how desperate young people are to get a deposit together.&nbsp;</li> <li>Young people are also putting their lives on hold with 2.1 million<sup>2</sup> (15%) considering putting marriage and family plans on the back burner and around one in seven (14%) moving back in with parents</li> <li>One in 20 (5%) also revealed they are considering or are sharing a room with a friend or stranger with the same amount delaying or cancelling plans for further study</li> </ul> <p>All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 2,330 adults. Fieldwork was undertaken between 18 February - 2 March 2015. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18-34).</p> <p><sup>1</sup> Calculation based on Labour Force Survey data 2014. Population aged 18 to 34 = 14,126,803, 12% thereof = 1.7m</p> <p><sup>2</sup> Calculation based on Labour Force Survey data 2014. Population aged 18 to 34 = 14,126,803, 15% thereof = 2.1m</p> <p>&nbsp;</p> <p>&nbsp;</p> /news/news/2015/march/derelict-to-desirable/ http://www.bromfordhomes.co.uk/news/news/2015/march/derelict-to-desirable/ 25 March 2015 Cotswold homes key message <h4><img width="599" height="318" src="/media/494911/alan-bradley-1-599x318.jpg" alt="Alan Bradley 640x340"/></h4> <h4>Bromford Homes Head of Sales Alan Bradley advises first-time buyers as survey highlights growing affordability gap</h4> <p>MY HEART sank as I read the latest report that highlights the growing affordability gap for first-time buyers in the Cotswold area.</p> <p>Those who live and/or work in this popular part of Gloucestershire face a stark and gloomy statistic&nbsp;− the average home here earned much more (in rising value) over two years than the average worker did in take-home pay.</p> <p>It's a wider problem of course&nbsp;− and some of the London stats are mind-boggling&nbsp;− but keenly felt in Cirencester and the surrounding district.</p> <p>In fact, Cotswold saw the biggest relative increase outside of London, the South-East and East of England, according to Halifax research which formed the basis of at least one major national <a href="http://www.thisismoney.co.uk/money/mortgageshome/article-2999009/Does-home-earn-Map-reveals-UK-regions-do.html" target="_blank">newspaper report</a>.</p> <p><img width="599" height="333" src="/media/153375/cirencester_6__612x340__599x333.jpg" alt="Cirencester 6 612x340"/></p> <p>Here are the Cotswold figures:</p> <p>Average 2-year house price increase: £72,920<br /> Average earnings over two years:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; £41,698<br /> Difference in house price vs earnings: £31,222</p> <p>So, the average Cotswold home earned roughly 1.75 times as much as the average worker did. Or in other words, the affordability gap for first-time buyers here is growing&nbsp;− and at a rapid rate.</p> <p>Now put yourself in the shoes of a singleton, couple couple or young family on average wages in this already pricy part of the property world. You want a home you can call your own but even if you save every spare penny for a deposit your dream could easily feel like it's getting further and further from your reach.</p> <p><img width="599" height="318" src="/media/77451/how_we_can_help_640_x_340_599x318.jpg" alt="How we can help image 640 x 340"/><br /> <br /> That's why we have such a strong need for affordable homes like the ones Bromford is building at <a href="/{localLink:4390}" target="_blank" title="Akeman Court, Cirencester">Akeman Court</a> in historic Cirencester and at <a href="/{localLink:4591}" target="_blank" title="Woodlands, Northleach">Woodlands</a> in nearby Northleach&nbsp;− close to Cheltenham but still part of Cotswold district.</p> <p>Once again, the numbers are crucial.</p> <p>If you look at Northleach, where our development also includes rental homes that will be let by another part of Bromford, you can buy a new two-bed home through our affordable equity loan scheme for as little as £131,400* and your 5% deposit would be just £8,213 plus a 75% mortgage.</p> <p>Or take a look at Akeman Court (pictured below), where you can buy one of seven spacious two-bed apartments for as little as £129,600** with equity loan and your 5% deposit would be just just £8,100 plus a 75% mortgage.</p> <p><img width="600" height="250" src="/media/504528/akemancourt-960x400_600x250.jpg" alt="AkemanCourtCiren 960x400"/><br /> <br /> These prices&nbsp;− especially the 5% deposits&nbsp;− really do make all the difference for local people who want to get on the property ladder.</p> <p>They bring the dream of home ownership within reach and the monthly costs are equally affordable&nbsp;− often lower or at least no more expensive than it costs to rent a similar home from a private landlord.</p> <p>So here we have two examples of how affordable homes can help to make the property dream come true for the hard-pressed first-time buyers here in the heart of the Cotswolds.</p> <p>And, of course, it's only a year or so ago that we handed over the door keys to our 99th <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homebuyer at Cirencester's Fortuna development.</p> <p><img width="600" height="318" src="/media/77461/first-time_buyer_guide_640_x_340_600x318.jpg" alt="First-time buyer guide 640 x 340"/><br /> <br /> Looking at the bigger picture, we're on course to break our year-end target with more than 130 completed sales&nbsp;− shared ownership and equity loan&nbsp;− by March 31. And we plan to sell around 160 affordable homes across central England during 2015-16.<br /> <br /> Each new affordable home makes a difference to someone and, as part of a social business that reinvests all profits into more homes and services for our customers, we're proud of that fact.<br /> <br /> * Help to Buy equity loan allows you to buy at Woodlands for just 80% of the purchase price&nbsp;− or £131,400 for a two-bed house with a full market value of £164,250. You pay 5% deposit, or £8,213 − plus the monthly mortgage payments on what you borrow − with no interest on the other 20% for up to five years and no rent.<br /> <br /> ** Equity loan allows you to buy at Akeman Court for just 80% of the purchase price&nbsp;− or £129,600 for a two-bed apartment with a full market value of £162,000. You pay 5% deposit, or £8,100 − plus the monthly mortgage payments on what you borrow − with no interest on the other 20% for up to five years and no rent.</p> /news/blogs/2015/march/cotswold-homes-key-message/ http://www.bromfordhomes.co.uk/news/blogs/2015/march/cotswold-homes-key-message/ 23 March 2015 Tears of joy for first-time buyer Inga <p>A SMALL tear wells up in Inga Lapina's eye as she recalls the day she moved into her cosy new <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> 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 first-time buyer.</p> <p>"The carpets were down and I had my belongings but no furniture set up so I slept on the floor that night&nbsp;− 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."</p> <p>The big day&nbsp;− December 20, 2014&nbsp;− 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.</p> <p>As soon as she walked into the two-bed Bromford house at <a href="/{localLink:3989}" target="_blank" title="Holmwood, Coventry">Holmwood</a>, off Lythalls Lane, Inga knew that her search was over&nbsp;− and that she could afford to make her homebuying dream come true thanks to shared ownership's unique part-buy, part-rent formula.</p> <p><img width="599" height="318" src="/media/528838/ingakeys-640x340_599x318.jpg" alt="IngaKeys 640x340"/></p> <p>In fact, she was able to buy just under 60% of the two-bed house&nbsp;− and Inga is quick to point out that her monthly outgoings now are around £100 less than when she was renting from a private landlord.</p> <p>A quick calculation proves it.</p> <p>Her monthly mortgage costs are £310, the low rent is £180, and her other bills add up to around £200. <strong>Total cost with shared ownership: £700.</strong></p> <p><strong>Total cost of private renting − including utility bills: £800.</strong></p> <p>"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!</p> <p>"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 works.</p> <p>"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&nbsp;− the same as the other houses built on this estate by the private developer&nbsp;− and they come with all the mod cons you need like a really well-equipped kitchen and bathroom.</p> <p><img width="599" height="318" src="/media/528858/ingawords-640x340_599x318.jpg" alt="IngaWords 640x340"/></p> <p>"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.</p> <p>"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 friends.</p> <p>"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&nbsp;− and my brother helped by giving me some money towards the deposit."</p> <p>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.</p> <p><img width="599" height="318" src="/media/528853/ingakitty-640x340_599x318.jpg" alt="IngaKitty 640x340"/><br /> <br /> "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&nbsp;− and she seems very happy with my new choice of home.</p> <p>"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.</p> <p>"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 long-term investment."</p> <p><img width="599" height="318" src="/media/528848/ingakitchen-640x340_599x318.jpg" alt="IngaKitchen 640x340"/><br /> <br /> 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.</p> <p>"Inga is clearly delighted with her house and with shared ownership&nbsp;− just like so many other first-time buyers across Coventry &amp; Warwickshire and the rest of central England&nbsp;− and we wish her all the best for the future.</p> <p>"This is just one of about 130 shared ownership success stories in the last 12 months&nbsp;− including our sell-out success at <a href="/{localLink:4281}" target="_blank" title="Butterfield Gardens, Rugby">Butterfield Gardens</a>, Rugby.</p> <p>"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."</p> <p><img width="599" height="318" src="/media/528863/holmwood2beds-640x340_599x318.jpg" alt="Holmwood2beds 640x340"/><br /> <br /> We've got just one shared ownership home left at <a href="/{localLink:3989}" target="_blank" title="Holmwood, Coventry">Holmwood</a>&nbsp;− 10 minutes drive from Coventry city centre&nbsp;− and it could be yours for as little as £56,250 and a minimum deposit of just £2,813*.</p> <p>There are more shared ownership homes on sale at nearby <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Oaklands</a>, Rugby, as well as other Warwickshire developments such as <a href="/{localLink:3749}" target="_blank" title="The Pastures, Alcester">The Pastures</a> in Alcester, <a href="/{localLink:4418}" target="_blank" title="Hayfield Lawns">Hayfield Lawns</a> in Welford-on-Avon and Warwick's <a href="/{localLink:4424}" target="_blank" title="Beaumont Meadow">Beaumont Meadow</a>.</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our developments across central England, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.<br /> <br /> * £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.</p> /news/news/2015/march/tears-of-joy-for-first-time-buyer-inga/ http://www.bromfordhomes.co.uk/news/news/2015/march/tears-of-joy-for-first-time-buyer-inga/ 19 March 2015 Cirencester open day <p>FIRST-TIME buyers who live or work in Cirencester are invited to join us for a special open house at <a href="/{localLink:4390}" target="_blank" title="Akeman Court, Cirencester">Akeman Court</a>.</p> <p>We're rolling out the welcome mat on Saturday, March 21, so that you can get a feel for what it would be like to live in one of these top-quality two-bed apartments that come loaded with mod cons and other great features.</p> <p>It's also a free, friendly and informative chance to find out how one of them could be yours for as little as £129,600.</p> <p>The secret of these low prices? It's our popular <a href="/{localLink:3783}" target="_blank" title="Help to Buy equity loan">equity loan</a> scheme that means you can own 100% of your new home with a 5% deposit of just £8,100 plus a 75% mortgage.</p> <p><img width="600" height="318" src="/media/77461/first-time_buyer_guide_640_x_340_600x318.jpg" alt="First-time buyer guide 640 x 340"/></p> <p>Interested? You can find out more when the doors open at 11am on March 21 and Bromford Homes Area Sales Consultant, Kirsty Darby, encourages aspiring homeowners to drop in at any time before 3pm.</p> <p>"Akeman Court is a terrific development that offers just seven buyers a truly affordable chance to get on the property ladder right here in the heart of Cirencester, close to local shops, cafes, bars and schools," says Kirsty.<br /> <br /> "It's ideal for local couples and singletons who want to get on to the property ladder and maybe leave behind the uncertainties of living in a private rented home or living with their mum and dad.<br /> <br /> "Equity loan can make the dream of home ownership a reality at a price that ordinary working people can afford and we're giving priority to people who live or work here in the Capital of the Cotswolds.<br /> <br /> "My advice to anyone who's got the 5% deposit is to join us for the open day and find out how you can get on the property ladder here for a fraction of what it would cost on the open market."</p> <p><img width="600" height="250" src="/media/504528/akemancourt-960x400_600x250.jpg" alt="AkemanCourtCiren 960x400"/><br /> <br /> Help to Buy equity loan allows you to buy your new Bromford home for just 80% of its purchase price − in the case of Akeman Court (pictured above) from £129,600* for a two-bed apartment with a full market value of £162,000.<br /> <br /> You simply pay 5% deposit, or £8,100 − plus the monthly mortgage payments on what you borrow − with no interest on the other 20% for up to five years and no rent either.<br /> <br /> "Crucially, for most first-time buyers, the deposits are much cheaper than if you buy outright. This makes a big difference for first-time buyers in a sought-after place like Cirencester where property prices are high and salaries relatively low," says Kirsty.<br /> <br /> "The first few homes will be ready shortly so you could be living in your own home much sooner − and for much less − than you thought."</p> <p><img width="599" height="333" src="/media/153375/cirencester_6__612x340__599x333.jpg" alt="Cirencester 6 612x340"/><br /> <br /> You can find out more about the <a href="/{localLink:4390}" target="_blank" title="Akeman Court, Cirencester">Akeman Court</a> open day and <a href="/{localLink:3783}" target="_blank" title="Help to Buy equity loan">equity loan</a> by calling us on <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.</p> /news/news/2015/march/cirencester-open-day/ http://www.bromfordhomes.co.uk/news/news/2015/march/cirencester-open-day/ 10 March 2015 Affordable hope for Gen Y <h4>Bromford Homes Head of Sales Alan Bradley advises young first-time buyers to take a look at shared ownership and equity loan</h4> <p><img width="600" height="250" src="/media/481444/alan-bradley-960x400_600x250.jpg" alt="Alan Bradley 960x400"/></p> <p>LIVING at home with mum and dad? On the way up at work and looking forward to flying the nest?</p> <p>You're not alone, of course. Around half the young people who replied to a new survey* hope to support themselves financially by the time they reach their early or mid 20s.</p> <p>For most of these Generation Y wannabees, it's a hope that typically centres around the dream of getting onto the property ladder.</p> <p>But the reality for many 20 to 34-year-olds is that they struggle to close the ever-widening gap between earnings/savings and the price of a typical first-time buyer home&nbsp;− and more than half of those that do fly the nest are likely to have got help from what we call the Bank of Mum and Dad**.</p> <p>With the average open-market house costing £171,429*** here in the West Midlands, that struggle will come as no surprise.</p> <p><img width="600" height="250" src="/media/342573/so-parents-and-daughter-960x400_600x250.jpg" alt="SO parents and daughter"/></p> <p>What <em>will</em> surprise some of you&nbsp;− parents and young people alike&nbsp;− is that home ownership can be more affordable than you might think. That's thanks to the low deposits and affordable monthly costs that come with <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and our new <a href="/{localLink:3783}" target="_blank" title="Help to Buy equity loan">equity loan</a> scheme.</p> <p>This year alone we've already helped <a href="/{localLink:4735}" target="_blank" title="February sales bonanza">120 buyers</a> to get onto the property ladder&nbsp;− and we're confident that we will hit our year-end target of 128 completions by March 31.</p> <p>That's 128 home ownership dreams coming true for young first-time buyers like <a href="/{localLink:4097}" target="_blank" title="Oaklands case study">Anna at Oaklands</a>, Rugby, or <a href="/{localLink:4310}" target="_blank" title="Colliers Green shared equity case study">Dan and Kate</a> at Colliers Green in north Warwickshire.</p> <p><img width="600" height="250" src="/media/444488/anna-with-keys-960x400_600x250.jpg" alt="Anna keys 960x400"/></p> <p>Anna (that's her, above) tells us that home ownership seemed like an impossible dream until she found out about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>. "Would I recommend it? Definitely! Shared ownership is the perfect solution for first-time buyers like me who can't afford a big deposit or a big mortgage but want to get on the property ladder and invest in their future," she says.</p> <p>Dan and Kate (that's them, below) are equally enthusiastic about our other affordable scheme, <a href="/{localLink:3783}" target="_blank" title="Help to Buy equity loan">equity loan</a>. "With shared equity, we were able to buy our new Bromford home for just 80% of its purchase price − and yet the home is 100% ours from Day One," they say.</p> <p><img width="600" height="250" src="/media/467862/dan-family960garden_600x250.jpg" alt="Dan&amp;family 960garden"/></p> <p>If, like them, you're a 20-something who want to make your home ownership dream come true but feel daunted by high prices and the huge deposits required by most lenders for a typical open-market mortgage, then my advice is simple.</p> <p>Check out these <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">customer stories</a> and see if what they have to say strikes a familiar chord with you. If it does, feel free to call one of our expert advisors on <strong>0845 60 10 878</strong> and ask about affordable Bromford homes in your area.</p> <p>It's all go as we look forward to 2015-16, with more shared ownership developments already on the go at places like <a href="/{localLink:4412}" target="_blank" title="St Margaret's View, Northampton">Crick</a>, <a href="/{localLink:4358}" target="_blank" title="Buckby Meadows, Daventry">Long Buckby</a> and <a href="/{localLink:4721}" target="_blank" title="Mounts Chase, Solihull">Solihull</a> &nbsp;− and a landmark development that includes shared ownership homes at <a href="/{localLink:4466}" target="_blank" title="Wychbury Fields, Hagley">Wychbury Fields</a>, Hagley.</p> <p><img width="600" height="250" src="/media/504528/akemancourt-960x400_600x250.jpg" alt="AkemanCourtCiren 960x400"/></p> <p>We've also got two exciting new developments of equity loan homes taking shape in time for spring homebuyers in the Cotswolds − that's seven apartments at Cirencester's <a href="/{localLink:4390}" target="_blank" title="Akeman Court, Cirencester">Akeman Court</a> (above) and ten houses at <a href="/{localLink:4591}" target="_blank" title="Woodlands, Northleach">Woodlands</a>, Northleach.<br /> <br /> * Survey commissioned by Association of Accounting Technicians. ** Analysis by the Council of Mortgage Lenders. *** Q4 2014, Halifax.</p> /news/blogs/2015/march/affordable-hope-for-gen-y/ http://www.bromfordhomes.co.uk/news/blogs/2015/march/affordable-hope-for-gen-y/ 07 March 2015 Northants best of both worlds <p>FIRST-TIME buyers can enjoy the best of both worlds with our affordable new homes at two new Bromford Homes developments near Northampton.</p> <p>You can make the most of rural life in the thriving historic villages of <a href="/{localLink:4358}" target="_blank" title="Buckby Meadows, Daventry">Long Buckby</a> or <a href="/{localLink:4412}" target="_blank" title="St Margaret's View, Northampton">Crick</a>&nbsp;− surrounded by beautiful Northamptonshire countryside&nbsp;− AND take advantage of great commuter links.</p> <p>Travelling to Birmingham, Northampton or London is easy thanks to the local railway station a few minutes walk away from Buckby Meadows while Crick's St Margaret's View is a short hop from the nearest junction of the M1.</p> <p>Add Bromford's low <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> prices, which start from just £66,000* for a two-bed Ravensthorpe house or £78,200** for a three-bed Hollowell at Buckby Meadows, and you've got a real win-win way of getting onto the county's property ladder.</p> <p><img width="599" height="449" src="/media/524820/haddon_599x449.jpg" alt="The Haddon"/><br /> <br /> That's the message to local first-time buyers from Bromford Homes Head of Sales Alan Bradley as some of our homes head for March completion and prices are confirmed at St Margaret's View (pictured above).</p> <p>His advice is simple. "Be quick or you could miss out on this truly affordable opportunity to make your property dream come true," says Alan.</p> <p>"These are great homes at great prices&nbsp;− and they're great locations. But we've got just a few these homes at each development and, once the word gets out, we believe it won't be long before they're snapped up. And don't forget&nbsp;− local people get top priority."</p> <p><img width="599" height="318" src="/media/77451/how_we_can_help_640_x_340_599x318.jpg" alt="How we can help image 640 x 340"/><br /> <br /> The secret of those low prices − and equally low deposits that can be as little as £3,300* for a two-bed − is shared ownership's low purchase prices and deposits.</p> <p>In the case of <a href="/{localLink:4412}" target="_blank" title="St Margaret's View, Northampton">St Margaret's View</a>, £74,000*** would buy a 40% share of a two-bed and a minimum 5% deposit would be £3,700. Our Crick three-beds are equally affordable, with shared ownership prices starting from £84,000*** for a 40% share and a minimum deposit from £4,200.</p> <p>This explains why so many singletons, couples and young families in Northants and across central England are saying such a big YES to shared ownership," says Alan. "Our high-quality, low-cost homes are ideal for people in and around villages like Long Buckby and Crick − people who want to stay in the place where they've got family and friends but can't afford to buy on the open market."</p> <p><img width="599" height="333" src="/media/483351/longbuckby2_599x333.jpg" alt="Long Buckby 2"/><br /> <br /> * £66,000 buys a typical 40% of a two-bed home with a full-market value of £165,000. Your minimum deposit on that share, assuming a 95% mortgage, would be £3,300. ** £78,200 buys 40% of a three-bed home with a full-market value of £195,500. Your minimum deposit on that share, assuming a 95% mortgage, would be £3,910. *** £74,000 buys 40% of a two-bed with a full market value of £185,000. Your minimum deposit on that share, assuming a 95% mortgage, would be £3,700. 40% of a three-bed with a full market value of £210,000 costs £84,000 and your minimum deposit on that share, assuming a 95% mortgage, would be £4,200.</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and buying in your area, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.</p> /news/news/2015/march/northants-best-of-both-worlds/ http://www.bromfordhomes.co.uk/news/news/2015/march/northants-best-of-both-worlds/ 05 March 2015 February sales bonanza <p>AFFORDABLE home completions hit a record high during February with 22 buyers moving into their new Bromford apartments and houses.</p> <p>This four-week sales bonanza brings our <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:3783}" target="_blank" title="Help to Buy equity loan">equity loan</a> sales total to 120 for the year so far&nbsp;− and leaves just eight more completions during March before we hit our 2014-15 target.</p> <p>Our affordable homes experts will keep working extra hard during the countdown to April to make sure that all the remaining completions go according to plan.</p> <p>So it's set to be successful and happy ending to a busy 12 months for Bromford Homes Head of Sales Alan Bradley and his team.</p> <p><img width="600" height="318" src="/media/77461/first-time_buyer_guide_640_x_340_600x318.jpg" alt="First-time buyer guide 640 x 340"/><br /> <br /> "Demand for affordable homes remains strong and that's been reflected in the steady flow of completions since the start of April 2014," says Alan.</p> <p>"With the year-end in sight, we've all been working extra hard to chase and check all the necessary paperwork and make sure that our customers have all the support and information they need.</p> <p>"This means a happy ending each time we hand over another set of front doors keys&nbsp;− that magical moment when the property dream comes true for another first-time buyer, a couple or young family.</p> <p>"Now we've got just over four weeks left to deliver these final completions for 2014-15 so that more buyers can also see their New Year, New Home dreams come true."</p> <p><img width="599" height="333" src="/media/483351/longbuckby2_599x333.jpg" alt="Long Buckby 2"/><br /> <br /> Looking ahead, there's no sign of let-up in demand from affordable homebuyers&nbsp;− and that's reflected in a more ambitious sales target of 167 completions for Bromford Homes during 2015-16.<br /> <br /> "It's all go as we look forward to the next financial year, with more shared ownership developments already on the go at places like <a href="/{localLink:4412}" target="_blank" title="St Margaret's View, Northampton">Crick</a>, <a href="/{localLink:4358}" target="_blank" title="Buckby Meadows, Daventry">Long Buckby</a> and <a href="/{localLink:4472}" target="_blank" title="The Acorns, Solihull">Solihull&nbsp;</a> − and a landmark development that includes shared ownership homes at <a href="/{localLink:4466}" target="_blank" title="Wychbury Fields, Hagley">Wychbury Fields</a>, Hagley," says Alan.</p> <p>"We've also got two exciting new developments of equity loan homes taking shape in time for spring homebuyers in the Cotswolds&nbsp;− that's seven apartments at <a href="/{localLink:4390}" target="_blank" title="Akeman Court, Cirencester">Akeman Court</a>, Cirencester, and ten houses (pictured below) at <a href="/{localLink:4591}" target="_blank" title="Woodlands, Northleach">Woodlands</a>, Northleach."</p> <p><img width="597" height="444" src="/media/503793/northleach-2_597x444.jpg" alt="The Sherborne"/></p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, <a href="/{localLink:3783}" target="_blank" title="Help to Buy equity loan">shared equity</a> and Bromford developments across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/bromfordhomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.</p> /news/news/2015/february/february-sales-bonanza/ http://www.bromfordhomes.co.uk/news/news/2015/february/february-sales-bonanza/ 27 February 2015 Shared ownership could provide solution for many with house building shortfall <p>Shared ownership could provide a solution for many as the National Housing Federation reveals that just 118,760 homes were built in England in 2014, more than a 120,000 shortfall on the 245,000 experts predict is needed every year.</p> <p>The National Housing Federation says that "the lack of supply is pricing many people out of owning or privately renting a home in their local area. Experts now warn that 78,500 new affordable homes need to be built per year yet just 25,100 affordable homes were built in 2014, less than a third of what families desperately need. The last ten years saw the birth of seven million babies, more than were born in the 1950s when England was building an average of 230,000 homes a year.</p> <p>"Failure to build enough homes is already pushing prices up out of reach; the average first-time buyer today needs a deposit of £30,000 in today's money, almost ten times the amount required in the early 1980s."</p> <p><img width="509" height="320" src="/media/524490/Oaklands-Rugby_509x320.jpg" alt="Oaklands Rugby" style="margin-right: auto; margin-left: auto; display: block;"/></p> <p>&nbsp;</p> <p>Alan Bradley of Bromford Homes said: "We're looking to build around 1,800 homes over the next three years and this year will complete over 500 properties - 142 of those are shared ownership which offers a route into housing for those with a limited budget."</p> <p>He continued: "Many people aren't even aware of shared ownership and think that if they don't have savings or borrowing power, their only option is to rent. What many are delighted to discover - once they have stumbled across shared ownership - is that it can, in fact, be cheaper than renting and will provide them with a home they own."</p> <p>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 of a new home and then buy more as and when they can afford to.</p> <p>Alan concluded: "Shared ownership is an ideal option for young buyers or for people who might be coming out of family breakdowns, for example, a single parent with children."</p> <p>Bromford offers shared ownership properties across the West Midlands, Gloucestershire, Northamptonshire, Warwickshire and Buckinghamshire.&nbsp;</p> <p>For more information on shared ownership, call <strong>0845 6010 878</strong>.</p> <h2>Case study</h2> <h3>Homebuyer dream comes true for mum Anna</h3> <p><img width="170" height="110" src="/media/444503/anna-keys-thumb.jpg" alt="Anna keys thumb" style="float: left;"/>Home ownership seemed like an impossible dream for mum Anna Malarska − until she found out about shared ownership. The low deposit and affordable monthly costs unlocked the door to a two-bed home that she and her seven-year-old son William can call their own.</p> <p>It's now almost a year since they moved in and started an exciting new chapter in their lives − closer to friends and Anna's work as a finance administrator.</p> <p>Shared ownership made "an amazing difference" according to 28-year-old Anna and she urges other would-be homebuyers on lower incomes to find out how it can change their lives too. "Would I recommend it? Definitely! Shared ownership is the perfect solution for first-time buyers like me who can't afford a big deposit or a big mortgage but want to get on the property ladder and invest in their future."</p> <p><strong>Read more of our <a href="/{localLink:3937}" title="Shared ownership case studies">Shared Ownership case studies</a>.</strong></p> /news/news/2015/february/shared-ownership-could-provide-solution-for-many-with-house-building-shortfall/ http://www.bromfordhomes.co.uk/news/news/2015/february/shared-ownership-could-provide-solution-for-many-with-house-building-shortfall/ 27 February 2015 Crick prices confirmed <p>PRICES are now confirmed for five low-cost starter homes coming onto the market at <a href="/{localLink:4412}" target="_blank" title="St Margaret's View, Northampton">St Margaret's View</a>, Crick&nbsp;− and one of them could be yours for as little as £74,000.</p> <p>That's enough to buy a 40% share through Bromford's part-buy, part-rent deal&nbsp;− also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and your minimum deposit could be as little as £3,700.</p> <p>Bromford Homes Head of Sales highlights the two-bed and three-bed houses being built for us by top private developer Barratt Homes as ideal for local first-time buyers on lower incomes.</p> <p><img width="599" height="318" src="/media/77451/how_we_can_help_640_x_340_599x318.jpg" alt="How we can help image 640 x 340"/></p> <p>"We know how hard it is for younger people in this popular part of Northamptonshire&nbsp;− people who want to live near the place where they've got family, friends and work but can't afford to buy on the open market," says Alan.</p> <p>"Shared ownership offers first-time buyers a truly affordable chance to get on the property market in this great rural setting with the nearest junction of the M6 just five minutes drive away."</p> <p>The secret? Instead of buying outright, you buy a share of your new Bromford home&nbsp;− 40% is fairly typical but it can be as much as 70% depending on your household income&nbsp;− and pay low rent on the remaining share.</p> <p>So, in the case of St Margaret's View, £74,000 would buy a 40% share of a two-bed with a full market value of £185,000 and a 5% deposit would be £3,700. Our Crick three-beds are equally affordable, with shared ownership prices starting from £84,000 for a 40% share and a minimum deposit of £4,200.</p> <p><img width="599" height="318" src="/media/77556/customer_service_640_x_340_599x318.jpg" alt="Customer service 640 x 340"/><br /> <br /> "Both the purchase price and the deposit in this typical example are a fraction of what it would cost to buy a similar home on the open market," says Alan.</p> <p>"That's what makes shared ownership so affordable in the first instance&nbsp;− and it doesn't stop there. Several cost comparisons prove that the monthly cost of shared ownership is also really affordable. It all adds up to a real message of hope for young people who fear they will never be able to afford a home they can call their own and believe their only option is private rent."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and buying in your area, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.</p> /news/news/2015/february/crick-prices-confirmed/ http://www.bromfordhomes.co.uk/news/news/2015/february/crick-prices-confirmed/ 26 February 2015 Valentine's date <p>HOMEHUNTERS&nbsp;− are you ready to fall in love this Valentine's weekend? If the answer is yes, then why don't you make a date to see one of our charming and seductively-priced homes?</p> <p>The scene is already set for you to "feel the love" at our <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Oaklands</a> demo home in Rugby&nbsp;− or you can make an appointment to view one of our other low-cost developments.</p> <p>Our expert sales consultants will be happy to act as "matchmaker" by showing you round and explaining how you can buy one of these <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> or <a href="/{localLink:3783}" target="_blank" title="Help to Buy equity loan">equity loan</a> homes for a truly affordable price.</p> <p><img width="600" height="318" src="/media/77461/first-time_buyer_guide_640_x_340_600x318.jpg" alt="First-time buyer guide 640 x 340"/><br /> &nbsp;<br /> Typical purchase prices range from £63,000* for a 45% share of a two-bed part-buy, part-rent coach-house at <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Oakland</a>s to £131,400** for a two-bed shared equity home at <a href="/{localLink:4591}" target="_blank" title="Woodlands, Northleach">Woodlands</a>, Northleach&nbsp;− in the heart of the Cotswolds.</p> <p>Shared ownership deposits can be as little as £3,150* in an example like the Nightingale two-bed at Oaklands&nbsp;− or £8,213** for the equity loan two-bed at Woodlands.</p> <p>These low prices make all the difference to first-time buyers and, with sales this year already past the 100 mark, Head of Sales Alan Bradley encourages more homehunters to make a date with Bromford.</p> <p>"It's clear that first-time buyers across central England love our affordable ways to buy&nbsp;− and they love their Bromford homes," says Alan.</p> <p><img width="600" height="318" src="/media/77653/home_user_guide_640_x_340_600x318.jpg" alt="Home user guide 640 x 340"/><br /> &nbsp;<br /> "Of course, buying a home is probably the biggest investment you'll ever make and that's why it's so important to do all the sensible things like making sure the quality is right and that your home is packed with all the features that you want.</p> <p>"We know that Bromford ticks all of those boxes in style but we also understand that, for most people, they are making an emotional investment as well as a financial one. For them, househunting is also about finding the home of their dreams; they want to fall in love with it.</p> <p>"Entering into the Valentine's spirit is a fun way for people do exactly that&nbsp;− and we certainly look forward to seeing the start of some more l<a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">ove stories</a> involving shared ownership and equity loan buyers."</p> <p><img width="599" height="318" src="/media/175466/helpubuy_couple_1_599x318.jpg" alt="HelpUbuy couple 1"/></p> <p>Our <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Oaklands</a> demo home is open Friday-Monday from 10.30am to 4.30pm. To find out more about any of our developments, our affordable schemes and special incentives at selected developments, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.<br /> &nbsp;<br /> * £63,000 would buy a typical 45% share of a two-bed Nightingale with a full market value of £140,000. Assuming a 95% mortgage on that share, the deposit would be £3,150. With <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, you can buy up to 75% of your Bromford home and pay low rent on the remaining share.<br /> ** With <a href="/{localLink:3783}" target="_blank" title="Help to Buy equity loan">equity loan</a>, you can own 100% of your new home for 80% of the full market value. In this example, you can buy a two-bed home worth £164,250 for just £131,400 (80%) - that's a 5% deposit of £8,213 and a 75% mortgage of £123,188. The remaining 20% is funded by an interest-free, five-year loan. Equity loan offer available on homes at <a href="/{localLink:4390}" target="_blank" title="Akeman Court, Cirencester">Akeman Court</a>, Cirencester, and <a href="/{localLink:4591}" target="_blank" title="Woodlands, Northleach">Woodlands</a>, Cheltenham. More details and <a href="/{localLink:3785}" target="_blank" title="More details and typical example">typical example</a>.</p> /news/news/2015/february/valentines-date/ http://www.bromfordhomes.co.uk/news/news/2015/february/valentines-date/ 13 February 2015 Digital brochures v2 <p>OUR first digital brochure seems to be hitting the right buttons with homebuyers.</p> <p>That's why we've added a second interactive development guide&nbsp;− all about our affordable new <a href="/{localLink:3783}" target="_blank" title="Help to Buy equity loan">equity loan</a> homes at <a href="/{localLink:4591}" target="_blank" title="Woodlands, Northleach">Woodlands</a>, Northleach, near Cheltenham&nbsp;− under the <a href="/{localLink:1182}" target="_blank" title="Find a home">Find a Home</a> section of this website.</p> <p>The latest customer-friendly feature is ready for viewing and download less than a week after the launch of our first digital brochure introducing buyers to <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes at <a href="/{localLink:4001}" target="_blank" title="Church View, Telford">Church View</a>, Telford.<br /> <br /> Turn the digital pages of the <a href="http://www.joomag.com/magazine/bromford-homes-brochure-northleach/0054184001422443625?short" target="_blank">Woodlands brochure</a> and you'll find lots of handy information such as a:</p> <ul> <li>Handy guide to how our affordable equity loan deal works</li> <li>Link to useful area guide, and</li> <li>Factsheets explaining house types, with pictures, floor layouts and clickable buttons so that you can register your interest</li> </ul> <p>These handy guides follow other digital updates like our google-powered route finder and more are sure to follow, according to Bromford Homes Head of Sales Alan Bradley, as we continue to launch shared ownership and equity loan sites across central England.</p> <p><img width="597" height="444" src="/media/503793/northleach-2_597x444.jpg" alt="The Sherborne"/><br /> <br /> "We believe homebuyers will now find it that much easier to get a snapshot view of great developments like Woodlands (pictured above) or Church View and, if they like what they see, to start things moving so they can make their property dream come true," he says.</p> <p>"Our customers are at the centre of everything we do and sometimes it's the little things&nbsp;− like being able to access helpful area information if you're not familiar with a town or neighbourhood&nbsp;− that can really make the difference.</p> <p>"We work hard to ensure that homebuyers have a top-quality experience from the moment they first visit our website all the way through to collecting their keys and moving into a top-quality home − and well after that."</p> <p><img width="600" height="318" src="/media/77551/moving_home_-_how_much_does_it_cost_640_x_340_600x318.jpg" alt="Moving home: How much does it cost 640 x 340"/><br /> <br /> Alan encourages homebuyers to make the most of the new digital brochure and other online features such as <a href="/{localLink:2788}" target="_blank" title="Register for updates">Register for updates</a> in the search for their dream home. He also urges them to keep track of new developments and offers through <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a> and <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a>.</p> <p>"We've already had one more reservation at <a href="/{localLink:4001}" target="_blank" title="Church View, Telford">Church View</a> since that digital brochure was added to the website&nbsp;− leaving just one more shared ownership home up for grabs," says Alan. "We're pleased with the initial response to these new digital brochures and encourage customers to give us more feedback as we are always looking for ways to improve what we do."</p> /news/news/2015/february/digital-brochures-v2/ http://www.bromfordhomes.co.uk/news/news/2015/february/digital-brochures-v2/ 12 February 2015 Warwick sales success <p>EAGER first-time buyers are snapping up our affordable new homes at <a href="/{localLink:4424}" target="_blank" title="Beaumont Meadow">Beaumont Meadow</a>&nbsp;− just outside the centre of historic Warwick.</p> <p>Four of the half dozen two-bed houses are now reserved by local people who can't afford this property hotspot's open-market prices&nbsp;− but can afford to pay as little as £101,250* for a typical 45% share through our popular part-buy, part-rent scheme.</p> <p>This new year <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> sales surge leaves just two more top-quality Sherbourne home up for grabs&nbsp;− and buyer demand is so strong that these are sure to be snapped up too, says Bromford Homes Head of Sales Alan Bradley.</p> <p>His advice to other would-be homebuyers? "Be quick or you could miss out on these last few low-cost opportunities to make your home ownership dream come true," says Alan.</p> <p><img width="600" height="318" src="/media/77461/first-time_buyer_guide_640_x_340_600x318.jpg" alt="First-time buyer guide 640 x 340"/><br /> <br /> "If you live or work in Warwick, you get first priority. So, if you've saved enough for a minimum deposit of just over £5,000, give us a call and find out how you can get on the property ladder at a price you can truly afford.</p> <p>"<a href="/{localLink:4428}" target="_blank" title="The local area">Warwick</a> is a very desirable place to live and this is reflected in the asking prices for all kinds of local houses and apartments. As a result, most first-time buyers on ordinary incomes are quite simply priced out.</p> <p>"With shared ownership, you buy a percentage of the full market price instead of buying outright. That means a lower deposit&nbsp;− in this case, a minimum of just £5,063*&nbsp;− and lower monthly mortgage payments, with low monthly rent payable on the share you don't buy.</p> <p>"These houses (pictured below) are built to the same high quality as the open-market homes that Taylor Wimpey is building alongside them, and they come with all the mod cons, other features and contemporary room layouts that people want these days.</p> <p><img width="600" height="498" src="/media/507265/beaumont-meadow_600x498.jpg" alt="The Sherbourne"/></p> <p>"The big difference is the cost&nbsp;− and that's the reason why two-thirds of these great homes have been reserved in a matter of weeks since we confirmed the prices. Shared ownership at Beaumont Meadow really does offer young working people a truly affordable alternative to private renting or living with your parents."</p> <p>The <a href="/{localLink:4629}" target="_blank" title="The Sherbourne">Sherbourne</a> homes off Academy Drive each feature a contemporary kitchen with stainless steel oven, hob and extractor, two double bedrooms and downstairs cloakroom as well as bathroom. Off-road parking also comes as standard.</p> <p>To find out more about buying at <a href="/{localLink:4424}" target="_blank" title="Beaumont Meadow">Beaumont Meadow</a> call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> @BromfordHomes and on <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.</p> <p>* £101,250 buys a 45% share of a two-bed house with a full market value of £225,000. A minimum deposit of £5,063 assumes a 95% mortgage on that share, with low rent payable on the share you don't buy.</p> /news/news/2015/february/warwick-sales-success/ http://www.bromfordhomes.co.uk/news/news/2015/february/warwick-sales-success/ 10 February 2015 First digital brochure <p>FINDING out more about our great new Bromford homes has never been easier&nbsp;− thanks to a new customer-friendly feature we've introduced on this website.</p> <p>Click on the Don't Miss Out button for <a href="/{localLink:4001}" target="_blank" title="Church View, Telford">Church View</a>, Telford&nbsp;− under our <a href="/find-a-home/" target="_blank">Find a Home</a> section&nbsp;− and you'll now see our first interactive development guide.</p> <p>Turn the pages of this <a href="http://www.joomag.com/magazine/bromford-telford/0082895001422457304?short" target="_blank">digital brochure</a> and you'll find lots of handy information such as:</p> <ul> <li>Handy guide to how <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> works</li> <li>Factsheets explaining house types, with pictures, floor layouts and clickable buttons so that you can <a href="/{localLink:3721}" target="_blank" title="Register">register your interest</a></li> <li>Link to useful area guide</li> </ul> <p><img width="597" height="462" src="/media/450762/the-granville_597x462.jpg" alt="The Granville"/></p> <p>It's just another digital update like our google-powered route finder and&nbsp;− like all the other improvements we've made to our website and social media&nbsp;− designed to make things better for customers, according to Bromford Homes Head of Sales Alan Bradley.</p> <p>More digital brochures will follow, with our new equity loan homes (pictured below) at <a href="/{localLink:4591}" target="_blank" title="Woodlands, Northleach">Woodlands</a>, Northleach&nbsp;− in the heart of the Cotswolds&nbsp;− next on the list.</p> <p><img width="600" height="456" src="/media/503788/northleach-3_600x456.jpg" alt="The Colesbourne"/></p> <p>"We hope that homebuyers will now find it that much easier to get a snapshot view of great developments like Church View and, if they like what they see, to start things moving so they can make their property dream come true," he says.</p> <p>"Our customers are at the centre of everything we do and sometimes it's the little things&nbsp;− like being able to access helpful area information if you're not familiar with a town or neighbourhood&nbsp;− that can really make the difference.</p> <p>"We work hard to ensure that homebuyers have a top-quality experience from the moment they first visit our website all the way through to collecting their keys and moving into a top-quality home&nbsp;− and well after that."</p> <p><img width="599" height="318" src="/media/78005/incentives_640_x_340_599x318.jpg" alt="Incentives 640 x 340"/></p> <p>Alan encourages homebuyers to make the most of the new digital brochure and other online features such as <a href="/{localLink:2788}" target="_blank" title="Register for updates">Register for updates</a> in the search for their dream home. He also urges them to keep track of new developments and offers through social media at a time when the number of followers continues to grow.</p> <p>"Every week that goes by sees more customers make use of Twitter and Facebook to ask questions and keep track of what we're doing alongside the traditional methods of staying in touch," says Alan.</p> <p>"We encourage people to do so as it can be quickest, easiest way to find out about the latest news. We also encourage them to give us feedback as we are always looking for ways to improve what we do&nbsp;− and certainly look forward to hearing what customers think about the new digital brochures."</p> <p>Have you seen our new <a href="/{localLink:4001}" target="_blank" title="Church View, Telford">Church View</a> brochure? Was it helpful&nbsp;− or not? Why not share your views on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>?</p> /news/news/2015/february/first-digital-brochure/ http://www.bromfordhomes.co.uk/news/news/2015/february/first-digital-brochure/ 05 February 2015 Long Buckby best of both <p>FIRST-TIME buyers can enjoy the best of both worlds with our affordable new homes at <a href="/{localLink:4358}" target="_blank" title="Buckby Meadows, Daventry">Buckby Meadows</a>, Long Buckby, near Daventry.</p> <p>You can make the most of rural life in this thriving historic village, surrounded by beautiful Northamptonshire countryside, AND take advantage of great commuter links to Birmingham, Northampton and London thanks to the local railway station a few minutes walk away.</p> <p>Add our low <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> prices, which start from just £66,000* for a two-bed <a href="/{localLink:4519}" target="_blank" title="The Ravensthorpe">Ravensthorpe</a> house or £78,200** for a three-bed <a href="/{localLink:4518}" target="_blank" title="The Hollowell">Hollowell</a>, and you've got a real win-win way of getting onto the county's property ladder.</p> <p>That's the message to local first-time buyers from Bromford Homes Head of Sales Alan Bradley as some of our Bovis-built homes head for March completion.</p> <p><img width="600" height="250" src="/media/485858/buckbymeadowssign-960x400_600x250.jpg" alt="Buckby Meadows sign 960x400"/><br /> <br /> His advice is simple. "Be quick or you could miss out on this truly affordable opportunity to make your property dream come true," says Alan.<br /> <br /> "These are great homes at great prices&nbsp;− and it's a great location. But we've got just four of these homes on offer right now and, once the word gets out, we believe it won't be long before they're snapped up. And don't forget&nbsp;− local people get top priority. "</p> <p>The secret of those low prices&nbsp;− and equally low deposits that can be as little as £3,300* for a two-bed&nbsp;− is shared ownership's unique formula. Instead of buying outright, you buy an affordable share of your new Bromford home&nbsp;− 40-45% is typical but it can be as much as 75%&nbsp;− and pay low rent on the remaining share.</p> <p><img width="599" height="318" src="/media/518555/buckbymeadowsravensthorpe-640x340_599x318.jpg" alt="Buckby Ravensthorpe 640x340"/><br /> <br /> "These low purchase prices and deposits explain why so many singletons, couples and young families in Northants and across central England are saying such a big YES to shared ownership," says Alan.<br /> <br /> "Our high-quality, low-cost homes are ideal for people in and around villages like Long Buckby&nbsp;− people who want to stay in the place where they've got family and friends but can't afford to buy on the open market.</p> <p>"Both the purchase price and the deposit at Buckby Meadows are a fraction of what it would cost to buy a similar home on the open market.<br /> <br /> "What's more, the monthly costs of shared ownership are affordable too&nbsp;− and you don't have to take our word for it. Just listen to some of the hundreds of <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">customers who've collected the keys</a> to a new Bromford home. Shared ownership has made their property dreams come true and it can do the same for you."<br /> <br /> To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:4358}" target="_blank" title="Buckby Meadows, Daventry">Buckby Meadows</a> call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.</p> <p><img width="599" height="333" src="/media/483356/longbuckby3_599x333.jpg" alt="Long Buckby 3"/><br /> <br /> * £66,000 buys a typical 40% of a two-bed home with a full-market value of £165,000. Your minimum deposit on that share, assuming a 95% mortgage, would be £3,300. ** £78,200 buys a typical 40% of a two-bed home with a full-market value of £195,500. Your minimum deposit on that share, assuming a 95% mortgage, would be £3,910.</p> /news/news/2015/january/long-buckby-best-of-both/ http://www.bromfordhomes.co.uk/news/news/2015/january/long-buckby-best-of-both/ 28 January 2015 Telford open day <p>WANT to know how you can get on the Telford property ladder with our last two low-deposit, low-cost homes at <a href="/{localLink:4001}" target="_blank" title="Church View, Telford">Church View</a>?</p> <p>Then come along to our special weekend open house for first-time buyer families this Saturday (January 31) between noon and 2pm.</p> <p>We'll show you round our fully-furnished three-bed showhome and explain how <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> can make your property dream come true at a low price you really can afford.</p> <p>The secret? It's our popular part-buy, part-rent formula, which means you could be moving into our last two-bed <a href="/{localLink:4018}" target="_blank" title="The Hayward">Hayward</a> house (pictured below) off St Matthew's Road, Telford, for as little as £32,500 and a minimum deposit of just £1,625*.</p> <p><img width="600" height="450" src="/media/450767/the-hayward_600x450.jpg" alt="The Hayward"/><br /> <br /> That's enough to buy a minimum 25% share of this top-quality two-bed&nbsp;− or you could snap up our last three-bed Granville from just £36,250 and minimum deposit of £1,813**.</p> <p>Bromford Homes Head of Sales Alan Bradley urges buyers to check out the great build-quality, family-friendly layout and range of features&nbsp;− including spacious lounge-diner, downstairs cloakroom and stylish kitchen with fitted hob, oven and extractor&nbsp;− as well as the great prices. Both homes are also fully carpeted.</p> <p>"Shared ownership's low deposits and low monthly costs − lower, on average, than it costs to rent from a private landlord − really do make the difference for anyone who wants a home they can call their own but is priced out of the open market," says Alan.</p> <p>"Our buyers tell us time and time again they would have been unable to get onto the property ladder any other way. If that sounds like you − and you want to find out how you too can make your dream come true − then come and join us."</p> <p><img width="597" height="462" src="/media/450762/the-granville_597x462.jpg" alt="The Granville"/></p> <p><br /> To find out more about Saturday's open house and how to buy at <a href="/{localLink:4001}" target="_blank" title="Church View, Telford">Church View</a> call our Telford agents Barbers on <strong>01952 221211</strong>. You can also call <strong>0845 60 10 878</strong>, <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> and keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.<br /> <br /> * £32,500 buys a minimum 25% share of a two-bed Hayward with a full market value of £130,000 and a minimum deposit of just £1,625 assumes a 95% mortgage on the share you buy. ** £36,250 buys a minimum 25% share of a three-bed Granville (above) with a full market value of £145,000 and a minimum deposit of just £1,813 assumes a 95% mortgage on the share you buy.</p> /news/news/2015/january/telford-open-day/ http://www.bromfordhomes.co.uk/news/news/2015/january/telford-open-day/ 29 January 2015 Rugby sales success <p>THE DREAM of buying your own home is coming true for dozens of <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> buyers in Rugby&nbsp;− and for less on average than it costs to rent from a private landlord.</p> <p>First-time buyer demand is so strong that all but one of eight two-bed Beckford homes at <a href="/{localLink:4281}" target="_blank" title="Butterfield Gardens, Rugby">Butterfield Gardens</a> are now reserved thanks to part-buy prices that start from just £56,250*.</p> <p>It's a similar success story at our other Rugby development, <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Oaklands</a>, with 11 homes sold and another eight reserved by shared ownership buyers.</p> <p><img width="600" height="250" src="/media/444220/oaklands-dunnock-960x400_600x250.jpg" alt="Oaklands Dunnock 960x400"/><br /> &nbsp;<br /> That leaves just three Oaklands homes up for grabs and another five coming soon with prices as low as £60,750** for a two-bed Nightingale home or £83,250 for a three-bed <a href="/{localLink:3422}" target="_blank" title="The Dunnock">Dunnock</a>*** (pictured above).</p> <p>Bromford Homes Head of Sales Alan Bradley urges local first-time buyers to grab these last few opportunities while they can. "Rugby is like many places these days&nbsp;− property prices are fairly high and incomes relatively low for ordinary working people," he says.</p> <p>"We know that people still aspire to own their own home&nbsp;− and shared ownership can make that dream come true at an initial price that people can afford and a monthly cost that is typically <a href="/{localLink:4260}" target="_blank" title="Part-buy vs private rented">cheaper than renting</a> a similar home from a private landlord.</p> <p>"It's a real win-win for first-time buyers on ordinary incomes and a growing number of people who, before the credit crunch, would probably have been able to buy a first home the traditional way. People can have a combined household income of up to £60,000 and still qualify."</p> <p><img width="600" height="318" src="/media/77461/first-time_buyer_guide_640_x_340_600x318.jpg" alt="First-time buyer guide 640 x 340"/><br /> &nbsp;<br /> With shared ownership, buyers purchase between 25% and 75% of a new Bromford home rather than buy outright&nbsp;− the exact amount depends on their income − and pay low rent on the remaining share.<br /> &nbsp;<br /> "The strong demand we've experienced at Butterfield Gardens and Oaklands says it all&nbsp;− and in the case of Oaklands follows a very <a href="/{localLink:4097}" target="_blank" title="Oaklands case study">successful first phase</a> of shared ownership a year or so ago," says Alan.</p> <p>"It's no wonder then that so many first-time buyers from Rugby&nbsp;− and the rest of Warwickshire and central England&nbsp;− are saying such a big YES to shared ownership. We expect the remaining homes at Oaklands and Butterfield Gardens will be snapped up very soon."</p> <p><img width="599" height="318" src="/media/77940/ways_to_buy_640_x_340_599x318.jpg" alt="Ways to buy 640 x 340"/></p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and opportunities to buy in your area, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.</p> <p>* £56,250 would buy a 45% share of a two-bed <a href="/{localLink:4314}" target="_blank" title="The Beckford">Beckford</a> with a full market value of £125,000. A deposit of £2,813 assumes a 95% mortgage on that minimum share.<br /> * £60,750 would buy a 45% share of a two-bed <a href="/{localLink:3424}" target="_blank" title="The Nightingale">Nightingale</a> with a full market value of £135,000. A deposit of £3,038 assumes a 95% mortgage on that minimum share.<br /> * £83,250 would buy a 45% share of a three-bed <a href="/{localLink:3422}" target="_blank" title="The Dunnock">Dunnock</a> with a full market value of £185,000. A deposit of £4,163 assumes a 95% mortgage on that minimum share.</p> /news/news/2015/january/rugby-sales-success/ http://www.bromfordhomes.co.uk/news/news/2015/january/rugby-sales-success/ 20 January 2015 Warwick prices confirmed <p>FIRST-TIME buyers are being offered a chance to get on the Warwick property ladder for a fraction of what it would cost on the open market.</p> <p>Yes, you can snap up a Sherbourne home at <a href="/{localLink:4424}" target="_blank" title="Beaumont Meadow">Beaumont Meadow</a>&nbsp;− close to the M40 and just four miles from the nearest mainline station - for as little as £101,250* through low-cost <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>Prices are confirmed as the construction team heads for March completion of just six Bromford two-beds (pictured below) as part of this popular Taylor Wimpey development.</p> <p>With our typical prices&nbsp;− and deposits&nbsp;− less than half what it would cost for an open-market purchase, Bromford Homes Head of Sales Alan Bradley predicts strong demand and urges first-time buyers who live or work locally to act quickly if they want to reserve a particular plot for just £500.</p> <p><img width="600" height="498" src="/media/507265/beaumont-meadow_600x498.jpg" alt="The Sherbourne"/><br /> <br /> "That £500 could be one of the best investments you'll ever make if you're someone who wants to get on the property ladder in this historic county town − and make your dream of home ownership come true at a price you can truly afford," says Alan, an expert in shared ownership.</p> <p>"Warwick is a very desirable place to live and this is reflected in the asking prices for all kinds of local houses and apartments. As a result, most first-time buyers on ordinary incomes are quite simply priced out.</p> <p>"Shared ownership offers them an affordable way of making their home ownership dream come true. Instead of buying outright, you buy a percentage of the full price. That means a lower deposit&nbsp;− from just over £5,000* in this case&nbsp;− and lower monthly mortgage payments, with low monthly rent payable on the share you don't buy.</p> <p><img width="600" height="424" src="/media/512201/sherbourne-floor-plans_600x424.jpg" alt="Floor plan"/><br /> <br /> "These houses are built to the same high quality as the open-market homes that Taylor Wimpey is building alongside them, and they come with all the mod cons, other features and contemporary room layouts (above) that people want these days.</p> <p>"The big difference is the cost. Shared ownership at Beaumont Meadow offers young working people a truly affordable alternative to private renting or living with your parents."<br /> <br /> A typical deposit for a two-bed house at Beaumont Meadow can be as little as £5,063* if buying a typical 45% share. The homes off Academy Drive all feature a contemporary kitchen with stainless steel oven, hob and extractor, two double bedrooms and downstairs cloakroom as well as bathroom. Off-road parking also comes as standard.<br /> &nbsp;<br /> To find out more about buying at <a href="/{localLink:4424}" target="_blank" title="Beaumont Meadow">Beaumont Meadow</a> call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> @BromfordHomes and on <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.</p> <p>* £101,250 buys a 45% share of a two-bed house with a full market value of £225,000. A minimum deposit of £5,063 assumes a 95% mortgage on that share, with low rent payable on the share you don't buy.</p> /news/news/2015/january/warwick-prices-confirmed/ http://www.bromfordhomes.co.uk/news/news/2015/january/warwick-prices-confirmed/ 15 January 2015 Stamp duty savings <p>NEW stamp duty rules are great cash-saving news for homebuyers who snap up one of our affordable new <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a> apartments or houses in the heart of the Cotswolds.</p> <p>Homebuyers will now save £650* on stamp duty&nbsp;− compared to the old rates&nbsp;− when buying a three-bed Sherbourne house at <a href="/{localLink:4591}" target="_blank" title="Woodlands, Cheltenham">Woodlands</a>, Northleach, near Cheltenham.</p> <p>And the stamp duty bill is more than halved from £1,620 down to £740&nbsp;− saving £880**&nbsp;− if buying a two-bed equity loan apartment at <a href="/{localLink:4390}" target="_blank" title="Akeman Court, Cirencester">Akeman Court</a>, Cirencester (pictured below).</p> <p><img width="600" height="250" src="/media/504528/akemancourt-960x400_600x250.jpg" alt="AkemanCourtCiren 960x400"/><br /> <br /> Bromford Homes Head of Sales Alan Bradley welcomes the Chancellor's reform, which came into force at the start of December, creating a set of rising charge bands that make stamp duty much more like income tax.</p> <p>"It's a much fairer way of charging buyers on what is almost certainly the biggest purchase they will ever make&nbsp;− and the savings are very welcome news indeed for first-time buyers in general," says Alan.</p> <p>"Under the old system, if you bought a home for less than £125,000 you paid no stamp duty&nbsp;− and that was fine. But if you paid, say, £130,000 for your home, you had to pay 1% stamp duty on the whole amount&nbsp;− or £1,300.</p> <p>"Under the new system, there will be no tax at all on the first £125,000 of a property's price. Between £125,000 and £250,000, 2% will be charged and between £250,000 and £925,000, the charge is 5%.</p> <p>"That means someone buying the same £130,000 home will be charged 2% stamp duty but only on the additional £5,000 over the £125,000 threshold. That's just £100 rather than £1,300 previously.</p> <p><img width="599" height="318" src="/media/175308/deposit_match_bumslap_599x318.jpg" alt="Deposit Match bumslap"/></p> <p><br /> "The Chancellor says 98% of all homebuyers will be better off under the new system&nbsp;− and that's certainly true for anyone who buys one of our affordable equity loan homes at two new developments in the heart of the Cotswolds.</p> <p>"We calculate that an average Bromford buyer here will be better off by about £650*&nbsp;− and that's on top of the tremendous <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a> deal that enables them to own 100% of their new home with just 5% deposit and a 75% mortgage. It's a real win-win prospect for anyone in the Cotswold district who wants to start the new year with a new home."</p> <p><img width="597" height="444" src="/media/503793/northleach-2_597x444.jpg" alt="The Sherborne"/><br /> <br /> * Stamp duty is calculated on the total purchase value of your equity loan home, including the 20% no-interest loan. Our example - a 3-bed Sherbourne (pictured above) house&nbsp;− costs the buyer £148,000, or 80% of the full market value, £185,000. Under the old stamp duty rules, the buyer would pay 1% duty or £1,850 on the full value. Under the new rules, the first £125,000 is duty-free and you pay £1,200 (2% on £60,000)&nbsp;− a saving of £650.<br /> <br /> ** Stamp duty is calculated on the total purchase value of your equity loan home, including the 20% no-interest loan. Our example&nbsp;− a 2-bed apartment at Akeman Court&nbsp;− costs the buyer from £129,600, or 80% of the full market value, £162,000. Under the old stamp duty rules, the buyer would pay 1% duty or £1,620 on the full value. Under the new rules, the first £125,000 is duty-free and you pay £740 (2% on £37,000)&nbsp;− a saving of £880.</p> <p>The stamp duty reforms are explained in a useful <a href="http://www.bbc.co.uk/news/business-30309468" target="_blank">BBC News guide</a> and there's more information at <a href="https://www.gov.uk/stamp-duty-land-tax-rates" target="_blank">gov.uk</a>.</p> /news/news/2015/january/stamp-duty-savings/ http://www.bromfordhomes.co.uk/news/news/2015/january/stamp-duty-savings/ 14 January 2015 Hope for revolving door renters <p>SHARED ownership is the "affordable key that can unlock the dream of home ownership" for many private renters stuck in what they fear will be a lifelong cycle of short-term lets.</p> <p>Their plight is highlighted in a new National Housing Federation report revealing that people who rent from private landlords are NINE times more likely to have moved in the past year than homeowners.</p> <p>One in four private renters told the NHF they feel unable to put down roots or plan for the future because they might have to move again and the figure is even higher&nbsp;− rising to nearly a third of those polled&nbsp;− for renters with children.</p> <p>The NHF research&nbsp;− and call for more affordable home building&nbsp;− prompts a message of hope for at least some of these would-be homebuyers from Bromford Homes Head of Sales Alan Bradley.</p> <p><img width="599" height="318" src="/media/77970/buy_outright_640_x_340_599x318.jpg" alt="Buy outright 640 x 340"/><br /> &nbsp;<br /> "That hope comes in the form of <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− you could call it the affordable key that can unlock the dream of home ownership for working people who feel trapped in this revolving door of short-term private lets," says Alan.</p> <p>"The NHF findings very much reflect what our <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">shared ownership buyers</a> say to us. Seven out of ten private renters tell the NHF they would prefer to own their own home and yet they feel they have no choice but to move from one short-term let to another, unable to save enough for a buyer's deposit because their wages are eaten up by high rent.<br /> &nbsp;<br /> "Shared ownership's low deposits and affordable monthly payments can break this cycle&nbsp;− and give would-be homebuyers the greater sense of security they dream of. Security that means you don't have to worry about when your next move will be and if it means uprooting your children from their friends and schools.</p> <p><img width="599" height="318" src="/media/77451/how_we_can_help_640_x_340_599x318.jpg" alt="How we can help image 640 x 340"/><br /> &nbsp;<br /> "Many of our Generation Rent buyers tell us that this was a key factor behind saying yes to shared ownership. The part-buy, part-rent formula allows people with a total household income of up to £60,000 to get on the property ladder at a price they can afford.</p> <p>"It's not the solution for everyone, of course, and we wholeheartedly support the NHF call for a major increase in the amount of house building so that young working families can get the stable housing they need at a price they can genuinely afford.<br /> &nbsp;<br /> "In the meantime, shared ownership is already making the difference for hundreds of homebuyers priced out of the open market by a mixture of rising property values and stagnant wages. We've got around 20 active development across central England like our successful <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Oaklands</a> site in Rugby (pictured below) and plan a significant increase in the number of homes we can sell in the coming year."</p> <p><img width="600" height="250" src="/media/444220/oaklands-dunnock-960x400_600x250.jpg" alt="Oaklands Dunnock 960x400"/><br /> &nbsp;<br /> To find out more about shared ownership and how it works, we've captured one <a href="/{localLink:1446}" target="_blank" title="Shared ownership">couple's story on video</a>. Our expert advisors are ready to answer your questions on <strong>0845 60 10 878</strong> and you can visit our demo home at Oaklands five days a week from 10.30am to 4.30pm. Homebuyers can also get regular updates by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.<br /> &nbsp;<br /> The NHF findings are explained in their <a href="http://www.housing.org.uk/media/press-releases/high-house-prices-breed-a-new-generation-of-revolving-door-renters/" target="_blank">press release</a>.</p> /news/news/2015/january/hope-for-revolving-door-renters/ http://www.bromfordhomes.co.uk/news/news/2015/january/hope-for-revolving-door-renters/ 09 January 2015 Deposit hope for buyers and Bank of Mum & Dad <p>MORE parents are taking on large debts or dipping into their life savings so that they can help young adults buy their first home&nbsp;− and the average amount borrowed from the Bank of Mum and Dad is now a hefty £18,505.</p> <p>These findings&nbsp;− based on responses from 500 parents*&nbsp;− prompt a timely reminder to first-time buyers and their families about the benefits of low-cost <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>Bromford Homes Head of Sales Alan Bradley highlights shared ownership's low deposits and affordable monthly costs as a much more affordable alternative to the traditional outright home sale.</p> <p><img width="600" height="250" src="/media/342573/so-parents-and-daughter-960x400_600x250.jpg" alt="SO parents and daughter"/></p> <p>"My advice to first-time buyers&nbsp;− and their parents&nbsp;− is simple. Take a good look at shared ownership before you make any commitments and you could be pleasantly surprised by how affordable it is," says Alan.</p> <p>"We know from experience with hundreds of first-time buyers that many of them turn to their parents for help with the deposit. The £18,505 family loan quoted in the study is of course distorted by very high property values in London and the South East but it does give us a general sense of the burden being shouldered by typical families.<br /> <br /> "With shared ownership, the deposit is a much more affordable figure&nbsp;− around £3,750 for the average Bromford homebuyer in central England.</p> <p><img width="599" height="318" src="/media/78010/deposit_paid_640_x_340_599x318.jpg" alt="Deposit paid 640 x 340"/><br /> <br /> "The desire among young adults to own their own home remains strong despite high open market prices and, of course, many parents are keen to help them achieve the same ownership dream that they enjoy.</p> <p>"But this new study confirms that, in many cases, parents are having to make big financial sacrifices in order to help their children step onto the property ladder. Some are forced to remortgage their own home and more than one in 10 say they have cashed in their investments. Two-thirds say their children could not have done it without their help and, tellingly, some admit helping out has caused them financial hardship.<br /> <br /> "Shared ownership offers a different and more affordable solution to the problem. Instead of buying outright, you buy a share of your new home&nbsp;− 40% or thereabouts is typical&nbsp;− and pay low rent on the remaining share.</p> <p><img width="600" height="318" src="/media/77653/home_user_guide_640_x_340_600x318.jpg" alt="Home user guide 640 x 340"/><br /> <br /> "Young homebuyers can always increase the share they own when they've saved more money or their earning power improves. In the meantime, they've taken that crucial first step on the property ladder without stretching their finances&nbsp;− or those of their parents."<br /> <br /> To find out more about shared ownership and how it works, we've captured one couple's story on <a href="/{localLink:1446}" target="_blank" title="Shared ownership">video</a> (pictured below) and prepared a special <a href="/{localLink:3513}" target="_blank" title="Shared ownership from parents' point of view">Q&amp;A for parents</a>.</p> <p><img width="600" height="250" src="/media/369664/larksrise-clare-matt-alt-960x400_600x250.jpg" alt="LarksRise Matt&amp;Clare alt"/><br /> <br /> Our expert advisors are ready to answer your questions on <strong>0845 60 10 878</strong> and you can visit our demo home at <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Oaklands</a>, Rugby, five days a week (Thursday-Monday from 10.30am to 4.30pm). Homebuyers can also get regular updates by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.</p> <p>* The research, commissioned by law firm Slater &amp; Gordon, was based on responses from more than 500 parents who had helped their children buy a home. More about study in this Daily Telegraph <a href="http://www.telegraph.co.uk/finance/personalfinance/houseprices/11321365/Average-mortgage-deposit-from-Bank-of-Mum-and-Dad-is-now-18505.html" target="_blank">property story</a>.</p> /news/news/2015/january/deposit-hope-for-buyers-and-bank-of-mum-dad/ http://www.bromfordhomes.co.uk/news/news/2015/january/deposit-hope-for-buyers-and-bank-of-mum-dad/ 07 January 2015 Why buy in 2015 <h4>Shared ownership expert ALAN BRADLEY encourages first-time buyers to make their dreams come true in 2015</h4> <p><img width="600" height="250" src="/media/481444/alan-bradley-960x400_600x250.jpg" alt="Alan Bradley 960x400"/><br /> &nbsp;<br /> LOOKING forward to 2015? January is a time when many of us think about making changes that will improve the quality of our lives.</p> <p>For many people that means making the dream of home ownership come true. So what are the prospects for first-time buyers as the new year dawns?</p> <p>It's a $64,000 question&nbsp;− especially for those aspiring homeowners who are priced out of the traditional property market after years of big increases.</p> <p>Their dilemma is highlighted by a new study, compiled by the Centre for Economics and Business Research, showing that the average house earned more during 2014 than the average worker did in wages. It's a telling statistic&nbsp;− and property experts seem to agree that average asking prices will remain high during 2015.</p> <p>Does that mean the end of the dream for aspiring homeowners? Will they have to stay living with their Mums and Dads? Does it mean singletons, couples and young families will remain forever as part of Generation Rent?</p> <p><img width="600" height="250" src="/media/342573/so-parents-and-daughter-960x400_600x250.jpg" alt="SO parents and daughter"/><br /> &nbsp;<br /> No, it doesn't&nbsp;− and that's thanks to the low deposits and affordable monthly costs that come with <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>. It's a win-win formula that allowed 140 <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">Bromford buyers</a> to get on the property ladder during 2014 and enjoy the greater sense of security that comes with home ownership.</p> <p>Looking ahead, we believe shared ownership will become even more popular with those on average incomes and that's why we're building even more homes during 2015.<br /> &nbsp;<br /> Experts seem to agree that interest rates are likely to remain at their historic low for the immediate future and the mortgage market is more buyer-friendly than at any time since the credit crunch began.</p> <p><img width="600" height="318" src="/media/77551/moving_home_-_how_much_does_it_cost_640_x_340_600x318.jpg" alt="Moving home: How much does it cost 640 x 340"/></p> <p>These are all positives for would-be homebuyers who've saved enough for a typical shared ownership deposit with Bromford of, say £3,750, and can afford the monthly payments.</p> <p>Buying a home is probably the biggest investment you'll ever make. It's also one of the most rewarding. If you want to start the new year with a new home, you can take the first step by <a href="/{localLink:1361}" target="_blank" title="Contact us">giving us a cal</a><strong><a href="/{localLink:1361}" target="_blank" title="Contact us">l</a>.</strong></p> /news/blogs/2014/december/why-buy-in-2015/ http://www.bromfordhomes.co.uk/news/blogs/2014/december/why-buy-in-2015/ 29 December 2014 Quality of life survey <p>FIVE of our affordable new homes locations feature in the Top 50 quality of life league published by one of Britain's biggest mortgage lender.</p> <p>Highest placing at No 7 goes to the South Northants district, which includes our popular <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> development at <a href="/{localLink:3955}" target="_blank" title="Becket Manor, Deanshanger">Becket Manor</a>, Deanshanger.</p> <p>County town Warwick (pictured below) is one of the Halifax Top 50's biggest climbers&nbsp;− rising from&nbsp; 42nd in 2013 to 11th place this year&nbsp;− and the location of our upcoming <a href="/{localLink:4424}" target="_blank" title="Beaumont Meadow">Beaumont Meadow</a> development.</p> <p><img width="599" height="333" src="/media/495136/warwick8_599x333.jpg" alt="Warwick8"/><br /> <br /> Another popular Warwickshire town, Stratford-upon-Avon, clinches 22nd place in the new rankings and Rugby&nbsp;− where we have two developments, <a href="/{localLink:4281}" target="_blank" title="Butterfield Gardens, Rugby">Butterfield Gardens</a> and <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Oaklands</a>&nbsp;− is in 35th position.</p> <p>Aylesbury Vale&nbsp;− site of our fast-selling <a href="/{localLink:3977}" target="_blank" title="Foxlow Grange, Aylesbury">Foxlow Grange</a> homes&nbsp;− is last but not least of our Top 50 fivesome with a highly respectable 41st placing.</p> <p>The survey findings are good news for householders in Top 50 areas, says Bromford Homes Head of Sales Alan Bradley. "Warwick has fared particularly well this year, rising more than 30 places to sit just outside the Top 10 in this well-regarded survey. It's an impressive result," says Alan.</p> <p>"The survey crunches statistics from various sources and includes a number of measures ranging from residents' health and well-being to crime rates and broadband access.</p> <p>"Homebuyers in the named areas will surely welcome the findings. It's always nice to get this stamp of approval about the place that you've chosen to live and, of course, factors like low crime rates and good broadband access are very much part-and-parcel of the decision-making process for buyers.<br /> <br /> "That said, these surveys always provoke a certain amount of debate and I'm sure there are many communities out there which perhaps don't feature in the survey but can justifiably claim to offer a great quality of life.<br /> <br /> "At the end of the day, there are many factors that influence where people chose to live and how they judge quality of life. Closeness to family, friends, school and jobs are high on the list for most of our homebuyers&nbsp;− and so, of course, is affordability."</p> <p><img width="600" height="250" src="/media/444225/oaklands-goldcrest-960x400_600x250.jpg" alt="Oaklands Goldcrest 960x400"/><br /> <br /> That's why so many first-time buyers say yes to shared ownership at developments such as <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Oaklands</a> (pictured above) in Rugby or <a href="/{localLink:3955}" target="_blank" title="Becket Manor, Deanshanger">Becket Manor</a> in Deanshanger.</p> <p>"Our low deposits and affordable monthly costs make all the difference to first-time buyers&nbsp;− especially in popular market towns like Warwick or Aylesbury (below) where property prices are high and average wages fairly low," says Alan. "It's a truly affordable way for people to make their home ownership dreams come true."</p> <p><img width="599" height="318" src="/media/436882/aylesbury28_599x318.jpg" alt="Aylesbury 28"/><br /> <br /> Buyers can find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our developments across central England by calling us on <strong>0845 60 10 878</strong>. You can also r<a href="/{localLink:2788}" target="_blank" title="Register for updates">egister for updates</a> and follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.</p> /news/news/2014/december/quality-of-life-survey/ http://www.bromfordhomes.co.uk/news/news/2014/december/quality-of-life-survey/ 23 December 2014 Operation Ho-Ho-Homes <p>OPERATION Ho-Ho-Homes is bringing festive cheer to buyers across central England as they move in and start celebrating a first Christmas in their new Bromford apartments and houses.</p> <p>Our <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> sales experts are working extra hard during the countdown to Christmas to make sure that all the scheduled December completions go according to plan.</p> <p>As a result, two more buyers saw their dreams come true last week when they collected the keys to an affordable Bromford home. That brings the number of December handovers to five and another five are scheduled before the holiday shutdown.</p> <p><img width="600" height="318" src="/media/77461/first-time_buyer_guide_640_x_340_600x318.jpg" alt="First-time buyer guide 640 x 340"/><br /> &nbsp;<br /> It's set to be successful and happy ending to a short but busy festive month for Bromford Homes Head of Sales Alan Bradley and his team of Operation Ho-Ho-Homes helpers.</p> <p>"We've all been working extra hard over the last few weeks to make sure that all the scheduled December completions go according to plan so that buyers can move in and unpack in time to celebrate the Big Day," says Alan.</p> <p>"Like Santa's elves, each member of our sales and marketing team has been doing his or her bit to chase and check all the necessary paperwork and make sure that our customers have all the support and information their need.</p> <p><img width="600" height="318" src="/media/77653/home_user_guide_640_x_340_600x318.jpg" alt="Home user guide 640 x 340"/></p> <p>"We've got just over a week left to deliver these final completions so that more buyers can enjoy what&nbsp;many of them feel will be their best-ever Christmas present&nbsp;− a home they can call their own.<br /> &nbsp;<br /> "It's a magical moment when you cross the thresh-hold of your first home and see your property dream come true. That's even truer, of course, at this very special time of the year and we wish these latest buyers&nbsp;− and all of our customers&nbsp;− a very merry Christmas and a happy New Year."<br /> &nbsp;<br /> It's been a busy 2014&nbsp;− and there's no sign of let-up in demand as first-time buyers to keep saying yes to shared ownership after Christmas.</p> <p><img width="600" height="250" src="/media/416147/aleera-countess-manor-960_600x250.jpg" alt="Countess Manor 960"/><br /> &nbsp;<br /> We've just had a really successful weekend, with a busy open house at <a href="/{localLink:3484}" target="_blank" title="Countess Manor, Moulton">Countess Manor</a> (pictured above) Moulton, just outside Northampton, and seven sales agreed. This includes a final flurry of reservations at two more developments&nbsp;− <a href="/{localLink:4122}" target="_blank" title="Mulberry Gardens. Meriden">Meriden</a>, near Solihull, and <a href="/{localLink:3955}" target="_blank" title="Becket Manor, Deanshanger">Deanshanger</a> in south Northants.<br /> &nbsp;<br /> "It's all go as we look forward to the new year, with more shared ownership developments coming soon at <a href="/{localLink:4591}" target="_blank" title="Woodlands, Cheltenham">Cheltenham</a>, <a href="/{localLink:4412}" target="_blank" title="St Margaret's View, Northampton">Crick</a>, <a href="/{localLink:4466}" target="_blank" title="Wychbury Fields, Hagley">Hagley</a>, <a href="/{localLink:4472}" target="_blank" title="The Acorns, Solihull">Solihull</a> and <a href="/{localLink:4424}" target="_blank" title="Beaumont Meadow">Warwick</a>," says Alan. "We've also got an exciting new development of seven shared equity apartments taking shape in time for spring homebuyers at <a href="/{localLink:4390}" target="_blank" title="Akeman Court, Cirencester">Akeman Cour</a>t, Cirencester."<br /> &nbsp;<br /> To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">shared equity</a> and Bromford developments across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.</p> /news/news/2014/december/operation-ho-ho-homes/ http://www.bromfordhomes.co.uk/news/news/2014/december/operation-ho-ho-homes/ 16 December 2014 Akeman Court prices set <p>WE'VE set "dream" prices for our attractive new development of two-bed apartments in the heart of historic Cirencester.</p> <p>Local first-time buyers can get on the property ladder at <a href="/{localLink:4390}" target="_blank" title="Akeman Court, Cirencester">Akeman Court</a> for as little as £129,600* with our affordable <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a> scheme where you own 100% of your new home with a 75% mortgage and a 5% deposit.</p> <p>Prices are announced as our top-rated construction team heads for March completion of these seven apartments just a few minutes walk from the bustling high street with its shops, cafes, bars and popular street market.</p> <p><img width="599" height="333" src="/media/153375/cirencester_6__612x340__599x333.jpg" alt="Cirencester 6 612x340"/><br /> <br /> With handovers just three months away, Bromford Homes Head of Sales Alan Bradley urges first-time buyers who live or work locally to act quickly if they want to reserve a particular plot for just £500.</p> <p>"That £500 could be one of the best investments you'll ever make if you're someone who wants to get on the property ladder here in the Capital of Cotswolds − and make your dream of home ownership come true at a price you can truly afford," says Alan.<br /> <br /> "Cirencester is like many attractive <a href="/{localLink:4584}" target="_blank" title="Affordable hope for market towns">market towns</a> these days − property prices are relatively high and typical earnings are relatively low. That means many first-time buyers and other people who can't afford to buy on the open market believe that home ownership is now out of their reach − and, in many cases, feel they're trapped forever in private rented housing.</p> <p><img width="599" height="318" src="/media/77556/customer_service_640_x_340_599x318.jpg" alt="Customer service 640 x 340"/><br /> <br /> "Shared equity can make all the difference because you pay a deposit of just 5% and buy your new Bromford home for just 80% of its market price. No rent is payable on the other 20% and no interest is due for five years&nbsp;− and yet your home is 100% yours from Day One.</p> <p>"It really is as simple as that&nbsp;− and local homebuyers get first priority!"<br /> <br /> The attractive stone, brick and rendered building is taking shape on a secluded site off Lewis Lane − an established residential area with a good choice of local shops and other amenities just a few streets away.</p> <p><img width="600" height="250" src="/media/504528/akemancourt-960x400_600x250.jpg" alt="AkemanCourtCiren 960x400"/><br /> <br /> These traditionally-built homes are energy-efficient with allocated parking spaces, spacious living room-diner and lot of features that might only come as extras elsewhere. That includes a master bedroom with fitted wardrobes and quality kitchens with fitted oven, hob and extractor fan.</p> <p>To find out more about buying at <a href="/{localLink:4390}" target="_blank" title="Akeman Court, Cirencester">Akeman Court</a> call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> @BromfordHomes and on Facebook.</p> <p>* The <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a> purchase price of £129,600 represents 80% of the £162,000 market value. You pay a 5% deposit of £8,100 and take out a mortgage to cover the remaining 75% or £121,500</p> /news/news/2014/december/akeman-court-prices-set/ http://www.bromfordhomes.co.uk/news/news/2014/december/akeman-court-prices-set/ 13 December 2014 Countess Manor open house <p>WE'RE rolling out the welcome mat for first-time buyers at <a href="/{localLink:3484}" target="_blank" title="Countess Manor, Moulton">Countess Manor</a>, Moulton, this weekend with a special <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> open house.</p> <p>It's an ideal opportunity to check out our last part buy-part rent homes at this popular development − and to find out how you could make one of them yours for as little as £71,750* and a minimum deposit of just £3,588*.</p> <p>It's a truly affordable way of getting onto the Northants property ladder and, if you reserve now, you can look forward to making that dream come true early in the new year!</p> <p>We'll be there to welcome buyers this Saturday (Dec 13) from 11am to 3pm and Bromford Homes Head of Sales Alan Bradley encourages first-time buyers to grab this final opportunity before the festive break.</p> <p><img width="599" height="318" src="/media/504150/countess-verona-640x340_599x318.jpg" alt="Countess Verona 630x340"/></p> <p>"We've got just two three-bed homes left on this popular Taylor Wimpey development and, with prices that start this low, it's sure to be snapped up like our the others," says Alan.</p> <p>"Countess Manor really has got the lot. Great homes at a great price in a great rural location (below) − on the edge of Moulton village within easy reach of local shops and other amenities, and only a short driving distance from Northampton, Kettering and junction 15 of the M1.</p> <p><img width="599" height="333" src="/media/392613/612x340-exterior34_599x333.jpg" alt="Moulton 34"/></p> <p>"Shared ownership is probably the most affordable way for buyers to realise their dream of home ownership. Instead of buying outright, you buy between 25% and 75% and pay low rent on the remaining share. It's that easy.</p> <p>"But don't just take my word for it. Please come along on Saturday, see the homes for yourself and ask as many questions as you like. The more the merrier!"</p> <p>Buyers can find out more about <a href="/{localLink:3484}" target="_blank" title="Countess Manor, Moulton">Countess Manor</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> by calling us on <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> and follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or Facebook.</p> <p>* This example is based on an open-market property price of £205,000. A typical 35% share would cost £71,750 and a 5% deposit on that would be £3,588.</p> /news/news/2014/december/countess-manor-open-house/ http://www.bromfordhomes.co.uk/news/news/2014/december/countess-manor-open-house/ 09 December 2014 Groovy design selfies challenge <p>WE loved watching the BBC's <em>Great Interior Design Challenge</em> where creative contestants get three days, a wad of cash and some professional help to transform everything from characterful cottages in the Cotswolds to Victorian terraces and 1920s beach huts.</p> <p>Episode 13 was especially fab as the three would-be designers got to grips with makeovers in an iconic 1960s housing complex known locally as the Elephant Houses.</p> <p>Two of the contestants really went for it. Martin&nbsp;− eventual winner of this week's final&nbsp;− was given free rein with a bright, bold Austin Powers-inspired brief while <a href="http://www.interiorsbyfionawilson.co.uk/#!fiona-wilson-interior-design/c183f" target="_blank">Fiona</a>, who went on to become Martin's fellow finalist, used colour blocking to pick out the strong architectural features of her open-plan room with a "fab and groovy" midcentury modern look.</p> <p>It's amazing how much we still love design from the late 1950s, 1960s and early 1970s. You've only got to look at the Habitat section of your local Homebase or browse through the pages of an online retailer like Achica to see how strong it is as an influence.</p> <p>Modern classic Eames-style chairs are very much in demand, original 60s/70s <a href="http://www.ercol.com/ranges/originals/studio-couch/" target="_blank">Ercol daybeds</a> and vintage Danish teak furniture can fetch crazy prices on eBay, and Sanderson's fun and funky <a href="http://www.sanderson-uk.com/shop/fabric/options-10/" target="_blank">Dandelion Clocks</a> wallpaper and fabrics are everywhere&nbsp;− including the sets of telly soaps <em>EastEnders</em> and <em>Emmerdale</em>.</p> <p>We know some of our shared ownership buyers are into this retro look&nbsp;− and would love it if you shared some selfies that show your fab home stylings.</p> <p>It doesn't have to a complete room makeover. It could be a photo of you relaxing in a favourite funky chair or focusing on a feature like some crazy 70s wall stripes.</p> <p>Don't worry. We won't be asking Great Interior Design Challenge judges Sophie Robinson and Daniel Hopwood to cast their critical eyes over your handiwork!</p> <p>But we would welcome the chance to celebrate your creativity and style choices by publishing your photos on our website and Facebook page.</p> <p>We're offering £70 in shopping vouchers to the retro fan&nbsp;− you don't have to be a Bromford Homes customer&nbsp;− who sends in our favourite photo(s). You can send them via <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes/info?tab=overview" target="_blank">Facebook</a>.</p> /news/news/2014/december/groovy-design-selfies-challenge/ http://www.bromfordhomes.co.uk/news/news/2014/december/groovy-design-selfies-challenge/ 05 December 2014 Affordable hope for market towns <p>YOUNG homehunters are paying a high price when they try to get on the property ladder in one of central England's historic market towns.</p> <p>The affordability gap in market towns is much bigger with average asking prices for homes almost £25,000 higher than they are in the rest of their county, according to Lloyds Bank research.</p> <p>That makes it much harder for cash-strapped first-time buyers to get on the property ladder in historic communities such as <a href="/{localLink:3977}" target="_blank" title="Foxlow Grange, Aylesbury">Aylesbury</a> or <a href="/{localLink:4424}" target="_blank" title="Beaumont Meadow">Warwick</a>.</p> <p><img width="599" height="333" src="/media/495116/warwick4_599x333.jpg" alt="Warwick4"/></p> <p>Their plight prompts Bromford Homes Head of Sales Alan Bradley to offer homehunters a renewed message of hope&nbsp;− in the form of <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>'s lower deposits and affordable monthly costs.<br /> <br /> "This research confirms what we all know. Property prices are significantly higher in market towns&nbsp;− and it's easy to see why," says Alan.</p> <p>"People are attracted by the generally high quality of life, the rich heritage and strong community spirit in attractive market towns such as <a href="/{localLink:3749}" target="_blank" title="The Pastures, Alcester">Alcester</a> (pictured below), <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Rugby</a> or <a href="/{localLink:3861}" target="_blank" title="Pennylands, Winchcombe">Winchcombe</a>. And, of course for many first-time buyers, these are the towns where they've grown up, where their family and friends all live and where their jobs are.</p> <p><img width="599" height="333" src="/media/392475/612x340-exterior7_599x333.jpg" alt="Alcester 7"/><br /> <br /> "Sadly, property prices in such places are rising much faster than typical salaries and that makes it all the more difficult for local people to get on the property ladder and they can easily find themselves priced out of the market.</p> <p>"Shared ownership offers these buyers hope with much lower deposits&nbsp;− typically less than half what they might expect to pay on the open market&nbsp;− and affordable monthly costs."</p> <p>Alan points to market towns like Rugby where you can buy a typical 45% share of a two-bed home (pictured below) at <a href="/{localLink:4281}" target="_blank" title="Butterfield Gardens, Rugby">Butterfield Gardens</a> for as little as £56,250* or Aylesbury where you can buy 40% of a <a href="/{localLink:3977}" target="_blank" title="Foxlow Grange, Aylesbury">Foxlow Grange</a> two-bed from just £78,000**.<br /> <br /> Minimum deposits for these affordable homes can be as little as £2,813 at Rugby or £3,900 at Aylesbury.</p> <p><img width="600" height="509" src="/media/468453/the-beckford_600x509.jpg" alt="The Beckford"/><br /> <br /> "These prices make all the difference for our buyers in market towns and other places across central England," says Alan. "That's why people keeping saying such an enthusiastic YES to shared ownership. For instance, they've now snapped up all the homes at <a href="/{localLink:4109}" target="_blank" title="Quartet, Whitchurch">Quartet</a> in Whitchurch&nbsp;− another popular market town.<br /> <br /> "We've now got developments in five other market towns&nbsp;− <a href="/{localLink:3749}" target="_blank" title="The Pastures, Alcester">Alcester</a>, <a href="/{localLink:3977}" target="_blank" title="Foxlow Grange, Aylesbury">Aylesbury</a>, <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Rugby</a>, <a href="/{localLink:4424}" target="_blank" title="Beaumont Meadow">Warwick</a> and <a href="/{localLink:3861}" target="_blank" title="Pennylands, Winchcombe">Winchcombe</a>&nbsp;− and my advice to local first-time buyers is to be quick if you don't want to miss out on these low-cost opportunities to make your homebuying dreams come true."</p> <p>Our <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Oaklands</a> demo home in Rugby is open Thursday-Monday from 10am to 4.30pm. You can get driving directions <a href="/{localLink:3075}" target="_blank" title="Map and Directions">here</a> and learn more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> by calling us on <strong>0845 60 10 878</strong>. You an also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and Facebook.<br /> <br /> * £56,250 buys 45% of a two-bed <a href="/{localLink:4314}" target="_blank" title="The Beckford">Beckford</a> with a full market value of £125,000. Your minimum deposit would be £2,813, assuming a 95% mortgage on the share you buy.</p> <p>** £78,000 buys 40% of a two-bed <a href="/{localLink:4137}" target="_blank" title="The Hartwell">Hartwell</a> with a full market value of £195,000. Your minimum deposit would be £3,900, assuming a 95% mortgage on the share you buy.</p> /news/news/2014/december/affordable-hope-for-market-towns/ http://www.bromfordhomes.co.uk/news/news/2014/december/affordable-hope-for-market-towns/ 04 December 2014 Oaklands New Demo Home <p>WE'VE opened a new <a href="/{localLink:3070}" target="_blank" title="Oaklands, Rugby">Oaklands</a> view home&nbsp;− and we're sure you'll like the visitor-friendly location closer to our latest phase of affordable houses in Rugby.</p> <p>Follow the pointer signs to Plot 89 and you'll now find our freshly-carpeted <a href="/{localLink:3421}" target="_blank" title="The Goldcrest">Goldcrest</a>&nbsp;− one of four remaining 3-beds that could be yours for as little £78,750* with <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>We're open 10.30am-4.30pm from Thursday to Monday and our friendly sales consultant Angela Faulkner will be there to show you round and answer all your questions.</p> <p><img width="600" height="250" src="/media/444225/oaklands-goldcrest-960x400_600x250.jpg" alt="Oaklands Goldcrest 960x400"/></p> <p>With just four 2-bed homes also remaining, our advice to first-time buyers is to be quick and find out why so many other homehunters have chosen to make their dreams come true here at Oaklands.</p> <p>Bromford Homes Head of Sales Alan Bradley says: "Oaklands is one of our most popular developments&nbsp;− and it's easy to see why. It's a great location with great homes and great prices&nbsp;− thanks to our low-deposit shared ownership deal.</p> <p>"We decided to move the view home because the previous one was snapped up by one buyer&nbsp;− and because we wanted to be nearer to the latest wave of 2-bed and 3-bed homes here on the eastern side of Oaklands.</p> <p><img width="600" height="318" src="/media/77461/first-time_buyer_guide_640_x_340_600x318.jpg" alt="First-time buyer guide 640 x 340"/></p> <p><br /> "If you're looking for a truly affordable way of getting onto the Rugby property ladder, then you really can't do better than buying one of these top-quality Bromford homes.</p> <p>"But don't just take my word for it. Come and see for yourself why so many other first-time buyers have said yes to Oaklands, yes to Bromford and yes to shared ownership."<br /> &nbsp;<br /> * £78,750 buys 45% of a three-bed with a full market value of £175,000. Your minimum deposit would be £3,938, assuming a 95% mortgage on the share you buy.</p> <p>To find out more, call us now on <strong>0845 60 10 878</strong> or check out the online details in our <a href="/{localLink:1182}" target="_blank" title="Find a home">Find A Home</a> section and <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep an eye on latest updates by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and Facebook.</p> /news/news/2014/november/oaklands-new-demo-home/ http://www.bromfordhomes.co.uk/news/news/2014/november/oaklands-new-demo-home/ 30 November 2014 Holmwood open house <p>LOOKING for an affordable first home in Coventry? Then join us this weekend for our open house launch at <a href="/{localLink:3989}" target="_blank" title="Holmwood, Coventry">Holmwood</a> off Lythalls Lane.</p> <p>We're rolling out the welcome mat at our new three-bed view home so that first-time buyers can see the family-friendly layout, unbeatable build quality and long list of features that come as standard − and all for as little as £67,500* through <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>That's enough to buy a typical 45% share of a three-bed <a href="/{localLink:4177}" target="_blank" title="The Longford">Longford</a> (pictured below) through our low-cost part-buy, part-rent scheme aimed at first-time buyers who are priced out of the open market.</p> <p><img width="598" height="450" src="/media/450397/the-longford_598x450.jpg" alt="Longford"/></p> <p>Bromford Homes Head of Sales Alan Bradley urges local homehunters to grab this low-cost opportunity to get on the property ladder&nbsp;− with a minimum three-bed deposit that could as little as £3,375* and a monthly cost that will probably be less than renting a similar home from a private landlord.</p> <p>Alan's advice to Coventry buyers? "Don't miss this unique opportunity to make your property dream come true. We've got just three of these low-cost family homes at Holmwood&nbsp;− and a single two-bed home now that the first four have been snapped up," says Alan.</p> <p>"With our great prices, great build quality and long list of features that come as standard&nbsp;− including carpets throughout&nbsp;− you really can't buy better than a Bromford home at Holmwood. My advice is to join us this weekend so that you can see for yourselves and find out how little it can cost you."</p> <p><img width="597" height="420" src="/media/449630/longford-floor-plans_597x420.jpg" alt="Floor plan Longford"/><br /> <br /> Our Holmwood view home&nbsp;− less than 10 minutes drive from the city centre and just five minutes from junction 3 of the M6&nbsp;− will be open on Saturday (Nov 29) and Sunday from 11am to 4pm.</p> <p>To find out more, call us on <strong>0845 60 10 878</strong> &nbsp;or our selling agents, Your Move, on <strong>02476 552255</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and Facebook.<br /> <br /> * £67,500 buys a typical 45% share of a three-bed Longford with a full market value of £150,000. Your minimum deposit would be £3,375, assuming a 95% mortgage on the share you buy, and you pay low rent on the remaining share.<br /> <br /> ** A minimum 45% share of the last two-bed Edgwick (below) costs £56,250 and your minimum deposit would be just £2,813. The full market value of the home is £125,000.</p> <p><img width="597" height="450" src="/media/450392/the-edgwick_597x450.jpg" alt="Edgwick"/></p> /news/news/2014/november/holmwood-open-house/ http://www.bromfordhomes.co.uk/news/news/2014/november/holmwood-open-house/ 27 November 2014 Few left at Meriden <p>FIRST-TIME buyers are snapping up a rare chance to make their home ownership dreams come true in the historic village of Meriden for a fraction of what it would cost on the open market.</p> <p>Would-be homeowners can buy a two-bed Belford house at <a href="/{localLink:4122}" target="_blank" title="Mulberry Gardens. Meriden">Mulberry Gardens</a>&nbsp;− not far from the heart of this sought-after village midway between Coventry and Solihull&nbsp;− for as little as £94,500* through low-cost <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>. Or families can buy a typical 45% share of a three-bed Rosedale from just £114,750**.</p> <p>With typical prices&nbsp;− and deposits&nbsp;− less than half what it would cost for an open-market purchase, affordable housing specialist Bromford Homes predicts strong demand from eager first-time buyers who are priced out of the traditional property market.</p> <p>Two of the five available homes have already been reserved and the remaining three are sure to be snapped up soon, so Bromford Area Sales Consultant Kirsty Darby urges interested buyers to come and view the development as soon as possible&nbsp;− or miss out on this great opportunity.</p> <p><img width="599" height="333" src="/media/473752/meriden-4_599x333.jpg" alt="Meriden 4"/></p> <p>"Meriden is a very desirable place to live and this is reflected in the asking prices for all kinds of local houses and apartments. As a result, most first-time buyers on ordinary incomes are quite simply priced out," says Kirsty.</p> <p>"Shared ownership offers such buyers an affordable way of making their home ownership dream come true. It's ideal for nurses, firefighters and other ordinary working people. You don't have to be a key worker to qualify&nbsp;− and you can have a total of household income of up to £60,000.</p> <p>"With shared ownership, you commit to a relatively small mortgage and therefore have to find a much smaller deposit. It's a truly affordable alternative to private renting or living at home with your folks."</p> <p><img width="600" height="250" src="/media/499506/mulberry-belford-960x400_600x250.jpg" alt="Mulberry Belford 9670x400"/>&nbsp;</p> <p>A typical deposit for a two-bed Belford (pictured above) at Mulberry Gardens can be as little as £4,725* if buying a typical 45% share and, in the case of a three-bed Rosedale (below), just £5,738**.</p> <p>The attractive, high-quality development off Leys Lane includes a total of five shared ownership houses&nbsp;− three 2-beds and two 3-beds A stylish kitchen with stainless steel oven, hob and extractor, french windows leading to the garden and off-road parking all come as standard, together with gas-fired boiler, high-quality double glazing and other energy-saving features that help to reduce gas and electricity bills.</p> <p>Builders have already finished the first few homes and the rest will be handed over early in the new year.</p> <p><img width="600" height="250" src="/media/499511/mulberry-rosedale-960x400_600x250.jpg" alt="Mulberry Rosedale 960x400"/></p> <p>* £94,500 buys a 45% share of a two-bed <a href="/{localLink:4214}" target="_blank" title="The Belford">Belford</a> with a full market value of £210,000. A minimum deposit of £4,725 assumes a 95% mortgage on that share, with low rent payable on the share you don't buy.</p> <p>** £114,750 buys 45% of a three-bed <a href="/{localLink:4215}" target="_blank" title="The Rosedale">Rosedale</a> with a full market value of £255,000 and a minimum deposit of £5,738 assumes a 95% mortgage on the share you buy.</p> <p>To find out more about <a href="/{localLink:4122}" target="_blank" title="Mulberry Gardens. Meriden">Mulberry Gardens</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, call us now on <strong>0845 60 10 878</strong> or check out the online details in our <a href="/{localLink:1182}" target="_blank" title="Find a home">Find A Home</a> section and <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep an eye on latest updates by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and Facebook.</p> /news/news/2014/november/few-left-at-meriden/ http://www.bromfordhomes.co.uk/news/news/2014/november/few-left-at-meriden/ 24 November 2014 Hope for young workers with property dream <h4>Shared ownership expert ALAN BRADLEY highlights part-buy case studies as real-life inspiration for young workers</h4> <p><img width="599" height="318" src="/media/494911/alanbradley-640x340_599x318.jpg" alt="Alan Bradley 640x340"/></p> <p>YOUNG workers&nbsp;− and their dreams of home ownership&nbsp;− are taking the hardest hit as the housing affordability gap widens.</p> <p>The worsening plight of the typical 18 to 35-year-old is brought into sharp focus by two lobby groups who highlight the spiralling cost of private renting.</p> <p>Fifty-three per cent of private renters already spend more than a third of their monthly income to their landlord, says one report, and the problem is going to get worse. Much worse.</p> <p>In fact, private rents are forecast to go up by around 90% in real terms by 2040, according to another set of research. That's more than twice as fast as incomes&nbsp;− and the extra pressure on personal finances will cause terrible hardship for many households.</p> <p><img width="600" height="318" src="/media/77551/moving_home_-_how_much_does_it_cost_640_x_340_600x318.jpg" alt="Moving home: How much does it cost 640 x 340"/><br /> <br /> That's why lobby groups like <a href="http://www.generationrent.org/housing_costs_hitting_young_workers_the_hardest" target="_blank">Generation Rent</a>, the National Housing Federation and others keep renewing their pressure on the powers-that-be to have a rethink and start building more low-cost homes.</p> <p>We support that call and believe that shared ownership has a powerful part to play in helping young workers on typical incomes to make their property dreams come true at a truly affordable price.<br /> <br /> It's ideal for nurses like our Aspenwood homebuyer <a href="/news/news/2014/september/aspenwood-first-time-buyer-deborah/" target="_blank">Deborah Collins</a> in Solihull, firefighters and other ordinary working people like Coventry's Matt and Clare (pictured below), who agreed to tell their story in our special <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership video</a>.</p> <p><img width="599" height="318" src="/media/348089/larks-rise-case-study-couple-1-640x340_599x318.jpg" alt="Larks Rise Matt and Clare 640x340"/><br /> <br /> You don't have to be a key worker to qualify for shared ownership&nbsp;− and you can have a total of household income of up to £60,000.</p> <p>Our houses and apartments are built to the same high quality as the open-market homes that are typically being built alongside them, and they come with all the mod cons, other features and contemporary room layouts that people expect these days.</p> <p>The big difference is the cost. With shared ownership, you commit to a relatively small mortgage and therefore have to find a much smaller deposit&nbsp;− somewhere between £3,000 and £5,000 for most of our first-time buyers across central England.</p> <p>It's a truly affordable alternative to private renting or living at home with your family or friends&nbsp;− and you don't just have to take my word for it. Just see what our young homebuyers have to say about how shared ownership's low deposits and affordable monthly costs have changed their lives.</p> <p><img width="599" height="333" src="/media/417913/smv-thomast-case-study-lounge_599x333.jpg" alt="Thomas Turner in lounge"/><br /> <br /> We've collected half a dozen <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">case studies</a> for you to consider and all but one of the buyers are workers in their 20s like Tom (above) from Cirencester who've made the switch from living with Mum and Dad or renting from a private landlord.</p> <p>If you're encouraged by what they have to say and want to know more about shared ownership, please give us a call on <strong>0845 60 10 878</strong> and we'll be happy to tell you more and answer any questions you may have.</p> /news/blogs/2014/november/hope-for-young-workers-with-property-dream/ http://www.bromfordhomes.co.uk/news/blogs/2014/november/hope-for-young-workers-with-property-dream/ 21 November 2014 Smells like home... <p>WHAT are the essential smells that make a house feel like a home? Well, property pundits are long-time fans of the freshly-brewed coffee aroma&nbsp;− and so it comes as no surprise to learn that this distinctive whiff features near the top of a new housebuilder poll.</p> <p>Top of the list? It's that ultra-traditional "roast dinner" smell, with fresh coffee in second place and the waft of warm biscuits in third. Pesto pasta rates fourth, according to the Independent story, and a full English breakfast fifth.</p> <p>The top-five rankings highlight the importance of the kitchen for most householders, according to Bromford Homes Head of Sales Alan Bradley.</p> <p>"The kitchen is widely regarded as the heart of a happy home so I'm not surprised that comforting, familiar food smells dominate this poll," says Alan.<br /> <br /> "These preferences reflect what the vast majority of our homebuyers tell us. A smart, modern kitchen with all mod cons is a high priority - and that's what they get with every new Bromford home.<br /> <img width="599" height="318" src="/media/489838/changingrooms4_599x318.jpg" alt="ChangingRooms4"/><br /> <br /> "Some layouts offer buyers a spacious kitchen-diner. This is a popular choice for young families and it's easy to see why if you look at an example like our three-bed homes at <a href="/{localLink:4122}" target="_blank" title="Mulberry Gardens. Meriden">Mulberry Gardens</a>, Meriden."</p> <p>The <a href="/{localLink:4215}" target="_blank" title="The Rosedale">Rosedale</a> kitchen-diner (pictured below) has plenty of room for a breakfast/dining table, with an L-shaped range of stylish kitchen units at the front of the house and a door leading into the garden at the back.<br /> <br /> <img width="600" height="424" src="/media/456231/rosedale-floor-plans_600x424.jpg" alt="Rosedale floor plan"/><br /> <br /> A downstairs cloakroom and stairway separate the kitchen-diner from a spacious living room with bay window at the front and french windows leading into the garden. "Walk into a home like this, with its modern, family-friendly room layouts, and it's easy to imagine how life would be," says Alan.<br /> <br /> "You could be sitting down to breakfast together in the kitchen-diner, cooking a meal while the kids do their homework behind you, or entertaining friends on a fine summer evening with the garden door open. You can almost smell the roast chicken coming out of the oven or perhaps the waft of freshly percolated coffee. It's the everyday sights, sounds and aromas like this that help to turn a house into a home."<br /> <br /> To find out more about our shared ownership developments and organise a viewing, call <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and Facebook.</p> /news/news/2014/november/smells-like-home/ http://www.bromfordhomes.co.uk/news/news/2014/november/smells-like-home/ 14 November 2014 Last few left at Knowle <p>FIRST-TIME buyers are saying a huge YES to affordable home ownership at <a href="/{localLink:4319}" target="_blank" title="Arden Fields, Knowle">Arden Fields</a>&nbsp;− close to the heart of historic Knowle.</p> <p>They've reserved all seven of the available two and three-bed village homes since shared ownership prices were confirmed barely a month ago. That leaves just two one-bed apartments up for grabs&nbsp;− and they could be yours for as little as £72,000* through our popular part-buy, part-rent deal.</p> <p>Bromford Homes Head of Sales Alan Bradley urges other would-be homebuyers to be quick or miss out on this low-cost chance to get onto the Knowle property ladder.</p> <p><img width="600" height="455" src="/media/470198/capture-1_600x455.jpg" alt="The Rydal"/></p> <p>"We thought that local first-time buyers would grab this truly affordable opportunity to make their homebuying dreams come true&nbsp;− and we were right," says Alan.</p> <p>"The numbers say it all. Seven homes reserved in a matter of weeks and I'm sure it won't be long before the last few homes are snapped up too.</p> <p>"Knowle is a very desirable place to live and this is reflected in the asking prices for all kinds of local houses and apartments. As a result, most first-time buyers on ordinary incomes are quite simply priced out.</p> <p><img width="599" height="333" src="/media/473702/knowle-1_599x333.jpg" alt="Knowle 1"/><br /> <br /> "Our houses and apartments are built to the same high quality as the open-market homes that Miller is building alongside them, and they come with all the mod cons, other features and contemporary room layouts that people want these days.</p> <p>"The big difference is the cost. With shared ownership, you commit to a relatively small mortgage and therefore have to find a much smaller deposit. It's a truly affordable alternative to private renting or living at home with your family."</p> <p>The first homes are likely to be finished by mid December&nbsp;− and it's possible that the first shared ownership buyers will be moving in before Christmas. Our part-buy prices start from just £72,000* for a typical 45% share of a one-bed apartment at <a href="/{localLink:4332}" target="_blank" title="Arden House">Arden House</a> and just £126,000** for a family-sized three-bed. A typical deposit for the apartment is just £3,600*.</p> <p><img width="600" height="318" src="/media/77461/first-time_buyer_guide_640_x_340_600x318.jpg" alt="First-time buyer guide 640 x 340"/><br /> <br /> "We're delighted with the enthusiastic reaction to Arden Fields and look forward to handing over the first set of house keys in time for buyers to celebrate the festive season in their great new homes," says Alan.</p> <p>"Looking ahead to the new year, the good news for any buyers who've missed out on this first wave of affordable homes is the fact that we've got four more three-beds due for completion in the early summer. If you're interested, my advice would be to call us now and find out how you can qualify because when they're gone, they're gone."<br /> <br /> * £72,000 buys a 45% share of a one-bed apartment with a full market value of £160,000. A minimum deposit of £3,600 assumes a 95% mortgage on that share, with low rent payable on the share you don't buy.<br /> ** £126,000 buys 45% of a three-bed house with a full market value of £280,000. A minimum deposit would be £6,300, assuming a 95% mortgage on the share you buy.</p> /news/news/2014/november/last-few-left-at-knowle/ http://www.bromfordhomes.co.uk/news/news/2014/november/last-few-left-at-knowle/ 12 November 2014 New wave of homes <p>WE'RE launching more <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> developments to help meet the strong demand from first-time buyers who are priced out of the open market.</p> <p>These latest additions to our homefinder search list will boost the number of affordable homes on offer by around 20 in total. That includes:<br /> <br /> SIX two-bed homes at <a href="/{localLink:4424}" target="_blank" title="Beaumont Meadow">Beaumont Meadow</a>, Warwick, and<br /> SIX three-beds at <a href="/{localLink:4472}" target="_blank" title="The Acorns, Solihull">The Acorns</a>, Shirley, Solihull.<br /> <br /> Prices will be confirmed in the coming weeks but it's not too soon to <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> if you want to stake a claim on one of these low-deposit opportunities to make your homebuyer dream come true.</p> <p><img width="599" height="318" src="/media/77451/how_we_can_help_640_x_340_599x318.jpg" alt="How we can help image 640 x 340"/></p> <p>Bromford Homes Head of Sales Alan Bradley says: "We've just reported a successful start to the year with <a href="/{localLink:4463}" target="_blank" title="Half-year sales result">66 shared ownership sales</a> in the first six months - and there's no sign of let-up in demand from first-time buyers who are looking for an affordable first step onto the property ladder.</p> <p>"That's why we're confident that homehunters in Warwickshire, Solihull and other parts of central England will welcome this latest wave of high-quality, low-cost new homes - all of them in great locations.</p> <p>"Each week brings another set of statistics that highlight the true affordability of our shared ownership homes for cash-strapped homehunters who are frustrated by rising property prices. The average price paid by first-time buyers now stands at an eye-watering £209,000. Compare that with the average price paid by a Bromford shared ownership customer − most of them first-time buyers. It's just £83,131, or less than 40% of the national figure."</p> <p><img width="600" height="318" src="/media/77461/first-time_buyer_guide_640_x_340_600x318.jpg" alt="First-time buyer guide 640 x 340"/></p> <p>Then compare the latest statistics for typical first-time buyer deposits, says Alan. The overall average, according to a <a href="/{localLink:4411}" target="_blank" title="Affordability more important than ever">survey</a> by the National Housing Federation, is a whopping £30,000 or roughly the same as a year's pre-tax wages for a typical nurse, firefighter or plumber.</p> <p>The average deposit for a Bromford shared ownership buyer? It varies quite a lot because some of our homes are built in high-price property areas like Solihull but, for most of our buyers across central England, the minimum figure is usually somewhere between £3,000 and £5,000.</p> <p>"Builders have already made a good start at all of these new developments and we'll confirm the prices for each house type as soon as we can," says Alan. "In the meantime, my advice to buyers who want a great home in a great location at a great price is to call us now on <strong>0845 60 10 878</strong> and ask for more details or check out the online details in our <a href="/{localLink:1182}" target="_blank" title="Find a home">Find A Home</a> section and <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You really don't want to miss out."</p> <p>You can also keep an eye on latest updates by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and Facebook.</p> /news/news/2014/november/new-wave-of-homes/ http://www.bromfordhomes.co.uk/news/news/2014/november/new-wave-of-homes/ 06 November 2014 Operation Ho-Ho-Homes <p>RESERVE one of our new <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes and you could be moving in by Christmas. That's the message to first-time buyers from our Head of Sales, Alan Bradley, as he and his team gear up for another Operation Ho-Ho-Homes.</p> <p>Our mission: to help another 20-plus singletons, couples and families to move in, unpack and put up the festive decorations between now and the start of the Christmas holiday.</p> <p>The last December homebuyers will collect their keys on or before Monday December 22&nbsp;− and that gives Alan and his team of hard-working Operation Ho-Ho-Homes helpers less than seven weeks to work their magic.</p> <p>"Like Santa's elves, we're all going to work very hard during the countdown to Christmas in an effort to make sure that all the scheduled November and December completions go to schedule," says Alan (pictured below).</p> <p><img width="600" height="250" src="/media/481444/alan-bradley-960x400_600x250.jpg" alt="Alan Bradley 960x400"/><br /> <br /> "Each member of our sales and marketing team will do his or her bit to make sure that all the paperwork is sorted in time for each final completion. It's only then, of course, that you can cross the thresh-hold of your new Bromford home and see your property dream come true. It's a truly magical moment&nbsp;− and that's even truer, of course, at this very special time of the year."</p> <p>Most buyers who complete between now and the end of December will have already reserved their homes. But it's possible that buyers who come forward now and reserve available homes at <a href="/{localLink:1182}" target="_blank" title="Find a home">various shared ownership sites</a> across central England could also hit the December 22 moving-in deadline.</p> <p><img width="599" height="318" src="/media/77556/customer_service_640_x_340_599x318.jpg" alt="Customer service 640 x 340"/></p> <p>"We don't want to build up false hope but if it's development where the home is ready and the buyer can complete all the paperwork for a successful shared ownership application and mortgage without delay then, yes, they could be moving in before Christmas," says Alan.<br /> <br /> "If that sounds like you and you have a particular development in mind, then I recommend that you give us a call and we'll do all we can to help your home ownership dream come true."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and Bromford developments across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on Twitter and Facebook.</p> /news/news/2014/november/operation-ho-ho-homes/ http://www.bromfordhomes.co.uk/news/news/2014/november/operation-ho-ho-homes/ 04 November 2014 Granny flats to teen bedsits <p>STAY-AT-HOME young adults are forcing many mums and dads to rethink their major spending plans&nbsp;− and extend the family home.</p> <p>The rising trend in multi-generational households&nbsp;− with self-contained teen pads replacing the more traditional granny flat or annexe&nbsp;− is highlighted in a new study by The Federation of Master Builders.</p> <p>Faced with teenagers and 20-somethings who can't afford a home of their home, a growing number of parents are dipping into their savings or taking out loans to create an ensuite bedsit in the loft or to add an extension.</p> <p>The federation study reinforces the findings of a <a href="/{localLink:4317}" target="_blank" title="Young buyers squeezed out">National Housing Federation survey</a> revealing that two-thirds of parents fear their sons and daughters won't be able to buy a home of their own without cash support from their families.</p> <p><img width="600" height="250" src="/media/342573/so-parents-and-daughter-960x400_600x250.jpg" alt="SO parents and daughter"/></p> <p>The problem is so serious that the housing lobby group calls it a "ticking timebomb" for children and parents alike&nbsp;− and warns that by 2020 a staggering 3.7 million young people will be forced to keep living with their parents.</p> <p>Bromford Homes shared ownership expert Alan Bradley says: "This latest survey gives us another insight into a problem that many families now face together. We hear this time and time again from young first-time buyers&nbsp;− rising property values are pricing them out of the places where they want to live.</p> <p>"Some parents are clearly responding by extending the family home at considerable expense so that the different generations have some personal space while young homebuyers save up for a deposit&nbsp;− something that we know can take well over 10 years if you're buying on the open market."</p> <p><img width="599" height="318" src="/media/77940/ways_to_buy_640_x_340_599x318.jpg" alt="Ways to buy 640 x 340"/><br /> <br /> Alan's concludes with this message to young homehunters&nbsp;− and their parents: "Don't forget about shared ownership when you're sitting down and talking things through. It's a truly affordable way of getting onto the property ladder&nbsp;− especially in high-price places like Solihull or Cirencester. Purchase prices and deposits are typically less than half what it costs to buy a similar home on the open market − and the monthly costs are usually <a href="/{localLink:4260}" title="Part-buy vs private rented">cheaper than renting</a> from a private landlord."</p> <p>To find out more about shared ownership and developments near YOU, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online. You can also keep in touch by following on Twitter or Facebook.</p> /news/news/2014/october/granny-flats-to-teen-bedsits/ http://www.bromfordhomes.co.uk/news/news/2014/october/granny-flats-to-teen-bedsits/ 24 October 2014 Second thoughts for homebuyers <h4>Shared ownership expert ALAN BRADLEY offers timely advice as surveys highlight some superfast decisions by buyers and renters</h4> <p><img width="599" height="318" src="/media/494911/alanbradley-640x340_599x318.jpg" alt="Alan Bradley 640x340"/></p> <p>HOMEHUNTING this weekend? It's an exciting time&nbsp;− and the stakes are high since buying a home is likely to be the biggest investment you'll ever make.</p> <p>So you will probably be surprised to know that, according to at least one new survey, homebuyers spend an average of just over 25 minutes on viewing a house or apartment before deciding to make an offer.</p> <p>And it's not just buyers. Renters are equally quick off the mark, it seems. Half of would-be tenants will agree to a lease after less than 20 minutes of viewing, according to another <a href="http://www.independent.co.uk/property/homehunters-choose-their-next-home-in-under-half-an-hour-9793730.html" target="_blank">survey</a> highlighted by the same national newspaper, and an amazing 14% will sign up without even seeing the property.</p> <p>Wow. That's less, we're told, than the 31 minutes that buyers spend on looking over a car before putting down a deposit − and only slightly more than the typical 18 minutes spent on checking out a pair of jeans!</p> <p><img width="599" height="318" src="/media/78010/deposit_paid_640_x_340_599x318.jpg" alt="Deposit paid 640 x 340"/></p> <p>Those statistics probably say something about today's housing market and the pressure on everyone who is looking for a home at a time when prices keep going up and many ordinary people are feeling the effects of a long-term pay squeeze.</p> <p>Despite these much-reported problems, the desire to own a home you can call your own remains as strong as ever. Survey after survey says as much and so do the hundreds of average earners who come to us looking for an affordable route onto the property ladder because they're priced out of the open market.</p> <p>We love to see you at our showhomes, special open days and one-to-one visits organised with our expert sales consultants&nbsp;− and to help you, wherever possible, to make your dream of home ownership come true.</p> <p>Showing you a lovely new house or apartment in the place where you want to live is the easy part, although watching some of you fall in love with what will become your new home is surely one of the best bits of our job.</p> <p><img width="600" height="318" src="/media/77461/first-time_buyer_guide_640_x_340_600x318.jpg" alt="First-time buyer guide 640 x 340"/></p> <p>As part of the conversation, we'll highlight the people-friendly room layouts, stylish kitchens and many energy-saving features in every new home we sell&nbsp;− features like great insulation and fuel-efficient boilers that will save you a small fortune in the long run.</p> <p>Affordability is a key factor for all of our buyers, of course, and that's why we spend time talking through how the part-buy, part-rent deal works and how the share you can buy reflects what you can afford. And we explain how, when you're ready at some time in the future, you can increase the share you own.</p> <p>It's a lot of information to take in and that's why it's often a good idea to go away, think about it and come back again if you want to. We encourage all of you to do your own research, to ask questions&nbsp;− lots of questions&nbsp;− and to take a sensible amount of time when it comes to what, for many of you, will be a life-changer as well as a really major investment.</p> <p>We want you, the buyer, to be 100% happy and confident in your decision&nbsp;− and to be equally happy and confident living in your new Bromford home. So come and talk to us this weekend or another time that suits you and start the conversation now.</p> <p><img width="599" height="318" src="/media/77451/how_we_can_help_640_x_340_599x318.jpg" alt="How we can help image 640 x 340"/></p> /news/blogs/2014/october/second-thoughts-for-homebuyers/ http://www.bromfordhomes.co.uk/news/blogs/2014/october/second-thoughts-for-homebuyers/ 17 October 2014 Quartet last one left <p>WE'VE got another hit on our hands with our low-deposit <a href="/{localLink:4109}" target="_blank" title="Quartet">Quartet</a> starter homes at Whitchurch.</p> <p>All but one of four <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> houses are now reserved by homebuyers who are otherwise priced out of the market in this attractive Shropshire market town.</p> <p>This last semi-detached two-bed is waiting to be snapped up for as little as £59,625*&nbsp;and a minimum deposit that could be as little as £2,982*.</p> <p><img width="598" height="456" src="/media/445093/liverpool-road_598x456.jpg" alt="CGI"/>&nbsp;</p> <p>With building work almost finished at Liverpool Road (pictured above) and the first buyers hoping to move in this month, Bromford Homes Head of Sales Alan Bradley urges other would-be homebuyers to be quick or miss out.</p> <p>"These Quartet homes are really hitting the right note with first-time buyers in and around Whitchurch," says Alan.</p> <p>"They're great homes, in a great place and at a great price. In fact, they've got everything going for them&nbsp;− including the fact that they're all semi-detached rather than the usual terraced homes you might expect.</p> <p>"Build quality is top-notch because the work is being carried out by our own highly-respected in-house construction team&nbsp;− and the <a href="/{localLink:4111}" title="New homes for sale">list of standard features</a> includes fully-fitted kitchen with oven, hob and extractor fan, master bedroom with fitted wardrobes and downstairs cloakroom.</p> <p><img width="600" height="424" src="/media/450226/caldecott-floor-plans_600x424.jpg" alt="Caldecott Layout"/></p> <p>"<a href="/{localLink:4109}" title="Quartet, Whitchurch">Quartet</a> offers a great location for anyone who lives and works in the Whitchurch area and it's convenient for anyone who commutes to Crewe, Telford, Wrexham&nbsp;− even Manchester, thanks to the local railway links.</p> <p>"Last, but not least, the price is truly affordable thanks to shared ownership's unique part-buy, part-rent formula. That means the purchase price&nbsp;− and the deposit&nbsp;− are much lower than if you were buying a similar home on the open market."</p> <p>To find out more about <a href="/{localLink:4109}" title="Quartet, Whitchurch">Quartet</a> and <a href="/ways-to-buy/shared-ownership/">shared ownership</a> call 0845 60 10 878 or <a href="/contour-forms/register-for-updates/">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes">Facebook</a>.</p> <p>* £59,625 buys a typical 45% share of a two-bed home with a full market value of £132,500. A minimum deposit on that share would £2,982, assuming a 95% mortgage.</p> <p><em>This is an updated version of a story that was published on September 26.</em></p> /news/news/2014/october/quartet-last-one-left/ http://www.bromfordhomes.co.uk/news/news/2014/october/quartet-last-one-left/ 15 October 2014 Foxlow open day success <p>FIRST-TIME buyers turned out in strength for our Aylesbury open house on Saturday&nbsp;− and gave our affordable homes a resounding thumbs-up.</p> <p>Our <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> sales experts welcomed almost 20 homehunters into the <a href="/{localLink:3977}" target="_blank" title="Foxlow Grange, Aylesbury">Foxlow Grange</a> three-bed demo home&nbsp;− and ended a hectic half-day of viewings with two more holding reservations.</p> <p>Buyer interest was so strong that more reservations are sure to follow, says Bromford Homes Area Sales Consultant Kirsty Darby. Her advice to other would-be buyers who want to snap up an affordable two-bed home (pictured below) for as little as £78,000* and a deposit that could be just £3,900?</p> <p><img width="600" height="447" src="/media/446837/foxlow-1_600x447.jpg" alt="The Hartwell"/></p> <p>"Be quick or you could miss out on one of these super homes and a chance to get on the Aylesbury property ladder at a price you can really afford," says Kirsty.</p> <p>"Aylesbury is a thriving market town on the outer edge of the London commuter belt&nbsp;− and that's reflected in local property prices. Sadly, that means many local first-time buyers are priced out of the open market.</p> <p>"Shared ownership's low deposits and low purchase prices offers these buyers a chance to make their home ownership dream come true at a price they can afford&nbsp;− and that message came through loud and clear on Saturday. Buyer after buyer told us that open-market prices were simply out of their reach. They loved our homes&nbsp;− everything from the great build-quality to the family-friendly layout and range of features&nbsp;− and they loved the prices."</p> <p><img width="597" height="450" src="/media/446832/foxlow-2_597x450.jpg" alt="The Bishopstone"/>&nbsp;&nbsp;</p> <p>We've got just FOUR two-bed houses coming soon as well as THREE three-bed Bishopstones (pictured above) which are available now for as little as £96,000** through our popular part-buy, part-rent deal and a minimum deposit of just £4,800.</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> at <a href="/{localLink:3977}" target="_blank" title="Foxlow Grange, Aylesbury">Foxlow Grange</a> or to arrange a viewing, call our Aylesbury agents Connells on <strong>01296 395111</strong>. Or call us on <strong>0845 60 10 878</strong>. You can also register <a href="/contour-forms/register-for-updates/">for updates</a> or keep in touch by following us on <a href="https://twitter.com/BromfordHomes">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes">Facebook</a>.</p> <p>* £78,000 buys a typical 40% share of a two-bed Hartwell with a full market value of £195,000 and a minimum deposit of just £3,900 assumes a 95% mortgage on the share you buy. You pay low rent on the remaining share.</p> <p>** £96,000 buys a typical 40% share of a three-bed Bishopstone with a full market value of £240,000 and a minimum deposit of just £4,800 assumes a 95% mortgage on the share you buy.</p> /news/news/2014/october/foxlow-open-day-success/ http://www.bromfordhomes.co.uk/news/news/2014/october/foxlow-open-day-success/ 13 October 2014 Changing rooms, changing lives <p>DID your childhood home have a pantry or larder? How about a dining room or utility room? Open fireplace or bookshelves?</p> <p>All familiar features in older homes but many of them are now missing from contemporary layouts, according to homeowners who replied to the Britain at Home survey.</p> <p>Today's householders are much more likely to make space for modern essentials like the home office&nbsp;− 28% of those surveyed for Lloyds Bank Insurance say they now have one&nbsp;− or a flat-screen TV (86%) that's ideal for Xbox or PlayStation gaming as well as watching the latest blockbuster movie or talent show.</p> <p>More than half say they had an open fireplace in their childhood home&nbsp;− but not in their current home&nbsp;− and 48% had a pantry. Other features lost since growing up are a living room display cabinet (31%) and bookshelves (13%).</p> <p><img width="600" height="250" src="/media/378016/joint-buyers-gaming_600x250.jpg" alt="Joint buyers gaming"/></p> <p>The findings come as no surprise to Bromford Homes Head of Sales Alan Bradley. "They reflect the many social changes and technical innovations that have transformed the way we live our lives, what's important to us&nbsp;− and what is not," he says.</p> <p>"For instance, a living room-diner or kitchen-diner (pictured below) is usually at the heart of the typical Bromford home&nbsp;− and you will almost always find a downstairs cloakroom as well as the family bathroom upstairs.</p> <p><img width="600" height="250" src="/media/219149/farthings_friend_600x250.jpg" alt="Farthings Friend"/></p> <p>"Instead of the traditional fireplace, a large flat-screen TV is the focal point of most modern living rooms. But who's to say that will continue? Some people have already switched from their TV to streaming programmes on a laptop or iPad&nbsp;− and, of course, many householders use all of part of their second or third bedroom as a home office. Some even convert their understairs cupboard by slotting in a desk if it's big enough!</p> <p>"One thing is sure&nbsp;− these changes will continue. We are always talking to first-time buyers about the layout of our homes and what they regard as the must-have features. A lot of care and creative thinking goes into every new home with the aim of making sure that buyers can get on with their busy lives&nbsp;− now and in the future."</p> <p><img width="600" height="424" src="/media/456231/rosedale-floor-plans_600x424.jpg" alt="Rosedale floor plan"/></p> <p>Alan highlights our three-bed Rosedale at Mulberry Gardens, Meriden, as a fine example of contemporary layout (pictured above) that suits modern family living. The kitchen-diner has plenty of room for a breakfast/dining table, with an L-shaped range of stylish kitchen units at the front of the house and a door leading into the garden at the back.</p> <p>A downstairs cloakroom and stairway separate the kitchen-diner from a spacious living room with bay window at the front and french windows leading into the garden.</p> <p>"Walk into a home like this and it's easy to imagine how life would be," says Alan. "You could be sitting down to breakfast together, cooking a meal while the kids do their homework behind you, entertaining friends on a fine summer evening with the garden door open, or all of you relaxing in the living room with a movie or maybe a music game on the Xbox or PlayStation. The Rosedale (below) is a fine example of modern family-friendly room layout."</p> <p><img width="600" height="448" src="/media/455690/the-rosedale_600x448.jpg" alt="The Rosedale"/></p> <p>OUT&nbsp;− what else has gone the way of the pantry?</p> <ul> <li>VHS player and cassettes collection</li> <li>Living room display cabinet (to store the VHS tapes?)</li> <li>Twin-tub washing machine&nbsp;− popular in 1960s and early 70s</li> </ul> <p>IN&nbsp;− a few modern must-haves</p> <ul> <li>Wi-fi hub, laptop and games console</li> <li>Coffee machine</li> <li>Bread maker</li> </ul> <p>To find out more about Mulberry Gardens and our other shared ownership developments, call <strong>0845 60 10 878</strong>. You can also <a href="/contour-forms/register-for-updates/">register for updates</a> or keep in touch by following us on <a href="https://twitter.com/BromfordHomes">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes">Facebook</a>.</p> <p>&nbsp;</p> /news/news/2014/october/changing-rooms,-changing-lives/ http://www.bromfordhomes.co.uk/news/news/2014/october/changing-rooms,-changing-lives/ 08 October 2014 Aylesbury open day <p>WANT to know how you can get on the Aylesbury property ladder with our low-deposit, low-cost homes at <a href="/{localLink:3977}" target="_blank" title="Foxlow Grange, Aylesbury">Foxlow Grange</a>?</p> <p>Then come along to our special Saturday open house for first-time buyer families on October 11 between 11am and 3pm. We'll show you round our three-bed demo home and explain how <a href="/ways-to-buy/shared-ownership/">shared ownership</a> can make your property dream come true at a low price you really can afford.</p> <p>The secret? It's our popular part-buy, part-rent formula, which means you could be moving into a new three-bed Bishopstone house off Berryfields Lane, Aylesbury, for as little as £94,000 and a minimum deposit of just £4,700*.</p> <p><img width="597" height="450" src="/media/446832/foxlow-2_597x450.jpg" alt="The Bishopstone"/></p> <p>We've got just TWO of these great family houses (pictured above) still up for grabs - and FOUR two-beds coming soon for a shared ownership price of around £78,000 with a minimum deposit that could be just £3,900**.</p> <p>Bromford Homes Area Sales Consultant Kirsty Darby urges would-be homebuyers to check out the great build-quality, family-friendly layout and range of features&nbsp;− including spacious lounge-diner, downstairs cloakroom and stylish kitchen with fitted hob, oven and extractor&nbsp;− as well as the great prices.</p> <p>"Shared ownership's low deposits and low monthly costs&nbsp;− lower, on average, than it costs to rent from a private landlord&nbsp;− really do make the difference for anyone who wants a home they can call their own but is priced out of the open market," says Kirsty.</p> <p><img width="599" height="318" src="/media/77970/buy_outright_640_x_340_599x318.jpg" alt="Buy outright 640 x 340"/></p> <p>"Our buyers tell us time and time again that they would have been unable to get onto the property ladder any other way&nbsp;− especially in a sought-after place Aylesbury where property prices are high and average earnings relatively low.</p> <p>"If that sounds like you&nbsp;− and you want to find out how you too can make your homebuyer dream come true&nbsp;− then come and join us."
</p> <p>To find out more about Saturday's open house and how to buy at <a href="/{localLink:3977}" title="Foxlow Grange, Aylesbury">Foxlow Grange</a> call our Aylesbury agents Connells on <strong>01296 395111</strong>.</p> <p>You can also call <strong>0845 60 10 878</strong>, <a href="/contour-forms/register-for-updates/">register for updates</a> and keep in touch by following us on <a href="https://twitter.com/BromfordHomes">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes">Facebook</a>.</p> <p><img width="600" height="447" src="/media/446837/foxlow-1_600x447.jpg" alt="The Hartwell"/>&nbsp;</p> <p>* £94,000 buys a typical 40% share of a three-bed Bishopstone with a full market value of £235,000 and a minimum deposit of just £4,700 assumes a 95% mortgage on the share you buy. Two-bed prices are yet to be confirmed.</p> <p>** £78,000 buys a typical 40% share of a two-bed Hartwell (pictured above) with a full market value of £195,000 and a minimum deposit of just £3,900 assumes a 95% mortgage on the share you buy.</p> /news/news/2014/october/aylesbury-open-day/ http://www.bromfordhomes.co.uk/news/news/2014/october/aylesbury-open-day/ 06 October 2014 Paint and paper <p>OUR customers love to paint and paper the walls of their new Bromford homes. Some of you are so keen to make your mark on those bare magnolia walls that you've got the colour cards, paint pots and brushes out almost before you've unpacked the removal boxes.</p> <p>And that's just the start, according to a new study by Dulux Trade. One in three homeowners break out the colour cards again and redecorate at least once every two years, it seems, and many of you take the DIY option.</p> <p>If you've painted before, it's probably no big deal. But if you're a first-time buyer it could also be the first time you've ever picked up a paint roller or wallpaper brush.</p> <p><img width="600" height="318" src="/media/77491/moving_home_checklist_640_x_340_600x318.jpg" alt="Moving home checklist 640 x 340"/>&nbsp;</p> <p>If that sounds like you, don't worry because there's a wealth of helpful videos and other useful advice&nbsp;− ranging from tools you'll need for the job at hand to pointers on choosing the best paint colours&nbsp;− out there on YouTube and DIY websites.</p> <p>Bromford Homes Head of Sales Alan Bradley says: "Many homebuyers tell us that they really look forward to decorating their new place in the colours they like. For them, it's an important part of being able to turn a house into a home and, of course, they won't have had this freedom to express themselves if they've rented their previous home from a private landlord.</p> <p>"The general advice to all new homeowners is to wait a while before cracking open the paint pots. The builder will normally have painted all the walls with emulsion paint. Further coats of emulsion and oil-based paints or wallpaper can be used for later redecoration, once the walls have dried out and this normally takes nine to 12 months. But we understand that some of our customers are so eager to decorate that they decide not to wait."</p> <p><img width="600" height="250" src="/media/369669/larksrise-clare-matt-alt2-960x400_600x250.jpg" alt="LarksRise Matt&amp;Clare alt2"/></p> <p>The freedom to paint and paper was listed as a key plus point by shared ownership buyers like <a href="/{localLink:3538}" target="_blank" title="Larks Rise happy days">Clare McLaughlin</a> (pictured above with partner Matt) or <a href="/{localLink:3708}" target="_blank" title="Claraine SO case study">Claraine Walker</a>, a Moneymates Team Leader with Bromford&nbsp;− and one of our newest buyers, <a href="/{localLink:4450}" target="_blank" title="Aspenwood first-time buyer Deborah">Deborah Collins</a>, says she can't wait to get to grips with the paint pots.</p> <p>Her only problems are deciding on a colour scheme&nbsp;− and a guest list. "We only moved in at <a href="/{localLink:4081}" target="_blank" title="Aspenwood, Solihull">Aspenwood</a> a short time ago so we're still settling in&nbsp;− and I'm really busy juggling that with work and being a mum," says Deborah, a specialist in diabetes nursing. "My spare time so far is spent choosing paints and getting my house looking lovely so I can invite my friends round for dinner!"</p> <p>To find out more about shared ownership and developments near you call <strong>0845 60 10 878</strong> or r<a href="/contour-forms/register-for-updates/">egister your interest</a> online. You can also keep in touch by following on <a href="https://twitter.com/BromfordHomes">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes">Facebook</a></p> /news/news/2014/october/paint-and-paper/ http://www.bromfordhomes.co.uk/news/news/2014/october/paint-and-paper/ 03 October 2014 Half-year sales result <p>STRONG demand for affordable new homes has powered a target-topping half-year result for our <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> sales.</p> <p>We finished September with a total of 17 completed sales&nbsp;− one up on our month-end target of 16.</p> <p>That pushed up our half-year tally to 66 sales&nbsp;− also just ahead of target.</p> <p>At the same time, the average share for each new home sold has risen to 48.8%, with sales generating a total income of just over £5.5m for Bromford so far this year.</p> <p><img width="595" height="248" src="/media/481444/alan-bradley-960x400_595x248.jpg" alt="Alan Bradley 960x400"/></p> <p>The strong results are highlighted by Bromford Homes Head of Sales Alan Bradley (pictured above) as good news for first-time buyers across central England. "The numbers tell just part of the story&nbsp;− an important part, of course, because the profit from this income will be reinvested in building more affordable homes," says Alan.</p> <p>"But it's important that we also highlight the human part of the story because behind each of those 66 shared ownership sales is a singleton, couple or young family who've seen their home ownership dream come true at a price they can afford.</p> <p>"We're proud of the difference that shared ownership can make to the lives of customers like nurse Deborah Collins, who had all but given up hope of being able to quit <a href="/{localLink:4260}" target="_blank" title="Part-buy vs private rented">Generation Rent</a> and buy her own home in the neighbourhood where she and son Oscar had put down roots.</p> <p>"Until, that is, Deborah found out about our shared ownership homes at Aspenwood, Dickens Heath. She and 10-year-old Oscar now live in a lovely new three bed semi that's close to school, work and friends&nbsp;− and, to use their own words, life is great."</p> <p><img width="599" height="363" src="/media/470208/capture-3_599x363.jpg" alt="Arden House"/></p> <p>Looking ahead, Alan is confident that first-time buyers across central England will keep saying a big YES to Bromford and to shared ownership through the second half of 2014-15 and beyond.</p> <p>"We've got more than 20 active shared ownership developments at the moment, with some exciting launches at places like <a href="/{localLink:4319}" target="_blank" title="Arden Fields">Arden Fields</a> (pictured above) in Knowle, <a href="/{localLink:4122}" target="_blank" title="Mulberry Gardens">Mulberry Gardens</a> in Meriden&nbsp;− both near Solihull&nbsp;− and <a href="/{localLink:4358}" target="_blank" title="Buckby Meadows">Buckby Meadows</a> in Long Buckby, not far from Northampton," says Alan.</p> <p>"There are more developments in the pipeline and we hope to end the year with around 140 shared ownership sales in total."</p> <p><img width="600" height="250" src="/media/485858/buckbymeadowssign-960x400_600x250.jpg" alt="Buckby Meadows sign 960x400"/></p> <p>To find out more about shared ownership and developments near you call <strong>0845 60 10 878</strong> or r<a href="/contour-forms/register-for-updates/">egister your interest</a> online. You can also keep in touch by following on <a href="https://twitter.com/BromfordHomes">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes">Facebook</a></p> /news/news/2014/october/half-year-sales-result/ http://www.bromfordhomes.co.uk/news/news/2014/october/half-year-sales-result/ 02 October 2014 Moving home costs <p>MOVING home? Well, our Head of Sales, Alan Bradley, encourages you&nbsp;− and all first-time buyers&nbsp;− to look at the bigger picture when it comes to counting costs.</p> <p>His reminder to homebuyers follows the publication of a new study that suggests three out of four of you underestimate how much you'll end up spending on the Big Move.</p> <p>It's not the mortgage deposit, the regular monthly payments or even the solicitor's bill that tend to throw out the sums. No, it's unplanned outlays such as breaking contracts with broadband providers at your former address that can push you into the red, according to a quarter of movers quizzed by one of the leading online estate agents.</p> <p><img width="599" height="318" src="/media/151321/where_you_want_to_be_599x318.jpg" alt="Where you want to be"/></p> <p>Even more people&nbsp;− around a third&nbsp;− say it's the cost of decorating and, in the case of older property, household repairs that pushed them over their budget. Cleaning bills (16%) for former rented homes and even takeaway meals (11%) through the moving period were also cited as major unexpected costs.</p> <p>It all adds up to unwanted stress at what should be a happy time, says Bromford Homes shared ownership expert Alan, and that's why he advises you to spend time and trouble on your homemoving budget&nbsp;− like these customers working things out on their laptop (below).</p> <p><img width="600" height="318" src="/media/77551/moving_home_-_how_much_does_it_cost_640_x_340_600x318.jpg" alt="Moving home: How much does it cost 640 x 340"/></p> <p>"These findings highlight the need for homemovers to get organised. You've got to look at the bigger picture&nbsp;− and that means thinking about every potential cost when moving home," says Alan.</p> <p>"According to the survey, one in four households underestimate the cost of moving by £800 or more. That's a lot of extra money to find&nbsp;− and something you certainly don't want to be worrying about at what should be a really happy, exciting time for you and your family.</p> <p>"If you're buying your home, you'll have to go through a really detailed breakdown of your household spending with the mortgage lender. And, in the case of shared ownership, we work really closely with every buyer to make sure the deposit and total monthly cost is truly affordable.</p> <p><img width="600" height="250" src="/media/378021/joint-buyers-eat-pizza-960x400_600x250.jpg" alt="Joint buyers eat pizza"/></p> <p>"The surprises seem to come from other areas that movers may not think about such as getting out of broadband contracts and the cost of pizzas (above) and other takeaway meals while you're packing up and unpacking.</p> <p>"It pays, of course, to shop around for the best-value solicitor and removal firm&nbsp;− and my advice is to make sure that you have a contingency fund just in case."</p> <p>For useful tips and guidelines about moving and the overall cost of buying home, try the <a href="https://www.moneyadviceservice.org.uk/en/static/about-us" target="_blank">Money Advice Service</a>, a free and unbiased source of information set up by the government.</p> /news/news/2014/october/moving-home-costs/ http://www.bromfordhomes.co.uk/news/news/2014/october/moving-home-costs/ 01 October 2014 Quartet half gone <p>OUR low-deposit <a href="/{localLink:4109}" target="_blank" title="Quartet">Quartet</a> starter homes are really hitting the right note with first-time buyers in and around Whitchurch.</p> <p>Two of our four <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> houses are now reserved by homebuyers who are otherwise priced out of the market in this attractive Shropshire market town.</p> <p>That means just two more semi-detached two-beds (pictured below) are waiting to be snapped at prices that start from £59,625*&nbsp;and a minimum deposit that could be as little as £2,982*.</p> <p><img width="598" height="456" src="/media/445093/liverpool-road_598x456.jpg" alt="CGI"/>&nbsp;</p> <p>With building work almost finished at Liverpool Road and the first buyers hoping to move in next month, Bromford Homes Head of Sales Alan Bradley urges other would-be homebuyers to be quick or miss out.</p> <p>"There's no doubt that we've got another homebuyer hit on our hands with Quartet," says Alan.</p> <p>"They're great homes, in a great place and at a great price. In fact, they've got everything going for them&nbsp;− including the fact that they're all semi-detached rather than the usual terraced homes you might expect.</p> <p>"Build quality is top-notch because the work is being carried out by our own highly-respected in-house construction team&nbsp;− and the <a href="/{localLink:4111}" title="New homes for sale">list of standard features</a> includes fully-fitted kitchen with oven, hob and extractor fan, master bedroom with fitted wardrobes and downstairs cloakroom.</p> <p><img width="600" height="424" src="/media/450226/caldecott-floor-plans_600x424.jpg" alt="Caldecott Layout"/></p> <p>"<a href="/{localLink:4109}" title="Quartet, Whitchurch">Quartet</a> offers a great location for anyone who lives and works in the Whitchurch area and it's convenient for anyone who commutes to Crewe, Telford, Wrexham&nbsp;− even Manchester, thanks to the local railway links.</p> <p>"Last, but not least, the price is truly affordable thanks to shared ownership's unique part-buy, part-rent formula. That means the purchase price&nbsp;− and the deposit&nbsp;− are much lower than if you were buying a similar home on the open market."</p> <p>To find out more about <a href="/{localLink:4109}" title="Quartet, Whitchurch">Quartet</a> and <a href="/ways-to-buy/shared-ownership/">shared ownership</a> call 0845 60 10 878 or <a href="/contour-forms/register-for-updates/">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes">Facebook</a>.</p> <p>* £59,625 buys a typical 45% share of a two-bed home with a full market value of £132,500. A minimum deposit on that share would £2,982, assuming a 95% mortgage.</p> /news/news/2014/september/quartet-half-gone/ http://www.bromfordhomes.co.uk/news/news/2014/september/quartet-half-gone/ 26 September 2014 Aspenwood first-time buyer Deborah <p>NURSE Deborah Collins loves living in Solihull. But she doesn't love the property prices in this popular part of the West Midlands.</p> <p>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.</p> <p>Until, that it, Deborah found out about our affordable <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes at <a href="/{localLink:4081}" target="_blank" title="Aspenwood">Aspenwood</a>, 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&nbsp;− and life is great.</p> <p>"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.</p> <p><img width="425" height="305" src="/media/451111/wyevale-425x305.jpg" alt="Wyevale"/></p> <p>"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.</p> <p>"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 landlord."</p> <p>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&nbsp;− and paying your own mortgage rather than someone else's," answers Deborah.</p> <p>"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."</p> <p>Debbie's only problems now are deciding on a colour scheme&nbsp;− and a guest list. "We only moved in a couple of weeks ago so we're still settling in&nbsp;− 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!"</p> <p><img width="425" height="305" src="/media/451106/belper-425x305.jpg" alt="Belper"/></p> <p>Bromford Homes Area Sales Consultant Kirsty Darby says: "Handing over the keys to customers like Deborah is such a rewarding part of the job&nbsp;− 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 home!</p> <p>"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."</p> <p><img width="422" height="310" src="/media/455695/the-belford_422x310.jpg" alt="The Belford"/></p> <p>It's a similar story at nearby <a href="/{localLink:3496}" target="_blank" title="Moat House Fields">Moat House Fields</a>, Marston Green, where all the homes are now reserved but we've got more shared ownership developments around Solihull&nbsp;− at <a href="/{localLink:4319}" target="_blank" title="Arden Fields">Arden Fields</a>, Knowle, and Meriden's <a href="/{localLink:4122}" target="_blank" title="Mulberry Gardens">Mulberry Gardens</a> (pictured above), where prices start from £90,000 for a typical 45% share of a two-bed Belford.</p> <p>You can find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:1182}" target="_blank" title="Find a home">developments near you</a> by calling us on <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>&nbsp;</p> /news/news/2014/september/aspenwood-first-time-buyer-deborah/ http://www.bromfordhomes.co.uk/news/news/2014/september/aspenwood-first-time-buyer-deborah/ 23 September 2014 Affordability more important than ever <h4>Shared ownership's low deposits and manageable monthly costs are more important than ever for priced-out buyers, says our Head of Sales ALAN BRADLEY, as the average first home price hits a new high</h4> <p><img width="599" height="318" src="/media/494911/alan-bradley-1-599x318.jpg" alt="Alan Bradley 640x340"/></p> <p>NEW statistics highlight the true affordability of our <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes for cash-strapped homehunters who are frustrated by rising property prices.</p> <p>The average price paid by first-time buyers is up by almost 14% over the last year, says the latest report from the Office for National Statistics, and that figure now stands at an eye-watering £209,000.</p> <p>Compare that with the average price paid by a Bromford shared ownership customer&nbsp;− most of them first-time buyers. It's just £83,131, or less than 40% of the national figure.</p> <p>Then compare the latest statistics for typical first-time buyer deposits. The overall average, according to another survey by the National Housing Federation, is a whopping £30,000. That's roughly the same or slightly more than a year's pre-tax wages for a typical nurse, firefighter or plumber.</p> <p>The average deposit for a Bromford shared ownership buyer? It varies quite a lot because some of our homes are built in high-price property areas like Solihull or Cirencester but, for most of our first-time buyers across central England, the minimum &nbsp;figure is somewhere between £3,000 and £5,000.</p> <p><img width="600" height="250" src="/media/416152/spoonley-pennylands-960_600x250.jpg" alt="Pennylands 960"/></p> <p>In fact, a minimum 5% deposit for someone paying the £83,131 average for a Bromford home like the one pictured above would be just £4,157. That's a truly affordable amount for ordinary working people who want to see their homeownership dream come true&nbsp;− especially if they can't, like two-thirds of today's first-time buyers, rely on help from the Bank of Mum &amp; Dad.</p> <p>It's this figure&nbsp;− the deposit&nbsp;− that really makes the difference for aspiring homeowners. We know that because they tell us so. That and the fact that shared ownership's unique part-buy, part-rent formula enables them to commit to a mortgage that they can actually afford whereas buying outright is simply beyond their reach.</p> <p>It's also worth saying here that total monthly payments for our buyers&nbsp;− including low rent for the share that you don't buy&nbsp;− are typically around the same or even less than you would pay to rent a similar home from a private landlord. Surveys confirm this and so do first-time buyers like <a href="/{localLink:3930}" target="_blank" title="Thomas Turner part-buy case study">Thomas</a> (pictured below) in Cheltenham, <a href="/{localLink:4097}" target="_blank" title="Oaklands case study">Anna</a> in Rugby and Deborah in Solihull.</p> <p><img width="600" height="250" src="/media/417903/smv-thomast-case-study-keys_600x250.jpg" alt="Thomas Turner with keys"/></p> <p>Now private renting may well be the right option for, say, young singletons who are often more mobile and may want to make the most of that freedom to switch jobs and move to another town or a different part of the country.</p> <p>But our customers are priced out by open market property values and most simply want the chance to stay in the village, town or city where they've grown up, the place where their friends, families and jobs are. Or they want the chance to put down those roots so that they can start a family or make sure their children can stay at the same school without having to worry about a private landlord giving them notice to move on.</p> <p>Our customers want the freedom to paint their walls with the latest must-have colours, to entertain friends, make the most of their gardens during the summer and enjoy the benefits of a well-insulated, energy-efficient modern home in the depths of winter.</p> <p>Isn't that, after all, what a home of your own is really all about? Somewhere cosy, secure and really liveable that won't break the bank?</p> <p><img width="599" height="318" src="/media/444518/anna-and-mia-640x340_599x318.jpg" alt="Anna with Mia 640x340"/></p> <p>Yes, homeownership is also generally regarded as a good long-term investment. First-time buyers like Thomas, Anna (pictured above) and Deborah all see it that way and tell us that they hope to increase the share they own as and when they can afford it.</p> <p>We, of course, support them in that ambition but the decision is theirs and has to reflect their future financial circumstances. The key word to remember then as well as now is affordable.</p> <p>You can find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:1182}" target="_blank" title="Find a home">developments</a> in YOUR area by calling us on <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>For more about the latest house price figures, read this national newspaper <a href="http://www.independent.co.uk/property/house-prices-now-above-previous-peak-in-six-regions-9735233.html" target="_blank">report based on the ONS statistics</a> or the NHF <a href="http://www.housing.org.uk/media/press-releases/homeownership-is-becoming-an-exclusive-members-club/" target="_blank">Broken Market, Broken Dreams</a> report.</p> /news/blogs/2014/september/affordability-more-important-than-ever/ http://www.bromfordhomes.co.uk/news/blogs/2014/september/affordability-more-important-than-ever/ 19 September 2014 Prices confirmed Arden Fields <p>FIRST-TIME buyers are being offered a rare chance to get on the Knowle property ladder for a fraction of what it would cost on the open market.</p> <p>Yes, you can snap up a one-bed apartment at <a href="/{localLink:4319}" target="_blank" title="Arden Fields">Arden Fields</a>&nbsp;− not far from the heart of this sought-after village near Solihull&nbsp;− for as little as £72,000* through low-cost <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>Part-buy prices start from just £110,250** for a typical 45% share of a two-bed house and just £126,00 for a family-sized three-bed&nbsp;− all built for us by Miller Homes.</p> <p>With our typical prices&nbsp;− and deposits&nbsp;− less than half what it would cost for an open-market purchase, Bromford Homes Head of Sales Alan Bradley predicts strong demand from eager first-time buyers who are priced out of the traditional property market.</p> <p><img width="599" height="333" src="/media/473702/knowle-1_599x333.jpg" alt="Knowle 1"/></p> <p>"Knowle is a very desirable place to live and this is reflected in the asking prices for all kinds of local houses and apartments. As a result, most first-time buyers on ordinary incomes are quite simply priced out," says Alan, an expert in shared ownership.</p> <p>"Shared ownership offers them an affordable way of making their home ownership dream come true. These houses and apartments are built to the same high quality as the open-market homes that Miller is building alongside them, and they come with all the mod cons, other features and contemporary room layouts that people want these days.</p> <p>"The big difference is the cost. With shared ownership, you commit to a relatively small mortgage and therefore have to find a much smaller deposit. It's a truly affordable alternative to private renting or living at home with your folks."</p> <p><img width="599" height="363" src="/media/470208/capture-3_599x363.jpg" alt="Arden House"/></p> <p>A typical deposit for, say, a two-bed house at Arden Fields can be as little as £5,513** if buying a typical 45% share and, in the case of a one-bed apartment at Arden House (pictured above), just £3,600*.</p> <p>The development off Hampton Road will include a total of nine shared ownership houses&nbsp;− most of them three-bed Hawthornes (pictured below) − and four apartments. A stylish kitchen with stainless steel oven, hob and extractor, modern bathroom and off-road parking all come as standard, together with ultra-efficient boiler, high-quality double glazing and other energy-saving features that help to reduce gas and electricity bills.</p> <p><img width="597" height="450" src="/media/470203/capture-2_597x450.jpg" alt="The Hawthorne"/></p> <p>Building work is now under way and, if all goes according to schedule, the first homes will be finished before Christmas.</p> <p>* £72,000 buys a 45% share of a one-bed apartment with a full market value of £160,000. A minimum deposit of £3,600 assumes a 95% mortgage on that share, with low rent payable on the share you don't buy.</p> <p>** £110,250 buys 45% of a two-bed house with a full market value of £245,000 and a minimum deposit of £5,513 assumes a 95% mortgage.</p> <p>*** £126,000 buys 45% of a three-bed house with a full market value of £280,000. A minimum deposit would be £6,300, assuming a 95% mortgage on the share you buy.</p> <p>To find out more about <a href="/{localLink:4319}" target="_blank" title="Arden Fields">Arden Fields</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, call <strong>0845 60 10 878</strong> or r<a href="/contour-forms/register-for-updates/">egister your interest</a> online. You can also keep in touch by following on <a href="https://twitter.com/BromfordHomes">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes">Facebook</a></p> /news/news/2014/september/prices-confirmed-arden-fields/ http://www.bromfordhomes.co.uk/news/news/2014/september/prices-confirmed-arden-fields/ 16 September 2014 Broken Dreams <p>THE BROKEN dreams of many priced-out buyers are highlighted by a new report that warns home ownership is turning into an "exclusive members club".</p> <p>Average first-time buyers are now paying&nbsp;− in real terms&nbsp;− TEN times as much in deposit than their counterparts did in the early 1980s, says the National Housing Federation (NHF), and two-thirds of them now rely on financial help from parents.</p> <p>The affordability gap is so big, says the NHF, only the wealthiest would-be homeowners in the next generation will be able to afford the deposits and mortgage costs that lenders call for.</p> <p>Launching the <em>Broken Market, Broken Dreams</em> report, NHF Chief Executive David Orr warns "home ownership is quickly becoming an exclusive members club". He urges the government to come up with a bold long-term plan and start building more homes that ordinary people like nurses, firefighters and plumbers can afford.</p> <p><img width="599" height="363" src="/media/470208/capture-3_599x363.jpg" alt="Arden House"/>&nbsp;</p> <p>The call for more affordable homes&nbsp;− including <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> houses and apartments like these at <a href="/{localLink:4319}" title="Arden Fields">Arden Fields</a> (pictured above) in Knowle&nbsp;− has the backing of Bromford Homes Head of Sales Alan Bradley.</p> <p>"Broken Dreams certainly sums up the sense of disappointment and frustration that many younger homebuyers are feeling," says shared ownership expert Alan.</p> <p>"The NHF is right in saying that homeownership is beyond the reach of many average earners&nbsp;− people such as nurses, firefighters and retail workers. Average first-time buyers need big salaries, big deposits&nbsp;− and, in many cases, financial help from the Bank of Mum and Dad&nbsp;− in order to buy even a modest home on the open market.</p> <p>"This reflects what the vast majority of our customers tell us&nbsp;− and, for them, shared ownership's low deposits and affordable monthly costs offer the only way of getting onto the property ladder."</p> <p><img width="425" height="305" src="/media/451111/wyevale-425x305.jpg" alt="Wyevale"/></p> <p>Nurse Deborah Collins agrees. Like many, she had all but given up hope of being able buy her own home in high-price Dickens Heath, Solihull. "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," says Debbie.</p> <p>"Then friends told me about <a href="/{localLink:4081}" target="_blank" title="Aspenwood">Aspenwood</a> (pictured above) 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 landlord."</p> <p>Would Deborah recommend shared ownership to other priced-out homehunters? "Absolutely. Shared ownership offers people like me a truly affordable way of getting onto the property ladder. My son and I now live in a lovely location and have a beautiful home I can actually afford."</p> <p><img width="600" height="250" src="/media/189534/lifestyle_1__960x400__600x250.jpg" alt="homepage banner couple"/></p> <p>Key findings in <em>Broken Market, Broken Dreams</em>:</p> <ul> <li>The average first-time buyer today needs a £30,000 deposit, almost ten times* the deposit required in the early 1980s</li> <li>First-time buyers have an average income of £36,500, compared to the average salary for first-time buyers in the 1980s of £20,000*</li> <li>A first-time buyer has to borrow 3.4 times their annual income on average, compared to first time buyers in 1979 who needed to borrow just 1.7 times their income</li> <li>Two thirds of first-time buyers receive financial help from parents - a figure that has doubled in five years</li> </ul> <p>* To find out how the NHF worked out its figures, <a href="http://www.housing.org.uk/media/press-releases/homeownership-is-becoming-an-exclusive-members-club/" target="_blank">read the report</a>.</p> /news/news/2014/september/broken-dreams/ http://www.bromfordhomes.co.uk/news/news/2014/september/broken-dreams/ 15 September 2014 999 must-save list <p class="NormalVerdana">IMAGINE you've got to leave your home in a hurry. Assuming that your loved ones&nbsp;− and that includes your pets, of course&nbsp;− are safe, what would be the first thing that you try to save?</p> <p class="NormalVerdana">The question was put to 2,300 people&nbsp;− and their answers highlight different priorities for men and women when faced by an unexpected emergency like flooding or fire.</p> <p class="NormalVerdana">Family photographs top the must-save list for women, according to the study by insurer Ecclesiastical, with one in three of them saying they would retrieve picture albums and digital images before getting out. That's three times more than the 11% of men who say they would make saving family photos their main priority.</p> <p class="NormalVerdana"><img width="600" height="250" src="/media/478670/tech-must-haves-960x400_600x250.jpg" alt="tech must-haves 960x400"/></p> <p class="NormalVerdana">Top priority for men is their stash of important documents (24%) followed by tech items such as laptops and phone (22%). Women, on the other hand, give technology items a much lower priority with just 12% putting laptops, smartphones and tablets (pictured above) top of their must-save list.</p> <p class="NormalVerdana">Bromford Homes Head of Sales Alan Bradley says: "It's interesting to see what's most precious among their portable belongings for different people. Family photos would, of course, come top of the list for many people of both sexes and these days that often means grabbing the laptop because most of their images are digital rather than prints in a traditional photo album.</p> <p class="NormalVerdana">"This study highlights the importance of keeping a back-up copy of your digital photos somewhere in the 'cloud' so that they're safe and can be retrieved if the worst does happen. More importantly, it highlights the need for every householder to have adequate insurance cover for the contents of their home.</p> <p class="NormalVerdana"><img width="600" height="275" src="/media/325010/penny-meadow-02-960x440_600x275.jpg" alt="PM showhome lounge"/></p> <p class="NormalVerdana">"You have to ask yourself one question&nbsp;− what would you do if you lost all the furniture and other belongings in your home? Buying everything again would cost a fortune so contents insurance is vital if you're going to cover yourself for unexpected events like a burglary, water leakage, flooding, a lightning strike or a fire.</p> <p class="NormalVerdana">"And, in the case of fire, remember the advice from 999 professionals and simply get out. Fire spreads quickly. There is no time to gather valuables or make a phone call first."</p> <p class="NormalVerdana">If you're a <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> buyer, Bromford makes sure that building insurance is in place to cover the cost of repairing any damage to the property itself. But this doesn't include cover for your furniture, clothing and other belongings. That's why you also need contents cover such as the low-rate insurance policy available through the National Housing Federation <a href="http://www.thistlemyhome.co.uk/default.aspx" target="_blank">My Home Contents</a> scheme.</p> /news/news/2014/september/999-must-save-list/ http://www.bromfordhomes.co.uk/news/news/2014/september/999-must-save-list/ 11 September 2014 Moulton sales surge <p>FIRST-TIME buyers snapped up four of the five remaining <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes at <a href="/{localLink:3484}" target="_blank" title="Countess Manor">Countess Manor</a>, Moulton, near Northampton, over the weekend.</p> <p>That Saturday sales surge leaves just one affordable three-bed house up for grabs&nbsp;− and it could be YOURS for as little as £68,250* and a minimum deposit of just £3,413*.</p> <p>With demand so strong, Bromford Homes Area Sales Consultant Kirsty Darby urges other would-be homeowners to "be quick or miss out" on this low-cost chance to get on the Northamptonshire property ladder.</p> <p><img width="600" height="250" src="/media/416147/aleera-countess-manor-960_600x250.jpg" alt="Countess Manor 960"/></p> <p>"It's been an incredible weekend! First-time buyers love everything about these homes (pictured above) − the layout, the build-quality, the location and, of course, the price," says Kirsty.</p> <p>"It's been so rewarding to see the development take shape and to welcome the first few buyers into their new homes. Taking four reservations all on the same day was the icing on the cake and now we've got just one family home left.</p> <p>"My advice to other homehunters is simple&nbsp;− don't delay. It won't be long before this last three-bed is snapped up like the others."</p> <p><img width="599" height="333" src="/media/392583/612x340-exterior2_599x333.jpg" alt="Moulton 2"/></p> <p>Kirsty describes Moulton (pictured above) as a great place to live, with good local schools plus the usual village shops and pubs you need for day-to-day living as well as a thriving community social life that ranges from bowls to bell-ringing.</p> <p>"It's also a great place if you commute to work in Northampton or one of the other nearby towns," says Kirsty. And the houses? "They're great too! This last three-bed is ideal for a growing young family with a layout that suits the way people want to live these and, of course, it comes loaded with the mod cons and other features that buyers expect these days."</p> <p>You can find out more about <a href="/{localLink:3484}" target="_blank" title="Countess Manor">Countess Manor</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> by calling us on <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* With shared ownership, £68,250 would buy a typical 35% share of a <a href="/{localLink:3718}" target="_blank" title="The Verona">three-bed Verona</a> house with a full market value of £195,000. A minimum deposit is £3,413 assumes a 95% mortgage on that share.</p> /news/news/2014/september/moulton-sales-surge/ http://www.bromfordhomes.co.uk/news/news/2014/september/moulton-sales-surge/ 08 September 2014 Key decisions for homebuyers <p>BUYING your first home certainly stirs up the emotions. We know that because YOU tell us as much and the climax is that special day when we hand over the keys to a new Bromford house or apartment.</p> <p>It's described by many of you as a "<a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">dream come true</a>"&nbsp;− the start of an exciting new chapter in your lives as you settle into an affordable <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> home that you can truly call your own.</p> <p>This heady stir of emotions is confirmed by the findings of a new survey that also highlights some of the differences between men and women when it comes to homehunting.</p> <p><img width="600" height="250" src="/media/189534/lifestyle_1__960x400__600x250.jpg" alt="homepage banner couple"/></p> <p>Opinions are strong when it comes to this life-changing decision and two-thirds of couples surveyed by <a href="http://www.purplebricks.com/">www.purplebricks.com</a> admit that their differences when looking for a new home can lead to tension&nbsp;− even arguments.</p> <p>Top of the list for women is the number of bedrooms (53% of those questioned) with good local schools rating as the next most important factor (35%). Men, on the other hand, say being close to local rail and motorway links is the most important factor when buying a home.</p> <p>The findings come as no surprise for Bromford Homes Head of Sales Alan Bradley. "Buying a home&nbsp;− especially your first home&nbsp;− is an exciting, slightly scary and occasionally frustrating process and we find that moving-in day is often a time for laughter and even a few tears," says shared ownership expert Alan.</p> <p><img width="600" height="250" src="/media/476294/colliers-show2-kitchen-960x400_600x250.jpg" alt="Colliers show2 kitchen"/></p> <p>"For many of our buyers, it's almost like falling in love again&nbsp;− falling in love with the look and feel of a property or the layout, features and fittings in, say, a stylish new kitchen − the room that many people feel is the heart of a home.</p> <p>"On a more practical level, of course, it's about a number of different factors with affordability somewhere near the top of the list for most people. Other key factors are certainly the number of bedrooms you need, finding a home that's near to a school you're happy with or being fairly near to a railway station or motorway junction so that you have a do-able journey to work and back.</p> <p><img width="599" height="333" src="/media/337739/area-photo-2_599x333.jpg" alt="Area 2"/></p> <p>"It's interesting that these survey findings highlights different priorities for men and women in a relationship. Of course, at the end of the day, it's a joint decision for any couple, any differences can be talked through and it's important to make sure that you've ticked all the important boxes on your must-haves list before you go ahead with a decision to buy."</p> <p>Alan encourages would-be homebuyers to tap into the expertise of Bromford's specialist shared ownership sales team and to make full use of all our website sections such as the local area information, which includes basic facts about local schools, as well as carry out their own research.</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and developments near YOU, call <strong>0845 60 10 878</strong> or r<a href="/contour-forms/register-for-updates/">egister your interest</a> online. You can also keep in touch by following on <a href="https://twitter.com/BromfordHomes">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes">Facebook</a>.</p> /news/news/2014/september/key-decisions-for-homebuyers/ http://www.bromfordhomes.co.uk/news/news/2014/september/key-decisions-for-homebuyers/ 05 September 2014 Next Generation priced out? <p>ALARMING new statistics reveal that more than two-thirds of parents fear their sons and daughters won't be able to buy a home of their own without cash support from their families.</p> <p>Even more mums and dads&nbsp;− four out of five&nbsp;− voice a wider worry about the negative impact of rising house prices on the next generation, says the National Housing Federation (NHF) survey.</p> <p>The problem is so serious, says the housing lobby group, that by 2020 a staggering 3.7 million young people&nbsp;− today's schoolchildren&nbsp;− will be forced to keep living with their parents.</p> <p>The statistics come with an NHF call for top-level action to tackle what NHF chief David Orr describes as a "ticking timebomb" for children and parents alike.</p> <p><img width="600" height="250" src="/media/342573/so-parents-and-daughter-960x400_600x250.jpg" alt="SO parents and daughter"/></p> <p>Bromford Homes <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> expert Alan Bradley shares these concerns and supports the call to invest in building more affordable homes so that more young first-time buyers can afford to take their first step onto the property ladder.</p> <p>"These latest NHF figures make grim reading indeed&nbsp;− and reflect what first-time buyers and their parents tell us about the way that rising property values are pricing them out of the places where they want to live," says Alan, Head of Sales at Bromford Homes.</p> <p>"It's a huge problem and it won't be tackled overnight but the message from parents is coming through loud and clear&nbsp;− we need to build more homes that young buyers and others can afford.</p> <p>"Shared ownership is definitely part of the solution. Our purchase prices and deposits are typically less than half what it costs to buy a similar home on the open market&nbsp;− and the monthly costs are usually cheaper than renting from a private landlord. It's a truly affordable way to make the property dream come true and our customers&nbsp;− such as first-time buyer <a href="/{localLink:3930}" target="_blank" title="Thomas Turner part-buy case study">Thomas Turner</a> (pictured below) in Gloucestershire&nbsp;− clearly agree."</p> <p><img width="600" height="250" src="/media/417903/smv-thomast-case-study-keys_600x250.jpg" alt="Thomas Turner with keys"/>&nbsp;</p> <p>His advice to parents? "Don't forget about shared ownership when you're sitting down and talking things through with your son or daughter," answers Alan.</p> <p>"A lot of the older generation, like me, were much more fortunate than today's young would-be buyers. Prices did go up but homes were, in general, much more affordable and so was saving for a deposit.</p> <p>"Many mums or dads may not know about shared ownership or how it works&nbsp;− and there are a number of common misunderstandings about it, such as believing it's only for key workers. That's why we published a special <a href="/{localLink:3513}" target="_blank" title="Shared ownership from parents' point of view">Guide to Shared Ownership for Mums and Dads</a>. My advice to is to read it and then visit one of our showhomes like the one at <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a>, Rugby, or <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> (pictured below). You will probably be pleasantly surprised."</p> <p><img width="600" height="250" src="/media/452500/colliers-3-bed-showhome-960x400_600x250.jpg" alt="ColliersGreen showhome no2 960x400"/></p> <p>Launching the report yesterday (Monday), the NHF's David Orr says: "Children face the ticking timebomb of being prices out of the communities where they've grown up − and unless they are able to borrow from the <a href="/{localLink:3716}" target="_blank" title="Bank of Mum and Dad comment">Bank of Mum and Dad</a> many will face living in their childhood bedrooms well into adulthood or renting for the rest of their lives… We need the Government to take action to end the housing crisis within a generation, for the next generation."</p> <p>To find out more about shared ownership and development near YOU, call <strong>0845 60 10 878</strong> or r<a href="/contour-forms/register-for-updates/">egister your interest</a> online. You can also keep in touch by following on <a href="https://twitter.com/BromfordHomes">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes">Facebook</a></p> /news/news/2014/september/next-generation-priced-out/ http://www.bromfordhomes.co.uk/news/news/2014/september/next-generation-priced-out/ 02 September 2014 Buddy-up buyers <p>YOUNG, free and single. Want to buy a home of your own but can't afford it?</p> <p>Well, you're not alone, according to the latest figures from a leading estate agent.</p> <p>Just one in three young singletons are able to get on the property ladder on their own, according to the Countrywide data, and as a result more of them are clubbing together with a friend, brother or sister.</p> <p><img width="600" height="250" src="/media/378021/joint-buyers-eat-pizza-960x400_600x250.jpg" alt="Joint buyers eat pizza"/></p> <p>The rise in co-owning first-time buyers prompts a buddy-friendly message of hope from Bromford Homes shared ownership expert Alan Bradley to wannabe homeowners without a spouse or partner.</p> <p>"Friends can also become <a href="/ways-to-buy/shared-ownership/">shared ownership</a> buyers. Sadly, even two incomes and the combined savings of two people may not be enough to buy a home on the open market&nbsp;− especially in high-price property areas," says Alan.</p> <p>"Our unique part-buy, part-rent deal offers many first-time buyers a much more affordable way of making your property dream come true.</p> <p>"For those who don't have a partner, buying with a friend, brother or sister could be the answer with a truly affordable alternative to living at home with your parents or renting from a private landlord."</p> <p><img width="599" height="333" src="/media/473752/meriden-4_599x333.jpg" alt="Meriden 4"/>&nbsp; Shared ownership's low deposits&nbsp;− £3,000 to £5,000 is fairly typical&nbsp;− are cited by most buyers as a key difference and many are pleasantly surprised to find that monthly costs are <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">typically cheaper than private rent</a> for a similar home.</p> <p>For example, you can get on to the property ladder for as little as £90,000* in a high-price place like Meriden (pictured above) near Solihull&nbsp;− highlighted as a <a href="/{localLink:4317}" target="_blank" title="Young buyers squeezed out">"clipped wings" hotspot</a> where young working people can't afford to "fly the family nest", according to one survey&nbsp;− and your deposit could be as little as £4,500*.</p> <p>"Of course, you don't have to buy with a friend or family member. In a nutshell, shared ownership is an affordable option for young people and other aspiring home-owners who are simply priced out of the open market," says Alan.</p> <p>"As long as you don't already have a property and your combined household income isn't more than £60,000 a year, you could qualify."</p> <p><img width="596" height="438" src="/media/455695/the-belford_596x438.jpg" alt="The Belford"/></p> <p>To find out more about <a href="/ways-to-buy/shared-ownership/">shared ownership</a>, how it works and local developments, call us on <strong>0845 60 10 878</strong>. You can also <a href="/contour-forms/register-for-updates/">register for updates</a> and follow us on <a href="https://twitter.com/BromfordHomes">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes">Facebook</a>.</p> <p>* £90,000 represents a minimum 25% share of a two-bed home with a market value of £200,000 at Meriden's Mulberry Gardens (pictured above). The deposit, based on a customer borrowing 95%, would be £4,500.</p> /news/news/2014/august/buddy-up-buyers/ http://www.bromfordhomes.co.uk/news/news/2014/august/buddy-up-buyers/ 28 August 2014 Colliers Green last three <p>DON'T delay or you could miss out on one of the last few chances to get on the Warwickshire property ladder at commuter-friendly <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>.</p> <p>That's the timely message to first-time buyers who can't afford to buy on the open market and want an affordable, more secure alternative to private renting.</p> <p>Just three of 20 affordable homes remain on the market after a flurry of sales over the August bank holiday&nbsp;− and that includes a holding reservation on our Colliers Green showhome (pictured below).</p> <p><img width="600" height="250" src="/media/467485/cg-showhome2-bedroom_600x250.jpg" alt="CG showhome2 bedroom"/></p> <p>With a minimum shared ownership price of £61,650*, it surely won't be long before first-time buyers snap up the last two three-bed homes here at New Arley&nbsp;− between Nuneaton and Coventry.</p> <p>Also up for grabs is the last two-bed Daffern&nbsp;− yours for just £98,000** through our affordable equity loan scheme.</p> <p>Bromford Homes Head of Sales Alan Bradley urges would-be buyers to be quick or risk missing out.</p> <p><img width="600" height="250" src="/media/189534/lifestyle_1__960x400__600x250.jpg" alt="homepage banner couple"/></p> <p>"We've got TWO low-cost options here and both are really affordable for would-be buyers who feel locked out of the property market and are probably renting from private landlords or living at home with their folks," says Alan.</p> <p>"Our prices are a fraction of what it would cost you to buy a similar home on the open market and yet every Bromford home comes loaded with the mod cons (below) and design features that buyers expect.</p> <p><img width="600" height="250" src="/media/476294/colliers-show2-kitchen-960x400_600x250.jpg" alt="Colliers show2 kitchen"/></p> <p>"What's more, Colliers Green offers a great location&nbsp;− midway between Nuneaton and Coventry, surrounded by some beautiful countryside with easy access to the M6 and M42. It's ideal for commuters with young families."</p> <p>* £61,650 buys a typical 45% share of a three-bed Cowley. With <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, you buy&nbsp;between 25% and 75% of your new Bromford home − the amount depends on what you can afford − and pay low rent on the remaining share.</p> <p>** HelpUbuy <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a> allows you to buy your new Bromford home for just 80% of its purchase price − in the case of Colliers Green, around £98,000* for a two-bed home with a full market value of £122,500. You simply pay 5% deposit, which in this example is 5% of £122,500, plus the monthly mortgage payments on what you borrow − and no interest on the other 20% for up to five years and no rent either.</p> <p><img width="600" height="250" src="/media/452500/colliers-3-bed-showhome-960x400_600x250.jpg" alt="ColliersGreen showhome no2 960x400"/>&nbsp;</p> <p>To find out more about <a href="/{localLink:2829}" title="Colliers Green, New Arley">Colliers Green</a>, shared ownership and equity loan, call <strong>0845 60 10 878</strong> or r<a href="/contour-forms/register-for-updates/">egister your interest</a> online. You can also keep in touch by following on <a href="https://twitter.com/BromfordHomes">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes">Facebook</a></p> /news/news/2014/august/colliers-green-last-three/ http://www.bromfordhomes.co.uk/news/news/2014/august/colliers-green-last-three/ 26 August 2014 Happier, healthier homeowners <p>WE'VE got great homes in great locations and many of them&nbsp;− like our newest development at <a href="/{localLink:4122}" target="_blank" title="Mulberry Gardens">Mulberry Gardens</a>, Meriden&nbsp;− are close to some great footpaths and open spaces.</p> <p>They offer a fun, free and family-friendly chance to stretch your legs, enjoy the great outdoors and improve your health and well-being. In fact, if you walk an extra 30 minutes a day for the rest of your life, you could:</p> <p>SLEEP twice as well</p> <p>LOSE up to 8lb in three months and, potentially</p> <p>ADD more than three years to your life, cutting your chance of suffering heart disease, stroke or kidney failure by more than 10%.</p> <p>According to experts, you're even more likely to be in a good mood for 12 hours after your walk!</p> <p>These statistics, published by a leading national newspaper, would come as no surprise to first-time buyer <a href="/{localLink:4097}" target="_blank" title="Oaklands case study">Anna Malarska</a>, who moved into her two-bed shared ownership home at <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a>, Rugby, a year ago.</p> <p><img width="599" height="318" src="/media/444518/anna-and-mia-640x340_599x318.jpg" alt="Anna with Mia 640x340"/></p> <p>"We love our new home and we love the area around Oaklands. It's perfect as there are plenty of places to walk our dog Mia and to go for bike rides with my son William," says Anna (pictured above).</p> <p>It's a similar story for Bromford homebuyers at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, New Arley&nbsp;− a village surrounded by some stunning north Warwickshire countryside, criss-crossed by footpaths.</p> <p>Over at Meriden, near Solihull, Mulberry Gardens homebuyers who start moving in later this year can stretch their legs at a super sports park in the heart of the village&nbsp;− famed for being the centre of England&nbsp;− or try a stretch of the Heart of England Way, which cuts through the picturesque parish churchyard (below).</p> <p><img width="599" height="333" src="/media/473757/meriden-5_599x333.jpg" alt="Meriden 5"/></p> <p>Bromford Homes Area Sales Consultant Kirsty Darby encourages homebuyers to make the most of these free amenities and&nbsp;− as a fitness fan who has completed four Tough Guy UK and seven MoonWalk challenges&nbsp;− to follow our top tips for novice walkers.</p> <p>"I would certainly encourage our homeowners to get out and explore the local footpaths and open spaces around our homes," says Kirsty. "We've got some really beautiful locations across central England. My own personal favourite is our <a href="/{localLink:3995}" target="_blank" title="Saxon Rise">Saxon Rise</a> development at Brixworth, near Northampton. Pitsford Water Park (below) is right on the doorstep&nbsp;− it's such a beautiful place with a seven-mile waterside track that's ideal for walkers of all ages."</p> <p><img width="599" height="318" src="/media/436810/brixworth43_599x318.jpg" alt="Brixworth43"/></p> <p>So here are our <a href="/{localLink:4367}" title="Top tips for novice walkers">top tips for novice walkers</a>, with a grateful nod to NHS choices.</p> <p>To find out more about our developments and how low-cost home ownership could make YOUR property dream come true, call one of our expert advisors on <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>.</p> /news/news/2014/august/happier,-healthier-homeowners/ http://www.bromfordhomes.co.uk/news/news/2014/august/happier,-healthier-homeowners/ 21 August 2014 Top 10 Tip for 1st-time buyers <h4>BUYING your first home? There's a lot to think about from rising property prices and tougher lending rules to legal bills and buying carpets and curtains. <a href="/{localLink:1446}" target="_blank" title="Shared ownership">Shared ownership</a> expert ALAN BRADLEY, Head of Sales at Bromford, offers homehunters his Top 10 Tips</h4> <p><strong>Tip No 1</strong> Start saving. You may already have a nest-egg. If not, make a regular commitment to save as much as you can sensibly afford and you may be surprised how quickly it mounts up. With shared ownership, a typical first-time buyer deposit is usually less than half what you'll be expected to pay for a traditional open-market home. The amount depends on local property prices and each buyer's finances but most put down £3,000-£5,000 as a 5% deposit.</p> <p><strong>Tip No 2</strong> Pay your bills on time.&nbsp; As a first-time buyer, you'll have to prove your credit worthiness to qualify for shared ownership and when applying for a mortgage. Missed or late payments for credit cards and other household bills can make a big difference to the success&nbsp;− or otherwise&nbsp;− of your application.</p> <p><img width="600" height="250" src="/media/378021/joint-buyers-eat-pizza-960x400_600x250.jpg" alt="Joint buyers eat pizza"/></p> <p><strong>Tip No 3</strong> Cut back on those trips to Nando's and Pizza Hut. Lenders expect a really detailed breakdown of your monthly spending now that <a href="/{localLink:4259}" target="_blank" title="New mortgage rules and what it means">tougher lending rules</a> are in force.&nbsp; The aim, of course, is to make sure that you can afford all your monthly payments, especially if&nbsp;− as is forecast&nbsp;− interest rates start to rise later this year or early in 2015.</p> <p><strong>Tip No 4</strong> Get organised. That means making a list of all the <a href="/{localLink:4334}" target="_blank" title="Buyer must-haves">must-have features</a> you want in your new home. It means making sure that you have all the payslips, household bills, bank statements and receipts that lenders will want to see. It means staying on top of all the form filling, letter writing and phone calls when you're buying a home.</p> <p><img width="599" height="318" src="/media/175308/deposit_match_bumslap_599x318.jpg" alt="Deposit Match bumslap"/></p> <p><strong>Tip No 5</strong> Location, location. Most buyers want to live near family and friends&nbsp;− and shared ownership can make that dream come true at a price that ordinary working people can afford. But think carefully about the cost of your daily journey to and from work. Is the home of your choice within walking distance of a train station or major bus route? If you buy a home there, can you manage with one car? It could save you £££s.</p> <p><strong>Tip No 6</strong> Don't forget to budget for your solicitor's bill, the cost of hiring a van or removal firm and the expense of furnishing your new home. Try to keep back a contingency fund because no matter how well you plan your finances you can easily end up spending more than you planned.</p> <p><strong>Tip No 7</strong> Watch out for <a href="/{localLink:1505}" target="_blank" title="Incentives">special incentives</a>. Bromford and other housing providers sometimes offer buyers free carpets with selected homes or other incentives such as our recent cashback deal at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> (pictured below). With the cost of carpeting or hard-flooring a typical two-bed home at £1,500 or more, these special deals are well worth having. My advice is to <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>.</p> <p><img width="600" height="250" src="/media/419826/colliers-green-showhome-lounge_600x250.jpg" alt="Colliers Green showhome lounge"/></p> <p><strong>Tip No 8</strong> Buying with Bromford? Choose a solicitor who knows shared ownership. It makes life much easier and we can probably recommend you to someone who we know will have experience of helping first-time buyers through the buying process.</p> <p><strong>Tip No 9</strong> Make friends with your new home sales consultant. We're all here to help you at every stage of the homebuying journey so make use of us and our expertise. You can call us, email or stay in touch through <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a> if you prefer.</p> <p><img width="600" height="250" src="/media/470994/iphone-teen-960x400_600x250.jpg" alt="iPhone teen 960x400"/></p> <p><strong>Tip No 10</strong> Keep saving. If you've been renting from a private landlord, you'll probably find your <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">monthly outlay is lower</a> with shared ownership. My advice is to put a little of that saved spending into a household "piggybank" for rainy days. Remember, you're a homeowner now. Your <a href="/{localLink:1511}" target="_blank" title="NHBC">new home guarantee</a> will cover you for any major problems that could arise but you're responsible if, for instance, your gutters or downpipes are blocked with leaves. Oh, and don't forget to make sure you've got all the insurance cover you need.</p> <p>To find out more about low-cost home ownership and how it could make YOUR property dream come true, call one of our expert advisors on <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a> and <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a>.</p> <p><em>* This is an updated version of the Top Tips story that was published on Thursday, August 14</em></p> /news/news/2014/august/top-10-tip-for-1st-time-buyers/ http://www.bromfordhomes.co.uk/news/news/2014/august/top-10-tip-for-1st-time-buyers/ 15 August 2014 Developments update <p>WE'RE launching a fresh wave of <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> developments to keep up with first-time buyer demand for affordable new homes.</p> <p>The newest site is <a href="/{localLink:4319}" target="_blank" title="Arden Fields">Arden Fields</a> in the sought-after village of Knowle, near Solihull, where a mix of two and three-bed houses are being built alongside one and two-bed apartments.</p> <p>Prices are yet to be confirmed but they will be a fraction of what it costs to buy similar homes on the open market so we predict that local first-time buyers will be quick to snap them up.</p> <p>That's why Bromford Homes Head of Sales Alan Bradley urges homehunters to <a href="/{localLink:3721}" target="_blank" title="Register">register now</a> and ask about buying a low-deposit part-buy, part-rent home off-plan.</p> <p><img width="599" height="363" src="/media/470208/capture-3_599x363.jpg" alt="Arden House"/></p> <p>Arden Fields (pictured above) brings the number of active Bromford shared ownership developments to 20&nbsp;− and there are more to come at villages, towns and cities across central England.</p> <p>Another new development is <a href="/{localLink:4122}" target="_blank" title="Mulberry Gardens">Mulberry Gardens</a> (below) at Meriden&nbsp;− also near Solihull&nbsp;− where the first two-bed home has already been snapped up, leaving just two more up for grabs from £90,000* for a typical 45% share. Two three-beds are also coming soon, with prices starting from £110,250*.</p> <p><img width="596" height="438" src="/media/455695/the-belford_596x438.jpg" alt="The Belford"/></p> <p>Shared ownership homes are also taking shape at newly-launched <a href="/{localLink:4281}" target="_blank" title="Butterfield Gardens">Butterfield Gardens</a>&nbsp;− our second development in the Warwickshire town of Rugby&nbsp;− with the first completions due in September at prices starting from £56,250** for a two-bed and a minimum deposit of £2,813**.</p> <p>"We're launching new shared ownership developments all the time in an effort to keep up with demand from first-time buyers who can't afford the open market," says Alan Bradley. "Our prices vary from place to place, of course, but every development offers the same deal&nbsp;− great homes, low deposits and affordable monthly costs."</p> <p>To find out more about our latest developments and how low-cost shared ownership could make YOUR property dream come true, call one of our expert advisors on <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a> and <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter.</a></p> <p><img width="600" height="509" src="/media/468453/the-beckford_600x509.jpg" alt="The Beckford"/></p> <p>* £90,000 buys a typical 45% share of a two-bed house with a full-market value of £200,000. A minimum deposit of £4,500 assumes a 95% mortgage. A 45% share of a three-bed house with a full-market value of £245,000 costs £110,250. A minimum deposit of £5,513 assumes a 95% mortgage.</p> <p>** £56,250 buys a typical 45% share of a two-bed house with a full-market value of £125,000 at <a href="/{localLink:4281}" target="_blank" title="Butterfield Gardens">Butterfield Garden</a>s (pictured above). A minimum deposit of £2,813 assumes a 95% mortgage</p> /news/news/2014/august/developments-update/ http://www.bromfordhomes.co.uk/news/news/2014/august/developments-update/ 09 August 2014 Buyer must-haves <p>WHAT'S top of your must-have list when it comes to buying a home? Location, affordability, number of bedrooms, easy travel links for commuting?</p> <p>All key considerations, according to a new report, but it might surprise you to know that the most important factor for many is… a decent mobile signal.</p> <p>Nearly half of all 18-35 year-olds quizzed by RootMetrics ranked mobile as the top priority when buying a new home&nbsp;− and two in three of all homebuyers and renters would think about changing their mobile provider if performance was poor in their neighbourhood. That second statistic rises to 77% for buyers in the 18-24 age group.</p> <p><img width="600" height="250" src="/media/470994/iphone-teen-960x400_600x250.jpg" alt="iPhone teen 960x400"/></p> <p>Other typical factors such as local crime statistics, transport links and good schools get a relatively low rating on the must-have list at between 21% and 17%, says mobile analytics specialist RootMetrics.</p> <p>"Younger homebuyers clearly have a particular list of priorities&nbsp;− and I guess it comes as no surprise that being able to use their mobile phone at home is so important to them," says Alan Bradley, Head of Sales at Bromford Homes.</p> <p>"For many people, their mobile is the way they use the internet and popular social media channels like <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>, <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or Tumblr.</p> <p>&nbsp;<img width="600" height="250" src="/media/444488/anna-with-keys-960x400_600x250.jpg" alt="Anna keys 960x400"/></p> <p>"Of course, each buyer's list of priorities will be different and we suggest that everyone makes a checklist so that they can compare the basics like location, bedroom number and size, access to parking, local schools and so on.</p> <p>"As a <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> specialist, we talk to hundreds of first-time buyers&nbsp;− many of them, like <a href="/{localLink:4097}" target="_blank" title="Oaklands case study">Anna</a> (pictured above) at <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a>, Rugby, in their 20s&nbsp;− and they tell us that the size of their deposit and affordable monthly costs are, in general, their top priorities.</p> <p>"Location is another key factor because many of our buyers want to live and work near their family and friends&nbsp;− and a big percentage tell us they value the <a href="/{localLink:4260}" target="_blank" title="Part-buy vs private rented">greater sense of security</a> that comes with owning a home you can call your own compared to renting from a private landlord."</p> <p>To find out more about low-cost home ownership and how it could make YOUR property dream come true, call one of our expert advisors on <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>.</p> /news/news/2014/august/buyer-must-haves/ http://www.bromfordhomes.co.uk/news/news/2014/august/buyer-must-haves/ 06 August 2014 'Clipped wings' hotspot in Solihull <p>SOLIHULL is highlighted as one of three national "clipped wings" hotspots where young working people can't afford to "fly the family nest", according to a new survey.</p> <p>Nearly half of all 20-to-34-year-olds questioned for housing charity Shelter say they live with their parents because they can't afford to rent or buy a home. The lack of affordable housing is blamed&nbsp;− and the problem is most acute in property hotspots like Solihull, where almost four in 10 (38%) young people in work still live at the family home.</p> <p>YouGov's survey findings prompt a fresh call from Shelter for politicians to invest in many more affordable homes&nbsp;− including <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> houses like the Bromford two and three-beds now being sold at <a href="/{localLink:4122}" target="_blank" title="Mulberry Gardens">Mulberry Gardens</a>, Meriden, Marston Green's <a href="/{localLink:3496}" target="_blank" title="Moat House Fields">Moat House Fields</a> or <a href="/{localLink:4081}" target="_blank" title="Aspenwood">Aspenwood</a>, Dickens Heath, near Solihull, where prices range from £62,500* (pictured below).</p> <p><img width="425" height="305" src="/media/451111/wyevale-425x305.jpg" alt="Wyevale"/></p> <p>Backing for the wider "Yes to Homes" campaign comes from Bromford Homes Head of Sales Alan Bradley, who says: "Once again, we have powerful evidence that many ordinary young people in work say they simply can't afford to leave the family home.</p> <p>"The problem is a huge gap in affordable housing supply and demand&nbsp;− and today (Thursday) we have a forecast from one of the political parties that this gap could get so big that it will be equal to the size of a city like Birmingham, or roughly 1.3 million homes. That's why Bromford supports the call&nbsp;− championed by lobby groups like the National Federation of Housing and Chartered Institute of Housing&nbsp;− for greater investment in shared ownership and other forms of affordable housing.</p> <p><img width="427" height="227" src="/media/444513/anna-kitchen-640x340_427x227.jpg" alt="Anna kitchen 640x340"/></p> <p>"We know from our experience as a shared ownership specialist for many years that our low-deposits and affordable monthly costs make all the difference to younger people who can't afford to buy on the open market.&nbsp; As a result, well over 200 homebuyers on lower incomes&nbsp;− many of them, like <a href="/{localLink:4097}" target="_blank" title="Oaklands case study">Anna Malarska</a> (pictured above) at Oaklands, Rugby, still in their 20s&nbsp;− saw their dreams come true last year when they collected the keys to a new shared ownership home with Bromford. And there's no let-up in demand this year.</p> <p>"In fact, we've got more than 20 developments across central England and have increased the number of shared ownership homes that we intend to build this year, with a revised target of around 170 completions by the end of March 2015."</p> <p><img width="429" height="228" src="/media/85190/thefarthings_640_x_340_429x228.jpg" alt="Farthings 1 640 x 340"/></p> <p>The Shelter survey comes little more than a week after a new National Association of Estate Agents report revealed that the number of <a href="/{localLink:4317}" target="_blank" title="Young buyers squeezed out">homebuyers aged 18-30 had fallen to a record low</a>&nbsp;− accounting for just 3% of June house sales&nbsp;− and the English Housing Survey reported a dramatic increase in the number of young people who've turned to private renting because they can't afford to buy. Rising property prices, stagnant pay and tougher borrowing rules are all behind the big fall in young homebuyers, according to the estate agents survey.</p> <p>* We've got just one two-bed left for sale at <a href="/{localLink:4081}" target="_blank" title="Aspenwood">Aspenwood</a> with a starting price of £62,500 for a minimum 25% share based on a full market value of £250,00 and low rent paid on the remaining 75%. The minimum deposit, assuming a 95% mortgage on the purchased share, would be £3,125.</p> <p>To find out about local <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> developments more call us on <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>.</p> /news/news/2014/july/clipped-wings-hotspot-in-solihull/ http://www.bromfordhomes.co.uk/news/news/2014/july/clipped-wings-hotspot-in-solihull/ 31 July 2014 Young buyers squeezed out <p>OUR low-cost home ownership option continues to offer affordable hope for young first-time buyers who fear being squeezed out of the property market.</p> <p>Their concerns were brought into sharp focus this week when a new report revealed that the number of homebuyers aged 18-30 had fallen to a record low&nbsp;− accounting for just 3% of June house sales&nbsp;− and again by the English Housing Survey**, which reported a dramatic increase in the number of young people who've turned to private renting because they can't afford to buy.</p> <p>Rising property prices, stagnant pay and tougher borrowing rules are all behind the big fall in young homebuyers, according to the National Association of Estate Agents*, which published figures yesterday (Monday).</p> <p>Bromford Homes Head of Sales Alan Bradley agrees. "It's a tough time for first-time buyers&nbsp;− and it's not getting any easier now that the average house price in England of just over £200,000 is roughly ten times the typical salary for a first-time buyer," he says.</p> <p>"The National Association of Estate Agents report mirrors what our own customers tell us&nbsp;− that buying a first home on the open market is out of their reach and the gap between house prices and what they can afford is getting wider.</p> <p>"The good news for them is that they have been able to make their property dream come true thanks to the low deposits and affordable monthly costs that come with <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and with our <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a> deal at <a href="/{localLink:4235}" target="_blank" title="Colliers Green Help to Buy">Colliers Green</a>.</p> <p><img width="600" height="250" src="/media/452500/colliers-3-bed-showhome-960x400_600x250.jpg" alt="ColliersGreen showhome no2 960x400"/></p> <p>"We can't help everyone, of course, but the figures speak for themselves. We've sold roughly <a href="/{localLink:4293}" target="_blank" title="Sales hit target">30 shared ownership homes</a> across central England since April and that's on the back of a <a href="/{localLink:4073}" target="_blank" title="Shared ownership sales 2013-14">record-breaking year</a>, when we achieved more than 210 sales&nbsp;− many of them to buyers in their 20s.</p> <p>"That doesn't change the very real problems that face first-time buyers but it does keep the dream alive by offering them some equally real&nbsp;− and affordable&nbsp;− hope of being able to take that crucial first step onto the property ladder in these difficult times."</p> <p>First-time buyers <a href="/{localLink:4097}" target="_blank" title="Oaklands case study">Anna Malarska</a>, 28, of Oaklands, Rugby, and <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">Thomas Turner</a>, 24, of St Mark's View, Cheltenham, are typical of Bromford Homes customers who've seen their property dreams come true. Both praise shared ownership and recommend the unique part-buy, part-rent formula to other first-time buyers who, like them, can't afford open-market prices.</p> <p><img width="600" height="250" src="/media/444488/anna-with-keys-960x400_600x250.jpg" alt="Anna keys 960x400"/></p> <p>"<a href="/{localLink:1446}" target="_blank" title="Shared ownership">Shared ownership</a> is the perfect solution for first-time buyers like me who can't afford a big deposit or a big mortgage but want to get on the property ladder and invest in their future," says Anna, pictured above. "We love our Bromford home and we love the area... and it's cheaper for me than the house I was renting before."</p> <p>First-time buyers Dan Bailey and Kate Fry, both 22, are equally enthusiastic about our second affordable homebuyer option, <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a>, on offer&nbsp;− alongside shared ownership&nbsp;− only at our <a href="/{localLink:4235}" target="_blank" title="Colliers Green Help to Buy">Colliers Green</a> development between Nuneaton and Coventry.</p> <p>"Home ownership gives us more security than we had as tenants, something that we can call our own," says Kate, pictured below with partner Dan and son Liam. "This way we are investing in the future for Liam − and living in a lovely, comfortable, modern home that's so much better than anything we lived in before... and cheaper than private renting. We're happy with our home − and with the shared equity deal."</p> <p><img width="600" height="250" src="/media/467862/dan-family960garden_600x250.jpg" alt="Dan&amp;family 960garden"/></p> <p>* The NAEA analysed home purchases in June and tracked the percentage of buyers that fell into each age group. Their results show that just 3% were ageed 18-30, nearly half (48%) were aged 31-40, 39% were aged 41-55, and 10% were 56 and over. ** <a href="http://www.bbc.co.uk/news/business-28439024" target="_blank">English Housing Survey key findings</a>.</p> <p>To find out more about low-cost home ownership and how it could make YOUR property dream come true, call one of our expert advisors on <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a> and <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a>.</p> /news/news/2014/july/young-buyers-squeezed-out/ http://www.bromfordhomes.co.uk/news/news/2014/july/young-buyers-squeezed-out/ 22 July 2014 Colliers Green shared equity case study <p>BROMFORD'S low-cost <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">shared equity</a> deal made the home ownership dream come true for one young working couple at <a href="/{localLink:4235}" target="_blank" title="Colliers Green Help to Buy">Colliers Green</a>.</p> <p>Like many 20-somethings, Dan Bailey and Kate Fry wanted to buy because they felt it would offer them and their two-year-old son Liam a better quality of life and a greater sense of security for the future.</p> <p>They also felt that the three years of rent they had paid to a private landlord was "dead money".</p> <p>At first, their property-buying dream seemed frustratingly out of reach with mortgage lenders demanding huge deposits that would take the couple many years of hard saving&nbsp;− and a fear that the figure would get bigger and bigger each year at a time of fast-rising property prices.</p> <p>That gloomy prospect changed when they found out about the Help to Buy shared equity route to home ownership, googled it&nbsp;− and found our Colliers Green development at New Arley, between Nuneaton and Coventry.</p> <p><img width="600" height="250" src="/media/452500/colliers-3-bed-showhome-960x400_600x250.jpg" alt="ColliersGreen showhome no2 960x400"/></p> <p>"This was the answer to our problem. With shared equity, we were able to buy our new Bromford home for just 80% of it purchase price&nbsp;− and yet the home is 100% ours from Day One," says 22-year-old delivery driver Dan (pictured below with Kate and Liam)</p> <p>"With shared equity you pay just 5% deposit and that made all the difference for us. Lenders told us they would expect a deposit of at least 10% plus fees&nbsp;− and a much higher monthly payment than we could afford.</p> <p>"We would recommend shared equity to other first-time buyers who, like us, simply can't afford to buy on the open market. It's an affordable way to get on the property ladder."</p> <p><img width="599" height="318" src="/media/467847/dan-family640doorstep_599x318.jpg" alt="Dan&amp;family 640doorstep"/>&nbsp;</p> <p>Partner Kate nods in agreement and looks in the direction of their son. "We'd been talking about buying for a while having lived in private rented housing for a couple of years," says the 22-year-old deputy manager of a day nursery.</p> <p>"Home ownership gives us more security than we had as tenants, something that we can call our own. This way we are investing in the future for Liam&nbsp;− and living in a lovely, comfortable, modern home that's so much better than anything we lived in before. We're happy with our home&nbsp;− and with the shared equity deal."</p> <p>Dan and Kate also say that they pay around £60 a month LESS in shared equity mortgage costs than they did in rent to their private landlord. And that's not all. Early signs since their April move suggest their utility bills will be lower too because, like all new Bromford homes, their house has energy-efficient double glazing and insulation as well as a new energy-efficient boiler.</p> <p><img width="599" height="318" src="/media/467857/dan-family-640garden_599x318.jpg" alt="Dan&amp;family 640garden"/>&nbsp;</p> <p>Bromford Homes Head of Sales Alan Bradley says: "We're delighted to hear that Dan and Kate are happy with their new Bromford home&nbsp;− and with our low-cost shared equity deal.</p> <p>"It's ideal for first-time buyers who find that open-market property prices&nbsp;− and especially the deposits&nbsp;− are out of their financial reach and they can't turn, like some young buyers, to what's now widely known as the Bank of Mum &amp; Dad.</p> <p>"With shared equity, you own 100% of your new home with a 75% mortgage&nbsp;− plus your 5% deposit. So you pay just 80% of the purchase price now. No rent is payable on the other 20% and no interest either for the first five years.</p> <p>"This is what makes all the difference for first-time buyers like Dan and Kate, what makes it possible for them to take that first step onto the property ladder at a price they can afford."</p> <p>To find out more about <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">shared equity</a> at <a href="/{localLink:4235}" target="_blank" title="Colliers Green Help to Buy">Colliers Green</a> and how it could make YOUR property dream come true, call one of our expert advisors on <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a> and <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a>.</p> /news/news/2014/july/colliers-green-shared-equity-case-study/ http://www.bromfordhomes.co.uk/news/news/2014/july/colliers-green-shared-equity-case-study/ 15 July 2014 Oaklands half gone <p>OUR super shared ownership family homes at <a href="/{localLink:3070}" title="Oaklands, Rugby">Oaklands</a>, Rugby, are such a big hit with local first-time buyers that we've hit the half-sold milestone.</p> <p>Seven homes have now been snapped up by eager homehunters who love the great build quality, long list of features and truly affordable prices that start from as little as £78,750* with a minimum deposit of £3,938*.</p> <p>Demand for this second phase of <a href="/ways-to-buy/shared-ownership/">shared ownership</a> development is so strong that other would-be buyers are encouraged to move fast and pay a visit to our Goldcrest view home if they want their pick of the remaining plots.</p> <p><img width="600" height="250" src="/media/340423/960x400-oaklands_600x250.jpg" alt="Oaklands 960x400"/></p> <p>"These homes are ideal for young local families who want a home they can call their own but can't afford to buy on the open market," says Bromford Homes Head of Sales Alan Bradley.</p> <p>"They've got everything going for them&nbsp;− low deposits, great build quality and a family-friendly layout with all the features you could wish for in a smart, modern house (pictured above) and all in a great location. We're not surprised that buyers are snapping them up - especially now that our view home is open five days a week.</p> <p>"Hitting the half-sold mark means there are just seven more opportunities for first-time buyers to make their property dream come true at around less than half the price it would cost to buy a similar home on the open market."</p> <p><img width="600" height="250" src="/media/444488/anna-with-keys-960x400_600x250.jpg" alt="Anna keys 960x400"/></p> <p>His enthusiasm for&nbsp;Oaklands homes and the part-buy, part-rent route to home ownership is shared by first-time buyer Anna Malarska, who moved into a two-bed house built during last year's first phase.</p> <p>"Shared ownership is the perfect solution for first-time buyers like me who can't afford a big deposit or a big mortgage but want to get on the property ladder and invest in their future," says Anna (pictured above) who moved in with son William last July. "We love our home and we love the area... and it's cheaper for me than the house I was renting before."</p> <p>Our Oaklands demo home is open Thursday-Monday from 10am to 4.30pm. You can get driving directions <a href="/{localLink:3075}" title="Map and Directions">here</a> and learn more about <a href="/ways-to-buy/shared-ownership/">shared ownership</a> by calling us on 0845 60 10 878. You an also register for updates or keep in touch by following us on <a href="https://twitter.com/BromfordHomes">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes">Facebook</a>.</p> <p>* £78,750 buys 45% of a three-bed with a full market value of £175,000. Your minimum deposit would be £3,938, assuming a 95% mortgage on the share you buy.</p> <p><em>This is an updated version of a story that first appeared on June 17.</em></p> /news/news/2014/july/oaklands-half-gone/ http://www.bromfordhomes.co.uk/news/news/2014/july/oaklands-half-gone/ 11 July 2014 Colliers Green £1,500 incentive <p><img width="320" height="230" src="/media/376147/bourne-425x305_320x230.jpg" alt="The Bourne 425 x 305" style="width: 272px; height: 227px; float: left;"/>BUY a great low-cost home at <a href="/{localLink:2829}" target="_blank" title="Colliers Green"><strong>Colliers Green</strong></a> and get a scorching summer incentive that will put up to £1,500 back in your pocket.</p> <p>The beautiful development of two and three bed homes in nestled in beautiful New Arley in&nbsp;North Warwickshire, offering stunning countryside surrounds without being far from urban towns like Nuneaton.</p> <p>All Colliers Green homes come complete with fully-fitted kitchen, oven, hob and extractor and french doors to rear garden, downstairs cloakroom, full gas-fired central heating, double glazing and high-performance insulation throughout. You also get allocated parking, turfed rear gardens and a 10-year New Home warranty.</p> <p>We're also offering&nbsp;the choice of THREE great deals to every customer who buysone of these luxury homes before the end of August using either our <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">Help to Buy</a> or <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> schemes.</p> <ul> <li><strong><img width="346" height="229" src="/media/460528/8205659-interior03-max_346x229.jpg" alt="KITCHEN" style="float: right;"/>CHOICE 1</strong> is £1,500 cashback when you complete on your purchase.</li> <li><strong>CHOICE 2</strong> is free fitted carpets throughout.</li> <li><strong>CHOICE 3</strong> is your choice of electrical goods worth up to £1,500 from one of the UK's leading retailers. It could be a wide-screen TV, games console, fridge and dish washer&nbsp;− or any other combination. The mix is up to you!</li> </ul> <p>It's a super summer incentive that makes a low-cost Colliers Green homebuyer deal even better. All you have to do is take your pick from the remaining two and three-bed plots, put down your £500 deposit before the end of July&nbsp;− and, of course, complete on your purchase.</p> <?UMBRACO_MACRO macroAlias="umbracoContour.RenderForm" formguid="809cae96-99c3-46b5-b9bd-c8c9a5e68eab" /> <p>&nbsp;</p> <p>Our fully furnished three-bed showhome (below) is open Thursday-Monday, from 10am to 5pm&nbsp;− and one just like it could be yours for as little as £61,650 through part-buy, part-rent, also known as shared ownership. That's enough to buy a minimum 45% of this well-equipped family home&nbsp;− and your minimum deposit could be just £3,083.</p> <p>Or you could opt for our second affordable option&nbsp;− equity loan&nbsp;− available only here at Colliers Green. Find just 5% for your deposit and get a 20% loan, interest free for five years.</p> <p>We'll offer you expert advice on which choice works best for you and your finances.</p> <p><img width="600" height="250" src="/media/467485/cg-showhome2-bedroom_600x250.jpg" alt="CG showhome2 bedroom"/></p> <p>Bromford Homes Head of Sales Alan Bradley urges local buyers to be quick off the blocks, saying: "This is an amazing deal for first-time buyers but the clock is ticking so visit our showhome and see what you're missing.</p> <p>"Half the homes here have already been sold and you've got to reserve one of the remaining plots by the end of July if you want to bag this special incentive.</p> <p>"It's all about great value and great choice here at Colliers Green (pictured above). You can choose the way you buy and you can choose from three options that will put up to £1,500 back into your pockets."</p> <p>To find out more, call Bromford Homes on <strong>0845 60 10 878</strong> or our showhome on <strong>01676 542456</strong>. You keep also keep up to date by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/july/colliers-green-£1,500-incentive/ http://www.bromfordhomes.co.uk/news/news/2014/july/colliers-green-£1,500-incentive/ 09 July 2014 Greyfriars TV offer <p>SWITCH on to <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> with our property of the week at Lichfield's <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a> and you could be turning on a new 40in TV when you move in.</p> <p>Yes, we're offering a free telly worth around £300 to the shared ownership buyer who reserves Plot 3 - the last one left - by the end of July. Then you can settle down in your fabulous two-bed apartment in time to enjoy big sporting events like this summer's Commonwealth Games and all your usual shows.</p> <p>And, of course, if you don't want the TV you can have up to £300 to spend at one of the UK's biggest electrical retailers. It could be a fridge, a games console or anything else you need to help kit out your affordable new home. Contact our sales team to book a viewing today <strong>0845 6010 878</strong>.</p> <p>The Greyfriars House apartments are finished to a high specification and will include central heating, double glazing, fitted kitchens with oven, hob, extractor hood, bathroom with shower, fitted carpets and allocated parking. You can view more information about this fantastic Lichfield home <a href="/{localLink:2952}" title="Greyfriars House">here</a>.</p> <p>It offers you a chance to sample modern living in this historic city and enjoy a taste of café culture lifestyle. Lichfield Cathedral and Minster Pool is just around the corner, the Garrick Theatre is close by, Beacon Park is near at hand - and so are all the usual high street shops, bars and cafes. In short it's convenience itself.</p> <p>It all adds up to an opportunity too good to miss.</p> <p>Plot 3 is the last one left at Greyfriars House and it could be yours for as little as £53,725*. That's enough to buy a minimum 35% of this well-equipped apartment&nbsp;− and your minimum deposit could be just £2,687*. The price includes a long list of high-quality features that come as standard with all new Bromford homes PLUS a free dishwasher and free fitted carpets throughout.</p> <p>It's a great summer0 incentive that makes a great Greyfriars House deal even better for one lucky first-time buyer.</p> <p>Bromford Homes Head of Sales Alan Bradley urges local buyers to be quick off the blocks, saying: "This is an amazing deal for one lucky buyer but the clock is ticking because you've got to reserve Plot 3 by the end of July if you want to bag this special incentive for our Property of the Week.</p> <p>"My choice would be the TV&nbsp;− especially with the Commonwealth Games coming up&nbsp;− but of course it's up to the customer to choose."</p> <p>To book a viewing, call us on <strong>0845 60 10 878</strong>.</p> <p>* £53,725 buys a minimum 35% share of a two-bed <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a> apartment with a full market value of £153,500. Your minimum deposit would be £2,687 assuming a 95% mortgage on the share you buy.</p> /news/news/2014/july/greyfriars-tv-offer/ http://www.bromfordhomes.co.uk/news/news/2014/july/greyfriars-tv-offer/ 07 July 2014 Sales hit target <p>BUYER demand for <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> remains strong as the squeeze on lower-income earners makes it harder for many of you to buy a first home on the open market.</p> <p>That's the verdict from Bromford Homes Head of Sales Alan Bradley after a target-hitting first quarter of completions that saw 27 buyers step onto the property ladder at an affordable price. That includes 10 completions during June, with singletons, couples and families moving in at developments that range from Lichfield's <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a> apartments to family houses at Minstrel Park, Stratford-upon-Avon.</p> <p>"Rising property prices are making things more and more difficult for first-time buyers and, in many cases, are pushing the traditional homebuyer dream ever further from their reach," says Alan.</p> <p>"This problem is felt most in rural communities or popular towns and cities like Lichfield and Stratford, where property prices are particularly high and average earnings relatively low. Shared ownership continues to offer affordable hope for many of these buyers&nbsp;− people on lower incomes who simply cannot afford to buy a home on the open market.</p> <p>"Our secret is shared ownership's part-buy, part-rent formula which means deposits are low&nbsp;− typically from around £3,000* to just over £4,500** for an average share. So are the total monthly costs&nbsp;− <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">less on average than you would pay to rent</a> a similar home from a private landlord.</p> <p><img width="600" height="250" src="/media/189534/lifestyle_1__960x400__600x250.jpg" alt="homepage banner couple"/></p> <p>"Buying a shared ownership home is also more secure than private renting - and customers with families and other strong local connections tell us that this is very important to them.</p> <p>"These are the three major reasons why people keep saying a big YES to shared ownership and why we'll be building around 170 new affordable homes for buyers across central England this year."</p> <p>New Bromford shared ownership homes are taking shape at <a href="/{localLink:1182}" target="_blank" title="Find a home">19 developments</a> in the Black Country, Birmingham and Solihull, Buckinghamshire, Coventry and Warwickshire, Gloucestershire, Northamptonshire, Staffordshire, Telford and Shropshire.</p> <p>More developments are in the pipeline and it's a good idea to <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> so that you'll know as soon as another one is added to our "coming soon" list or when homes become available. You can also call us on <strong>0845 60 10 878</strong> or follow us on <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a> and <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> to keep up to date with all the latest development news.</p> <p>* £61,650 buys a typical 45% of a three-bed home with a full-market value of £137,000 at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, New Arley. Your minimum deposit on that share, assuming a 95% mortgage, would be just £3,083. ** £94,000 buys a typical 40% share of a three-bed Bishopstone with a full market value of £235,000 at <a href="/{localLink:3977}" target="_blank" title="Foxlow Grange">Foxlow Grange</a>, Aylesbury, and a minimum deposit of just £4,700 assumes a 95% mortgage on the share you buy.</p> /news/news/2014/july/sales-hit-target/ http://www.bromfordhomes.co.uk/news/news/2014/july/sales-hit-target/ 02 July 2014 Tansey Green open day <p>A WARM welcome&nbsp;− and two affordable family homes&nbsp;− are waiting for first-time buyers who join us on Saturday for our special <a href="/{localLink:3076}" target="_blank" title="Tansey Green">Tansey Green</a> open day.</p> <p>We're rolling out the welcome mat so that Black Country homehunters can see the family-friendly layout of our three-bed <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes, great build quality and the long list of features that come as standard&nbsp;− and all for as little as £75,375*.</p> <p>That's enough to buy a typical 45% share of a three-bed Langstone or Merryfield home through our low-cost part-buy, part-rent scheme aimed at first-time buyers who can't afford to buy a home on the open market.</p> <p>Bromford Homes Head of Sales Alan Bradley urges local homehunters to grab this low-cost opportunity to get on the local property ladder&nbsp;− with a minimum deposit that could as little as £3,769*. And if you reserve before the end of July we'll give you free fitted carpets throughout.</p> <p>His advice to Black Country buyers? "Don't miss this unique opportunity to make your property dream come true.&nbsp;We've got just two of these low-cost family homes (pictured below) here at Tansey Green&nbsp;− and when they're gone, they're gone," says Alan.</p> <p><img width="600" height="250" src="/media/441282/tansey-green-3-bed-x960_600x250.jpg" alt="Tansey Green three-bed"/></p> <p>"With our great prices, great build quality and long list of features that come as standard, you really can't buy better than a Bromford home. My advice is to make a viewing appointment and join us on Saturday so that you can see for yourselves and find out how little it can cost you.</p> <p>"With popular shared ownership, your minimum deposit can be well under £4,000* for a typical share and your monthly cost will be less than it would cost you to rent a similar home from a private landlord."</p> <p>Our Tansey Green view homes&nbsp;− halfway between Pensnett and Kingswinford&nbsp;− will be open on Saturday (July 5) from 10am to 5pm.</p> <p>To book a viewing, call us on <strong>0845 60 10 878</strong>. You an also <a href="/contour-forms/register-for-updates/">register for updates</a> or keep in touch by following us on <a href="https://twitter.com/BromfordHomes">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes">Facebook</a>.</p> <p>* £75,3750 buys a typical 45% share of a three-bed home with a full market value of £167,500. Your minimum deposit would be £3,769 assuming a 95% mortgage on the share you buy.</p> /news/news/2014/july/tansey-green-open-day/ http://www.bromfordhomes.co.uk/news/news/2014/july/tansey-green-open-day/ 02 July 2014 Rural housing crisis <p>BROMFORD Homes is backing the call for more affordable home building in villages and market towns as a new statistical snapshot highlights the worsening plight of rural first-time buyers and other households.</p> <p>Their struggle is brought into sharp focus by National Housing Federation figures&nbsp;− released to mark the start of Rural Housing Week&nbsp;− that show our countryside has some of the least affordable places to live in.</p> <p>Average house prices in rural areas are said by the NHF to be 11 times the average salary, pay rises are lower than average and there's a serious shortage of local affordable housing. It's a budget-breaking mix that is pushing many younger people and families out of their countryside communities because they simply can't afford to buy or rent a local home.</p> <p>The rural housing problem is a familiar one for Alan Bradley, Head of Sales for Bromford Homes, which helped well over 200 lower-income buyers to get onto the property ladder last year and has just reported a successful first quarter of 2014-15 with another 27 completions.</p> <p><img width="599" height="333" src="/media/349884/bugbrooke34-612x340_599x333.jpg" alt="Bugbrooke 4"/></p> <p>"The NHF figures make grim reading for anyone under the age of 40 who wants a home they can call their own in a typical village like Bugbrooke (pictured above) or market town&nbsp;− and very much reflects what rural first-time buyers across central England tell us," says Alan.</p> <p>"We support the call for a sensible increase in the amount of affordable home building and share the NHF view that this is the way to end the rural housing crisis.</p> <p>"As a shared ownership specialist, Bromford Homes is proud to play its part in delivering more affordable homes in villages and market towns&nbsp;− and urban areas, of course. In the first three months of this year, we've already handed over the keys to buyers in several rural communities that range from <a href="/{localLink:3046}" target="_blank" title="Church Fields">Bugbrooke</a> in Northamptonshire and <a href="/{localLink:2829}" target="_blank" title="Colliers Green">New Arley</a> in Warwickshire to <a href="/{localLink:3861}" target="_blank" title="Pennylands">Winchcombe</a> (pictured below) in the Cotswolds.</p> <p><img width="600" height="250" src="/media/416152/spoonley-pennylands-960_600x250.jpg" alt="Pennylands 960"/></p> <p>"The good news for now is that we're already building many more shared ownership homes&nbsp;− with prices that start from £67,275* for a three-bed house at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> (pictured below) in New Arley, or £90,000** for a two-bed at <a href="/{localLink:4122}" target="_blank" title="Mulberry Gardens">Mulberry Gardens</a> in the Solihull village of Meriden&nbsp;− and plan to build many more in the future."</p> <p><img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/></p> <p>The rural statistics were <a href="http://www.housing.org.uk/media/press-releases/want-to-buy-a-house-in-the-country" target="_blank">launched yesterday</a> (Monday) with NHF chief executive David Orr saying: "We know how difficult many under-40s are finding it to afford a home in towns and cities, but it's becoming impossible for people to put down roots in our villages and market towns.</p> <p>"We are not talking about concreting over the countryside. It's not ruining the countryside to build 10 high-quality, affordable new homes in our villages and 50 in market towns. That's all it would take across the land to end the rural housing crisis and help to solve the country's housing crisis within a generation."</p> <p>* £61,650 buys a typical 45% share of a three-bed home with a full market value of £137,000 at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, New Arley. Your minimum deposit would be £3,083 assuming a 95% mortgage on the share you buy. ** £90,000 buys a 45% share of a two-bed home with a full market value of £200,000 at <a href="/{localLink:4122}" target="_blank" title="Mulberry Gardens">Mulberry Gardens</a>, Meriden. Your minimum deposit would be £4,500 assuming a 95% mortgage on the share you buy.</p> /news/news/2014/july/rural-housing-crisis/ http://www.bromfordhomes.co.uk/news/news/2014/july/rural-housing-crisis/ 01 July 2014 Five steps to becoming a BBQ master <p><strong>With blazing hot sun and not a cloud in the sky, summer is well and truly upon us, and so as a nation we can officially declare BBQ season has begun.</strong></p> <p>We Brits already have a reputation for being the Kings and Queens of charcoal, beating off our European counterparts by rustling up a whopping 120 million barbecues a year.</p> <p>On average, grill staticians have worked out we host about nine BBQs each per year and two in three households now own a BBQ grill!</p> <p>Of course, with every Bromford Home coming fully turfed when you move in, you've got no reason not to get the invites out, stock up your food and cross your spatulas in the hope the British weather holds.</p> <p>To give you a helping hand getting your BBQ all fired up, we've pulled some top tips. Feel free to share your own with us on <a href="http://www.facebook.com/bromfordhomes">Facebook</a> and <a href="http://www.twitter.com/bromfordhomes">Twitter</a>.&nbsp;</p> <p>&nbsp;</p> <h3>1.Get the BBQ prepared&nbsp;</h3> <p><img width="600" height="335" src="/media/463091/baste-grill_600x335.jpg" alt="Baste Grill"/></p> <p>It might sound strange but before your burgers touch the grill, you'll need to do some preparation of your BBQ.</p> <p>First off, bring it up to the highest temperature for one hour to 'cure' any imperfections in BBQ. Then, as it cools down (but is still warm), rub some cooking oil around the inside to seal the deal.&nbsp;</p> <p>&nbsp;</p> <h3>2.Get the garden ready</h3> <p><img src="http://s3-ec.buzzfed.com/static/enhanced/webdr06/2013/7/16/12/enhanced-buzz-25820-1373993253-18.jpg" style="display: block; margin-left: auto; margin-right: auto;"/></p> <p>It's all well and good being the master of the meat, but if you haven't got your venue ready your party will flop. To be a good host, you'll need to ensure you've got everything covered, including the seats.&nbsp;</p> <p>For a quick seating area, throw out some rugs, or why not invest in some&nbsp;garden beanbags&nbsp;(which can be used indoors too). Also remember your drinks area - make it easy for people to serve themselves so you can concentrate on what's cooking.&nbsp;</p> <p>You can also put tealights in an old jar, or something like an <a href="http://www.ikea.com/gb/en/catalog/products/50081452/" target="_blank">IKEA Burken</a>, to create great mood lighting around the garden.&nbsp;</p> <p>&nbsp;</p> <h3>3. It aint a party without the drinks</h3> <p><img width="600" height="335" src="/media/463096/drinks_600x335.jpg" alt="Drinks"/></p> <p>To keep your drinks cool, why not use water balloons in a vase? Sounds crazy but it works! Or alternatively...</p> <ol> <li>Fill a bucket with ice.</li> <li>Fil the bucket with cold water to cover the ice.</li> <li>Add two handfuls of salt.</li> <li>Leave your drinks in the bucket for 20 minutes and voila, quick chilled drinks.&nbsp;</li> </ol> <p>The <a href="http://www.bbcgoodfood.com/recipes/collection/summer-drink" target="_blank">BBC have some fantastic drinks</a> you can pull together for your summer soiree, like a Michelada (a mexican beer cocktail) or homemade elderflower cordial.&nbsp;</p> <p>&nbsp;</p> <h3>4. Time to get the meat on the Barbie</h3> <p><img width="600" height="335" src="/media/463101/meat_600x335.jpg" alt="Meat"/></p> <p>There are so many good recipies out there, we couldn't list them all, but a great place to start your BBQ pilgrimage is with DJ BBQ. Christian Stevenson holds legendary status on the grill circuit (yes there is such a thing) and his <a href="https://www.youtube.com/user/raduk8" target="_blank">Youtube Channel</a> holds a host of culinary delights.&nbsp;</p> <p>Whenever you're cooking on a BBQ, don't forget basic tips like basting to keep moisture in, or marinating meat overnight in a sealed sandwich bag (or something similar). Country Living magazine have <a href="http://www.countryliving.com/cooking/about-food/top-10-grilling-tips-0708#slide-1" target="_blank">10 tips for getting the best from your meat.</a></p> <p>Finally, leave the meat alone! If you keep turning, twisting and prodding your meat, it'll never cook properly. Wait for the meat to sear with clear grill lines, then give it a flip.&nbsp;</p> <p>&nbsp;</p> <h3>5. It's not all about the meat</h3> <p><img src="http://ecoki.com/wp-content/uploads/grilled-pizza.jpg" style="display: block; margin-left: auto; margin-right: auto;"/></p> <p>There's so much more you can cook on a BBQ than meat, so let your imagination run wild.&nbsp;</p> <p>For example, you can actually cook traditional Italian pizza right on the grill and it's <a href="http://www.wikihow.com/Cook-Pizza-on-a-Barbecue" target="_blank">REALLY SIMPLE!</a></p> <p>And as for vegetables, Buzzfeed have pulled together this great list of <a href="http://www.buzzfeed.com/katienotopoulos/36-things-you-didnt-know-you-could-grill" target="_blank">36 things to grill other than a burger.</a>&nbsp;</p> <p>&nbsp;</p> <h3><strong>AND THAT'S IT, YOU'RE NOW A BBQ MASTER...</strong></h3> <p>&nbsp;</p> /news/news/2014/june/five-steps-to-becoming-a-bbq-master/ http://www.bromfordhomes.co.uk/news/news/2014/june/five-steps-to-becoming-a-bbq-master/ 26 June 2014 Part-buy vs private rented <p>SHARED ownership buyers tell us they are better off and feel more secure than they did when they were renting from private landlords.</p> <p>Their verdicts are revealed in our series of <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">case study</a> interviews and, according to Bromford Homes Head of Sales Alan Bradley, those views reflect the wider feedback from <a href="/{localLink:4073}" target="_blank" title="Shared ownership sales 2013-14">200-plus customers</a> who became <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> buyers last year.</p> <p>Shared ownership's part-buy, part-rent formula offers couples, young families and other householders a truly affordable alternative to private renting, he says&nbsp;− and more people on lower working incomes could consider it as a way of getting onto the property ladder.</p> <p>His advice to first-time buyers follows publication of a new <a href="http://www.insidehousing.co.uk/tenancies/nearly-40-of-private-renters-fear-having-to-move-due-to-rising-costs/7004287.article" target="_blank">Chartered Institute of Housing (CIH) survey</a> that highlights the difficult plight for many private renters&nbsp;− and the screening of a BBC <a href="http://www.bbc.co.uk/iplayer/episode/b0483md8/panorama-britains-homeless-families" target="_blank"><em>Panorama</em> documentary</a> that showed how easily tenants can be asked to leave their home at the end of a typical six-month lease.</p> <p>More than a quarter of those living in the private rented sector told the CIH/Ipsos Mori that their home was too expensive&nbsp;− compared to an average of 10%&nbsp;− and the survey showed private renters are almost twice as likely to be unhappy with the state of their home.</p> <p>"These findings confirm what many of our customers tell us about their negative experiences in the private rented sector as well as what we've been shown in a series of independent cost comparisons," says Alan.</p> <p><img width="600" height="250" src="/media/340423/960x400-oaklands_600x250.jpg" alt="Oaklands 960x400"/></p> <p>"There are three main issues&nbsp;− affordability, a sense of security and the condition of people's homes. In each case, a new shared ownership home like those at <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a> in Rugby (pictured above) is likely to offer a better alternative to private renting for anyone who can afford a typical deposit of say £3,000-£4,000*.</p> <p>"Your new shared ownership home will be built to a high quality and it will come with all mod cons including a fully-fitted kitchen with hob and oven, fuel-efficient heating and double glazing&nbsp;− all of which will help to keep down fuel bills.</p> <p>"Shared ownership is also a more secure form of tenure than private renting&nbsp;− and that's so important for young families with school-age children and local jobs, people who don't want to keep moving from home to home every six months or so at the whim of a private landlord.</p> <p>"Last but not least, shared ownership is affordable. Crucially, for many first-time buyers, the deposits are low&nbsp;− just £3,364 if you buy 45% of a three-bed at somewhere like <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> in north Warwickshire&nbsp;− and your TOTAL monthly housing costs are likely to be less than what you would pay for a similar home in the private rented sector."</p> <p><img width="600" height="250" src="/media/417903/smv-thomast-case-study-keys_600x250.jpg" alt="Thomas Turner with keys"/></p> <p>Alan cites recent independent cost comparisons published by <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">HomeFocus magazine</a>, the CIH and the National Housing Federation&nbsp;− all of which prove that shared ownership is typically cheaper. He also points to buyers like Thomas Turner at St Mark's View, Cheltenham, or Anna Malarska at Rugby's Oaklands − one of our most popular shared ownership developments in 2013-14, with a <a href="/{localLink:4234}" target="_blank" title="Oaklands nearly half sold">second phase now almost half-sold</a>.</p> <p>Thomas (pictured above) urges other young renters to give shared ownership a go, saying: "It's ideal for first-time buyers like me … overall, I know I pay less each month than friends in the Cheltenham area who rent apartments and, unlike me, they are not going to get anything back over time."</p> <p>It's a similar story at Oaklands, where mum Anna (pictured below) moved into a two-bed home with son William last July. "Shared ownership is the perfect solution for first-time buyers like me who can't afford a big deposit or a big mortgage but want to get on the property ladder and invest in their future," she says. "We love our home and we love the area... and it's cheaper for me than the house I was renting before."<br /> <br /> &nbsp;<img width="599" height="318" src="/media/444513/anna-kitchen-640x340_599x318.jpg" alt="Anna kitchen 640x340"/><br /> <br /> Alan's parting message to other householders who want to follow in the footsteps of Anna and Thomas? "Call us now and find out how shared ownership could unlock your property dream," he says.</p> <p>"We are not saying it's the answer for everyone&nbsp;− and the larger housing crisis will only be eased by building many more homes where people want to live&nbsp;− but affordability has always been the cornerstone of what we offer. As a potential buyer, you will, of course, need some savings and be able to prove to us&nbsp;− and your mortgage lender&nbsp;− that you can afford what is almost certainly the biggest single financial commitment you will ever make."</p> <p>"We always work closely with all our customers to make sure that they only buy what they can afford and the success of the process can probably be best measured by what buyers like Anna and Thomas have to say about their experience."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:1182}" target="_blank" title="Find a home">developments in YOUR area</a>, call us on <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep up to date by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* Example. At <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a>, £78,750 buys 45% of a three-bed with a full market value of £175,000. Your minimum deposit would be £3,938, assuming a 95% mortgage on the share you buy.</p> /news/news/2014/june/part-buy-vs-private-rented/ http://www.bromfordhomes.co.uk/news/news/2014/june/part-buy-vs-private-rented/ 25 June 2014 Oaklands nearly half sold <p>OUR super shared ownership family homes at <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a>, Rugby, were a big hit with local first-time buyers who joined us for a special weekend open house.</p> <p>Two more three-beds were snapped up by eager homehunters who loved the great build quality, long list of features and truly affordable prices that start from as little as £78,750* with a minimum deposit of £3,938*.</p> <p>Demand is so strong that this second phase of <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> development is now almost half-sold and other would-be buyers are encouraged to move fast and pay a visit to our Goldcrest view home if they want their pick of the remaining plots.</p> <p>"These homes are ideal for young local families who want a home they can call their own but can't afford to buy on the open market," says Bromford Homes Head of Sales Alan Bradley.</p> <p>"They've got everything going for them - low deposits, great build quality and a family-friendly layout with all the features you could wish for in a smart, modern house (pictured below) and all in a great location.</p> <p><img width="600" height="250" src="/media/444225/oaklands-goldcrest-960x400_600x250.jpg" alt="Oaklands Goldcrest 960x400"/></p> <p>"We're not surprised that buyers are snapping them up and we expect another flurry of reservations now that our view home is open five days a week. One more reservation and this phase will be half sold, leaving just seven more opportunities to make that property dream come true at around less than half the price it would cost to buy a similar home on the open market."</p> <p>His enthusiasm for&nbsp;Oaklands homes and the part-buy, part-rent route to home ownership is shared by first-time buyer Anna Malarska, who moved into a two-bed house built during last year's first phase.</p> <p>"Shared ownership is the perfect solution for first-time buyers like me who can't afford a big deposit or a big mortgage but want to get on the property ladder and invest in their future," says Anna (pictured below) who moved in with son William last July. "We love our home and we love the area... and it's cheaper for me than the house I was renting before."</p> <p><img width="600" height="250" src="/media/444488/anna-with-keys-960x400_600x250.jpg" alt="Anna keys 960x400"/></p> <p>Our Oaklands demo home is open Thursday-Monday from 10am to 4.30pm. You can get driving directions <a href="/{localLink:3075}" target="_blank" title="Map and Directions">here</a> and learn more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> by calling us on <strong>0845 60 10 878</strong>. You an also register for updates or keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* £78,750 buys 45% of a three-bed with a full market value of £175,000. Your minimum deposit would be £3,938, assuming a 95% mortgage on the share you buy.</p> /news/news/2014/june/oaklands-nearly-half-sold/ http://www.bromfordhomes.co.uk/news/news/2014/june/oaklands-nearly-half-sold/ 17 June 2014 Affordable homes for Northants <p>OUR low prices are unlocking the home ownership dream for first-time buyers who can't afford open-market property purchase in rural communities across Northamptonshire.</p> <p>The secret? <a href="/{localLink:1446}" target="_blank" title="Shared ownership">Shared ownership's</a> part-buy, part-rent formula, which means you can afford to buy a home of your own at <a href="/{localLink:3484}" target="_blank" title="Countess Manor">Countess Manor</a>, Moulton, just outside Northampton, for as little as £59,000* with a minimum deposit of just £2,950.</p> <p>We've got more great prices at three other sought-after villages in the county and in most cases homehunters with local connections get first priority.</p> <p>For instance, you can get onto the property ladder at <a href="/{localLink:3995}" target="_blank" title="Saxon Rise">Saxon Rise</a>, Brixworth&nbsp;− another village just outside Northampton&nbsp;− for as little as £65,250** and a two-bed home (pictured below) at <a href="/{localLink:3046}" target="_blank" title="Church Fields">Church Fields</a>, Bugbrooke, could be yours for just £68,000***.</p> <p><img width="600" height="250" src="/media/416142/everdon-churchfields-960_600x250.jpg" alt="Church Fields 960"/></p> <p>Equally affordable shared ownership purchase prices can be found at <a href="/{localLink:3955}" target="_blank" title="Becket Manor">Becket Manor</a>, Deanshanger&nbsp;− just inside the Northants border, near Milton Keynes&nbsp;− where you can buy 40% of a two-bed home for just £74,000 with a minimum deposit of £3,700****.</p> <p>Many of these affordable homes have already been snapped up and Bromford Homes Head of Sales Alan Bradley advises other rural homehunters to be quick or miss out on the remaining houses.</p> <p>"These low purchase prices and deposits explain why so many first-time buyers in Northants and other parts of central England are saying a big YES to shared ownership," says Alan.</p> <p>"Our high-quality, low-cost homes are ideal for people in and around these popular villages &nbsp;− people who want to stay in the place where they've got family and friends but can't afford to buy on the open market.</p> <p>"Well the good news is that shared ownership really can&nbsp;− and does&nbsp;− unlock the door to a home that you can call your own. My advice to local first-time buyers is to call us now and find out how you can qualify."</p> <p><img width="600" height="250" src="/media/448505/saxonrise-2beds-960x400_600x250.jpg" alt="SaxonRise 2-beds 960x400"/></p> <p>With shared ownership, you don't buy your new Bromford home outright. Instead you buy an affordable share of it − 40-45% is fairly typical but it can be as much as 75% depending on your household income − and you pay low rent on the remaining share.</p> <p>"Both the purchase price and the deposit at Saxon Rise (pictured above) and all our other Northamptonshire examples are a fraction of what it would cost to buy a similar home on the open market," says Alan.</p> <p>"What's more, the monthly costs of shared ownership are affordable too − in most cases <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">less than it would cost to rent</a> a similar home from a private landlord. And you don't have to take our word for it&nbsp;− just listen to some of the 200-plus <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">shared ownership customers</a> who've collected keys to a new Bromford home this year. Shared ownership has made their property dreams come true and it can do the same for you."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our new developments call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* £59,000 buys a typical 40% of a two-bed home with a full-market value of £147,500. Your minimum deposit on that share, assuming a 95% mortgage, would be just £2,950.</p> <p>** £65,250 buys 45% of a two-bed with a full-market value of £145,000. Your minimum deposit on that share, assuming a 95% mortgage, would be £3,263.</p> <p>*** £68,000 buys 40% of a two-bed with a full-market value of £170,000. Your minimum deposit on that share, assuming a 95% mortgage, would be £3,400.</p> <p>**** £74,000 buys 45% of a two-bed with a full market value of £185,000. Your minimum deposit on that share, assuming a 95% mortgage, would be £3,700.</p> /news/news/2014/june/affordable-homes-for-northants/ http://www.bromfordhomes.co.uk/news/news/2014/june/affordable-homes-for-northants/ 11 June 2014 Oaklands open weekend <p>IT'S all go at our popular <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a> shared ownership development in Rugby! We're rolling out the welcome mat for first-time buyers with the launch of our super three-bed demo home this Saturday and Sunday (June 14-15) from 10am to 4.30pm each day.</p> <p>It's a friendly, informal chance to look around the house and find out how one just like it could be yours for as little as £78,750 with our part-buy, part-rent deal. That's enough to buy a typical 45% share of a three-bed Goldcrest&nbsp;− and your minimum deposit could be just £3,938*.</p> <p>Bromford Homes Head of Sales Alan Bradley predicts a busy time ahead now that our builders have just completed all 14 <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes that make up the second phase and the demo home will now be open five days a week&nbsp;− from Thursday to Monday, 10am-4.30pm.</p> <p>Our first buyers could be moving into their new Oaklands homes by the end of August − and a further flurry of reservations is expected as soon as homehunters walk around the demo home this weekend and get a real feel for the layout, great build quality and long list of features that come as standard.</p> <p><img width="600" height="250" src="/media/340423/960x400-oaklands_600x250.jpg" alt="Oaklands 960x400"/></p> <p>"Four plots have already been snapped up and buyer interest is so strong that more reservations are sure to follow.&nbsp;So my advice to other homehunters who can't afford to buy on the open market is to join us this weekend, see one of these great shared ownership homes for yourselves and find out how little it can cost you," says Alan.</p> <p>"We've got the right homes in the right place and&nbsp;− most importantly for the majority of first-time buyers&nbsp;− at the right price. With shared ownership, your minimum deposit can be less than £4,000* for a typical share and your monthly cost will be less than it would cost you to rent a similar home from a private landlord.</p> <p>"That's why the first phase of Oaklands homes was snapped up so quickly last year. Now we've offering first-time buyers in and around Rugby a second opportunity to make their homebuyer dream come true."</p> <p><img width="600" height="250" src="/media/444488/anna-with-keys-960x400_600x250.jpg" alt="Anna keys 960x400"/></p> <p>One of last year's successful first-time buyers, 28-year-old mum Anna Malarska (pictured above) heartily agrees&nbsp;− and happily recommends our homes and our part-buy, part-rent deal to others.</p> <p>"Shared ownership is the perfect solution for first-time buyers like me who can't afford a big deposit or a big mortgage but want to get on the property ladder and invest in their future," says Anna, who moved in with son William last July. "We love our home and we love the area... and it's cheaper for me than the house I was renting before."</p> <p>We've now got nine three-beds, including the demo home, left up for grabs at Oaklands. The only two-bed has just been reserved.</p> <p>You can get driving instructions for finding the Oaklands demo home <a href="/{localLink:3075}" target="_blank" title="Map and Directions">here</a> and find out more by calling us on <strong>0845 60 10 878</strong>. You an also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* £78,750 buys 45% of a three-bed with a full market value of £175,000. Your minimum deposit would be £3,938, assuming a 95% mortgage on the share you buy.</p> /news/news/2014/june/oaklands-open-weekend/ http://www.bromfordhomes.co.uk/news/news/2014/june/oaklands-open-weekend/ 10 June 2014 Colliers Green 50% sold <p><a href="/{localLink:4235}" title="Colliers Green Help to Buy">COLLIERS Green</a> sales have hit a major milestone with 50% of our affordable homes snapped up by first-time buyers and other people who can't afford open-market prices.</p> <p>That leaves just 10 unsold homes with prices that start from as little as £61,650* for a three-bed Cowley - just like our new feature-packed showhome. That's enough to buy a typical 45% share and, with a minimum deposit of just £3,083, it's not surprising that so many people are saying YES to our part-buy, part-rent deal, also known as <a href="/{localLink:1446}" title="Shared ownership">shared ownership</a>.</p> <p>It's one of TWO low-cost ways for you to get onto the property ladder here at New Arley in leafy north Warwickshire&nbsp;− the other choice is <a href="/{localLink:3783}" title="Help to Buy equity loan">equity loan</a>**. "Both options are making the dream of home ownership a reality here at Colliers Green - and at a price that ordinary people can afford," says Bromford Homes Head of Sales Alan Bradley.</p> <p>His advice to other potential buyers? "Be quick or you could miss out on your pick of the remaining plots," he replies.</p> <p><img width="600" height="250" src="/media/452500/colliers-3-bed-showhome-960x400_600x250.jpg" alt="ColliersGreen showhome no2 960x400"/></p> <p>And to make it even easier for local homehunters, we've extended our showhome (pictured above) opening hours so that you can visit between 10am and 5pm every day from Thursday to Monday.</p> <p>"With Bromford, you get the right home in the right place and at the right price - less than half what it would cost you to buy something similar on the open market and less than it would cost to rent from a private landlord," says Alan.</p> <p>"It's a truly great deal&nbsp;− but don't just take my word for it, of course. Please come and visit our new three-bed showhouse and see for yourself why we say you can't buy better than a Bromford home."</p> <p>You can find out more about <a href="/{localLink:4235}" title="Colliers Green Help to Buy">Colliers Green</a>, <a href="/{localLink:1446}" title="Shared ownership">shared ownership</a> and <a href="/{localLink:3783}" title="Help to Buy equity loan">equity loan</a> by calling us on <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.&nbsp;</p> <p>* With shared ownership, £61,650 would buy a typical 45% share of a three-bed house with a full market value of £137,000. A minimum deposit of £3,083 assumes a 95% mortgage on that minimum share.</p> <p>**&nbsp;Equity loan allows you to buy your new home for just 80% of its purchase price − around £119,600* for a three-bed Bourne with a full market value of £149,500. You simply pay 5% deposit&nbsp;− or £5,980 in this example − plus the monthly mortgage payments on what you borrow, with no interest on the other 20% for up to five years and no rent either.&nbsp;</p> /news/news/2014/june/colliers-green-50-sold/ http://www.bromfordhomes.co.uk/news/news/2014/june/colliers-green-50-sold/ 06 June 2014 Aylesbury open house <p>WE'RE rolling out the welcome mat with a special open house for first-time buyer families who want a low-deposit, low-cost home in Aylesbury.</p> <p>Join us at our three-bed <a href="/{localLink:3977}" target="_blank" title="Foxlow Grange">Foxlow Grange</a> demo home on Saturday morning (June 7) and we'll show you round and explain how <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> can make your property dream come true at a low price you really can afford.</p> <p>The secret? It's our popular part-buy, part-rent formula, which means you could be moving into a brand new three-bed house off Berryfields Lane for as little as £94,000 and a minimum deposit of just £4,700*.</p> <p>That's enough to buy a typical 40% share of a three-bed Bishopstone and, with the first few now finished, you could be moving in by the end of July.</p> <p>We've got nine of these great family houses (pictured below) available and four two-beds are being built later in the year. With low deposits and low monthly costs, it all adds up to a truly affordable deal for would-be homebuyers on lower incomes&nbsp;− and a low-cost alternative to private renting.</p> <p><img width="597" height="450" src="/media/446832/foxlow-2_597x450.jpg" alt="The Bishopstone"/></p> <p>Bromford Homes Head of Sales Alan Bradley urges would-be homebuyers to come along on Saturday between 10am and noon. It's an ideal opportunity, he says, to check out the great build-quality, family-friendly layout and range of features including spacious lounge-diner, downstairs cloakroom and family bathroom and stylish kitchen with fitted hob, oven and extractor.</p> <p>"Shared ownership's low deposits and low monthly costs&nbsp;− lower, on average, than it costs to rent from a private landlord&nbsp;− really do make the difference for anyone who wants a home they can call their own but can't afford to buy on the open market," says Alan.</p> <p>"Our buyers tell us time and time again that they would have been unable to get onto the property ladder any other way - especially in a sought-after place Aylesbury where property prices are high and average earnings relatively low.</p> <p>"If that sounds like you&nbsp;− and you want to find out how you too can make your homebuyer dream come true&nbsp;− then come and join us this weekend."
</p> <p>To find out more about Saturday's open house and how to buy at <a href="/{localLink:3977}" target="_blank" title="Foxlow Grange">Foxlow Grange</a> call our Aylesbury agents Brown &amp; Merry on <strong>01296 456016</strong>. You can also call <strong>0845 60 10 878</strong>, <a href="/{localLink:2788}" title="Register for updates">register for updates</a> and keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes">Facebook</a>.</p> <p>* £94,000 buys a typical 40% share of a three-bed Bishopstone with a full market value of £235,000 and a minimum deposit of just £4,700 assumes a 95% mortgage on the share you buy. Two-bed prices are yet to be confirmed.</p> /news/news/2014/june/aylesbury-open-house/ http://www.bromfordhomes.co.uk/news/news/2014/june/aylesbury-open-house/ 05 June 2014 Young buyers <p>LOW-COST <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> can make the property dream come true for many frustrated first-time buyers before they reach their mid-late 30s. That's the encouraging message for young homehunters who feel daunted by ever-rising property prices and new statistics that show the average buyer won't take their first step onto the property ladder until the age of 36.</p> <p>That age is even higher at 41 in the South West, according to <a href="http://tinyurl.com/q8l4gdq" target="_blank">research published by MoneySuperMarket</a> comparison site&nbsp;− and the general affordability gap is now so great that more than a third of potential would-be homebuyers say they have given up on their dream.</p> <p>Bromford Homes Head of Sales Alan Bradley offers such buyers a cautious message of hope in the form of shared ownership, the part-buy, part-rent deal that means a typical homehunter on a lower income can get onto the property ladder for less than half the cost of a traditional open-market purchase.</p> <p>"These research findings make grim reading indeed for young working people who dream of owning a home they can call their own&nbsp;− and in the same week we're told by the nation's biggest building society that the <a href="http://www.theguardian.com/money/2014/jun/03/uk-average-house-price-all-time-high-nationwide" target="_blank">average UK home now costs £186,512</a>," says Alan.</p> <p>According to the Nationwide, May was the 13th month in a row when house prices went up&nbsp;− pushing the dream of home ownership even further from the reach of would-be buyers on lower incomes.</p> <p>"Rising prices certainly help to explain why so many first-time buyers are starting to lose hope," says Alan, "and why, according to MoneySuperMarket, the average buyer will have to wait until their mid-30s before they can afford to take their first step onto the property ladder."</p> <p><img width="600" height="250" src="/media/444225/oaklands-goldcrest-960x400_600x250.jpg" alt="Oaklands Goldcrest 960x400"/></p> <p>Shared ownership can help to close this yawning affordability gap, says Alan, because the maximum deposit can be as little as £3,938* for a three-bed home (pictured above) at a typical development like Oaklands, Rugby, or £3,082** for a three-bed at nearby Colliers Green, New Arley&nbsp;− between Nuneaton and Coventry.</p> <p>"Our customers tell us time and time again that these affordable deposits of between £3,000 and £4,000 make all the difference for them," says Alan. "Compare that with the tens of thousands that might be required for an average open-market deposit and you understand why so many first-time buyers are saying yes to shared ownership&nbsp;− and why many of them are able to do so while they are still in their 20s."</p> <p>He points to a string of case study customers&nbsp;− all of them in their mid or late 20s&nbsp;− who've shared their stories with us after moving into a new Bromford home. They are:</p> <p><a href="/{localLink:4097}" target="_blank" title="Oaklands case study">ANNA Malarska</a> (below), 28-year-old mum and finance administrator, who bought a two-bed at Oaklands</p> <p><img width="600" height="250" src="/media/444488/anna-with-keys-960x400_600x250.jpg" alt="Anna keys 960x400"/></p> <p><a href="/news/news/2014/january/thomas-turner-part-buy-case-study/" target="_blank">THOMAS Turner</a>, 24 when he bought his two-bed at St Mark's View, Cheltenham</p> <p><a href="/news/news/2013/november/castle-view-case-study/" target="_blank">VICTORIA Follows</a>, a 28-year-old trainee solicitor, now living in a two-bed at Castle View, Stafford</p> <p><a href="/news/news/2012/november/recommend-a-friend-case-study/" target="_blank">JO Doody</a>, 29 when she and partner Darren Hack, bought their three-bed at The Farthings, Ketley</p> <p><a href="/ways-to-buy/shared-ownership/" target="_blank">MATT McIntyre</a>, 27 when he and partner Clare McLaughlin (pictured below) saw their homebuying dream come true at Larks Rise, Coventry. They couple now have a baby!</p> <p><img width="600" height="250" src="/media/347854/larks-rise-case-study-couple-1_600x250.jpg" alt="Larks Rise Matt and Clare"/></p> <p>"These customers are fairly typical of the 200-plus buyers who said yes to shared ownership with Bromford last year and, although it's only a random sample, we can see that they're all in their mid or late 20s," says Alan.</p> <p>"The average age is just over 27, which is almost ten years less than the average first-time buyer age quoted in the MoneySuperMarket findings. This is, of course, only a straw poll but it does reflect our overall experience with first-time buyers.</p> <p>"So my message to any younger homehunters who want to follow in the footsteps of our buyers is to give us a call now and find out how shared ownership could make YOUR dream come true. We can't help everyone but if your household income is less than £60,000 and you can't afford to buy on the open market, then you could qualify."</p> <p>To find out more about shared ownership call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* £78,750 buys a typical 45% share of a three-bed Goldcrest home with a full market value of £175,000. A minimum deposit on that share would be £3,938, assuming a 95% mortgage. ** £61,650 buys a typical 45% share of a three-bed Cowley home with a full market value of £137,000. A minimum deposit on that share would be £3,082, assuming a 95% mortgage.</p> /news/news/2014/june/young-buyers/ http://www.bromfordhomes.co.uk/news/news/2014/june/young-buyers/ 03 June 2014 Becket Manor selling fast <p>FIRST-TIME buyers are snapping up our low-deposit new homes at <a href="/{localLink:3955}" target="_blank" title="Becket Manor">Becket Manor</a>, Deanshanger&nbsp;− a thriving village just ten minutes drive from Milton Keynes.</p> <p>The first four two-bed houses are now reserved by local people who can't afford open-market property prices&nbsp;− but can afford to pay as little as £74,000* for a typical 40% share through our popular part-buy, part-rent scheme, also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>We've now confirmed equally affordable prices&nbsp;− starting from as little as £86,000** − for a trio of three-bed houses that are also being built at Becket Manor.</p> <p>Layouts and internal features are now confirmed − and demand from local people on lower incomes is so strong that these are sure to be snapped up too, says Bromford Homes Head of Sales Alan Bradley.</p> <p>His advice to other would-be homebuyers? "Be quick or you could miss out on the next wave of low-cost opportunities to take that first step onto the property ladder and make your home ownership dream come true," says Alan.</p> <p><img width="567" height="485" src="/media/438790/becket-manor.png" alt="The Willow"/></p> <p>"We've helped hundreds of people who tell us that shared ownership is a truly affordable alternative to living at home with the family or renting from a private landlord. That's certainly reflected in this sought-after part of south Northamptonshire, right on the doorstep of a bustling city like Milton Keynes, where property prices are high and average salaries are relatively low.</p> <p>"Three of the first four two-beds (pictured above) were snapped up in a single weekend and these buyers could be moving into their new Becket Manor homes within a matter of weeks and be ready to start an exciting new chapter of their lives in a home they can call their own."</p> <p>The trio of three-beds&nbsp;− described by Alan as ideal for young families&nbsp;− are penciled in for completion by late September and a further phase of two-bed homes is due in spring 2015.</p> <p>You can find out more about <a href="/{localLink:3955}" target="_blank" title="Becket Manor">Becket Manor</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> by calling us on <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* With shared ownership, £74,000 would buy a typical 40% share of a <a href="/{localLink:4069}" target="_blank" title="The Willow">two-bed Willow house</a> with a full market value of £185,000. A minimum deposit is £3,700 assuming a 95% mortgage on that share.</p> <p>* With shared ownership, £86,000 would buy a typical 40% share of a three-bed house with a full market value of £215,000. A minimum deposit is £4,300 assuming a 95% mortgage on that share.</p> /news/news/2014/may/becket-manor-selling-fast/ http://www.bromfordhomes.co.uk/news/news/2014/may/becket-manor-selling-fast/ 29 May 2014 Love Telford <p>FIRST-TIME buyers have another reason to be cheerful if they choose a low-deposit Bromford home at <a href="/{localLink:4001}" target="_blank" title="Church View">Church View</a>, Telford. The town has just been named one of the Top 10 happiest places to live in the latest Happy At Home index published by Rightmove.</p> <p>If that's not enough to put a smile on your face, consider the fact that you can buy one of our two-bed Church View homes for as little as £58,500* through <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and your minimum deposit could be just £2,925.</p> <p>Another reason to be cheerful? The monthly cost of your new two or three-bedroom house off St Matthew's Road, Donnington Wood, will be <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">less on average than it would cost you rent</a> a similar home from a private landlord.</p> <p>It all adds up to happy home ownership for first-time buyers and other people who can't afford to buy on the open market, according to Bromford Homes Head of Sales Alan Bradley.</p> <p><img width="599" height="333" src="/media/150457/telford_1__612x340__599x333.jpg" alt="Telford 1 612x340"/></p> <p>"Telford is a popular place and we've sold many shared ownership homes in and around the town so we're not surprised that it has rated so highly in the Happy At Home index," says Alan.</p> <p>"We know from talking to hundreds of customers over the years that location is really important. You want to buy an affordable home that you can call your own close to where you work, near to your family, friends and local schools.</p> <p>"Shared ownership can make this dream come true at a price ordinary people like you can afford. With Bromford, you're buying the right home in the right place&nbsp;− and at the right price. Church View (pictured below) is a great example of this and we've only got four homes at this development so my advice to local first-time buyers is to register your interest now."</p> <p><img width="600" height="450" src="/media/450767/the-hayward_600x450.jpg" alt="The Hayward"/>&nbsp;</p> <p>* The secret of shared ownership's low deposits and low monthly costs is the unique formula that allows you to buy between 25% and 75% of your new Bromford home&nbsp;− the actual share you buy will be linked to how much you can afford&nbsp;− and pay low rent on the remaining share. £58,500 would buy a typical 45% share of a two-bed Church View house with a full market value of £130,000. A minimum deposit of £2,925 assumes a 95% mortgage on that minimum share.</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, <a href="/{localLink:4001}" target="_blank" title="Church View">Church View</a> or other developments, call us on <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/may/love-telford/ http://www.bromfordhomes.co.uk/news/news/2014/may/love-telford/ 21 May 2014 Fortuna's tasty 99 <p>OUR <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> sales hit a record high for a single development when the 99th homebuyer collected the keys to her new home in Cirencester.</p> <p>This happy handover was the last at our landmark Fortuna development in this popular Gloucestershire market town&nbsp;− also known as the Capital of the Cotswolds&nbsp;− after several phases spanning three years.</p> <p>It was a big day for our buyer&nbsp;− and for Bromford Homes Sales Consultant Kirsty Derby, who was there last Friday (May 9) to welcome this final purchaser into her new apartment. "Handing over the keys to customers is definitely the best part of a great job. It's the moment when their dreams of owning a home they can call their own becomes a bricks-and-mortar reality and they start an exciting new chapter of their lives," says Kirsty.</p> <p>"Our customers are either first-time buyers or people, who for one reason or another, can't afford to buy a home on the open market. They tell us time and time again that shared ownership's low deposits and low monthly costs make all the difference&nbsp;− and this is certainly true here in Cirencester."</p> <p><img width="600" height="250" src="/media/372702/fortuna-exteriors-1_600x250.jpg" alt="Fortuna exteriors 1"/></p> <p>Bromford Homes Head of Sales Alan Bradley agrees, saying: "Fortuna (pictured above) is an exceptional development and, with 99 houses and apartments, our biggest by far. Each sale is an individual success story for a local buyer and if you put them all together you can see what a difference has been made.</p> <p>"We're really proud of what has been achieved here. These are great homes on a great-looking development and, thanks to shared ownership's unique part-buy, part-rent formula, we have been able to sell at a price that singletons, couples and young families can afford - an example being £67,500 for a typical 45% share of a two-bed apartment with an open-market value of £150,000.</p> <p>"Cotswold district has been highlighted by the National Housing Federation (NHF) as one of the region's <a href="http://tinyurl.com/moxgy3x" target="_blank" title="NHF Home Truths">least affordable places</a> for first-time buyers. Like many sought-after towns and cities, property prices are high and average earnings are relatively low. With shared ownership, would-be homebuyers can get that crucial first step on the property ladder with a truly affordable&nbsp;− and secure&nbsp;− alternative to renting from a private landlord or living at home with their family or friends."</p> <p><img width="600" height="250" src="/media/416152/spoonley-pennylands-960_600x250.jpg" alt="Pennylands 960"/></p> <p>The Gloucestershire sales success story continues just over 20 miles away at Winchcombe, north of Cheltenham, where first-time buyers are snapping up Pennylands homes (pictured above) for as little as £78,750. That's enough to buy a typical 45% share of a two-bed house&nbsp;− and your minimum deposit could be just £3,938 with a 95% mortgage.</p> <p>"This is another great-looking development in a smashing rural location&nbsp;− and, with these affordable prices, they're selling fast," says Kirsty.</p> <p>"We've sold seven houses so far&nbsp;− three of them have been handed over to us by the builder and the other four are expected in August. We then have another two three-bed homes coming in November&nbsp;− these are now on sale&nbsp;− and a further three two-bed homes to be handed over in May 2015.</p> <p>"In this case, priority is being given to local people and my advice to anyone who wants one of these great homes is to register online or call us now."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, <a href="/{localLink:3861}" target="_blank" title="Pennylands">Pennylands</a> or other developments, call us on <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/may/fortunas-tasty-99/ http://www.bromfordhomes.co.uk/news/news/2014/may/fortunas-tasty-99/ 17 May 2014 Colliers Green showhome No2 <p>LOOKING for a low-deposit, high-quality family home near Nuneaton or Coventry? Then come on down to <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> this weekend and take a good look around our stylish new three-bed showhome.</p> <p>We're rolling out the welcome mat on Saturday (May 17)&nbsp;− and again on Sunday&nbsp;− from 10am to 3pm. Just follow this <a href="/{localLink:2834}" title="Map and Directions">link</a> for directions or put CV7 8HA into your satnav.</p> <p>Our expert sales consultant will be on hand&nbsp;− together with an independent financial advisor&nbsp;− to show you round the <a href="/{localLink:3734}" target="_blank" title="The Bourne">three-bed Bourne</a> and explain how you can buy one just like it for much less than it would cost on the open market.</p> <p>In fact, we're offering you TWO low-cost ways of getting onto the property ladder here at New Arley in leafy north Warwickshire&nbsp;− <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a> or part-buy, part-rent, also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>&nbsp;<img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/></p> <p>With shared ownership, you can buy a typical 45% of a three-bed Cowley&nbsp;− our other three-bed house&nbsp;− for as little as £61,650 and a minimum deposit of just £3,083*.</p> <p>Equity loan allows you to buy your new home for just 80% of its purchase price − around £119,600* for a three-bed Bourne with a full market value of £149,500. You simply pay 5% deposit&nbsp;− or £5,980 in this example − plus the monthly mortgage payments on what you borrow, with no interest on the other 20% for up to five years and no rent either.</p> <p>"Both options can make the dream of home ownership a reality at a price that ordinary people can afford," Bromford Homes Head of Sales Alan Bradley tells local first-time buyers. "This weekend's showhome opening gives you an ideal opportunity to come along and find out which is the best home and the best buying option for you."</p> <p><img width="600" height="250" src="/media/419826/colliers-green-showhome-lounge_600x250.jpg" alt="Colliers Green showhome lounge"/></p> <p>The three-bed showhome will replace the existing two-bed showhome (pictured above), which has already been snapped up by one eager buyer but will also remain open to visitors until the end of the month. And we still have some two-beds for sale.</p> <p>"The two-bed showhome was really popular with buyers but we wanted to showcase the extra rooms, living space and features that come with the bigger three-bed home. That's why we decided to make the switch," says Alan.</p> <p>"It's really exciting to see the new showhome come together. Our specialist interiors designers are doing a great job and we think buyers will agree with us when we say they've given it a real 'wow' factor. But don't just take my word for it, of course. Please come and join us at the weekend and see for yourself why we say you can't buy better than a Bromford home."</p> <p>You can find out more about the <a href="/{localLink:2829}" title="Colliers Green">Colliers Green</a> open day, <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a> by calling us on <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* With shared ownership, £61,650 would buy a typical 45% share of a three-bed house with a full market value of £137,000. A minimum deposit of £3,083 assumes a 95% mortgage on that minimum share.</p> /news/news/2014/may/colliers-green-showhome-no2/ http://www.bromfordhomes.co.uk/news/news/2014/may/colliers-green-showhome-no2/ 14 May 2014 Quartet launch <p>QUARTET's low-deposit homes are sure to hit the right note with first-time buyers in and around the Shropshire market town of Whitchurch.</p> <p>You can get on the property ladder here for as little as £59,625*&nbsp;− and your minimum deposit could be just £2,982 thanks to affordable <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>That's enough to buy a typical 45% share of a two-bed semi-detached house on the western edge of this historic town and it comes with all mod cons and many other features that make the Caldecott an ideal first home for singletons and couples.</p> <p><a href="/{localLink:4109}" target="_blank" title="Quartet">Quartet</a> offers a great location for anyone who lives and works in the Whitchurch area and convenient for anyone who commutes to Crewe, Telford, Wrexham&nbsp;− even Manchester, thanks to the local railway links.</p> <p>With just four of these high-quality, low-cost homes coming onto the market, we expect strong interest from local first-time buyers. That's why Bromford Homes Head of Sales Alan Bradley urges aspiring homeowners to <a href="/{localLink:2788}" target="_blank" title="Register for updates">register now</a> or, better still, to call <strong>0845 60 10 878</strong> and find out how one of these great homes could be yours for much less than it would could to buy a similar home on the open market.</p> <p>&nbsp;<img width="600" height="250" src="/media/451480/quartetcaldecott-960x400_600x250.jpg" alt="Caldecott 960x400"/></p> <p>"My advice to local first-time buyers is to be quick or you could miss out. We have just four of these great homes (pictured above) and they've got everything going for them - including the fact that they're semi-detached rather than the usual terraced home you might expect," says Alan.</p> <p>"They're the right homes, in the right place and at the right price. That's the big difference that comes with shared ownership&nbsp;− instead of buying outright, you only buy the share that you can afford and pay low rent on the remaining share.</p> <p>"That means the purchase price&nbsp;− and the deposit&nbsp;− are much lower than if you were buying a similar home on the open market. The average monthly costs are <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">cheaper too than renting</a> a similar home from a private landlord."</p> <p>Build quality is top-notch because the work is being carried out by our own highly-respected in-house construction team&nbsp;− and the <a href="/{localLink:4111}" target="_blank" title="New homes for sale">list of standard features</a> includes fully-fitted kitchen with oven, hob and extractor fan, master bedroom with fitted wardrobes and downstairs cloakroom.</p> <p>"Add the <a href="/{localLink:4114}" target="_blank" title="Map and Directions">super location</a> and you'll realise why we say you you can't buy better than a Bromford home. Building work here at Quartet is well under way and the first homes are set for completion in September," says Alan. "We're really looking forward to seeing the finished homes. There's no doubt that, with Quartet, we've got another hit on our hands."</p> <p>To find out more about <a href="/{localLink:4109}" target="_blank" title="Quartet">Quartet</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* £59,625 buys a typical 45% share of a two-bed home with a full market value of £132,500. A minimum deposit on that share would £2,982, assuming a 95% mortgage.</p> /news/news/2014/may/quartet-launch/ http://www.bromfordhomes.co.uk/news/news/2014/may/quartet-launch/ 09 May 2014 YoungAdultsDilemma <p>DON'T despair&nbsp;− <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> still offers affordable hope for the new generation of would-be homebuyers who, it is claimed, may have to stay living with their parents until their mid-30s.</p> <p>That's the message of cautious hope from Bromford Homes Head of Sales Alan Bradley in response to new research that warns rising property prices and the chronic shortage of affordable homes are putting the dream of home ownership beyond the reach of millions.</p> <p>The warning by housing charity Shelter comes with a forecast that many young adults now face a future of living in their childhood bedrooms until their 30s&nbsp;− and even then a growing number won't be able to buy a home of their own on the open market without a family inheritance or tapping into the Bank of Mum and Dad.</p> <p><img width="600" height="250" src="/media/342573/so-parents-and-daughter-960x400_600x250.jpg" alt="SO parents and daughter"/></p> <p>"This report makes grim reading for ordinary young adults who, like most of us, look forward to owning a home of their own&nbsp;− although we certainly don't want to be alarmist about this very real problem," says Alan.</p> <p>"Clearly, we as a nation need to build many more affordable homes in order to meet this need, and Bromford certainly supports that aim along with other providers and housing lobby groups such as the <a href="http://www.housing.org.uk/get-involved/yes-to-homes/" target="_blank">NHF</a> and <a href="http://tinyurl.com/mkvk2el" target="_blank">CIH</a>.</p> <p>"In the meantime, shared ownership plays a crucial role in helping many first-time buyers to get on the property ladder at a price they can afford. The deposits are significantly cheaper than those required for open market homes&nbsp;− typically around £3,000 to £4,000*&nbsp;− and the monthly costs are certainly <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">cheaper on average than renting</a> a similar home from a private landlord.</p> <p>"That's why well over <a href="/{localLink:4073}" target="_blank" title="Shared ownership sales 2013-14">200 buyers</a> on lower incomes&nbsp;− people who can't afford open market prices&nbsp;− said yes to shared ownership with Bromford last year.</p> <p>"Looking to the future, we certainly see no sign of let-up in demand from first-time buyers for this and, in the light of this latest report, would encourage people who might not have heard about shared ownership or think they don't qualify to get in touch and find out how the part-buy, part-rent formula could make their property dream comes true.</p> <p>"There are still a lot of misconceptions about shared ownership. Some people think it is j<a href="/ways-to-buy/shared-ownership-from-parents-point-of-view/" target="_blank">ust for key workers</a>. That's not true&nbsp;− although key workers are welcome, of course. Many people don't realise that you can have a household income of up to £60,000 a year and still qualify for shared ownership.</p> <p>"At a time when property prices are rising&nbsp;− up by 10.9% over the last 12 months, according to the latest Nationwide price index&nbsp;− shared ownership really does offer an affordable alternative to private renting or living with family or friends for many years while you try to save a big deposit.</p> <p><img width="600" height="250" src="/media/444488/anna-with-keys-960x400_600x250.jpg" alt="Anna keys 960x400"/></p> <p>"What's more, you don't just have to take my word for it. Just listen to the stories of shared ownership customers like Matt and Clare who moved into their first home at <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a>, Coventry, last year and have now <a href="/{localLink:3973}" target="_blank" title="And baby makes three">started a family</a>. Or 28-year-old mum <a href="/{localLink:4097}" target="_blank" title="Oaklands case study">Anna</a> who made her home ownership dream come true when she moved into a new home at <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a>, Rugby, with her son last July.</p> <p>"Anna says it's cheaper than private renting, wants to buy a bigger share when she can afford it&nbsp;− like many of our buyers&nbsp;− and has no hesitation in recommending that other first-time buyers give it a try."</p> <p>* With shared ownership, you buy between between 25% and 75% of your new Bromford home − the amount depends on what you can afford − and pay low rent on the remaining share. In the case of Oaklands, Rugby, £78,750 buys a typical 45% share of a three-bed Goldcrest with a full market value of £175,000. Your minimum deposit would be £3,938, assuming a 95% mortgage on the share you buy.</p> <p>To find out more about <a href="/{localLink:1446}" title="Shared ownership">shared ownership</a> and <a href="/{localLink:1182}" target="_blank" title="Find a home">local developments</a>, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.<br /> &nbsp;<br /> Follow the links to find out more about the <a href="http://www.independent.co.uk/news/uk/politics/half-of-young-adults-will-live-with-their-parents-within-a-generation-from-now-9308306.html" target="_blank">Shelter findings</a> and latest <a href="http://tinyurl.com/loz9mhj" target="_blank">Nationwide house price index</a>.</p> /news/news/2014/may/youngadultsdilemma/ http://www.bromfordhomes.co.uk/news/news/2014/may/youngadultsdilemma/ 03 May 2014 Saxon Rise half gone <p>DEMAND for our new low-deposit homes at <a href="/{localLink:3995}" target="_blank" title="Saxon Rise">Saxon Rise</a>, Brixworth, is so strong that just two of them are left unsold.</p> <p>First-time buyers and other people who can't afford open-market prices in this sought-after part of Northamptonshire have now snapped up half of the <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> houses on the first phase at Saxon Rise. And, with prices as low as £65,250* for a 45% share of a two-bed, it won't be long before the other two are reserved as well.</p> <p>That's the confident forecast from Bromford Homes Area Sales Consultant Kirsty Darby, who confirmed two reservations at the weekend.</p> <p>"Local buyers love everything about Saxon Rise. They're the right homes, in the right place and at the right price&nbsp;− and my advice to anyone else who wants one is to be quick or you could miss out," says Kirsty.</p> <p><img width="600" height="250" src="/media/448700/saxonrise-960x400_600x250.jpg" alt="Saxon Rise 960x400"/><br /> <br /> "These low deposits&nbsp;− as little as £3,263* for a two-bed (pictured above) − and affordable monthly costs make all the difference for people who could not otherwise get onto the property ladder, people who would be forced to live with family or friends or remain in private rented housing.</p> <p>"This really is a great opportunity for anyone who wants to move into a home they can call their own&nbsp;− and if you miss these last two you'll have to wait until 2015 when we're expecting some more two-beds and our first three-bed homes here at Saxon Rise."</p> <p>It's a similar story of shared ownership success across Northamptonshire at another popular village, Bugbrooke, where two of the three homes being built at <a href="/{localLink:3046}" target="_blank" title="Church Fields">Church Fields</a> (pictured below) have been sold off-plan to local first-time buyers. That leaves just one more home up for grabs at just £68,000** for a minimum 40% share through our affordable part-buy, part-rent scheme&nbsp;− also known as shared ownership.</p> <p>&nbsp;<img width="600" height="250" src="/media/448705/church-fields-960x400_600x250.jpg" alt="ChurchFields actual 960x400"/></p> <p>"This is another great-looking development in a super location&nbsp;− and in this case we're giving priority to would-be buyers with local connections," says Kirsty.</p> <p>"Bugbrooke and Brixworth are like many sought-after places in rural parts of Northamptonshire. Property prices are high and average wages are fairly low. It's a formula that can put the property dream well out of reach for many first-time buyers&nbsp;− especially if you can't tap into the Bank of Mum and Dad.</p> <p>"That's where shared ownership comes in. Our unique part-buy, part-rent formula means the initial cost is affordable and so are the monthly costs&nbsp;− cheaper, on average, than it costs to rent a similar home from a private landlord. It's no wonder then that so many people in Northamptonshire&nbsp;− and other parts of central England&nbsp;− keep saying a big YES to share ownership."</p> <p>* £65,250 buys a typical 45% share of a two-bed home with a full market value of £145,000. A minimum deposit on that share would £3,263, assuming a 95% mortgage.<br /> ** £68,000 buys a minimum 40% share of a two-bed Everdon with a full market value of £170,000. A minimum deposit on that share would be £3,400, assuming a 95% mortgage.</p> <p>To find out more about <a href="/{localLink:3995}" target="_blank" title="Saxon Rise">Saxon Rise</a>, <a href="/{localLink:3046}" target="_blank" title="Church Fields">Church Fields</a> <a href="/{localLink:3070}" target="_blank" title="Oaklands"></a>or <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/april/saxon-rise-half-gone/ http://www.bromfordhomes.co.uk/news/news/2014/april/saxon-rise-half-gone/ 29 April 2014 Oaklands three gone <p>FIRST-TIME buyers are saying a big YES to our newest <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes at <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a>, Rugby.</p> <p>They turned out in force over the Easter bank holiday for a special open day to launch the second phase of affordable houses at this popular development.</p> <p>Three plots were snapped up the same day and buyer interest is so strong that more reservations are sure to follow, says Area Sales Consultant Harj Bahia, of Bromford Homes.</p> <p>His advice to other would-be buyers on lower incomes who want to get on the local property ladder for as little as £65,250*? "Be quick if you want your pick of the remaining plots at this top-quality development," says Harj.</p> <p>"We've got the right homes at the right price and in the right place. That's why we were not surprised when the first phase of shared ownership homes at Oaklands was <a href="/{localLink:3693}" target="_blank" title="Rugby last chance">snapped up so quickly</a> last year. Now we've offering first-time buyers in and around Rugby a second opportunity to make their homebuyer dream come true at a price they can truly afford."</p> <p><img width="600" height="250" src="/media/444488/anna-with-keys-960x400_600x250.jpg" alt="Anna keys 960x400"/></p> <p>One of last year's successful first-time buyers, 28-year-old mum <a href="/{localLink:4097}" target="_blank" title="Oaklands case study">Anna Malarska</a>, also recommends our homes and our part-buy, part-rent deal to others.</p> <p>"Shared ownership is the perfect solution for first-time buyers like me who can't afford a big deposit or a big mortgage but want to get on the property ladder and invest in their future," says Anna (pictured above) who moved in with son William last July. "We love our home and we love the area... and it's cheaper for me than the house I was renting before."</p> <p>Yes, our popular part-buy, part-rent formula means you could be moving into a brand new house at Oaklands&nbsp;− just ten minutes drive from Rugby town centre&nbsp;− for as little as £65,250 and a minimum deposit of just £3,263*.</p> <p>That's enough to buy a typical 45% share of the only two-bed Sanderling and, with building work almost finished, you could be moving in by the end of July. We've also got 13 three-beds (pictured below) due for completion by the end of May and 10 of them are still up for grabs for as little as £78,750**.</p> <p><img width="600" height="250" src="/media/444225/oaklands-goldcrest-960x400_600x250.jpg" alt="Oaklands Goldcrest 960x400"/><br /> &nbsp;<br /> * £65,250 buys a typical 45% share of a <a href="/{localLink:3423}" target="_blank" title="The Sanderling">two-bed Sanderling</a> with a full market value of £145,000 and a minimum deposit of just £3,263 assumes a 95% mortgage on the share you buy.

** £78,750 buys 45% of a <a href="/{localLink:3421}" target="_blank" title="The Goldcrest">three-bed Goldcrest</a> with a full market value of £175,000. Your minimum deposit would be £3,938, assuming a 95% mortgage on the share you buy.</p> <p>To find out more about <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a> or <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/april/oaklands-three-gone/ http://www.bromfordhomes.co.uk/news/news/2014/april/oaklands-three-gone/ 24 April 2014 Oaklands case study <p>HOME ownership seemed like an impossible dream for mum Anna Malarska&nbsp;− until she found out about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>. The low deposit and affordable monthly costs unlocked the door to a two-bed home that she and her seven-year-old son William can call their own at our popular <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a> development in Rugby.</p> <p>It's now almost a year since they moved in and started an exciting new chapter in their lives&nbsp;− closer to friends and Anna's work as a finance administrator with leading logistics company DHL.</p> <p>Shared ownership made "an amazing difference" according to 28-year-old Anna and she urges other would-be homebuyers on lower incomes to find out how it can change their lives too. "Would I recommend it? Definitely! Shared ownership is the perfect solution for first-time buyers like me who can't afford a big deposit or a big mortgage but want to get on the property ladder and invest in their future," says Anna (pictured below}.</p> <p><img width="599" height="318" src="/media/444508/anna-with-keys-640x340_599x318.jpg" alt="Anna keys 640x340"/></p> <p>Like many would-be homebuyers, Anna didn't know about the part-buy, part-rent scheme&nbsp;− also known as shared ownership&nbsp;− until a friend took her to Oaklands and showed her round.</p> <p>It was love at first sight. "I liked the area, found out there were some two-beds coming up and set my heart on getting one of them. I spoke to the agency and put down a deposit the very same day," says Anna. "The people at Bromford and the estate agents explained everything and I did a lot of research on the web. Then I prepared all the documents that were needed and booked an appointment to sort out a mortgage."</p> <p>Her application was successful and Anna collected the keys from Bromford last July. "We love our new home and we love the area. It's perfect as there are plenty of places to walk our dog Mia and to go for bike rides with my son," says Anna. "We live close to my friends and it's only 15 minutes to where I work&nbsp;− that makes a massive difference."</p> <p>&nbsp;<img width="599" height="318" src="/media/444518/anna-and-mia-640x340_599x318.jpg" alt="Anna with Mia 640x340"/></p> <p>Less time and money spent on the journey to work is not her only saving. Like many first-time buyers, Anna highlights shared ownership's low deposits and low monthly costs as crucial. And like many customers, Anna confirms that buying through <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">shared ownership is cheaper than renting from a private landlord</a>. "Yes, it is cheaper for me now. The house I rented before was more expensive&nbsp;− and all the other monthly bills were higher. In fact, I would say that I pay less than friends that rent their homes," she says.</p> <p>Looking to the future, Anna is keen to increase the share that she owns through a process known as staircasing. "The other thing about rent is that you're paying out and there's no return on the investment," says Anna. "With shared ownership you can increase your share at some time in the future when you can afford it and that's something I would definitely like to do. One day I hope the house will be 100% mine."</p> <p><img width="599" height="318" src="/media/444513/anna-kitchen-640x340_599x318.jpg" alt="Anna kitchen 640x340"/></p> <p>Bromford Homes Head of Sales Alan Bradley says: "It's great to hear such positive comments from one of our first shared ownership buyers at Oaklands - just as we're about to launch the second phase of homes at this popular development.</p> <p>"Anna's clearly delighted with her home and with shared ownership&nbsp;− just like so many other first-time buyers across Coventry &amp; Warwickshire and the rest of central England&nbsp;− and we wish her all the best for the future.</p> <p>"This is just one of <a href="/{localLink:4073}" target="_blank" title="Shared ownership sales 2013-14">214 shared ownership success stories</a> in the last 12 months where would-be homebuyers on lower incomes were able to get on the property ladder at an affordable price. Each story represents a dream come true, an exciting new chapter in their lives for people who would otherwise be forced to stay living with their folks or renting from a private landlord."</p> <p>You could be moving into a brand new house at <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a> − just ten minutes drive from Rugby town centre − for as little as £65,250 and a minimum deposit of just £3,263*. That's enough to buy a typical 45% share of a two-bed Sanderling and, with building work almost finished, you could be moving in by the end of July.</p> <p>We've got just one two-bed available but with two types of three-beds − 13 of them in all − set for completion by the end of May there's a great choice to suit the needs of couples or young families. Our three-beds sell for as little as £78,750** and your minimum deposit would be just £3,938.</p> <p><img width="600" height="250" src="/media/444225/oaklands-goldcrest-960x400_600x250.jpg" alt="Oaklands Goldcrest 960x400"/></p> <p>* £65,250 buys a typical 45% share of a two-bed <a href="/{localLink:3423}" target="_blank" title="The Sanderling">Sanderling</a> with a full market value of £145,000 and a minimum deposit of just £3,263 assumes a 95% mortgage on the share you buy.<br /> ** £78,750 buys 45% of a three-bed <a href="/{localLink:3421}" target="_blank" title="The Goldcrest">Goldcrest</a> (pictured above) with a full market value of £175,000. Your minimum deposit would be £3,938, assuming a 95% mortgage on the share you buy.</p> <p>To find out more about Oaklands, our <a href="/{localLink:4090}" target="_blank" title="Rugby open day">open day</a> or <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/april/oaklands-case-study/ http://www.bromfordhomes.co.uk/news/news/2014/april/oaklands-case-study/ 17 April 2014 Rugby open day <p>WE'RE rolling out the welcome mat in Warwickshire this weekend with a special Easter open day for first-time buyers who can't afford a home on the open market.</p> <p>Join us at Connells estate agents in Regent Street, Rugby, on Saturday (April 19) and we'll explain how <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> can make your property dream come true at a low price you really can afford.</p> <p>Our popular part-buy, part-rent formula means you could be moving into a brand new house at <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a>&nbsp;− just ten minutes drive from Rugby town centre&nbsp;− for as little as £65,250 and a minimum deposit of just £3,263*. That's enough to buy a typical 45% share of a two-bed <a href="/{localLink:3423}" target="_blank" title="The Sanderling">Sanderling</a> and, with building work almost finished, you could be moving in by the end of July.</p> <p>We've got just one two-bed available but with two types of three-beds&nbsp;− 13 of them in all&nbsp;− set for completion by the end of May there's a great choice to suit the needs of couples or young families. With three-beds (pictured below) selling for as little as £78,750**, it all adds up to a truly affordable deal for would-be homebuyers on lower incomes&nbsp;− and a low-cost alternative to private renting.</p> <p><img width="425" height="305" src="/media/326831/goldcrest-425x305.jpg" alt="The Goldcrest lg web"/><br /> <br /> Bromford Homes Head of Sales Alan Bradley urges would-be homebuyers on lower incomes to come along on Saturday between 10am and 4pm and find out more.</p> <p>"Shared ownership's low deposits and low monthly costs&nbsp;− lower, on average, than it costs to rent from a private landlord&nbsp;− really do make the difference for anyone who wants a home they can call their own but can't afford to buy on the open market," says Alan.</p> <p>"That's why the first phase of homes at Oaklands was snapped up by eager buyers last year&nbsp;− making it one of our most popular &nbsp;developments − and now we're delighted to have a second phase coming onto the market. Our buyers tell us time and time again that they would have been unable to get onto the property ladder any other way. If that sounds like you&nbsp;− and you want to find out how you too can make your dream come true&nbsp;− then come and join us at Connells on Saturday."<br /> <br /> * £65,250 buys a typical 45% share of a two-bed Sanderling with a full market value of £145,000 and a minimum deposit of just £3,263 assumes a 95% mortgage on the share you buy.<br /> <br /> ** £78,750 buys 45% of a three-bed Goldcrest with a full market value of £175,000. Your minimum deposit would be £3,938, assuming a 95% mortgage on the share you buy.</p> <p>To find out more about <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a>, our open day or <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/april/rugby-open-day/ http://www.bromfordhomes.co.uk/news/news/2014/april/rugby-open-day/ 15 April 2014 Cov & Warks launches <p>WE'RE launching a fresh wave of shared ownership developments across Coventry and Warwickshire that give first-time buyers a chance to make their property dream come true for as little as £54,000*.</p> <p>First up are the second phases at <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a>, Coventry, and <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a>, Rugby&nbsp;− two of our most successful developments last year&nbsp;− with a total of 18 homes and completions starting from late May. Builders have also made a start at a second Coventry site, <a href="/{localLink:3989}" target="_blank" title="Holmwood">Holmwood</a>, where eight shared ownership houses will be ready in time for late summer handover to buyers.</p> <p>That's on top of the 12 remaining low-cost homes that are proving popular with would-be homebuyers at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> (pictured below), New Arley, just outside Nuneaton.</p> <p><img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/></p> <p>"Put them all together with our sell-out sites at <a href="/{localLink:3749}" target="_blank" title="The Pastures">The Pastures</a>, Alcester, and <a href="/{localLink:1617}" target="_blank" title="Minstrel Park">Minstrel Park</a>, Stratford-upon-Avon," says Bromford Homes Head of Sales Alan Bradley, "and you've got dozens of opportunities for first-time buyers to get onto the property ladder across Coventry and Warwickshire."</p> <p>Buyers are already showing strong interest in the latest launches&nbsp;− with no sign of let-up in the first-time buyer demand that propelled Bromford shared ownership sales to a <a href="/{localLink:4073}" target="_blank" title="Shared ownership sales 2013-14">record high</a> of 214 during the last financial year.</p> <p>"Shared ownership's low deposits of around £3,000* and low monthly costs − l<a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">ower, on average, than it costs to rent</a> from a private landlord − really do make all the difference for people who want a home they can call their own but can't afford to buy on the open market," says Alan.</p> <p>"Customers tell us time and time again that shared ownership changes their lives by making it possible for them to move out from their parents' homes or private rented housing and take their first step onto the property ladder. These are buyers who would have been unable to get on the property ladder any other way&nbsp;− especially in places like Warwickshire where property prices are generally high and average wages simply can't keep up."</p> <p><img width="600" height="250" src="/media/369664/larksrise-clare-matt-alt-960x400_600x250.jpg" alt="LarksRise Matt&amp;Clare alt"/><br /> <br /> His advice to others who want to follow in the footsteps of first-time buyers <a href="/{localLink:1446}" target="_blank" title="Shared ownership">Matt and Clare</a> (pictured above), who moved into a two-bed house at Larks Rise last year, is simple.</p> <p>"Don't delay. If you've saved enough for a low deposit and can afford the low monthly payments, now's a good time to make your move," says Alan. "Matt and Clare are fairly typical of the 200-plus buyers who made their property dream come true last year thanks to shared ownership&nbsp;− and there's no sign of any let-up in demand from other customers just like them across Coventry and Warwickshire."</p> <p>* With shared ownership, you buy between between 25% and 75% of your new Bromford home − the amount depends on what you can afford − and pay low rent on the remaining share. In the case of <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, it costs as little as £55,125 for a typical 45% share of a two-bed house and a 5% deposit would be just £2,757.</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:1182}" target="_blank" title="Find a home">local developments</a>, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/april/cov-warks-launches/ http://www.bromfordhomes.co.uk/news/news/2014/april/cov-warks-launches/ 10 April 2014 Tansey Green open day <p>HOMEBUYERS are being offered a rare opportunity to buy a family home in the Black Country for as little as £75,375. That's enough to buy a typical 45% share of a three-bed <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> house at <a href="/{localLink:3076}" target="_blank" title="Tansey Green">Tansey Green</a>, near Dudley&nbsp;− and your deposit could be as little as £3,769*.</p> <p>We've got just TWO of these feature-packed, family-friendly houses coming onto the market and we're rolling out the welcome mat with a special open day at the Connells estate agents office in Stone Street, Dudley, on Saturday (April 12).</p> <p>Call us on 0845 60 10 878 to find out more about the open day&nbsp;− and how one of these great homes could be yours for much less than it would cost to buy a similar house on the open market.</p> <p>Bromford Homes Sales Consultant Harj Bahia urges would-be buyers to join him for the open day. "We've got just two of these great family homes and, with these low deposits, they are sure to be snapped up soon," he says.</p> <p>"It's not just the initial outlay that is less&nbsp;− total <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">monthly costs with shared ownership are also generally less</a> than it would cost you to rent a similar home from a private landlord.</p> <p><img width="425" height="305" src="/media/258142/the_langstone_425x305.jpg" alt="The Langstone 425x305"/></p> <p>"It all adds up to a really affordable way of getting onto the Black Country property ladder a win-win deal. You're buying a modern home (pictured above) packed with lots of great features at a really affordable price&nbsp;− and in a great location for anyone who want to live here in the heart of the Black Country.</p> <p>"My advice to local first-time buyers and other people who can't afford to buy on the open market is be quick or you might miss out."</p> <p>* Shared ownership is probably the most affordable way for buyers on lower incomes to realise their dream of home ownership. Instead of buying outright, you buy between 25% and 75% and pay low rent on the remaining share. In our example, £75,375 buys 45% of a three-bed home with a full market value of £167,500&nbsp;− and a deposit of £3,769 assumes a 95% mortgage.</p> <p>Buyers can find out more about <a href="/{localLink:3076}" target="_blank" title="Tansey Green">Tansey Green</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> by calling us on <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> and follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/april/tansey-green-open-day/ http://www.bromfordhomes.co.uk/news/news/2014/april/tansey-green-open-day/ 07 April 2014 Colliers Green showhome for sale <p>WANT to live the dream? Then come on down to <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> because our stylish two-bed showhome could be yours − together with all the carpets, hard flooring, curtains and light fittings.</p> <p>That makes it the perfect purchase for <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> buyers who want to pick up their keys and move in with a flying start when it comes to furnishing their new home.</p> <p>You can snap up this dream property at New Arley, north Warwickshire, for as little as £55,125 through shared ownership&nbsp;− plus an additional payment of £4,950 to cover the cost of all those super showhome extras.</p> <p>"That's a big saving&nbsp;− and much less hassle&nbsp;− than it would be if you went out to the shops and bought the carpets, hard flooring, curtains and light fittings yourself," says Alan Bradley, Head of Sales at Bromford Homes.</p> <p>"It's a truly unique opportunity for one really fortunate customer to quite literally live the showhome dream&nbsp;− and, of course, to benefit from the same low deposits, low purchase prices and low monthly costs that apply to all of our new homes here at Colliers Green."</p> <p><img width="600" height="250" src="/media/419826/colliers-green-showhome-lounge_600x250.jpg" alt="Colliers Green showhome lounge"/><br /> <br /> Why is the two-bed showhouse (pictured above) being sold? Because we're opening a new three-bed showhome&nbsp;− just a few doors away&nbsp;− that will showcase the layout and additional space of the bigger property. The new three-bed showhome will open on Good Friday, April 18, with a special Easter holiday incentive of £250 towards legal costs for every buyer who reserves one of the few remaining homes.</p> <p>"With seven homes already reserved and buyers already starting to move in, it won't be long before the others are snapped up. So my advice to would-be homebuyers in this part of Coventry and Warwickshire is be quick or miss out&nbsp;− especially if you are interested in buying the two-bed showhome," says Alan.</p> <p>"Anyone who's already in a position to buy, could become the owner of this fabulous property by early May. All you have to do then is to pick up your keys, add your own furniture and other belongings and start a new chapter of your life at this popular development within easy reach of Nuneaton, Coventry and Tamworth."</p> <p><img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/><br /> <br /> Sales Consultant Harj Bahia agrees − and encourages local homebuyers on lower incomes to come along to Ransome Road (pictured above) and find out how they too can get onto the local property ladder for a fraction of what it would cost on the open market.</p> <p>"We've got TWO low-cost options here − <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> AND <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a>," says Harj. "Both are really affordable for would-be buyers who feel locked out of the property market and are probably renting from private landlords − part of what's now known as Generation Rent − or living at home with their folks."</p> <p>With shared ownership, you buy between between 25% and 75% of your new Bromford home − the amount depends on what you can afford − and pay low rent on the remaining share. In the case of Colliers Green, it costs as little as £55,125 for a typical 45% share of a two-bed house or £61,650 for a three-bed Cowley.</p> <p>The second option, HelpUbuy equity loan, allows you to buy your new Bromford home for just 80% of its purchase price − in the case of Colliers Green, around £98,000* for a two-bed home with a full market value of £122,500. You simply pay 5% deposit, which in this example is 5% of £98,000, plus the monthly mortgage payments on what you borrow − and no interest on the other 20% for up to five years and no rent either.</p> <p>To find out more about <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, shared ownership and equity loan, call <strong>0845 60 10 878</strong> or r<a href="/{localLink:2788}" target="_blank" title="Register for updates">egister your interest</a> online. You can also keep in touch by following on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/april/colliers-green-showhome-for-sale/ http://www.bromfordhomes.co.uk/news/news/2014/april/colliers-green-showhome-for-sale/ 04 April 2014 Shared ownership sales 2013-14 <p>STRONG demand from first-time buyers pushed our <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> sales to a record-breaking high of 214 during 2013-14.</p> <p>It's the first time that part-buy, part-rent completions have passed the 200 milestone in a single year&nbsp;− and there's no sign of any let-up in demand from would-be homebuyers on lower incomes.</p> <p>Builders are already working on a new wave of shared ownership homes that come with low deposits and low monthly costs, a long list of mod cons and other features, and great locations across central England.</p> <p>"It all adds up to a truly affordable way for would-be homebuyers on lower incomes to make the property dream come true," says Bromford Homes Head of Sales Alan Bradley.</p> <p>"Shared ownership's low deposits of around £3,000* and low monthly costs&nbsp;− <a href="/{localLink:3694}" target="_blank" title="Hope for Generation Rent">lower, on average, than it costs to rent</a> from a private landlord**&nbsp;− really do make all the difference for people who want a home they can call their own but can't afford to buy on their open market.</p> <p>"That's the secret behind this record-breaking total of completions. Being able to hand over so many new homes is such a rewarding achievement for me and all the other members of the Bromford Homes team. Each time we hand over the keys to a Bromford buyer is the moment when another property dream comes true, the moment when all their hopes and dreams come true."</p> <p><img width="600" height="250" src="/media/386315/brookfields-960x400_600x250.jpg" alt="Brookfields wide view"/><br /> <br /> Bromford Homes Sales Consultant Harj Bahia agrees. "This is definitely the best bit of our job," says Harj, who welcomed seven shared ownership buyers into their new homes at <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a> (pictured above), Shrewsbury, during March.<br /> <br /> "It's so rewarding to know that shared ownership's low deposits and low purchase prices have made all the difference to so many people. All of these buyers at Shrewsbury&nbsp;− and all our other developments across central England&nbsp;− would have been unable to get on the property ladder any other way."<br /> <br /> First-time buyer Thomas Turner (pictured below) is also a big fan of share ownership, having moved into his two-bed part-buy, part-rent home at St Mark's View, Cheltenham, last summer.</p> <p><img width="600" height="250" src="/media/417903/smv-thomast-case-study-keys_600x250.jpg" alt="Thomas Turner with keys"/><br /> <br /> Deposits and purchase prices are much more affordable with shared ownership, he confirms. "It's ideal for first-time buyers like me who want a house that they can make their own and don't want to wait until after they have saved up the enormous deposit that lenders require for an open market sale," says Thomas, one of several buyers to <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">tell their shared ownership story</a> during the year.</p> <p>Smaller mortgage payments plus low rent add up to a real win-win deal − and are typically less than than private renting. "Overall, I know I pay less each month than friends in the Cheltenham area who rent apartments and, unlike me, they are not going to get anything back over time," says Thomas. "I always advise people that shared ownership is a brilliant way to get started on the property ladder."</p> <p><img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/></p> <p>* In the case of <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> (pictured above) north Warwickshire, your deposit can be as little as £2,757. That assumes a 95% mortgage when buying a typical 45% share of a two-bed house with a full market value £122,500. That 45% share costs £55,125. In another typical example, <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a> in Lichfield, your deposit on a two-bed apartment could be just £3,098 if buying a typical 45% share for £60,750. The actual amount you buy depends on your financial circumstances but 45% is fairly typical and the maximum share is 75%. You pay low rent on the remaining share.</p> <p>** It costs £520 a month to rent a typical two-bed apartment in the Shropshire town of Telford, according to a comparison published by <em>HomeFocus</em> magazine. That's £93 more than it would cost someone buying a 50% share of the same £105,000 apartment through shared ownership. The same cost comparison also reveals that shared ownership is cheaper − by £57 a month − than it would be for someone buying that apartment through the Help to Buy 80% equity loan scheme.
</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:1182}" target="_blank" title="Find a home">Bromford developments</a> across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/april/shared-ownership-sales-2013-14/ http://www.bromfordhomes.co.uk/news/news/2014/april/shared-ownership-sales-2013-14/ 02 April 2014 Low-cost answer to deposits worry <p>SHARED ownership can help would-be homebuyers break through two of the biggest stumbling blocks that stand in the way of their property dream.</p> <p>Saving a deposit remains by far the biggest obstacle for potential first-time buyers, according to a new survey of current renters, and the second major worry is being able to afford the monthly mortgage repayments.</p> <p>Both costs are made much more affordable with our part-buy, part-rent scheme, says Bromford Homes Alan Bradley, and buyers like <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership case study couple</a> Matt and Clare (pictured below) clearly agree, with sales completions this year hitting a <a href="/{localLink:4021}" target="_blank" title="200 sales milestone">record high of well over 200</a> across central England.</p> <p>A typical shared ownership deposit on a new Bromford home is around £3,000*&nbsp;− less than half of what it would cost if buying a similar home on the open market. And the total monthly cost of our part-buy, part rent package is typically cheaper than the cost of renting a similar home from a private landlord&nbsp;− by almost £100 a month for the typical two-bed apartment quoted in another recent survey**.</p> <p><img width="600" height="250" src="/media/369669/larksrise-clare-matt-alt2-960x400_600x250.jpg" alt="LarksRise Matt&amp;Clare alt2"/></p> <p>"Shared ownership adds up to a real win-win deal for first-time buyers&nbsp;− with low-cost solutions to both of the major concerns that trouble them the most and stand in the way of making their home ownership dream come true," says Alan. "This is a really positive message for would-be homebuyers on lower incomes, especially those who feel their only option at the moment is to rent their home from a private landlord."</p> <p>According to the just-published survey of YourMove and Reeds Rains*** renters, an overwhelming 96% of tenants registered with them want to become homeowners. But six out of ten of those tenants say that building up a purchase deposit is an uphill struggle and the biggest factor that prevents them from buying, while the second most common concern is having enough income to support mortgage repayments.</p> <p>"These concerns reflect the views and experiences of many of the 200-plus first-time buyers that have gone on to see their property dream come true this year thanks to shared ownership with Bromford," says Alan. "They tell us that the low deposits make a huge difference and that the total monthly costs add up to less than it would cost to rent from a private landlord."</p> <p><img width="600" height="250" src="/media/417903/smv-thomast-case-study-keys_600x250.jpg" alt="Thomas Turner with keys"/><br /> <br /> A typical example is <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">first-time buyer Thomas Turner</a>, who strongly recommends share ownership to others having moved into his two-bed part-buy, part-rent home at St Mark's View, Cheltenham, last summer.</p> <p>Deposits and purchase prices are much more affordable with shared ownership, he confirms. "It's ideal for first-time buyers like me who want a house that they can make their own and don't want to wait until after they have saved up the enormous deposit that lenders require for an open market sale," says Thomas, pictured above.</p> <p>Smaller mortgage payments plus low rent also add up to a real win-win deal − and are typically less than than private renting. "Overall, I know I pay less each month than friends in the Cheltenham area who rent apartments and, unlike me, they are not going to get anything back over time," says Thomas. "I always advise people that shared ownership is a brilliant way to get started on the property ladder."</p> <p><img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/><br /> <br /> * In the case of <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> (pictured above) in north Warwickshire, your deposit can be as little as &nbsp;£2,757. That assumes a 95% mortgage when buying a typical 45% share of a two-bed house with a full market value £122,500. That 45% share costs £55,125. In another typical example, <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a> in Lichfield, your deposit on a two-bed apartment could be just £3,098 if buying a typical 45% share for £60,750. The actual amount you buy depends on your financial circumstances but 45% is fairly typical and the maximum share is 75%. You pay low rent on the remaining share.</p> <p>** It costs £520 a month to rent a typical two-bed apartment in the Shropshire town of Telford, according to a <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">comparison published by <em>HomeFocus</em> magazine</a>. That's £93 more than it would cost someone buying a 50% share of the same £105,000 apartment through shared ownership. The same cost comparison also reveals that shared ownership is cheaper − by £57 a month − than it would be for someone buying that apartment through the Help to Buy 80% equity loan scheme.<br /> <br /> *** Find out more about the findings of the <a href="http://www.mortgageintroducer.com/story.asp?storycode=249241&amp;newstype=N" target="_blank">survey</a> with Your Move and Reeds Rains tenants.</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:1182}" target="_blank" title="Find a home">Bromford developments</a> across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/march/low-cost-answer-to-deposits-worry/ http://www.bromfordhomes.co.uk/news/news/2014/march/low-cost-answer-to-deposits-worry/ 28 March 2014 Two left at Pennylands <p>LOW deposits and low monthly costs are unlocking the home ownership dream for first-time buyers at <a href="/{localLink:3861}" target="_blank" title="Pennylands">Pennylands</a> in the Cotswold town of Winchcombe.</p> <p>Five of the <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> houses have already been reserved&nbsp;− leaving just two more homes waiting to snapped up for a fraction of what it would cost to buy on the open market.</p> <p>This strong demand prompts a timely warning to other would-be buyers from Bromford Homes Head of Sales Alan Bradley: "Don't delay. These low-cost homes are selling fast&nbsp;− and, with just two left for now, it won't be long before they're all gone."</p> <p>Shared ownership makes it possible to buy a 45% share of a new two-bed house at Pennylands for just £78,750*&nbsp;− minimum deposit just £3,938*&nbsp;− and priority is being given to singletons, couples and young families with local connections in this sought-after part of Gloucestershire.</p> <p><img width="600" height="250" src="/media/416152/spoonley-pennylands-960_600x250.jpg" alt="Pennylands 960"/><br /> <br /> "These low-cost houses (pictured above) are ideal for local first-time buyers on lower incomes − people who want to stay where they've got family and friends but are being priced out as property values soar and wages fall behind," says Alan.</p> <p>"Both the purchase price and the deposit in this typical example are a fraction of what it would cost to buy a similar home on the open market. That's what makes shared ownership so affordable in the first instance − and it doesn't stop there. Several cost comparisons prove that the monthly cost of shared ownership is also really affordable − in most cases <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">less than it would cost to rent</a> a similar home from a private landlord."</p> <p>A second wave of shared ownership homes is also being built at the site off Greet Road, with two-beds set for completion in December and three-beds in February 2015. Three-bed prices are yet to be confirmed.</p> <p>* £78,750 would buy 45% of a new two-bed house with a full market value of £175,000. Your minimum deposit, assuming a 95% mortgage, would be £3,938.</p> <p>To find out more about <a href="/{localLink:3861}" target="_blank" title="Pennylands">Pennylands</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="http://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/march/two-left-at-pennylands/ http://www.bromfordhomes.co.uk/news/news/2014/march/two-left-at-pennylands/ 26 March 2014 Price rise warning <p>THE PROSPECT of another big rise in property prices has prompted a timely warning to first-time buyers on lower incomes from one of our <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> experts.</p> <p>That message is "buy now and make the most of current low-cost opportunities to get onto the property ladder" with part-buy, part-rent deal prices that start from around £54,000* and deposits that can be just £2,700*.</p> <p>The advice comes from Bromford Homes Head of Sales Alan Bradley in response to a widely-reported <a href="http://www.dailymail.co.uk/news/article-2586692/House-prices-set-soar-30-savers-raid-pension-funds-invest-property.html" target="_blank">forecast</a> that UK housing prices are to soar over the next four years as older people swap savings from pension funds to property. Their flow of funds&nbsp;− triggered by changes in last week's Budget&nbsp;− could see the price of the average UK home rise by 30% or £100,000, it's claimed, and, according to Alan, that's bound to have a knock-on effect for shared ownership prices too.</p> <p>"The whole point of low-cost shared ownership is to make homebuying possible for people who can't afford open market prices but want a home that they can call their own. So as things stand, you could buy a typical 45% share of a two-bed shared ownership home at, say, <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> (pictured below) near Nuneaton, for just £55,125** and a minimum deposit of just £2,757**," says Alan.</p> <p><img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/></p> <p>"These prices are a fraction of what a similar open market home would cost but they are tied to that market and if those prices go up&nbsp;− as forecast&nbsp;− then shared ownership prices will have to go up too. Inevitably, that means some would-be buyers could struggle or even miss out altogether in three or four years time.</p> <p>"We're not trying to put additional pressure on buyers. Far from it. We're just alerting them to the fact that if this forecast becomes a reality the home you could buy today could cost significantly more in a few years time."</p> <p>His message to anyone who qualifies for shared ownership, has saved enough to cover our typical low deposit of around £3,000 and can afford the monthly payments is to think really seriously about buying now.</p> <p>"You'll end up with an affordable home that you can call your own and <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">pay less on average</a> each month than you would if renting a similar home from a private landlord," says Alan.</p> <p><img width="600" height="250" src="/media/189534/lifestyle_1__960x400__600x250.jpg" alt="homepage banner couple"/><br /> <br /> "Shared ownership is not only more affordable than private renting&nbsp;− it's also more secure. That's crucial for young families and other typical buyers who want to put down roots in a particular area&nbsp;− usually near their family and friends, their local school and where they work.</p> <p>"They don't want to keep moving from house to house&nbsp;− often at fairly short notice&nbsp;− as many renters have to do because their landlord wants to up the rent or sell the property. Shared ownership can give you the peace of mind you don't get with renting. Of course, buying your own home is a big long-term investment and that's why we spend a lot of time going through personal finances with every customer and making sure they only buy what they can afford.<br /> <br /> "So if you've been thinking about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> or have just heard about it we encourage you to give us a call on <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online and we'll explain how it works and how it could make your property dream come true&nbsp;− just as it has for more than <a href="/{localLink:4021}" target="_blank" title="200 sales milestone">200 Bromford customers</a> this year."</p> <p><img width="594" height="264" src="/media/256927/larksrise-960x400_594x264.jpg" alt="Larks Rise Coventry"/><br /> <br /> * In the case of Coventry's <a href="/{localLink:3989}" target="_blank" title="Holmwood">Holmwood</a> or <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a> (pictured above), £54,000 would buy a typical 45% share of a two-bed home with an open market value of £120,000. A minimum 5% deposit on that share would be just £2,700.</p> <p>** £55,125 would buy a typical 45% share of a two-bed house with an open market value of £122,500 at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, near Nuneaton. A minimum 5% deposit would be just £2,757.</p> /news/news/2014/march/price-rise-warning/ http://www.bromfordhomes.co.uk/news/news/2014/march/price-rise-warning/ 24 March 2014 Brookfields movers <p>MOVING DAY fever swept one of our latest <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> developments with a surge of pre-weekend completions. Two first-time buyers collected their keys at <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a>, Shrewsbury, last Thursday&nbsp;− and two more saw their property dreams become a bricks-and-mortar reality the next day.</p> <p>Then a fifth completion followed this week. That means all but one of the eight Bromford-built houses are now occupied, with the final handover set to take place before the end of March.</p> <p>There to welcome all the part-buy owners and show them round their new two-beds was Bromford Homes Sales Consultant, Harj Bahia. "This is definitely the best bit of our job&nbsp;− the moment when a customer is handed the keys to a home that they can call their own, the moment when all their hopes and dreams come true," says Harj.</p> <p>"It's so rewarding to know that shared ownership's low deposits and low purchase prices have made all the difference to so many people. All of these buyers would have found it impossible to get on the property ladder any other way. Open market prices are simply out of their reach&nbsp;− especially in a sought-after town like historic Shrewsbury (pictured below), where property prices are high and average wages are relatively low."</p> <p><img width="599" height="333" src="/media/349210/shrewsbury-66-612x340_599x333.jpg" alt="Shrewsbury 5"/></p> <p>Bromford Homes Head of Sales Alan Bradley agrees. "Local first-time buyers were quick to snap up these shared ownership houses as soon as we opened our demonstration home. Deciding to buy really was the only logical thing to do once they could see the build quality and all the great features that come as standard with a Bromford home&nbsp;− as well as the great location here at Bagley Drive and, of course, the low deposit and low purchase price."</p> <p>In the case of Brookfields (pictured below), a typical 45% share of a two-bed home cost just £60,750 and the deposit could be just £3,038 with a 95% mortgage. The actual amount you buy with shared ownership depends on your financial circumstances but 25% is the lowest and the maximum share is 75%&nbsp;− with low rent paid on the remaining share.</p> <p><img width="600" height="250" src="/media/386315/brookfields-960x400_600x250.jpg" alt="Brookfields wide view"/></p> <p>"As you can see from our example here in Shrewsbury, shared ownership deposits are much cheaper than if you buy outright − and we've got several comparisons that prove the total monthly cost for a typical shared ownership buyer is less than it costs to rent privately," says Alan.</p> <p>"That's why people across central England keep saying YES to shared ownership and why we expect equally strong demand from first-time buyers at our next Shropshire development − <a href="/{localLink:4001}" target="_blank" title="Church View">Church View</a> at Telford's Donnington Wood.</p> <p>"Prices here have just been confirmed at just £58,500 for a 45% share of a two-bed home and my message to local first-time buyers is to be quick or you could miss out. We've got just four of these two and three-bed shared ownership homes so register now and take the first step towards seeing your dream of home ownership come true."</p> <p>To find out more about <a href="/{localLink:4001}" target="_blank" title="Church View">Church View</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/march/brookfields-movers/ http://www.bromfordhomes.co.uk/news/news/2014/march/brookfields-movers/ 21 March 2014 Northants prices revealed <p>WE'VE now confirmed some truly affordable prices for first-time buyers at our newest <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> developments in Northamptonshire.</p> <p>You can get onto the property ladder at <a href="/{localLink:3995}" target="_blank" title="Saxon Rise">Saxon Rise</a>, Brixworth&nbsp;− a popular village just outside Northampton&nbsp;− for as little as £65,250. That's enough to buy a 45% share of a new two-bed home&nbsp;− and your minimum deposit would be just £3,263*.</p> <p>Equally affordable shared ownership purchase prices can be found at <a href="/{localLink:3955}" target="_blank" title="Becket Manor">Becket Manor</a>, Deanshanger&nbsp;− just inside the Northants border, near Milton Keynes. You can buy 40% of a two-bed home here for just £74,000 with a minimum deposit of £3,700**.</p> <p>Both developments offer local homebuyers a low-cost way of making their property dreams come true, according to Bromford Homes Head of Sales Alan Bradley, and a cheaper alternative to private renting. "These low purchase prices and low deposits explain why so many first-time buyers in Northants and other parts of central England are saying a big YES to shared ownership," says Alan.</p> <p>"These high-quality, low-cost homes are ideal for people in and around these popular villages − people who want to stay in the place where they've got family and friends but can't afford to buy on the open market. Well the good news is that shared ownership really can&nbsp;− and does&nbsp;− unlock the door to a home that you can call your own. My advice to local first-time buyers is to call us now and find out how you can qualify, but be quick or risk missing out as we expect strong interest now that prices have been confirmed."</p> <p><img width="600" height="250" src="/media/416147/aleera-countess-manor-960_600x250.jpg" alt="Countess Manor 960"/></p> <p>So what's the secret of shared ownership's low prices? Well, instead of buying outright, you buy a share of your new Bromford home − 40-45% is fairly typical but it can be as much as 75% depending on your household income − and pay low rent on the remaining share.<br /> <br /> So, in the case of another Northants development, <a href="/{localLink:3484}" target="_blank" title="Countess Manor">Countess Manor</a> (pictured above), just £59,000 could buy 40% of a two-bed home with a full market value of £147,500 and a minimum 5% deposit on that share would be just £2,950.</p> <p>"Both the purchase price and the deposit in all our Northamptonshire examples are a fraction of what it would cost to buy a similar home on the open market," says Alan.</p> <p>"What's more, the monthly costs of shared ownership are affordable too − in most cases less than it would cost to rent a similar home from a private landlord. And you don't have to take our word for it&nbsp;− just listen to some of the 200-plus <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">shared ownership customers</a> who've collected keys to a new Bromford home this year. Shared ownership has made their property dreams come true and it can do the same for you."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our <a href="/{localLink:1182}" target="_blank" title="Find a home">new developments</a> call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* £65,250 buys a typical 45% of a two-bed home with a full market value of £145,000. Your minimum deposit on that share, assuming a 95% mortgage, would be just £3,263. ** £74,000 buys 45% of a two-bed home with a full market value of £185,000. Your minimum deposit on that share, assuming a 95% mortgage, would be just £3,700.</p> /news/news/2014/march/northants-prices-revealed/ http://www.bromfordhomes.co.uk/news/news/2014/march/northants-prices-revealed/ 19 March 2014 Twitter milestone <p>TWEET-TASTIC! We've flown past the 1,000 followers mark on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> thanks to first-time buyers and a wide range of other social media watchers.</p> <p>This milestone moment prompted a big thank-you to our "tweeps" from Bromford Homes Head of Sales Alan Bradley&nbsp;− and a friendly reminder to other would-be homebuyers about the benefits of following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>Social media offers you an easy, friendly and informal way of being "in the know" about our <a href="/{localLink:1182}" target="_blank" title="Find a home">latest shared ownership developments</a>, money-saving <a href="/{localLink:1505}" target="_blank" title="Incentives">incentives</a> and other special offers.</p> <p>It's also a good idea to <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> if you're looking for a low-cost way of getting onto the property ladder through our affordable part-buy, part-rent deal&nbsp;− also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>Signing up online means we can send you regular email updates about the developments you like while our tweets and Facebook postings will give you instant updates every time we've got something new, interesting and useful to share with you.</p> <p><img width="600" height="250" src="/media/232327/facebookbh_600x250.jpg" alt="Bromford Homes goes digital"/><br /> <br /> "This is an exciting time for us as we head for the end of a really successful year with more than <a href="/{localLink:4021}" target="_blank" title="200 sales milestone">200 shared ownership completions</a>&nbsp;− and a new wave of developments coming soon," Alan tells would-be homebuyers.</p> <p>"There's no doubt social media has played a growing role in helping us to spread the word about these truly affordable shared ownership opportunities across central England. It could be the launch of a new development in your area, an open day to explain the benefits of shared ownership, a fresh incentive like free carpets with selected homes or one of our homebuyers sharing their own experience in the form of a <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">case study</a>.</p> <p>"These daily tweets and other digital updates make it really easy to get a heads-up while you go about your busy lives − especially if, like so many people these days, you're used to using a smartphone or other mobile device rather than a PC.</p> <p>"My message to anyone who might want to buy a great Bromford home like the hundreds of other people who've said such an enthusiastic YES to shared ownership is sign up, follow and friend if you don't want to miss out."</p> /news/news/2014/march/twitter-milestone/ http://www.bromfordhomes.co.uk/news/news/2014/march/twitter-milestone/ 13 March 2014 Lichfield affordability <p><a href="/{localLink:1446}" target="_blank" title="Shared ownership">SHARED ownership</a> offers first-time buyers one of the few affordable ways to get onto Lichfield's high-price property ladder.</p> <p>That's the message of encouragement from Bromford Homes after the publication of new research* that highlights the Staffordshire cathedral city as one of the top 20 least affordable places to buy property in the UK.</p> <p>Lichfield is also one of only three places outside of the South that features in the table of 20 LEAST affordable cities&nbsp;− together with Leicester and York&nbsp;− and the only place in the West Midlands. Birmingham, Hereford and Stoke On Trent all feature in the Lloyds table of 20 MOST affordable cities.</p> <p>Publication of the tables, which reveals that houses in the least affordable cities sell for as much as 11 times the average local salary, prompted this reaction from Bromford Homes Head of Sales Alan Bradley. "These statistics make grim reading for anyone who wants to get onto the property ladder in a sought-after place like Lichfield," he says.</p> <p><img width="425" height="177" src="/media/261464/lichfield_stowe_pool_425x177.jpg" alt="Lichfield cityview"/><br /> &nbsp;<br /> "According to this survey, house prices here cost more than six times the average local wage and that almost certainly means that, for many first-time buyers, the property dream is out of their reach. For them and many would-be homebuyers on lower incomes their only hope is shared ownership. Instead of buying outright, you buy a share of your new home&nbsp;− 45% is fairly typical&nbsp;− and pay low rent on the remaining share.</p> <p>"This makes the initial purchase price&nbsp;− and, most importantly, the deposit&nbsp;− that first-time buyers have to pay much more affordable. So is your typical monthly cost − lower, on average, than it costs to rent a similar home from a private landlord. These lower costs make all the difference and we've got more than 200 shared ownership buyers across central England this year to testify to the fact."<br /> &nbsp;<br /> Alan points to an example like Greyfriars House (pictured below), a short walk from Lichfield's bustling city centre, where a 45% share of a two-bed apartment costs just £60,750 and the deposit could be just £3,038 with a 95% mortgage. The actual amount you buy depends on your financial circumstances but 45% is fairly typical and the maximum share is 75%.</p> <p><img width="425" height="305" src="/media/252099/greyfriars_425x305.jpg" alt="Greyfriars 425x305"/><br /> &nbsp;<br /> "Shared ownership really does offer hope for buyers who would otherwise be priced out of the market in a desirable place like Lichfield, where property values are relatively high and average wages relatively low. Our low purchase prices and low deposits make all the difference&nbsp;− especially at a time like this when house prices-to-earnings ratios are already high and average property prices are rising fast."</p> <p>To find out more about <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* Source: Lloyds Bank. House prices from Halifax price index, earnings data from ONS Annual Survey of Hours and Earnings. To see both top 20 tables in full, go to <a href="http://www.lloydsbankinggroup.com/media/press-releases/2014/lloyds-bank/over-four-in-five-uk-cities-see-home-affordability-improve-since-2009/" target="_blank">Lloyds</a> or this <a href="http://news.uk.msn.com/city-living-is-less-affordable" target="_blank">online news</a> report.</p> /news/news/2014/march/lichfield-affordability/ http://www.bromfordhomes.co.uk/news/news/2014/march/lichfield-affordability/ 11 March 2014 Brookfields all gone <p>SHREWSBURY'S first-time buyers have said a resounding YES to our shared ownership homes at <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a>.</p> <p>The last of eight two-bed houses off Bagley Drive were snapped up last week and other buyers have already started to move in. It's the latest <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> success story in a record year for Bromford completions with 200-plus buyers choosing shared ownership as the affordable way of getting onto the property ladder.</p> <p>And the story's not finished yet, according to Bromford Homes Head of Sales Alan Bradley. "We've got many more completions in the pipeline before the end of March; many more singletons, couples and families who will see their homebuying dream come true thanks to shared ownership," says Alan.</p> <p>"Brookfields is a prime example of how shared ownership makes all the difference for first-time buyers on lower incomes&nbsp;− buyers who would probably be priced out of the market in a sought-after place like Shrewsbury, where property values are relatively high and average wages relatively low. Our low purchase prices and low deposits make all the difference&nbsp;− especially at a time like this when average property prices are rising fast."</p> <p>So what's different with shared ownership? Well, instead of buying outright, you buy a share of your new Bromford home and pay low rent on the remaining share. This means your deposit is much lower and so is your typical monthly cost − lower, in fact, than it costs to rent a similar home from a private landlord.</p> <p><img width="600" height="250" src="/media/386315/brookfields-960x400_600x250.jpg" alt="Brookfields wide view"/><br /> <br /> In the case of Brookfields (pictured above), a 45% share of a two-bed home cost just £60,750 and the deposit could be just £3,038 with a 95% mortgage. The actual amount you buy depends on your financial circumstances but 45% is fairly typical and the maximum share is 75%.</p> <p>"As you can see from our example here in Shrewsbury, shared ownership deposits are much cheaper than if you buy outright − and we've got several comparisons that prove the total monthly cost for a typical shared ownership buyer is less than it costs to rent privately," says Alan.<br /> <br /> "That's why people keep saying YES to shared ownership and why we expect strong demand from first-time buyers at our next Shropshire development&nbsp;− <a href="/{localLink:4001}" target="_blank" title="Church View">Church View</a> at Donnington Wood in Telford. Prices here are yet to be confirmed but they will be equally affordable and my message to local first-time buyers is to be quick or you could miss out. We've got just four of these two and three-bed shared ownership homes so register now and take the first step towards seeing your dream of home ownership come true."</p> <p>To find out more about Church View and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/march/brookfields-all-gone/ http://www.bromfordhomes.co.uk/news/news/2014/march/brookfields-all-gone/ 07 March 2014 Low deposits offer hope <p>SHARED ownership's low deposits offer real hope for first-time buyers who fear they're being priced out of the property market by soaring property values.</p> <p>That's the reassuring reaction from Bromford Homes to a new survey that reveals a whacking 16% increase in the average purchase price&nbsp;− now at £155,832&nbsp;− for first-time buyers on the open market.</p> <p>This big increase also bumped up the average first-time buyer deposit to £27,500 in January 2014&nbsp;− up £537 from a year ago&nbsp;− according to the <a href="http://www.lslps.co.uk/documents/First_time_buyer_tracker_feb14.pdf" target="_blank">First Time Buyer Tracker</a> from LSL Property Services.</p> <p>Bromford Homes Head of Sales Alan Bradley describes the increases as depressing news for would-be homebuyers who are saving hard so that they can afford to to take their first step on the property ladder.</p> <p>"We know how tough it is for first-time buyers to read these headlines and see their dreams apparently move further and further from their reach," says Alan.</p> <p>"It's hard for these buyers&nbsp;− especially those on lower incomes&nbsp;− to save that all-important initial deposit even though many mortgage lenders are now prepared to offer them 95% mortgages.</p> <p>"Well, the good news for them can be summed up in just two words&nbsp;− <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>. Instead of buying your first home outright, you buy a typical share of say 45% and that means your deposit can be as little as £2,700*.</p> <p>"Compare that with the huge average deposit quoted by the new survey and you can understand why so many first-time buyers are saying YES to shared ownership and YES to a new Bromford home."</p> <p><img width="600" height="250" src="/media/196960/beeches_home_big_slider_600x250.jpg" alt="Beeches be quick"/></p> <h4>How does it work?</h4> <p>* With shared ownership, you buy between 25% and 75% of your new home − the actual amount depends on what you can afford, with around 45% being typical − and pay low rent on the remaining share. This means, for example, that you can get on the property ladder at <a href="/{localLink:2823}" target="_blank" title="The Beeches">The Beeches</a> (pictured above) in Northfield, Birmingham, for £54,000 − that's 45% of the remaining two-bed home with a full market value of £120,000 − and a minimum 5% deposit of £2,700.<br /> <br /> Shared ownership buyers can increase the amount they own through a process called staircasing. To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and Bromford developments across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/march/low-deposits-offer-hope/ http://www.bromfordhomes.co.uk/news/news/2014/march/low-deposits-offer-hope/ 04 March 2014 200 sales milestone <p>MONDAY was a red letter day for one first-time buyer at <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a>, Shrewsbury&nbsp;− and for <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> here at Bromford Homes.</p> <p>Why? Because it's the day we handed over the keys to our latest low-cost home-owner in central England and helped them to take their first step onto the property ladder. It's also the day when Bromford shared ownership sales completions hit the magical 200 milestone this year.</p> <p>And there are many more moving-in days planned before the end of 2013-14, according to Bromford Homes Head of Sales Alan Bradley. "We're delighted that this first-time buyer&nbsp;− and all of our buyers&nbsp;− are seeing their property dream come true thanks to shared ownership," says Alan.</p> <p>"The part-buy, part-rent deal really does make a difference to people on lower incomes, people who aspire like so many of us to owning their own home but simply can't afford to buy on the open market.</p> <p>"Shared ownership deposits are truly affordable&nbsp;− just over £3,000 if you're buying a typical 45% of a two-bed Bromford home at, say, Brookfields (pictured below) − and the total monthly cost is cheaper on average than it is to rent from a private landlord.</p> <p><img width="600" height="250" src="/media/386315/brookfields-960x400_600x250.jpg" alt="Brookfields wide view"/><br /> <br /> "Shared ownership is also a much more secure alternative to private renting&nbsp;− a really important consideration for young families who don't want to be moving from place to place at the whim of a landlord. This explains why so many people are saying such an enthusiastic YES to shared ownership and why we hope to achieve many more completions by the end of March."</p> <p>With shared ownership, you buy between 25% and 75% of your new home − the actual amount depends on what you can afford, with around 45% being typical − and pay low rent on the remaining share. This means, for example, that you can get on the property ladder at <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a> in Shrewsbury for £60,750 − that's 45% of the remaining two-bed home with a full market value of £135,000 − and a minimum 5% deposit of £3,038.</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and Bromford developments across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/february/200-sales-milestone/ http://www.bromfordhomes.co.uk/news/news/2014/february/200-sales-milestone/ 24 February 2014 Home Truths West Mids <p>BROMFORD Homes is backing the latest National Housing Federation call to build more affordable homes in the region.</p> <p>The "Yes to Homes" call is given fresh impetus with the publication today (Friday) of <em>Home Truths 2014: West Midlands</em>, a hard-hitting NHF report that reveals the region's housing market is now at breaking point.</p> <p>Less than half the homes needed are being built each year, says the report, and the shortage makes housing more and more unaffordable in the West Midlands.</p> <p>Key findings highlighted by the report include:</p> <ul> <li>House prices soared 56% between 2002 and 2012, with the average home now costing nearly nine times the average wage at £173,378</li> <li>Private rents in the region have risen even faster than house prices, soaring 61% between 2002 and 2012, and are set to rise another 39% by 2020. In some local authority areas such as Stratford-on-Avon, rents have risen by around 7% in the last year alone&nbsp;− up in that case to an average of £835 a month</li> <li>It costs £34,676 just to put down a deposit on the average open market home in the West Midlands.</li> </ul> <p>Bromford Homes Head of Sales Alan Bradley supports the NHF, saying: "It's clear to anyone reading <em>Home Truths 2014: West Midlands</em> that the region needs more affordable homes. Open market property prices are unaffordable for so many people on ordinary incomes and the problem is getting worse as wages lag behind the rise in housing costs.</p> <p>"We know from our own experience that <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes are part of the answer&nbsp;− this year alone we've helped almost 200 <a href="/{localLink:3937}" target="_blank" title="Shared ownership case studies">shared ownership buyers</a> to get onto the property ladder. But, of course, it's a much wider problem and that's why we support the NHF Yes to Homes campaign."</p> <p>Gemma Duggan, West Midlands external affairs manager for the NHF, urges local people to contact local councillors and say "Yes to Homes".</p> <p>"High house prices, rising rents and comparatively low wages in the West Midlands are not only making life extremely difficult for people living and working in the region, but they are also affecting employers and businesses and risk holding back economic growth," she says.<br /> <br /> "We need Local Enterprise Partnerships to work with local councils, housing associations and others to take a strategic lead on getting more homes built at the right price in the right places, which will help revitalise communities and create jobs. Local people also have an important role to play. Those who want more housing in the West Midlands need to contact local councillors and say Yes to Homes.</p> <p>"With more support, housing associations across the West Midlands can be real catalysts for change for local communities. They are in it for the long term and can actively drive forward a balanced economic recovery."</p> <p>To find out more about <em>Home Truths 2014: West Midlands</em> and how the federation worked out its statistics, visit the <a href="http://www.housing.org.uk/publications/browse/home_truths_2013-14_west_midlands" target="_blank">NHF website</a>. You can also find out more at <a href="http://www.yestohomes.co.uk" target="_blank">Yes to Homes</a>.</p> /news/news/2014/february/home-truths-west-mids/ http://www.bromfordhomes.co.uk/news/news/2014/february/home-truths-west-mids/ 21 February 2014 Countess Manor launch <p>BUYERS have a low-cost chance to make their property dream come true at our newly-launched development on the edge of a popular village just outside Northampton.</p> <p>You can get onto the property ladder at <a href="/{localLink:3484}" target="_blank" title="Countess Manor">Countess Manor</a>, Moulton, for just £59,000 and your deposit could be as little as £2,950&nbsp;− thanks to Bromford's popular part-buy, part-rent deal − also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>We've got just eight of these two-bed and three-bed affordable homes coming onto the market so Bromford Homes Head of Sales Alan Bradley urges first-time buyers in this rural part of Northamptonshire to be quick or risk missing out on your pick of the plots.</p> <p>"These high-quality, low-cost homes are ideal for younger people in and around Moulton − people who want to stay in the place where they've got family and friends but can't afford to buy on the open market," says Alan.</p> <p>"Affordability is a huge problem for would-be homebuyers on lower incomes and the simple truth is that many are being priced out of homeownership as property values soar and wages fall a long way behind."<br /> <br /> He cites the latest research from PricedOut, the campaign for lower-cost housing, which reveals that nearly 250,000 private renters have been excluded from homeownership by the recent surge in property values.</p> <p><img width="600" height="250" src="/media/416147/aleera-countess-manor-960_600x250.jpg" alt="Countess Manor 960"/><br /> <br /> The good news for would-be buyers like this is that shared ownership can still unlock the door to a home that you can call your own, says Alan.<br /> <br /> The secret? Instead of buying outright, you buy a share of your new Bromford home − 40% is fairly typical but it can be as much as 75% depending on your household income − and pay low rent on the remaining share. So, in the case of Countess Manor, £59,000 could buy 40% of a two-bed home with a full market value of £147,500 and a 5% deposit on that share would be just £2,950.<br /> <br /> "Both the purchase price and the deposit in this example are a fraction of what it would cost to buy a similar home on the open market. What's more, the monthly costs of shared ownership are truly affordable − in most cases less than it would cost to rent a similar home from a private landlord," says Alan.</p> <p>"It all adds up to a truly affordable opportunity for first-time buyers in this part of rural Northamptonshire − and since we've got just eight homes here at Moulton my advice would be to be quick or you'll miss out on your pick of the plots."<br /> <br /> To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:3484}" target="_blank" title="Countess Manor">Countess Manor</a>, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/february/countess-manor-launch/ http://www.bromfordhomes.co.uk/news/news/2014/february/countess-manor-launch/ 20 February 2014 Brookfields last one <p>IT'S all go at our low-cost <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a> shared ownership development in Shrewsbury. All but ONE of these two-bed houses have now been snapped up by first-time buyers for as little as £60,750*.</p> <p>And the first buyers are hoping to move in this month as our <a href="/{localLink:3690}" target="_blank" title="Pete Hamon/Penny Meadow Pride win">award-winning site manager</a> and his in-house construction team push to compete this top-quality development by the end of this week.</p> <p>Three more reservations brought the sales total to seven this week and, with just a single home left unsold, Bromford Homes Head of Sales Alan Bradley has this message for other would-be buyers...</p> <p>"When they're gone, they're gone," he says. "Brookfields offers local first-time buyers a rare opportunity to get on to the property ladder in this historic market town at a price you can afford thanks to our part-buy, part-rent deal − also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and if you reserve and complete by the end of March you can still qualify for our <a href="/{localLink:1507}" target="_blank" title="Carpets included">free carpets incentive</a>."</p> <p>How does shared ownership work? Well, instead of buying outright, you buy a share of your new Bromford home and pay low rent on the remaining share. This means your deposit is much lower and so is your typical monthly cost&nbsp;− lower, in fact, than it costs to rent a similar home from a <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">private landlord</a>.</p> <p>* In the case of Brookfields, a 45% share of a two-bed home would cost you just £60,750 and your deposit could be just £3,038 with a 95% mortgage. The actual amount you buy depends on your financial circumstances but 45% is fairly typical and the maximum share is 75%.<br /> <br /> <img width="600" height="250" src="/media/386315/brookfields-960x400_600x250.jpg" alt="Brookfields wide view"/><br /> <br /> "As you can see from our example, shared ownership deposits are much cheaper than if you buy outright − and we've done comparisons that prove the total monthly cost for a typical shared ownership buyer is less than it costs to rent privately," says Alan.</p> <p>"That's why people keep saying YES to shared ownership and why we expect the remaining homes here at Brookfields will be snapped up pretty quickly too.</p> <p>"With the demo home opened just after Christmas, our award-winning site manager Pete Hamon and his in-house construction team are hoping to finish onsite today (Friday). If all goes well, we will be handing over the keys to our first shared ownership buyer very soon indeed&nbsp;− and watching their dream of home ownership come true."</p> <p>To find out more about <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a>, <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our <a href="/{localLink:1507}" target="_blank" title="Carpets included">free carpets incentive</a> call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* This is an updated version of a story that was first published on February 11</p> /news/news/2014/february/brookfields-last-one/ http://www.bromfordhomes.co.uk/news/news/2014/february/brookfields-last-one/ 14 February 2014 Bugbrooke launch <p>FIRST-TIME buyers in a sought-after Northamptonshire village are being offered a rare opportunity to get on the property ladder at a price that they can afford.</p> <p>Three low-cost starter homes are being built at <a href="/{localLink:3046}" target="_blank" title="Church Fields">Church Fields</a>, Bugbrooke, and one of them could be yours for as little as £68,000. That's enough to buy a 40% share through Bromford's part-buy, part-rent deal&nbsp;− also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and your minimum deposit could be as little as £3,400*.</p> <p>Bromford Homes Head of Sales highlights the trio of two-bed houses as ideal for local first-time buyers on lower incomes. "We know how hard it is for younger people in rural communities such as Bugbrooke&nbsp;− people who want to stay in the place where they've got family and friends but can't afford to buy on the open market," says Alan.</p> <p>"It's a huge problem that's been highlighted time and again by the National Housing Federation&nbsp;− our industry lobby group&nbsp;− and the simple truth is that younger people are being priced out of rural England as property prices soar and wages fall a long way behind."</p> <p>Shared ownership offers first-time buyers in communities like Bugbrooke (pictured below) a truly affordable chance to get on the property market, argues Alan.</p> <p><img width="423" height="235" src="/media/349884/bugbrooke34-612x340_423x235.jpg" alt="Bugbrooke 4"/><br /> <br /> The secret? Instead of buying outright, you buy a share of your new Bromford home&nbsp;− 40% is fairly typical but it can be as much as 70% depending on your household income&nbsp;− and pay low rent on the remaining share. So, in the case of <a href="/{localLink:3046}" target="_blank" title="Church Fields">Church Fields</a> (pictured below), £68,000 would buy a 40% share of a two-bed Everdon with a full market value of £170,000 and a 5% deposit on that typical share would be just £3,400.</p> <p><img width="399" height="305" src="/media/399573/peacehill-7-and-8_399x305.jpg" alt="The Knightley"/></p> <p>"Both the purchase price and the deposit in this typical example are a fraction of what it would cost to buy a similar home on the open market," says Alan.</p> <p>"That's what makes shared ownership so affordable in the first instance&nbsp;− and it doesn't stop there. Several cost comparisons prove that the monthly cost of shared ownership is also really affordable&nbsp;− in most cases less than it would cost to rent a similar home from a private landlord.</p> <p>"It all adds up to a real message of hope for young people&nbsp;− especially those living in rural communities − who fear that they will never be able to afford a home that they can call their own and believe their only option is private rent."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and opportunities to buy in your area, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/february/bugbrooke-launch/ http://www.bromfordhomes.co.uk/news/news/2014/february/bugbrooke-launch/ 14 February 2014 Valentine's weekend <p>WE'RE organising a special Valentine's "date" so that you can find out why so many first-time buyers are falling in love with our low-cost homes.</p> <p>We're setting the scene for the "big romance" with free chocolate roses adding to the charms of our <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a> demo home in LIchfield and <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> showhome in New Arley all weekend (Feb 15 and 16). We're also doing the same thing on Saturday at <a href="/{localLink:3749}" target="_blank" title="The Pastures">The Pastures</a>, Alcester</p> <p>Our sales consultants will be there to act as "matchmaker" by explaining how you can buy a <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> home for a truly affordable price − and, in the case of Greyfriars House and Colliers Green, qualify for a <a href="/{localLink:1507}" target="_blank" title="Carpets included">special incentive</a> if you reserve and complete by the end of March.</p> <p>Typical purchase prices range from £55,125* for a 45% share of a two-bed shared ownership house at Colliers Green to £61,400** for a 40% share of a two-bed apartment at Lichfield or £76,275*** for a 45% share of a two-bed Avon at The Pastures. Deposits can be as little as £2,757* in an example like the Greyfriars House.</p> <p>The secret to these low prices is our popular part-buy, part-rent deal&nbsp;− also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and with sales this year heading for 200, Bromford Homes Head of Sales Alan Bradley encourages more homehunters to come along and "feel the love".</p> <p>"It's clear that first-time buyers across central England love shared ownership and they love their Bromford homes − so we wanted to celebrate that fact here at Greyfriars House (pictured below) and two of our newest developments with our special Valentine's event," says Alan.</p> <p><img width="425" height="305" src="/media/252099/greyfriars_425x305.jpg" alt="Greyfriars 425x305"/><br /> <br /> "Buying a home is probably the biggest investment you'll ever make and that's why it's so important to do all the sensible things like making sure the quality is right and that your home is packed with all the features that you want.</p> <p>"We know that Bromford ticks all of those boxes in style but we also understand that, for most people, they are making an emotional investment as well as a financial one. For them, househunting is also about finding the home of their dreams; they want to fall in love with it.</p> <p>"Entering into the Valentine's spirit is a good way of letting people do exactly that − and we look forward to seeing the start of some more love stories involving shared ownership buyers."</p> <p>The Greyfriars demo apartment is open Saturday and Sunday from 10am to 4pm and the Colliers Green showhome is open from 10am to 1pm on both days. We're open at The Pastures on Saturday only from 10am to 4pm. To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, any of our developments and our <a href="/{localLink:1507}" target="_blank" title="Carpets included">special incentives</a> at selected developments, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* £55,125 would buy a typical 45% share of a two-bed home with a full market value of £122,500. Assuming a 95% mortgage on that share, the deposit would be £2,757.</p> <p>* £61,400 would buy a typical 40% share of a two-bed apartment with a full market value of £153,500. Assuming a 95% mortgage on that share, the deposit would be £3,070.</p> <p>* £76,275 would buy a typical 45% share of a two-bed home with a full market value of £169,500. Assuming a 95% mortgage on that share, the deposit would be £3,814.</p> /news/news/2014/february/valentines-weekend/ http://www.bromfordhomes.co.uk/news/news/2014/february/valentines-weekend/ 12 February 2014 Northants buyer hope <p>THE DREAM of buying your own home is coming true for dozens of <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> buyers in Northamptonshire − and for less on average than it costs to rent from a private landlord.</p> <p>First-time buyer demand is so strong that we've sold all of our part-buy, part-rent homes at <a href="/{localLink:3040}" target="_blank" title="Middlemore Heights">Middlemore Heights</a>, Daventry, and <a href="/{localLink:3027}" target="_blank" title="Tove Grange">Tove Grange</a>, Belle Baulk, Towcester.</p> <p>Now we've got three more low-cost developments across the county where buyers can get onto the property ladder for as little as £51,625. That's enough to buy a 35% share of a two-bed shared ownership home at <a href="/{localLink:3484}" target="_blank" title="Countess Manor">Countess Manor</a>, Moulton, with a deposit that could be as low as £2,582* with a 95% mortgage.</p> <p>First-time buyers have two more opportunities to get onto the property ladder in the county − at <a href="/{localLink:3046}" target="_blank" title="Church Fields">Church Fields</a> in the picturesque village of Bugbrooke and <a href="/{localLink:3955}" target="_blank" title="Becket Manor">Becket Manor</a>, Deanshanger, just north of Milton Keynes.</p> <p>We've got just three shared ownership homes at Bugbrooke (pictured below) − with a typical 40% share selling for as little as £68,000**&nbsp;− and 10 homes at Deanshanger, one of our newest developments, where prices are yet to be confirmed.</p> <p><img width="399" height="305" src="/media/399573/peacehill-7-and-8_399x305.jpg" alt="The Knightley"/><br /> <br /> Bromford Homes Head of Sales Alan Bradley urges local first-time buyers to grab these great opportunities while they can. "Northamptonshire is like many places these days − property prices are often fairly high and incomes relatively low for ordinary working people," he says.</p> <p>"This is especially true of attractive, rural, sought-after places like Moulton or Bugbooke, where it's especially difficult for first-time buyers to get on to the property ladder. We know that people still aspire to own their own home − and shared ownership can make that dream come true at an initial price that people can afford and a monthly cost that is typically cheaper than renting a similar home from a private landlord.</p> <p>"It's a real win-win for first-time buyers on lower incomes and a growing number of people who, before the credit crunch, would probably have been able to buy a first home the traditional way. People can have a combined household income of up to £60,000 and still qualify for shared ownership."<br /> <br /> With shared ownership, buyers purchase between 25% and 75% of a new Bromford home rather than buy outright − the exact amount depends on their income − and pay low rent on the remaining share.</p> <p><img width="425" height="305" src="/media/393554/aleera-425x305.jpg" alt="The Aleera"/></p> <p>"The strong demand we've experienced at Daventry and Towcester says it all&nbsp;− every home is now reserved and buyers are already starting to move in and enjoy the benefits of living in a home they can call their own," says Alan.</p> <p>"It's no wonder then that so many first-time buyers from Northamptonshire − and the rest of central England − are saying such a big YES to shared ownership. And we predict a similar response from buyers at Bugbrooke, Deanshanger and Moulton (pictured above)."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and opportunities to buy in your area, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.<br /> <br /> * £51,625 would buy a 35% share of a two-bed house with a full market value of £147,500. A deposit of £2,582 assumes a 95% mortgage on that minimum share.<br /> <br /> ** £68,000 would buy a typical 40% share of a two-bed house with a full market value of £170,000. Assuming a 95% mortgage on that minimum share, the deposit would be £3,400.</p> /news/news/2014/february/northants-buyer-hope/ http://www.bromfordhomes.co.uk/news/news/2014/february/northants-buyer-hope/ 11 February 2014 Brookfields last two <p>IT'S all go at our low-cost <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a> shared ownership development in Shrewsbury. Most of these two-bed houses have now been snapped up by first-time buyers&nbsp;− leaving just TWO homes up for grabs for as little as £60,750*.</p> <p>And the first buyers are hoping to move in this month as our <a href="/{localLink:3690}" target="_blank" title="Pete Hamon/Penny Meadow Pride win">award-winning site manager</a> and his in-house construction team push to compete this top-quality development by the end of this week.</p> <p>Two more reservations at the end of last week brought the sales total to six and, with just two homes left unsold, Bromford Homes Head of Sales Alan Bradley has this message for other would-be buyers...</p> <p>"When they're gone, they're gone," he says. "Brookfields offers local first-time buyers a rare opportunity to get on to the property ladder in this historic market town at a price you can afford thanks to our part-buy, part-rent deal − also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and if you reserve and complete by the end of March you can still qualify for our <a href="/{localLink:1507}" target="_blank" title="Carpets included">free carpets incentive</a>."</p> <p>How does shared ownership work? Well, instead of buying outright, you buy a share of your new Bromford home and pay low rent on the remaining share. This means your deposit is much lower and so is your typical monthly cost&nbsp;− lower, in fact, than it costs to rent a similar home from a <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus">private landlord</a>.</p> <p>* In the case of Brookfields, a 45% share of a two-bed home would cost you just £60,750 and your deposit could be just £3,038 with a 95% mortgage. The actual amount you buy depends on your financial circumstances but 45% is fairly typical and the maximum share is 75%.<br /> <br /> <img width="600" height="250" src="/media/386315/brookfields-960x400_600x250.jpg" alt="Brookfields wide view"/><br /> <br /> "As you can see from our example, shared ownership deposits are much cheaper than if you buy outright − and we've done comparisons that prove the total monthly cost for a typical shared ownership buyer is less than it costs to rent privately," says Alan.</p> <p>"That's why people keep saying YES to shared ownership and why we expect the remaining homes here at Brookfields will be snapped up pretty quickly too.</p> <p>"With the demo home opened just after Christmas, our award-winning site manager Pete Hamon and his in-house construction team are now putting the finishing touches to the last few houses. If all goes well, we will be handing over the keys to our first shared ownership buyer very soon indeed&nbsp;− and watching their dream of home ownership come true."</p> <p>To find out more about <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a>, <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our <a href="/{localLink:1507}" target="_blank" title="Carpets included">free carpets incentive</a> call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/february/brookfields-last-two/ http://www.bromfordhomes.co.uk/news/news/2014/february/brookfields-last-two/ 11 February 2014 And baby makes three <p>THE STORK has made a flying visit to our <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> video stars Matt and Clare at <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a>, Coventry! Baby Toby-James arrived this week weighing in at 7lb 12oz and is doing very well, according to proud dad Matt.</p> <p>"It's been an amazing year for us&nbsp;− buying our first home together, moving in and now we're a family with the birth of little Toby-James. We're so happy. Our lives have changed forever," says Matt, pictured below with Clare, who gave birth at Coventry's University Hospital.</p> <p>Clare is revelling in her new role as mum. "He's a lovely baby and we're so proud of him," she says.</p> <p>The couple found out that Clare was expecting just before taking part in a special Bromford video shoot where they talked about their shared ownership experience after buying just over half of their two-bed Larks Rise house.</p> <p><img width="600" height="250" src="/media/369664/larksrise-clare-matt-alt-960x400_600x250.jpg" alt="LarksRise Matt&amp;Clare alt"/><br /> <br /> In the video, they explain everything from why they wanted to take their first step on to the property ladder to how shared ownership&nbsp;− where you buy between 25% and 75% of your new Bromford home and pay low rent on the remaining share&nbsp;− made it possible for them to make their dream come true... all in little more than three minutes.<br /> <br /> Bromford Homes Head of Sales Alan Bradley offered his warm congratulations to the couple&nbsp;− and little Toby-James.</p> <p>"We're so pleased for Matt and Clare. They're a lovely couple and we really appreciate the way they've worked with us to help spread the word about shared ownership since moving in last year," says Alan.</p> <p>"The shared ownership video turned them into stars from a Bromford point of view&nbsp;− and now, of course, they've got a little star of their own. We wish them all the very best now and in the future."</p> <p><img width="594" height="264" src="/media/256927/larksrise-960x400_594x264.jpg" alt="Larks Rise Coventry"/><br /> <br /> First-time buyers like Matt and Clare will have four more chances to get on the property ladder at <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a> (pictured above)&nbsp;− one of our fast-selling shared ownership developments during 2013-14&nbsp;− with a second phase of homes due to go on sale towards the end of March.</p> <p>Prices for a two-bed Ashford will start from £54,000 for a 45% share and a 5% deposit on that share would be just £2,700.</p> <p>You can find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and any Bromford Homes development by calling us on <strong>0845 60 10 878</strong>.</p> /news/news/2014/february/and-baby-makes-three/ http://www.bromfordhomes.co.uk/news/news/2014/february/and-baby-makes-three/ 08 February 2014 Carpets new deadline <p>Great news for first-time buyers&nbsp;− we've extended the deadline on our special new year incentive offering <a href="/{localLink:1507}" target="_blank" title="Carpets included">free fitted carpets</a> with new low-cost Bromford homes at two of our newest developments.</p> <p>OUT goes the original deadline requiring buyers to reserve a <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> home at <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a>, Shrewsbury, or at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>*, near Nuneaton, by January 31.</p> <p>IN comes a new deadline which means you've got to reserve AND complete on your Bromford home purchase on or before the end of March if you want to qualify for our offer saving you around £1,000 on the cost of fitted carpets.</p> <p>You can also bag a special new year incentive at <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a>, Lichfield. Carpets are already fitted in these shared ownership homes so we're offering you a contribution of up to £500 towards legal costs if you reserve AND complete on an apartment here by the end of March.</p> <p><img width="600" height="250" src="/media/419928/carpet-couple-960x400_600x250.jpg" alt="Carpets couple"/><br /> <br /> The deadline extension prompts this timely message from Bromford Homes Head of Sales Alan Bradley to first-time buyers and other people who can't afford to buy on the open market.<br /> <br /> "My message is short and simple&nbsp;− be quick or you might miss out. The deadline is still tight but do-able and you can be assured that we will do everything we possibly can to make it," says Alan.</p> <p>"We've had a tremendous response to this great incentive from first-time buyers at these selected developments − and that's why we've decided to give other would-be buyers a bit more leeway with the qualifying deadline. So my advice is to hurry, make an appointment to see one of our great new affordable homes at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a> or <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a> and find out why buyers are saying YES to low-cost home ownership − and our special incentives.</p> <p>"Most buyers need to keep down costs when it comes to buying their new home. And, of course, the costs don't stop when you pick up the keys. Curtains and other soft furnishings, light fittings… the list goes on. Carpets are another big expense and that's why we've offered to include them in the purchase price at these new developments for a limited time."</p> <p><img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/><br /> <br /> * We're offering you TWO great ways to buy at Colliers Green (pictured above) − shared ownership and <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a>. The special carpets incentive is available with both. To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, equity loan, our <a href="/{localLink:1507}" target="_blank" title="Carpets included">free carpets incentive</a> or to make an appointment to visit one of our selected developments, speak to a Bromford sales consultant on <strong>0845 60 10 878</strong>.</p> /news/news/2014/february/carpets-new-deadline/ http://www.bromfordhomes.co.uk/news/news/2014/february/carpets-new-deadline/ 07 February 2014 January sales <p>DOZENS of first-time buyers are starting the new year with a new Bromford home&nbsp;− thanks to the price-busting power of <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>A final flurry of January completions saw more would-be homeowners collect the keys to the home of their dreams at popular places like <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green (pictured below)</a> near Nuneaton, <a href="/{localLink:3496}" target="_blank" title="Moat House Fields">Moathouse Fields</a> in Marston Green, and <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a>, Coventry.</p> <p>This follows a surge of <a href="/{localLink:3909}" target="_blank" title="Operation Ho-Ho-Homes">completions in the run-up to Christmas</a> and, with 18 more buyers saying a big YES to shared ownership since the start of the year, we're heading for our 200th customer handover well before the end of 2013-14.</p> <p>Bromford Homes Head of Sales Alan Bradley says typical shared ownership deposits of around £3,000* and typical purchase prices of around £60,000* for a 45% share are making all the the difference for singletons, couples and young families.</p> <p>His message to first-time buyers and other people who can't afford open-market prices?<br /> "Now is a really good time to buy with shared ownership. If you've saved enough for a shared ownership deposit and your combined household income is less than £60,000, a Bromford home could be yours&nbsp;− and for less than you probably think," he says.</p> <p><img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/></p> <p>"Buy now and you'll beat the big property price rises that all of the pundits and mortgage lenders are predicting this year&nbsp;− and start enjoying a home that you can call your own at a price you can afford.</p> <p>"The initial costs are less with our part-buy, part-rent scheme&nbsp;− also known as shared ownership&nbsp;− and the typical monthly costs are cheaper than renting from a private landlord. This has been proven time and time again with <a href="/{localLink:3530}" target="_blank" title="Shared ownership vs renting">cost comparisons produced by our industry lobby groups</a>, the NHF and CIH, and most recently by <a href="/{localLink:3953}" target="_blank" title="Shared ownership cheaper, says HomeFocus"><em>HomeFocus</em> magazine</a>, a low-cost home ownership champion.</p> <p>"It may sound too good to be true but the figures really do speak for themselves. So don't just take my word for it. Talk to us now and we'll show the numbers and help to explain what hundreds of shared ownership buyers already know."</p> <p>The latest <em>HomeFocus</em> cost comparison reveals that shared ownership can be cheaper − by almost £100 a month − than renting from a private landlord. when renting a typical two-bed apartment in the Shropshire town of Telford. The £93 saving is based on someone buying a 50% share of the same £105,000 apartment through shared ownership.</p> <p>With shared ownership you buy between 25% and 75% of your Bromford home instead of buying outright and pay low rent on the remaining share. The <em>HomeFocus</em> figures combine mortage and rent to achieve a monthly total for shared ownership.</p> <p><img width="600" height="250" src="/media/386315/brookfields-960x400_600x250.jpg" alt="Brookfields wide view"/></p> <p>* Bromford Homes examples</p> <p><a href="/{localLink:3186}" target="_blank" title="Brookfields"><strong>Brookfields, Shrewsbury:</strong></a> You can buy a typical 45% share of a two-bed house for as little as £60,750 at Brookfields (pictured above) − and your deposit could be just £3,038 with a 95% mortgage on that 45% share.</p> <p><a href="/{localLink:2829}" target="_blank" title="Colliers Green"><strong>Colliers Green, New Arley:</strong></a> A typical 45% of a three-bed house can be yours for just £67,275&nbsp;− and your deposit could be just £3,364 with a 95% mortgage on that 45% share.</p> <p><a href="/{localLink:2952}" target="_blank" title="Greyfriars House"><strong>Greyfriars House, Lichfield:</strong></a> You can buy a 40% share of a two-bed apartment for as little as £61,400&nbsp;− and your deposit could be just £3,070 with a 95% mortgage on that 45% share.<br /> <br /> To find out more about our <a href="/{localLink:1182}" target="_blank" title="Find a home">developments</a>, <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our special <a href="/{localLink:1507}" target="_blank" title="Carpets included">carpets incentive</a> on selected home call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/february/january-sales/ http://www.bromfordhomes.co.uk/news/news/2014/february/january-sales/ 04 February 2014 Carpets last chance <p>HURRY if you want to claim our New year incentive offering buyers FREE fitted carpets with new low-cost Bromford homes at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, near Nuneaton, and <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a>, Shrewsbury.</p> <p>You've got just two more days to reserve an affordable home at one of these popular developments and qualify for this special offer saving each buyer around £1,000.</p> <p>You can also bag a special New year incentive at <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a>, Lichfield. Carpets are already fitted in these <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes so we're offering you £500 towards legal costs if you reserve an apartment here by Friday, January 31.</p> <p>Bromford Homes Head of Sales Alan Bradley urges first-time buyers to be quick or miss out. "We've had a tremendous response to this great incentive from first-time buyers at these selected developments&nbsp;− and now the deadline for reservations is just a few days away," he says.</p> <p><img width="600" height="250" src="/media/419928/carpet-couple-960x400_600x250.jpg" alt="Carpets couple"/><br /> <br /> "So my advice is to hurry, make an appointment to see one of our great new affordable homes at Colliers Green, Brookfields or Greyfriars House and find out why buyers are saying YES to shared ownership&nbsp;− and our special incentive.</p> <p>"Most buyers need to keep down costs when it comes to buying their new home. And, of course, the costs don't stop when you pick up the keys. Curtains and other soft furnishings, light fittings… the list goes on. Carpets are another big expense and that's why we've include them in the purchase price at these new developments.</p> <p>"The good news for buyers is that there's still time to bag a bargain. All you have to do to qualify is to reserve one of these homes by the end of January."</p> <p>There's just one more condition. Buyers at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>&nbsp;− where we're offering you TWO great ways to buy, shared shared ownership and equity loan&nbsp;− <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a> and <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a> also have to complete by March 31.</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a>, our <a href="/{localLink:1507}" target="_blank" title="Carpets included">free carpets incentives</a> or to make an appointment to visit one of our selected developments, speak to a Bromford sales consultant on <strong>0845 60 10 878</strong>.</p> /news/news/2014/january/carpets-last-chance/ http://www.bromfordhomes.co.uk/news/news/2014/january/carpets-last-chance/ 30 January 2014 Shared ownership cheaper, says HomeFocus <p>FIGURES published by a low-cost home ownership "champion" reveal that <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> can be cheaper&nbsp;− by almost £100 a month&nbsp;− than renting from a private landlord.</p> <p>It costs £520 a month to rent a typical two-bed apartment in the Shropshire town of Telford, according to the latest comparison published by <em>HomeFocus</em> magazine. That's £93 more than it would cost someone buying a 50% share of the same £105,000 apartment through part-buy, part rent − also known as shared ownership.</p> <p>The same cost comparison also reveals that shared ownership is cheaper&nbsp;− by £57 a month&nbsp;− than it would be for someone buying that apartment through the Help to Buy 80% equity loan scheme.</p> <p>The HomeFocus figures (shown below) are highlighted by Bromford Homes Head of Sales Alan Bradley as a ray of hope for hard-pressed first-time buyers on lower incomes, those who can't tap into the Bank of Mum and Dad for help with a hefty open market deposit and people stuck in what's known as Generation Rent.<br /> <br /> <img width="600" height="180" src="/media/422682/telford-cost-comparison_600x180.jpg" alt="Telford cost comparison table"/><br /> <br /> "These figures confirm that shared ownership does indeed offer affordable hope&nbsp;− especially for the ever-growing number of young adults who still live at home with their parents," says Alan. "This is the Boomerang Generation highlighted by national newspapers, who report a huge rise in the number of children aged 20-34 who are returning to the family home after university because they can't afford to live alone.</p> <p>"These stories, based on new figures from the Office for National Statistics, make grim reading indeed. Many young singletons and couples are now forced to live with their parents while they try to build up a deposit&nbsp;− and this includes a big number of grads forced to take less well-paid jobs than they hoped."</p> <p>According to Alan, shared ownership can help would-be buyers like these with three crucial problems:</p> <p><strong>DEPOSITS</strong>&nbsp;− the amount they have to save is much lower with shared ownership.</p> <p><strong>PURCHASE PRICE</strong>&nbsp;− this is also much lower, typically 45% of an average open market cost.</p> <p><strong>MONTHLY COST</strong>&nbsp;− this is lower too, as highlighted by the <em>HomeFocus</em> report.</p> <p>"If you look at the <em>HomeFocus</em> comparison, you'll understand why so many are saying YES to shared ownership. It all adds up to a win-win-win for first-time buyers and other people who can't afford to buy on the open market," says Alan.</p> <p>"If that sounds like you, my message is simple. You may think you can't afford to have a home you can call your own&nbsp;− and have to stay with your parents. You may believe that your only affordable option is to rent from a private landlord. Well, we urge you to look at these <em>HomeFocus</em> figures and think again. Getting onto the property ladder may not cost you as much as you think&nbsp;− thanks to shared ownership.</p> <p>"We can't help everyone, of course. But your total household income can be as much as £60,000 a year and you can still qualify. And you don't have to take my word for it&nbsp;− just listen to some of the young first-time buyers who've collected the keys to a new Bromford home that they're proud to call their own."</p> <p><img width="599" height="333" src="/media/417908/smv-thomast-case-study-exterior_599x333.jpg" alt="Thomas Turner at St Marks View"/></p> <p>He points to buyers like <a href="/{localLink:3930}" target="_blank" title="Thomas Turner part-buy case study">Thomas Turner</a> at St Mark's View, Cheltenham, or <a href="/{localLink:1446}" target="_blank" title="Shared ownership">Matt McIntyre and Clare McLaughlin</a> at Larks Rise, Coventry&nbsp;− one of our most successful shared ownership developments in 2013-14.</p> <p>Thomas (pictured above) urges other young adults to give <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> a go, saying: "It's ideal for first-time buyers like me who... don't want to wait until after they have saved up the enormous deposit that lenders require for an open market sale.</p> <p>"Overall, I know I pay less each month than friends in the Cheltenham area who rent apartments and, unlike me, they are not going to get anything back over time. Before this I was lodging in a room at somebody else's home. They were very kind but I was always conscious of it not being my own home and that I was essentially helping to pay off somebody else's mortgage."</p> <p>It's a similar story at Larks Rise. "We wanted to set up home together and to buy our own home rather than rent. Like a lot of people, I think paying rent is dead money," says Matt, pictured below with Clare. "Shared ownership really does make owning your own home affordable if you find you can't buy on the open market. We would certainly recommend it&nbsp;− and Bromford Homes&nbsp;− to other first-time buyers."</p> <p><img width="599" height="318" src="/media/348089/larks-rise-case-study-couple-1-640x340_599x318.jpg" alt="Larks Rise Matt and Clare 640x340"/><br /> <br /> <strong>HOW THEY WORKED IT OUT</strong><br /> HomeFocus used an average repayment mortgage over 25 years at 5.5% to get their figures. Deposit amounts are 5%, which reflects what is available in the market at the moment. Please note that Help to Buy guarantee mortgages are NOT available in conjunction with low-cost home ownership (LCHO) schemes, but HomeFocus have used 5% deposits for 100% purchases assuming that the mortgage will be attained using a Help to Buy mortgage guarantee. Rent for shared ownership is based on 2.75% of the share you don't own, per year (this is then divided by 12 to get a monthly figure). Private rents and property prices are based on averages in the area, taken from popular property websites and not specific homes.</p> /news/news/2014/january/shared-ownership-cheaper,-says-homefocus/ http://www.bromfordhomes.co.uk/news/news/2014/january/shared-ownership-cheaper,-says-homefocus/ 23 January 2014 Brookfields going fast <p>FIRST-TIME buyers are voting with their feet&nbsp;− and their deposits&nbsp;− at our <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a> shared ownership development in Shrewsbury.</p> <p>Three of the eight houses were snapped up in a single day at the weekend and, with two already reserved, that leaves just THREE up for grabs for as little as £60,750 when buying a typical 45% share.</p> <p>Saturday's trio of holding reservations comes just a week after the <a href="/{localLink:3925}" target="_blank" title="Brookfields demo home">opening of our two-bed demo home</a> and a forecast by Bromford Homes Head of Sales Alan Bradley that more <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> sales would follow.</p> <p>"It's all go here at Brookfields and all I can do is repeat my message&nbsp;− be quick or you could miss out on this truly affordable chance to bag a home that you can call your own," he tells first-time buyers and other people who can't afford to buy on the open market.<br /> <br /> "You now have less than a fortnight to reserve one of the last three homes if you want to qualify for our special launch deal offering you <a href="/{localLink:1507}" target="_blank" title="Carpets included">free carpets</a>. My advice is to call us now, arrange a visit to the demo home and find out for yourself why other buyers are falling in love with these great Bromford homes and our truly affordable shared ownership prices and deposits."</p> <p><img width="600" height="250" src="/media/386315/brookfields-960x400_600x250.jpg" alt="Brookfields wide view"/><br /> <br /> In the case of Brookfields (pictured above), your deposit could be just £3,038 with a 95% mortgage on the 45% share price of £60,750.</p> <p>"That's crucial for first-time buyers in a sought-after town like Shrewsbury where property prices are relatively high and average salaries are relatively low," says Alan.</p> <p>The actual amount you buy depends on your financial circumstances but 45% is typical and the maximum share is 75%&nbsp;− and you pay low rent on the remaining share.</p> <p>"As you can see from our example, shared ownership deposits are much cheaper than if you buy outright&nbsp;− and the total monthly costs are typically <a href="/{localLink:3694}" target="_blank" title="Hope for Generation Rent">less than it costs to rent privately</a>," says Alan.</p> <p>"That's why people keep saying YES to shared ownership and why we expect the remaining homes here at Brookfields will be snapped up too.</p> <p>"With the demo home complete, our <a href="/{localLink:3690}" target="_blank" title="Pete Hamon/Penny Meadow Pride win">award-winning site manager</a> Pete Hamon and his in-house construction team are making great progress with the remaining houses. If all goes well, we could be handing over the keys to our first shared ownership buyer by mid February."</p> <p>To find out more about <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a>, <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our special <a href="/{localLink:1507}" target="_blank" title="Carpets included">carpets incentive</a> call <strong>0845 60 10878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/january/brookfields-going-fast/ http://www.bromfordhomes.co.uk/news/news/2014/january/brookfields-going-fast/ 20 January 2014 Colliers Green open success <p>FIRST-TIME buyers are giving our affordable new homes at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> in north Warwickshire a really enthusiastic thumbs-up.</p> <p>They turned out in force for Saturday's official opening of the stylish new showhome off Ransome Road, New Arley&nbsp;− a popular rural community roughly five miles west of Nuneaton.</p> <p>Their enthusiastic reaction and a couple of early <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> reservations prompt a timely message to would-be buyers in Coventry and Warwickshire from Bromford Homes Head of Sales Alan Bradley.</p> <p>The message is this: Be quick or you could miss out on your pick of the remaining plots&nbsp;− and to qualify for our special <a href="/{localLink:1507}" target="_blank" title="Carpets included">free carpets</a> incentive*.</p> <p>"We're delighted that so many people turned out for the showhome opening on January 11&nbsp;− and that their comments were so positive," says Alan.</p> <p>"This was a golden opportunity to really get a feel for the build quality, layout and wealth of built-in features that come as standard with all Bromford homes.</p> <p>"It was also a chance to find out more about the TWO options we have here for first-time buyers and other people who can't afford to buy on the open market&nbsp;− shared ownership AND <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a>."</p> <p><img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/><br /> &nbsp;<br /> With <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, you buy between between 25% and 75% of your new Bromford home − the amount depends on what you can afford − and pay low rent on the remaining share. In the case of <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> (pictured above), it costs as little as £55,125 for a typical 45% share of a two-bed house or £61,650 for a three-bed Cowley.</p> <p>The second option, HelpUbuy <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a>, allows you to buy your new Bromford home for just 80% of its purchase price − in the case of Colliers Green, around £98,000* for a two-bed home with a full market value of £122,500. You simply pay 5% deposit, which in this example is 5% of £98,000, plus the monthly mortgage payments on what you borrow − and no interest on the other 20% for up to five years and no rent either.</p> <p>"Both are really affordable options for would-be buyers on lower incomes who feel locked out of the property market and are probably renting from private landlords − part of what's now known as <a href="/{localLink:3694}" target="_blank" title="Hope for Generation Rent">Generation Rent</a> − or living at home with their folks," says Alan.</p> <p>Crucially for most first-time buyers, the deposits in both cases are much cheaper than if you buy outright − as little as £2,757 for 45% shared ownership of a two-bed home when borrowing 95%.</p> <p><img width="600" height="250" src="/media/419826/colliers-green-showhome-lounge_600x250.jpg" alt="Colliers Green showhome lounge"/><br /> &nbsp;<br /> "Both options make it possible for you to start the New Year with a truly affordable new Bromford home that you can call your own. We've already taken a couple of reservations and now that the showhome (pictured above) is open we expect local first-time buyers will start to snap them up," says Alan.</p> <p>"My advice to anyone from Nuneaton, Coventry and Warwickshire who wants to get on the property ladder at a price you can afford is simple: Be quick or you could miss out."</p> <p>To find out more about <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a>, and our special <a href="/{localLink:1507}" target="_blank" title="Carpets included">free carpets</a> incentive call <strong>0845 60 10878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online. You can also keep in touch by following on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.<br /> <br /> * conditions apply</p> /news/news/2014/january/colliers-green-open-success/ http://www.bromfordhomes.co.uk/news/news/2014/january/colliers-green-open-success/ 14 January 2014 Thomas Turner part-buy case study <p>YOU don't have to be a legendary detective to know that <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> can solve the <em>Case of the Typical First-time Buyer</em>. It's elementary my dear Watson, according to Sherlock fan Thomas Turner, who used his own powers of deduction to track down the affordable home of his dreams at <a href="/{localLink:1742}" target="_blank" title="St Mark's View">St Mark's View</a>, Cheltenham.</p> <p>Like his fictional puzzle-solving hero, Thomas considered all the "clues" and came to what he believes was the only logical conclusion: Buy through Bromford's shared ownership scheme.</p> <p>He moved into his two-bed part-buy, part rent home late last summer and has since added several themed touches such as a bound copy of Sir Arthur Conan Doyle's stories, a Baker Street sign and an old leather armchair he affectionately calls Sherlock.</p> <p>It's a truly happy ending to his "case" and 24-year-old Thomas believes that other first-time buyers can also crack the property-buying puzzle if they consider three key pieces of evidence:<br /> <br /> <strong>1 Deposits and purchase prices are much more affordable with shared ownership.</strong> "It's ideal for first-time buyers like me who want a house that they make their own and don't want to wait until after they have saved up the enormous deposit that lenders require for an open market sale," says Thomas.pictured below. "In my case, I wanted to live near work. Shared ownership allows you to buy a share of a new home and to make it yours."</p> <p><img width="599" height="333" src="/media/417908/smv-thomast-case-study-exterior_599x333.jpg" alt="Thomas Turner at St Marks View"/><br /> <br /> <strong>2 Smaller mortgage payments plus low rent add up to a real win-win deal&nbsp;− and are typically <a href="/{localLink:3694}" target="_blank" title="Hope for Generation Rent">less than than private renting</a>.</strong> "Overall, I know I pay less each month than friends in the Cheltenham area who rent apartments and, unlike me, they are not going to get anything back over time," says Thomas. "Before this I was lodging in a room at somebody else's home. They were very kind but I was always conscious of it not being my own home and that I was essentially helping to pay off somebody else's mortgage."<br /> <br /> <strong>3 Shared ownership is an affordable first step on to the property ladder and you can increase the share you own.</strong> "This is an investment for my future. I want the hard work I do to contribute over time towards something that will eventually be all mine," says Thomas. "You can increase the share you own in the future through staircasing and that's certainly something that I would choose to do when I can afford it."</p> <p>His final deduction? Would Thomas recommend shared ownership to other first-time buyers and other people who can't afford to buy on the open market? "Absolutely. In fact, I often do," replies Thomas. "I always advise people that it is a brilliant way to get started on the property ladder."<br /> <br /> What else would Thomas, pictured again below, say to other first-time buyers in Cheltenham? "Come around for a cup of tea! I'll happily show off my home, of which I am very proud. And I would certainly encourage them to get in touch with Bromford as their sales consultant was brilliant and they have been very forthcoming every time I have needed any little bits of help."</p> <p><img width="599" height="333" src="/media/417913/smv-thomast-case-study-lounge_599x333.jpg" alt="Thomas Turner in lounge"/><br /> <br /> Bromford Homes Head of Sales Alan Bradley says: "We're delighted that Thomas put his detecting skills to work and&nbsp;− like so many other first-time buyers&nbsp;− came to the conclusion that shared ownership is the answer.</p> <p>"The evidence is there for all to see and consider. Our part-buy, part-rent formula − also called <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> − really does make a difference to first-time buyers and other people on lower incomes who can't afford to buy on the open market."</p> <p>Instead of buying outright, you buy between 25% and 75% of your new home − the actual amount depends on what you can afford, with around 45% being fairly typical − and pay low rent on the remaining share. This means, for example, that you can get on the property ladder at our new <a href="/{localLink:3861}" target="_blank" title="Pennylands">Pennylands</a> development in Winchcombe for around £78,750 − or 45% of a two-bed Spoonley home with a full market value of £175,000 − and a minimum 5% deposit of £3,938.</p> <p>"Figures like that make buying much more affordable and we work with each customer to make sure that the actual amount they buy reflects their personal circumstances," says Alan. "And it's not just the initial costs that are cheaper. There's plenty of evidence to support what Thomas says&nbsp;− that the total monthly cost of shared ownership are typically <a href="/{localLink:3438}" target="_blank" title="SOweek13 Q&amp;A">cheaper than if you buy rent from a private landlord</a>. That's why people across central England keep saying such an enthusiastic yes to shared ownership."</p> <p>To find out more about shared ownership and Bromford developments across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/january/thomas-turner-part-buy-case-study/ http://www.bromfordhomes.co.uk/news/news/2014/january/thomas-turner-part-buy-case-study/ 09 January 2014 Brookfields demo home <p>RESERVE one of our feature-packed <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes in Shrewsbury before the end of January and we'll give you yet another reason to celebrate&nbsp;− free fitted carpets.</p> <p>All you have to do to qualify is complete your purchase of a two-bed house&nbsp;− built by our <a href="/{localLink:3773}" target="_blank" title="Brookfields Pride">award-winning site manager</a> and his team&nbsp;− within 28 days of putting down your deposit.</p> <p>This great offer for first-time buyers and other people who can't afford to buy on the open market is timed to coincide with this weekend's launch of our new <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a> demonstration home off Bagley Drive.</p> <p>We'll be there between 10am and 4pm on Saturday (January 11) and from noon to 4pm on Sunday to give you a warm welcome and to let you check out the first-rate build quality and long list of features that come as standard with all our homes.</p> <p>It's also a great opportunity to find out how you can get onto the property ladder in this desirable Shropshire town for as little as £60,750 through our popular part-buy, part-rent deal&nbsp;− also known as shared ownership&nbsp;− and a deposit that could be just £3,038 with a 95% mortgage.</p> <p>That's enough to buy a typical 45% share of a Brookfields home with two double bedrooms, gas-fired central heating, downstairs cloakroom, fitted kitchen with oven, hob and extractor fan, and several other great features like the french windows leading from the living room to the fully turfed rear garden.</p> <p>It all adds up to an exceptional chance to get onto the property ladder for less than it costs to rent from a private landlord, according to Bromford Homes Head of Sales Alan Bradley, and he urges first-time buyers to be quick or miss out.</p> <p><img width="600" height="250" src="/media/386315/brookfields-960x400_600x250.jpg" alt="Brookfields wide view"/><br /> <br /> "We've already secured our first reservation here at Brookfields (pictured above) and once the demo home is open we expect local first-time buyers will start to snap them up," says Alan.</p> <p>"My message to them is simple&nbsp;− come along, look around to check out the features, layout and build quality, and find out how little it can cost to have one just like it. It's a truly affordable option for would-be buyers on lower incomes who feel locked out of the property market and are probably renting from private landlords − part of what's now known as <a href="/{localLink:3694}" target="_blank" title="Hope for Generation Rent">Generation Rent</a> − or living at home with their folks.</p> <p>"That's crucial in a sought-after town like Shrewsbury where property prices are relatively high and average salaries are relatively low. Shared ownership deposits are much cheaper than if you buy outright − as little as £3,038 if you buy a typical 45% share here at Brookfields with a 95% home loan&nbsp;− and the total monthly costs are typically less than it costs to rent privately."</p> <p>To find out more about <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a>, <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our special <a href="/{localLink:1507}" target="_blank" title="Carpets included">carpets incentive</a> call <strong>0845 60 10878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2014/january/brookfields-demo-home/ http://www.bromfordhomes.co.uk/news/news/2014/january/brookfields-demo-home/ 08 January 2014 bhColliersShowhome/Carpets <p>WE'RE rolling out the welcome mat for first-time buyers on Saturday with the official opening of our stylish new <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> showhome at New Arley, near Coventry.</p> <p>It's a golden opportunity to find out how you can start the New Year with an affordable new Bromford home&nbsp;− and if you reserve before the end of January and meet our other conditions we'll give you <a href="/{localLink:1507}" target="_blank" title="Carpets included">free fitted carpets</a> throughout.</p> <p>This weekend's launch gives visitors a chance to check out the stylish transformation by one of the leading names in property interior design, Claude Hooper, and to find out more about two options for affordable home ownership.</p> <p>The showhome off Ransome Road will be open from 10am to 4pm on January 11 and Bromford Homes Head of Sales Alan Bradley urges first-time buyers and other people who can't afford to buy on the open market to be quick if they want their pick of the remaining plots.</p> <p>"We've already taken a couple of reservations and once the showhome is open we expect local first-time buyers will start to snap them up," says Alan. "My message to them is simple&nbsp;− come along, look around to check out the layout and build quality, and find out how little it can cost to have one just like it. In fact, we've got TWO great ways for first-time buyers to make their property dream come true here at Colliers Green − <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a>.</p> <p><img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/><br /> <br /> "They make it possible for you to start the New Year with a truly affordable new Bromford home that you can call your own. One of them is sure to suit your circumstances and we're offering this special incentive of free fitted carpets to any buyer who reserves before the end of January and completes on or before March 21."</p> <p>With <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, you buy between between 25% and 75% of your new Bromford home − the amount depends on what you can afford − and pay low rent on the remaining share. In the case of Colliers Green, it costs as little as £55,125* for a typical 45% share of a two-bed house or £61,650** for a three-bed Cowley.</p> <p>The second option, <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">HelpUbuy equity loan</a>, allows you to buy your new Bromford home for just 80% of its purchase price − in the case of Colliers Green, around £98,000*** for a two-bed home with a full market value of £122,500. You simply pay 5% deposit, which in this example is 5% of £98,000, plus the monthly mortgage payments on what you borrow − and no interest on the other 20% for up to five years and no rent either.</p> <p>"Both are really affordable options for would-be buyers on lower incomes who feel locked out of the property market and are probably renting from private landlords − part of what's now known as <a href="/{localLink:3694}" target="_blank" title="Hope for Generation Rent">Generation Rent</a> − or living at home with their folks," says Alan. "Crucially for most first-time buyers, the deposits in both cases are much cheaper than if you buy outright − as little as £2,757* for 45% shared ownership and as low as £4,900*** for the equity loan scheme."</p> <p>To find out more about <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, shared ownership and equity loan, and our special incentive call <strong>0845 60 10878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.<br /> <br /> * With shared ownership, £55,125 would buy a typical 45% share of a two-bed house with a full market value of £122,500. A minimum deposit of £2,757 assumes a 95% mortgage on that typical share. ** £61,650 would buy a typical 45% share of a three-bed Cowley house with a full market value of £137,000. A minimum deposit would be £3,083, assuming a 95% mortgage on that typical share.<br /> *** With HelpUbuy equity loan, you could pay £98,000 for a two-bed home with a full market value of £122,500. A 5% deposit on the share you buy would be £4,900.</p> /news/news/2014/january/bhcolliersshowhomecarpets/ http://www.bromfordhomes.co.uk/news/news/2014/january/bhcolliersshowhomecarpets/ 06 January 2014 Pastures 'don't delay' <p>ASPIRING home-owners are snapping up our high-quality affordable houses at <a href="/{localLink:3749}" target="_blank" title="The Pastures">The Pastures</a>, Alcester, for a fraction of what they would cost on the open market and for less each month than it costs to rent from a private landlord.</p> <p>All three 3-bed <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes off Kinwarton Farm Road are now reserved&nbsp;− leaving just seven two-bed homes up for grabs at part-buy prices that start from £76,275. That's enough to buy a typical 45% share of a two-bed <a href="/{localLink:3846}" target="_blank" title="The Avon">Avon</a> house and your deposit could be as little as £3,814 with a 95% mortgage.</p> <p>Prices like that explain why so many first-time buyers and other people who can't afford to buy on the open market are saying a big YES to our part-buy, part-rent deal, says Bromford Homes Head of Sales Alan Bradley.</p> <p>"Shared ownership is a truly affordable way to get onto the property ladder and I'm sure it won't be long before the remaining homes here at The Pastures will be snapped up too," says Alan. "My message to first-time buyers in this part of Warwickshire is simple&nbsp;− be quick or you could miss out on this great opportunity to make your property ownership dream come true."</p> <p><img width="425" height="305" src="/media/400128/425x305-tavy.jpg" alt="The Tavy"/></p> <p>So how does shared ownership work? Well, instead of buying outright, you buy between between 25% and 75% of your new Bromford home − the actual amount depends on what you can afford − and pay low rent on the remaining share. In the case of The Pastures, it costs just £76,275 for a typical 45% share of a two-bed Avon house or £80,775 for a two-bed Tavy (pictured above).</p> <p>"Both are really affordable prices for would-be buyers who feel locked out of the property market and are probably renting from private landlords − part of what's now known as <a href="/{localLink:3694}" target="_blank" title="Hope for Generation Rent">Generation Rent</a> − or living at home with their folks," says Alan.</p> <p>"Crucially for most first-time buyers, the deposits are much cheaper than if you buy outright − as little as £3,814 with a 95% mortgage for a typical share of the Avon or £4,039 for the Tavy. And it's not just the initial costs that are more affordable&nbsp;− there's lots of evidence to prove that the total monthly costs of shared ownership are typically <a href="/{localLink:3530}" title="Shared ownership vs renting">cheaper than renting</a> from a private landlord."</p> <p>All Bromford homes at The Pastures come with a fully-fitted kitchen&nbsp;− including oven, hob and extractor&nbsp;− a downstairs cloakroom and french doors leading to the turfed rear garden. Other features include full gas-fired central heating, double glazing with high-performance insulation throughout, allocated parking space and a 10-year NHBC New Home warranty.</p> <p>To find out more about <a href="/{localLink:3749}" target="_blank" title="The Pastures">The Pastures</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also <a href="/{localLink:3750}" target="_blank" title="Overview">download a brochure</a>.</p> /news/news/2014/january/pastures-dont-delay/ http://www.bromfordhomes.co.uk/news/news/2014/january/pastures-dont-delay/ 03 January 2014 Operation Ho-Ho-Homes <p>OPERATION Ho-Ho-Homes has made a special Christmas wish come true for another 16 <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> buyers.</p> <p>The last December buyer collected their keys to a new Bromford home at <a href="/{localLink:1812}" target="_blank" title="Fortuna">Fortuna</a>, Cirencester, today (December 20), giving them just four more days to unpack and settle in before Christmas Day.</p> <p>It's a successful and happy ending to a short but busy festive month for Bromford Homes Head of Sales Alan Bradley and his team of Operation Ho-Ho-Homes helpers.</p> <p>"Like Santa's elves, we've all been working very hard during the countdown to Christmas in an effort to make sure that all the scheduled December completions go to schedule," says Alan.</p> <p>"I'm delighted to say that each member of our sales and marketing team has done his or her bit and that the last shared ownership sale was legally completed at Fortuna (pictured below) before midday and that we were able to hand over the final set of keys to another delighted buyer.</p> <p>"It's a magical moment when you cross the thresh-hold of your first home and see your property dream come true. That's even truer, of course, at this very special time of the year and we wish these latest buyers&nbsp;− and all of our customers&nbsp;− a very merry Christmas and a happy New Year."</p> <p><img width="600" height="250" src="/media/372702/fortuna-exteriors-1_600x250.jpg" alt="Fortuna exteriors 1"/><br /> <br /> December's handover success follows two <a href="/{localLink:3886}" target="_blank" title="Shared Ownership sales success #2">target-topping months of completions</a> during October and November&nbsp;− and Alan predicts that first-time buyers to keep saying yes to shared ownership after Christmas.</p> <p>"We've had three especially busy months with nearly 60 shared ownership completions in all," he says. "Our part-buy, part-rent formula&nbsp;− also called shared ownership&nbsp;− really does make a difference to first-time buyers and other people on lower incomes who can't afford to buy on the open market."</p> <p>Instead of buying outright, you buy between 25% and 75% of your new home&nbsp;− the actual amount depends on what you can afford, with around 45% being fairly typical&nbsp;− and pay low rent on the remaining share.</p> <p>This means, for example, that you can get on the property ladder at <a href="/{localLink:2823}" target="_blank" title="The Beeches">The Beeches</a> in Northfield (pictured below) for around £54,000&nbsp;− or 45% of a two-bed Frankley home with a full market value of £120,000&nbsp;− and a minimum 5% deposit of £2,700.</p> <p><img width="600" height="250" src="/media/404279/thebeeches2_600x250.jpg" alt="BeechesNew2"/></p> <p>"Figures like that make buying much more affordable and we work with each customer to make sure that the actual amount they buy reflects their personal circumstances," says Alan.</p> <p>"And it's not just the initial costs that are cheaper. There's plenty of evidence to show that the total monthly cost of shared ownership are typically cheaper than if you buy outright&nbsp;− or, indeed, if you rent from a private landlord. That's why people across central England keep saying such an enthusiastic yes to shared ownership."</p> <p>&nbsp;To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and Bromford developments across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/december/operation-ho-ho-homes/ http://www.bromfordhomes.co.uk/news/news/2013/december/operation-ho-ho-homes/ 20 December 2013 Christmas opening hours <p>WE'RE here to help customers until 4pm on Christmas Eve&nbsp;− and wish everyone a very merry festive break.</p> <p>Our main offices will then remain closed until 9am on Thursday, January 2.<br /> <br /> Our new showhome at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, New Arley will open on Saturday, January 11.</p> <p>If you are interested in shared ownership or buying in any particular area you can <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> online or email us at sales@bromford.co.uk and we will reply when our offices re-open.</p> <p>You can find a full list of our current developments in the <a href="/{localLink:1182}" target="_blank" title="Find a home">Find a Home</a> section of this website and first-time buyers Matt and Clare can talk you through the <a href="/{localLink:1446}" target="_blank" title="Shared ownership">basics of shared ownership</a> in our YouTube video.</p> <p>Bromford Homes Head of Sales Alan Bradley recommends that you follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a> if you want to keep up with the latest news about our popular shared ownership developments across central England.</p> <p><img width="600" height="250" src="/media/241192/festiveofficehours_600x250.jpg" alt="Festive office hours"/><br /> <br /> "This really is one of the best ways for our customers to find out about our latest news and any special incentives that we may introduce," says Alan.</p> <p>"It's also a good way to ask any questions that you may have&nbsp;− particularly over the festive break. If we can't give you a full response there and then, we will pass on the query and get back to you on January 2.</p> <p>"In the meantime. we wish all our customers a very merry Christmas and a happy New Year."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and Bromford developments across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/december/christmas-opening-hours/ http://www.bromfordhomes.co.uk/news/news/2013/december/christmas-opening-hours/ 20 December 2013 Ho Ho... Homes <p>DECORATING the tree, filling the fridge with yummy food, rolling out the welcome mat for family and friends... these are just some of the things that make Christmas special as we gear up for the Big Day.</p> <p>This year will see around 200 new <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> buyers celebrate the festive season in a new Bromford home for the first time. We spoke to a few of them and they all agree that Christmas is that bit more special when you're celebrating it in a home that you can call your own. This is what they said:</p> <p><strong>Graham</strong>, who bought his first home at <a href="/{localLink:3850}" target="_blank" title="Castle View case study">Castle View</a>, just outside Stafford, with partner <strong>Jamie</strong>, sums it up like this: "Christmas is all about family and being homely. So putting up the decorations and inviting people round for Christmas feels even better when you know it's your own home."</p> <p>Graham and Jamie are so pleased with their shared ownership home that they've even recommended shared ownership to friends&nbsp;− and two of them also bought Bromford homes as a result.</p> <p>"Shared ownership made it possible for us to buy our first own. Now we have the peace of mind that comes with knowing we've put down roots, which makes it feel so much more like a home rather than just a house," says Graham. "It's made even better knowing you have the security and stability of having a home you can call your own rather than renting from a private landlord. You can imagine enjoying many more Christmases together and watching your family grow."</p> <p><img width="420" height="175" src="/media/347854/larks-rise-case-study-couple-1_420x175.jpg" alt="Larks Rise Matt and Clare"/><br /> <br /> That sentiment is shared by fellow first-time buyers <strong>Matt and Clare</strong> (pictured above), who agreed to talk about their shared ownership experience in a special <a href="/{localLink:1446}" target="_blank" title="Shared ownership">promotional video</a> after moving into their new Bromford home at <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a>, Coventry.</p> <p>Like the other buyers, they've enjoyed putting up the Christmas tree and decorating their first home as well as all the festive shopping and gift buying. "It's absolutely brilliant," enthuses Matt, "apart from deciding which set of parents we're going round to see first on Christmas Day!"</p> <p>The couple have another reason to be extra-happy this Christmas&nbsp;− Clare is now pregnant with their first child and counting off the weeks until the end of January, when the baby is due.</p> <p>"That means Santa will have to add another name to his delivery list for Christmas 2014," says Matt. "We had a little time to settle into our new home before Clare announced the fantastic news and, of course, we're so pleased that we've been able to take this first affordable step onto the property ladder thanks to shared ownership."</p> <p>Positive comments like that are prized by Bromford Homes Head of Sales Alan Bradley as he and the rest of the sales and marketing team pull out all the stops this month to make sure another 15 shared ownership buyers complete at developments like Daventry's <a href="/{localLink:3040}" target="_blank" title="Middlemore Heights">Middlemore Heights</a> (below) before the Christmas break.</p> <p><img width="425" height="305" src="/media/386126/dunchurch-425x305.jpg" alt="Dunchurch"/></p> <p>"It's a truly magical time of the year and we know all know there's nothing like opening your Christmas presents and celebrating the Big Day in your own home with close family and friends," says Alan.</p> <p>"Customers who are scheduled to complete at our shared ownership developments across central England&nbsp;have been our top priority in these last few weeks before Christmas and the last one is scheduled next week. Getting the keys to a new home that you can call your own is one of the best Christmas presents you could ever have and we wish all of these buyers a very Happy Christmas and New Year."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and Bromford developments across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/december/ho-ho-homes/ http://www.bromfordhomes.co.uk/news/news/2013/december/ho-ho-homes/ 13 December 2013 Home Truths blog <p>£650,000. That's the predicted price for the AVERAGE London home by 2020 and it's hard to see how the typical first-time buyer could afford anything close to that figure, <strong>blogs Alan Bradley, Head of Sales, Bromford Homes.</strong></p> <p>Yes, it's an extreme example&nbsp;− property prices in the capital being almost on another planet&nbsp;− but a just-published <a href="/{localLink:3904}" target="_blank" title="Bromford backs Home Truths call">National Housing Federation report</a> does forecast an average 35% property price rise over the next seven years.</p> <p>That includes us here in central England and, with many first-time buyers already struggling to take that crucial first-step on the housing ladder, the NHF's <em>Home Truths</em> report offers a timely warning.</p> <p>Hard-working people are already spending more and more of their income just to keep a roof over their heads and NHF chief executive David Orr warns today (Tuesday) that many could be forced to move away from their jobs, schools, family and friends.</p> <p>His bleak forecast is that, unless the nation starts building more homes, many ordinary working people could be locked out of home ownership. Instead, they will be forced to rent from private landlords at prices that are forecast to rise almost 40% by 2020 and, in a growing number of cases, seek housing benefit to help make ends meet.<br /> <br /> Far better, argues the NHF, to spend taxpayers' money on more housing that people can afford. For many first-time buyers and other people who can't afford to buy on the open market, that means <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− where you buy between 25% and 75% of a new home, rather than buy it outright, and pay low rent on the remaining share.</p> <p>This makes a big difference to people on lower incomes who can't&nbsp;− and possibly never will&nbsp;− save enough to put down a traditional open market deposit and can't borrow from what's now commonly called the Bank of Mum and Dad.<br /> <br /> This part-buy, part-rent formula really does work. In the last two months alone, we've completed more than <a href="/{localLink:3886}" target="_blank" title="Shared Ownership sales success #2">40 shared ownership sales</a> across central England and we've got another 15 in the pipeline before Christmas.</p> <p><img width="600" height="250" src="/media/369664/larksrise-clare-matt-alt-960x400_600x250.jpg" alt="LarksRise Matt&amp;Clare alt"/><br /> <br /> It's quite literally a dream come true for first-time buyers like Matt and Clare (pictured above), who bought roughly 50% of their new two-bed home at <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a>, Coventry, earlier this year and were so pleased that they agreed to feature in a special <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership video</a>.</p> <p>Aspiring homeowners like them keep saying an enthusiastic YES to shared ownership and, with a typical 40% share of a new Bromford home costing around £48,000 at a development like <a href="/{localLink:2823}" target="_blank" title="The Beeches">The Beeches</a> in Birmingham, it's easy to see why.</p> <p>A minimum 5% deposit on that would be around £2,400&nbsp;− so much less than if buying on the open market&nbsp;− and the total monthly housing costs (including low rent) are typically less than if buying outright or renting from a private landlord.</p> <p>Shared ownership buyers can also increase the percentage that they own through a process that we call staircasing&nbsp;− if and when, for instance, they increase their earning power.</p> <p>It's not a perfect system&nbsp;− nothing is&nbsp;− but it works well for the huge majority of our customers by enabling them to move into a home that they can call their own and offers them an affordable, more secure, alternative to private renting.</p> <p>For most of our shared ownership buyers, it also means that they can stay in the same area where they work, send their children to school and have a cherished network of family and friends.<br /> <br /> If all goes well up to the end of March, 230 buyers will have collected the keys to a new Bromford home during 2013-2014 and next year we hope to continue "doing our bit" for the affordable housing market, by building more shared ownership homes.</p> /news/news/2013/december/home-truths-blog/ http://www.bromfordhomes.co.uk/news/news/2013/december/home-truths-blog/ 10 December 2013 Bromford backs Home Truths call <p>BROMFORD Homes is backing the call to build more affordable homes so that many working people won't struggle to pay for a roof over their heads and a future generation won't be priced out of the property market.</p> <p>The call comes with the publication of a new National Housing Federation (NHF) report, <em>Home Truths</em>, that highlights the worsening plight for people who want a home they can call their own.</p> <p>Economic growth in London and other hotspots is already causing the housing market to overheat, says the NHF, and by 2020 the picture will be even bleaker.</p> <p>House prices will have risen to the point that an entire generation will be locked out of home ownership and forced to rent for life&nbsp;− and, to make matter worse, private sector rents are forecast to soar by an average 39%.</p> <p>Alan Bradley, Head of Sales at Bromford Homes, supports the NHF call&nbsp;− linked to a national Yes to Homes campaign&nbsp;− for more affordable home building.</p> <p>"The NHF are absolutely right when they say that rents are soaring out of the reach of many and, with house prices forecast to rise by another 35% by 2020, a huge swathe of the population could be locked out of home ownership for life," he says.</p> <p>"The problem is particularly acute for first-time buyers on lower incomes in sought-after areas like Cirencester in the South West and Stratford-upon-Avon (pictured below) in the West Midlands. As things stand, the only way that many of them can take that all-important first step on the property ladder is through <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p><img width="599" height="333" src="/media/158898/stratford_1__612x340__599x333.jpg" alt="Stratford 1 612x340"/><br /> <br /> "Bromford will continue to do our bit by building shared ownership homes across Central England and help young hundreds of first-time buyers and other people who can't afford open market prices to make their property dream come true."</p> <p>Launching the Home Truths report, NHF chief executive David Orr says: "We hear a lot about 'making work pay' but a decent job won't even cover the cost of a home in England. Billions of pounds of taxpayers' money is wasted, lining the pockets of private landlords, when it could be better spent building more homes people can afford. Relying on the private rented sector so heavily is a costly sticking plaster rather than a solution.</p> <p>"In towns and cities pulling away from the recession the dysfunctional housing market is burning the fingers of many people. Hard-working families are spending more and more of their income on a home and many could be forced to move&nbsp;− away from jobs, schools and relatives. We need to address the problems of the housing market now, before another generation is left locked out and reliant on taxpayers to keep the roof over their head.'<br /> <br /> Follow the links to find out more about the <a href="http://www.housing.org.uk/media/home-truths/" target="_blank">NHF report</a> and <a href="http://www.yestohomes.co.uk/" target="_blank">Yes to Homes</a> campaign.</p> /news/news/2013/december/bromford-backs-home-truths-call/ http://www.bromfordhomes.co.uk/news/news/2013/december/bromford-backs-home-truths-call/ 10 December 2013 Daventry all sold <p>CHRISTMAS will be a bit special this year for the first wave of buyers at our popular <a href="/{localLink:3040}" target="_blank" title="Middlemore Heights">Middlemore Heights</a> development in Daventry.</p> <p>Aspiring homeowners reserved all 15 two and three-bed <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> houses within a few months of the showhome opening.</p> <p>Now the first homes are finished and eight buyers hope to see their property ownership dream come true in time for them to celebrate the festive season at Middlemore Heights.</p> <p>Bromford Homes Head of Sales Alan Bradley promises customers that his sales and marketing team will pull out all the stops in an effort to make sure that everything goes according to plan.</p> <p>"It's a truly magical time of the year and we know all know there's nothing like opening your Christmas presents and celebrating the Big Day in your own home with close family and friends," says Alan.</p> <p>"Customers who are scheduled to complete at Middlemore Heights&nbsp;− and our other shared ownership developments across central England&nbsp;− will be our top priority in these last few weeks before Christmas.</p> <p>"Getting the keys to a new home that you can call your own is one of the best Christmas presents you could ever have and we wish all of these buyers a very Happy Christmas and New Year."</p> <p><img width="425" height="305" src="/media/386126/dunchurch-425x305.jpg" alt="Dunchurch"/><br /> <br /> Middlemore Heights (pictured above) is just one example of shared ownership success in Northamptonshire, with buyers snapping up all the affordable homes at <a href="/{localLink:3222}" target="_blank" title="Roman View">Roman View</a> and <a href="/{localLink:3027}" target="_blank" title="Tove Grange">Tove Grange</a>, near Towcester, and <a href="/{localLink:3210}" target="_blank" title="Middleton Chase">Middleton Chase</a>, Middleton Cheney.</p> <p>We've also got more shared ownership homes coming &nbsp;at <a href="/{localLink:3046}" target="_blank" title="Church Fields">Church Fields</a>, Bugbrooke, near Northampton, and at <a href="/{localLink:3484}" target="_blank" title="Countess Manor">Countess Manor</a>, Moulton, on the north side of the county town.</p> <p>"Northamptonshire is like many places these days. Property prices are relatively high&nbsp;− and getting higher&nbsp;− while average incomes are relatively low," says Alan.</p> <p>"This makes it very difficult for first-time buyers and other people who can't afford to buy on the open market. Our part-buy, part-rent scheme&nbsp;− also known as shared ownership&nbsp;− can make all the difference, with purchase prices that can be as little as £68,000 for a typical 40% share of a two-bed home in a sought-after rural location like Bugbrooke (pictured below) and deposits that could be just £3,400*.</p> <p>"That's why people across Northamptonshire&nbsp;− and the rest of central England&nbsp;− keep saying such an enthusiastic yes to shared ownership."</p> <p><img width="426" height="237" src="/media/349894/bugbrooke47-612x340_426x237.jpg" alt="Bugbrooke 6"/></p> <p>With shared ownership, you buy between 25% and 75% of your new home and pay low rent on the remaining share. How much you buy depends on your financial circumstances, with 40% being a typical share.</p> <p>* £68,000 would buy a typical 45% share of a two-bed house with a full market value of £170,000. A minimum deposit of £3,400 assumes a 95% mortgage on that typical share.</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and local developments, call <strong>0845 60 10878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/december/daventry-all-sold/ http://www.bromfordhomes.co.uk/news/news/2013/december/daventry-all-sold/ 06 December 2013 Shared Ownership sales success #2 <p>IT'S been another really successful month for <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> sales with 23 buyers collecting the keys to an affordable new Bromford home.</p> <p>This target-topping total of November completions follows an almost-equally successful October when <a href="/{localLink:3851}" target="_blank" title="Shared ownership sales success">21 buyers</a> saw their property-owning dream come true.</p> <p>And the sales bonanza looks set to continue into December as would-be homeowners on lower incomes keep saying YES to shared ownership, with prices that can be as little as £48,000* and deposits that can be just £2,400* for a typical 40% share.</p> <p>Bromford Homes Head of Sales Alan Bradley is delighted to see so many people taking their first step onto the property ladder&nbsp;− and promises that he and his sales and marketing team will pull out all the stops to help more shared ownership buyers move in by Christmas.</p> <p><img width="600" height="250" src="/media/378021/joint-buyers-eat-pizza-960x400_600x250.jpg" alt="Joint buyers eat pizza"/></p> <p>"It's a tricky time for all would-be buyers right now with property prices going up and many fearing that they will have no other choice than to rent from private landlords," says Alan.</p> <p>"Well, these figures prove that shared ownership continues to make the property dream come true for hundreds of first-time buyers on lower incomes and other people who can't afford to buy a home on the open market.</p> <p>"Our part-buy, part-rent formula&nbsp;− also known as shared ownership&nbsp;− offers them a more affordable and more secure alternative to what's become known as <a href="/{localLink:3694}" target="_blank" title="Hope for Generation Rent">Generation Rent</a>.</p> <p>"We're delighted that people keep saying such an enthusiastic yes to shared ownership and that over the last couple of months we've seen well over 40 buyers settle into a home they can call their own at developments such as <a href="/{localLink:2823}" target="_blank" title="The Beeches">The Beeches</a> in Birmingham.</p> <p>"This surge of completions looks set to continue well into December and we will do everything we can to help ensure that, wherever possible, our shared ownership buyers will be able to collect the keys to their new Bromford home in time to celebrate Christmas there."</p> <p>* The £48,000 figure quoted by Alan would be enough to buy a typical 40% share of a two-bed house at The Beeches, Northfield, and the deposit could be as little as £2,400 assuming you've got a 95% mortgage on what you buy. Buyer shares vary from the 25% minimum up to a maximum of 75%, with around 40% being the average, and low rent payable on the remaining share.<br /> <br /> To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and Bromford developments across central England call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/december/shared-ownership-sales-success-2/ http://www.bromfordhomes.co.uk/news/news/2013/december/shared-ownership-sales-success-2/ 02 December 2013 Colliers Green showhome <p>CHRISTMAS is coming a bit early at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> with a festive showhome opening&nbsp;− and local residents are welcome to come along.</p> <p>Yes, we're rolling out the welcome mat for visitors at Ransome Road New Arley, near Coventry, on Saturday December 7.&nbsp; It's a fun, friendly and informal chance for them to sample a few mince pies as well as the delights of affordable home ownership.</p> <p>We'll also announce the winner of a yummy hamper offered to everyone who entered in a special Bromford Homes prize draw by pre-registering for the open day.</p> <p>With Christmas just a few weeks away, Bromford Homes Head of Sales Alan Bradley couldn't resist pulling these edible treats out of the sales and marketing goodies sack.</p> <p>"We're delighted that the showhome will be finished and kitted out by one of the leading names in property interior design, Claude Hooper, in time for us to open before Christmas," says Alan.</p> <p>"We wanted to give local people the chance to get first look at this stylish showhome and to find out how little it can cost to have one just like it. In fact, we've got TWO great ways for first-time buyers to make their property dream come true here at Colliers Green (pictured below) − <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a>."</p> <p><img width="425" height="305" src="/media/376152/cowley-425x305.jpg" alt="The Cowley 425 x 305"/></p> <p>With shared ownership, you buy between between 25% and 75% of your new Bromford home − the amount depends on what you can afford − and pay low rent on the remaining share. In the case of Colliers Green, it costs as little as £55,125* for a typical 45% share of a two-bed house or £61,650** for a three-bed Cowley.</p> <p>The second option, HelpUbuy equity loan, allows you to buy your new Bromford home for just 80% of its purchase price − in the case of Colliers Green, around £98,000*** for a two-bed home with a full market value of £122,500. You simply pay 5% deposit which in this example is 5% of £98,000 − plus the monthly mortgage payments on what you borrow − and no interest on the other 20% for up to five years and no rent either.</p> <p>"Both are really affordable options for would-be buyers who feel locked out of the property market and are probably renting from private landlords − part of what's now known as <a href="/{localLink:3694}" target="_blank" title="Hope for Generation Rent">Generation Rent</a> − or living at home with their folks," says Alan.</p> <p>"Crucially for most first-time buyers, the deposits in both cases are much cheaper than if you buy outright − as little as £2,757* for 45% shared ownership and as low as £4,900*** for the equity loan scheme. The fact that we are marketing both options means we can sit down together with customers, discuss the various pros and cons and reach a decision on the best route for each buyer."</p> <p>To find out more about <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a>, call <strong>0845 60 10878</strong> or r<a href="/{localLink:2788}" target="_blank" title="Register for updates">egister your interest</a> online. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* With shared ownership, £55,125 would buy a typical 45% share of a two-bed house with a full market value of £122,500. A minimum deposit of £2,757 assumes a 95% mortgage on that typical share. ** £61,650 would buy a typical 45% share of a three-bed Cowley house with a full market value of £137,000. A minimum deposit would be £3,083, assuming a 95% mortgage on that typical share.</p> <p>*** With HelpUbuy equity loan, you could pay £98,000 for a two-bed home with a full market value of £122,500. A 5% deposit on the share you buy would be £4,900.</p> /news/news/2013/november/colliers-green-showhome/ http://www.bromfordhomes.co.uk/news/news/2013/november/colliers-green-showhome/ 28 November 2013 Brookfields half gone <p>FIRST-TIME buyers are snapping up our great affordable homes at <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a>&nbsp;− just five minutes drive from the heart of historic Shrewsbury.</p> <p>Half of the two-bed <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> houses are now reserved, leaving just four more opportunities for local buyers to make their property dream come true for as little as £33,750* and a deposit that could be just £1,688*.</p> <p>That's enough to buy a minimum 25% share of a new feature-packed home built by our <a href="/{localLink:2966}" target="_blank" title="Pride regional win">award-winning site manager</a>, Pete Hamon, and his in-house construction team&nbsp;− and, if you reserve now, you could be moved in by early February.</p> <p>Bromford Homes Head of Sales Alan Bradley says Brookfields is ideal for first-time buyers on lower incomes and other would-be homeowners who can't afford open market prices in this sought-after Shropshire market town.</p> <p>"Prices like this make all the difference for aspiring home-owners in places like Shrewsbury where property prices are often fairly high and incomes are relatively low for many ordinary people," says Alan. "We know many people still aspire to own their home&nbsp;− and shared ownership can make that dream come true at a price and for a deposit that people can truly afford. The typical monthly cost of shared ownership is cheaper too."</p> <p><img width="600" height="250" src="/media/386315/brookfields-960x400_600x250.jpg" alt="Brookfields wide view"/></p> <p>With shared ownership, you buy between 25% and 75% of a new Bromford home rather than buy outright&nbsp;− 40% is an average amount&nbsp;− and pay rent on the remaining share.</p> <p>"It all adds up to a more affordable&nbsp;− and more secure&nbsp;− alternative to private renting for people who can't afford to buy on the open market or can't tap into the Bank of Mum &amp; Dad for an outright sale deposit that could run into tens of thousands," says Alan.<br /> <br /> He urges would-be buyers to "be quick or risk missing out" on the remaining four plots off Bagley Drive as our construction team push towards their first completions.</p> <p>Site manager Pete (pictured below) took charge here after winning the regional Medium Builder category in the NHBC's Pride in the Job competition for the outstanding quality of his work managing another Bromford Homes site in Telford. It's the third year in a row that Pete has picked up some kind of Pride in the Job award while working for Bromford and he's brought that same special "X-factor" to Brookfields.</p> <p><img width="600" height="250" src="/media/364414/pete-hamon-pm-960x400_600x250.jpg" alt="Pete Hamon PM"/><br /> <br /> Alan says: "It's great to know that we've got such an exceptional site manager making sure that that we maintain high-quality workmanship at every stage of the build. Great build quality and first-rate customer service come as standard with every Bromford home&nbsp;− and you also get a lot of features as standard that would normally come as extras elsewhere. Add the benefits of shared ownership and you'll see that's why we say you can't buy better than a Bromford home."</p> <p>* £33,750 would buy a minimum 25% share of a two-bed house at Brookfields with a full market value of £135,000. A deposit of £1,688 assumes a 95% mortgage on that minimum share.</p> <p>First-time buyers can find out more about <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a> and <a href="/{localLink:1446}" title="Shared ownership">shared ownership</a> by calling us on <strong>0845 60 10 878</strong>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> @BromfordHomes and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/november/brookfields-half-gone/ http://www.bromfordhomes.co.uk/news/news/2013/november/brookfields-half-gone/ 20 November 2013 Brom last ones <p>OUR <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> developments in Birmingham are almost sold out&nbsp;− and the first customers are already moving in.</p> <p>Buyers have now reserved all but one of the 13 two and three-bedroom houses at Marston Green's <a href="/{localLink:3496}" target="_blank" title="Moat House Fields">Moat House Fields</a> for part-buy, part-rent prices that start from just £37,500* for the final two-bed.</p> <p>Five customers have moved in and another completion is scheduled for this week&nbsp;− turning the property dream into reality at an affordable cost for first-time buyers and other people who can't afford open market prices.</p> <p>It's a similar story at <a href="/{localLink:2823}" target="_blank" title="The Beeches">The Beeches</a>, Northfield, (pictured below) where just one two-bed shared ownership house is still up for grabs at a starting price of just £30,000** and seven buyers have collected their front door keys.</p> <p><img width="418" height="174" src="/media/404279/thebeeches2_418x174.jpg" alt="BeechesNew2"/><br /> <br /> This follows what Bromford Homes Head of Sales Alan Bradley describes as a shared ownership sales bonanza during October, with <a href="/{localLink:3851}" target="_blank" title="Shared ownership sales success">21 completions</a> in little more than a month and, with 17 completions already in the bag for November, it looks like another record-breaking month.</p> <p>"Shared ownership prices make all the difference for would-be buyers on lower incomes. For them, the only other alternative is living with family or friends and renting from a private landlord at prices that are going up and up," says Alan.</p> <p>"Deposits and monthly costs with shared ownership are truly affordable and <a href="/{localLink:3496}" target="_blank" title="Moat House Fields">Moat House Fields</a> (pictured below) is a great example. You can buy a minimum 25% share of a three-bed house for as little as £37,500 and your deposit can be just £1,875 with a 95% mortgage.</p> <p>"Prices like that make all the difference for people who will probably never be able to save the kind of huge deposits that lenders require for outright sale&nbsp;− and can't tap into the Bank of Mum and Dad like some first-time buyers."</p> <p><img width="425" height="305" src="/media/337711/the-beverley-425x305.jpg" alt="The Beverley 425x305"/><br /> <br /> Bromford Homes Sales Consultant Kirsty Darby gets a big "kick" from handing over the keys to her customers.</p> <p>"That's one of the best bits of the job," she says. "It's so rewarding when you see the excitement and happiness on our customers' faces as they walk over the threshold and realise that at last they've got a home that they can truly call their own. Many of our buyers can't believe how affordable shared ownership is and tell us they feel so much more secure than they are in private rented housing."</p> <p>* £27,500 buys a 25% share of a three-bed house with a market value of £150,000. A 5% deposit on that minimum share would be £1,875.</p> <p>** This example is based on a property price of £120,000. A minimum 25% share would cost £30,000 and a 5% deposit on that would be £1,500.</p> <p>First-time buyers can find out more about <a href="/{localLink:2823}" target="_blank" title="The Beeches">The Beeches</a>, <a href="/{localLink:3496}" title="Moat House Fields">Moat House Fields</a> and <a href="/{localLink:1446}" title="Shared ownership">shared ownership</a> by calling us on <strong>0845 60 10 878</strong>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> @BromfordHomes and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/november/brom-last-ones/ http://www.bromfordhomes.co.uk/news/news/2013/november/brom-last-ones/ 19 November 2013 Rising price & rents <p>SHARED ownership is keeping the property dream alive for lower income earners who despair each time they see the latest news story about soaring property prices and private rents.</p> <p>That's the realistic message of hope that goes out to first-time buyers across central England from Bromford Homes Sales and Marketing Director Bev Hall.</p> <p>She highlights recent shared ownership <a href="/{localLink:3851}" target="_blank" title="Shared ownership sales success">sales success</a> and a string of positive customer <a href="/{localLink:3850}" target="_blank" title="Castle View case study">case studies</a> as proof that Bromford's part-buy, part-rent scheme&nbsp;− also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− is still helping people to get on the property ladder at a price they can really afford.</p> <p>"This is a really worrying time for first-time buyers and other people who can't afford open market prices," says Bev (pictured below), pointing to a <a href="http://www.housing.org.uk/media/press-releases/rising-west-midlands-rents-tipping-bank-of-mum-and-dad-over-edge" target="_blank">ComRes poll</a> that says private rents in the West Midlands now average £505 a month and a new <a href="http://www.estateagenttoday.co.uk/news_features/House-prices-in-astonishing-leap-across-country-claim" target="_blank">LSL/Acadametrics survey</a> saying average house prices now stand at £237,161&nbsp;− up 4.3% over the last year.</p> <p>"Both headlines read like bad news for anyone who's saving up for a deposit on their first home and they're part of an overall trend that threatens to put the dream of home ownership even further from the reach of many people on lower incomes.</p> <p>"For them, it can seem like private renting is the only affordable option unless, like some fortunate first-time buyers, they're able to tap into the Bank of Mum &amp; Dad for an open market deposit that typically runs into tens of thousands of pounds."</p> <p><img width="600" height="250" src="/media/184520/bev_hall_large_news_slider_600x250.jpg" alt="Bev Hall on HomeBuy"/><br /> <br /> Shared ownership offers these would-be buyers an affordable alternative to living with the family or staying part of what's become known as Generation Rent, according to Bev.<br /> <br /> She cites the example of Bromford's part-buy development at Castle View, just outside Stafford, where more than 20 singletons, couples and families have seen their property dream come true for as little as £31,250* and deposits that were as little as £1,563*.<br /> <br /> "We've got a great example here in first-time buyers <a href="/{localLink:3880}" target="_blank" title="Recommend Friend Castle View">Graham and Jamie</a>, who are so pleased with their new shared ownership home that they've gone on to recommend us to two friends, who've also bought Bromford homes," says Bev.</p> <p>Like many first-time buyers, Graham and Jamie were keen to find an affordable and more secure alternative to renting a home from private landlords.</p> <p>Graham picks up the story, saying: "We were looking to buy our first house as we had three dogs, wanted to start a family and didn't want to waste any more money renting property... and when we came to Castle View (pictured below) we instantly fell in love with the high standards and quality finish.</p> <p>"I was happy to recommend Bromford and pleased that, like us, our friends have both successfully bought their own first houses. Both thought buying might be out of their reach and were surprised how easy it was to get on the first rung of the ladder thanks to Bromford's really affordable shared ownership scheme."</p> <p><img width="600" height="250" src="/media/261402/castleview960x400_600x250.jpg" alt="Castle View"/></p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* £31,250 is a minimum 25% share of a two-bed house with a full value of £125,000 and the deposit, based on a 95% mortgage, would be £1,563.</p> /news/news/2013/november/rising-price-rents/ http://www.bromfordhomes.co.uk/news/news/2013/november/rising-price-rents/ 15 November 2013 Recommend Friend Castle View <p>FIRST-TIME buyer Graham was so pleased with his new Bromford home that he encouraged a friend&nbsp;to take a look at our Castle View development just outside Stafford.</p> <p>She was equally impressed − and decided to buy a <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> Bromford home in the neighbouring street at Doxey.</p> <p>As a result,&nbsp;Graham picked up a £250 <a href="/{localLink:2886}" target="_blank" title="Recommend a Friend">Recommend A Friend</a> incentive − and then doubled his reward to £500 by encouraging a second friend to buy his first home at another Bromford development, Rugeley's <a href="/{localLink:1623}" target="_blank" title="Bracken Gardens">Bracken Gardens</a>.</p> <p>"Recommend A Friend is a great way of rewarding customers like us who love our new Bromford homes and are happy to endorse them to family or friends," says Graham, who bought&nbsp;the two-bed Castle View house with partner Jamie.</p> <p>"I was happy to recommend Bromford and pleased that, like us, our friends have both successfully bought their own first houses. Both thought buying might be out of their reach and were surprised how easy it was to get on the first rung of the ladder thanks to Bromford's really affordable shared ownership scheme."<br /> <br /> Like many first-time buyers, Graham and Jamie were keen to find an affordable and more secure alternative to renting a home from private landlords.<br /> <br /> "We were looking to buy our first house as we had three dogs&nbsp;− Pumpkin, Harry and Maisy&nbsp;− wanted to start a family and didn't want to waste any more money renting property! Having pets made it hard to find suitable rented property," explains Graham.</p> <p>"We went to Bromford as we were impressed by shared ownership and the various <a href="/{localLink:1505}" target="_blank" title="Incentives">incentives</a> they offer such as deposit matching at selected developments. We looked at a few new houses but when we came to Castle View (pictured below) we instantly fell in love with the high standards and quality finish."</p> <p><img width="597" height="420" src="/media/247337/dscf0630_cropped_597x420.jpg" alt="Street Scene"/><br /> <br /> Graham and Jamie say they're equally impressed by the Bromford commitment to first-rate <a href="/{localLink:1359}" target="_blank" title="Customer service">customer service</a> from the opening conversation with a sales consultant to the big day when a buyer collects their front door keys... and beyond.</p> <p>"We were very happy with the quality of service from the first time we met our sales adviser. It was made so simple for us to buy the house... Bromford arranged the mortgage adviser and put is in touch with solicitors and so on," says Graham.<br /> <br /> "I think that for anyone looking to buy their first house and who needs a helping hand, then I would always recommend Bromford. Luckily, we've not needed Bromford too much since we've moved in but I am sure if we did then I know they would be happy to help.<br /> <br /> "Getting onto the property ladder with a home we can call our own has given us the stability we craved to start building a family. We have lovely neighbours on a lovely estate. Our house is of a high quality and we love it!"<br /> <br /> Bromford Homes Head of Sales Alan Bradley says: "It's great to hear such resounding praise for Bromford build quality and customer service and for shared ownership. We're delighted to see the property dream come true for buyers like Graham and Jamie&nbsp;− and to reward them with useful shopping vouchers when they recommend us to other first-time buyers.</p> <p>"Shared ownership is making the difference for hundreds of first-time buyers across central England. We've just highlighted a really successful month of sales during October and stories like this encourage us to believe that buyers will keep saying a big YES to shared ownership now and into the New Year."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our <a href="/{localLink:2886}" target="_blank" title="Recommend a Friend">Recommend a Friend</a> incentive, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/november/recommend-friend-castle-view/ http://www.bromfordhomes.co.uk/news/news/2013/november/recommend-friend-castle-view/ 13 November 2013 Beeches last one <p>WANNABE homebuyers have a last opportunity to see for themselves this weekend why we say our <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes at <a href="/{localLink:2823}" target="_blank" title="The Beeches">The Beeches</a> are BIG on living space and BIG on value.</p> <p>We're rolling out the welcome mat on Saturday (November 9) to give first-time buyers a chance to check out the exceptional build quality and room sizes of our last remaining two-bed house.</p> <p>You can also take the chance to sit down with a property expert to talk about how our part buy-part rent deal works and how it can unlock the home of your dreams for as little as £30,000*.</p> <p>Visitors are welcome from 11am to 2pm on the corner where Merritt's Brook Lane meets Basil Road on the Frankley reservoir side of Northfield − all you have to do is book an appointment through estate agents Connells on <strong>0121 426 2800</strong>.</p> <p><img width="600" height="250" src="/media/404274/thebeeches1_600x250.jpg" alt="BeechesNew1"/></p> <p>Eleven of the 12 two and three-bed shared ownership homes (pictured above) have now been reserved or sold&nbsp;− and Bromford Homes Head of Sales Alan Bradley is confident that the last Frankley home will be snapped up too.</p> <p>He urges would-be buyers to come along on Saturday, saying: "If you want to get on the property ladder in south Birmingham, there's no better place and no better way. Shared ownership is the most affordable way for buyers to realise their dream of home ownership − especially anyone who thinks they're stuck in private rented housing. Shared ownership represents a more affordable, more secure alternative.</p> <p>"What's more, The Beeches offers room sizes that are exceptional for a starter home and ideal for anyone who is maybe thinking of starting a family and can grow into their new home without having to move on a few years time.</p> <p>"Our colleagues from estate agents Connells will be there on Saturday with a warm welcome and really look forward to meeting anyone who wants to find out more about how truly affordable it is to get a great new home with shared ownership."</p> <p><img width="600" height="250" src="/media/404284/thebeeches3_600x250.jpg" alt="BeechesNew3"/></p> <p>Prices start from as little as £30,000* for a two-bed Frankley semi with a deposit that could be as low as £1,500* . "With shared ownership, you buy between 25% and 75% of a great new Bromford home and pay low rent on the remaining share rather than buy outright. It really is as simple as that," explains Alan.</p> <p>* This example is based on a property price of £120,000. A minimum 25% share would cost £30,000 and a 5% deposit on that would be £1,500.<br /> <br /> First-time buyers can find out more about <a href="/{localLink:2823}" target="_blank" title="The Beeches">The Beeches</a> and <a href="/{localLink:1446}" title="Shared ownership">shared ownership</a> by calling us on <strong>0845 60 10 878</strong> or Connells on <strong>0121 426 2800</strong>. You can also stay in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> @BromfordHomes and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/november/beeches-last-one/ http://www.bromfordhomes.co.uk/news/news/2013/november/beeches-last-one/ 06 November 2013 Shared ownership sales success <p>MORE than 20 <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> buyers have collected the keys to a new Bromford house or apartment in little more than a month − and seen their property dream come true with plenty of time to celebrate their first Christmas in a home they can call their own.</p> <p>The target-topping total of 21 completed sales by the end of last week is highlighted by Bromford Homes Head of Sales Alan Bradley as further proof of the strong need for affordable houses and apartments across central England.</p> <p>Affordable deposits and affordable monthly costs are the main reason, he says, why first-time buyers and other people on lower incomes are saying such an enthusiastic YES to shared ownership.</p> <p>"Our part-buy, part-rent formula makes all the difference to people who want a home they can call their own but can't afford the hefty deposits that mortgage lenders generally require for outright sale," says Alan.</p> <p>"Many of them are stuck living with family or friends or feel they have no other choice but to rent from private landlords&nbsp;− part of what's now known as <a href="/{localLink:3694}" target="_blank" title="Hope for Generation Rent">Generation Rent</a>.<br /> <br /> "Well, it doesn't have to be that way and we've got just over 20 different customer stories this month to prove it. The fact is you can get on the property ladder with shared ownership for as little as, say, £30,000 and a deposit that could be just £1,500."</p> <p><img width="420" height="175" src="/media/196960/beeches_home_big_slider_420x175.jpg" alt="Beeches be quick"/><br /> <br /> That's enough to buy a 25% share of a two-bed house at <a href="/{localLink:2823}" target="_blank" title="The Beeches">The Beeches</a>, Northfield, (pictured above) assuming you've got a 95% mortgage on what you buy. Buyer shares vary from the 25% minimum up to a maximum of 75%, with around 40% being the average, and low rent payable on the remaining share.</p> <p>The Beeches is just one of more than a dozen part-buy developments where buyers have moved in this month&nbsp;− the latest being at <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a>, Lichfield, where just three of the six apartments are still up for grabs.</p> <p><img width="425" height="305" src="/media/252099/greyfriars_425x305.jpg" alt="Greyfriars 425x305"/></p> <p>Bromford Sales Consultant Harj Bahia handed over the keys to the first buyer to move in at Lichfield (pictured above) last week. "This is definitely one of the most rewarding parts of the job&nbsp;− seeing a customer's dream come true after working with them from the first telephone chat or meeting," says Harj.</p> <p>"Buyers are genuinely surprised at how little they can pay for a brand new home that they can call their own. The actual share they buy depends on individual circumstances but we make sure that each deal is truly affordable and most buyers are pleasantly surprised to find that the total monthly costs are cheaper than what you would pay to rent a similar home from a private landlord."</p> <p>Alan nods in agreement and says: "I'm proud of Harj and all the Bromford Homes colleagues who played their part in helping so many of our buyers to achieve their dream during October&nbsp;− and all the other months of the year. Many more of our shared ownership homes across central England have been reserved and we've got every reason to believe that buyers will keep saying a big YES to <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> now and into the New Year."</p> <p>To find out more about how you can make your property dream come true, call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a><strong>.</strong> You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/november/shared-ownership-sales-success/ http://www.bromfordhomes.co.uk/news/news/2013/november/shared-ownership-sales-success/ 04 November 2013 Castle View case study <p>RISING property prices were a real worry for first-time buyer Victoria Follows. She spent many months looking for an affordable way to get onto the property ladder and was starting to think her dream might never come true when she found out about our <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> houses at Castle View, Stafford.</p> <p>Our affordable part-buy, part rent scheme&nbsp;− also known as shared ownership&nbsp;− meant Victoria could afford to go solo and use the savings she had built up while living with her parents as deposit on a new two-bed house that she could call her own.</p> <p>That was just three months ago and 28-year-old Victoria is still loving every minute of her new lifestyle&nbsp;− including the freedom to "make as much mess as possible while trying out new recipes" in her own kitchen!</p> <p>This enthusiastic home cook looks forward to increasing her ownership share when she can afford it and&nbsp;− from a personal point of view&nbsp;− has already recommended shared ownership to other first-time buyers.</p> <p>"Shared ownership really is an affordable way to get your foot on the property ladder&nbsp;− especially if, like me, you want to buy a home in an area that you couldn't otherwise afford," says Victoria, a trainee solicitor.</p> <p>"I had been looking to buy my own home for more than six months, on and off. Stafford property prices can be quite high so there were fairly few places in my price range on the open market.</p> <p>"I did consider renting but felt this would be wasting money and not actually get me anywhere. Then I heard about the new estate being built at Doxey, on the outskirts of Stafford (pictured below), and my younger brother drew my attention to the shared ownership homes.</p> <p><img width="597" height="420" src="/media/247337/dscf0630_cropped_597x420.jpg" alt="Street Scene"/><br /> <br /> "I was aware of shared ownership and decided it was right for me. Buying a share rather than outright means the deposit is much more affordable than if buying outright.<br /> <br /> "The total monthly costs are very reasonable too. This was important for me as I was apprehensive about making the leap to being a property owner because of all the other associated costs on top of the mortgage. Knowing that I had the support of Bromford through the buying process and afterwards also gives me peace of mind."<br /> <br /> Three months after collecting the keys to her first home, the trainee solicitor is happily settled in with her cat Tilly and&nbsp;− for the time being&nbsp;− her younger brother Andy.<br /> <br /> "Having a home of my own is everything I hoped for&nbsp;− and more. It's convenient for the daily commute into Stafford where I work, and my family and friends all live locally so the location really is ideal," says Victoria. "Looking ahead, I certainly plan to increase the share I own through what's called staircasing when I can afford it and eventually, in my own time, would like to own my home outright."<br /> <br /> <strong>So would she recommend shared ownership to other first-time buyers?</strong><br /> <br /> "Yes and I already have! I would definitely tell them to go for it. It's important, of course, to make sure you know exactly what they are signing up to but <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> is a truly affordable way of getting onto the property ladder."</p> <p>Bromford Homes Head of Sales Alan Bradley highlights <a href="/{localLink:3192}" target="_blank" title="Castle View">Castle View</a> as one of Bromford's big shared ownership success stories during 2013.</p> <p>"Shared ownership is ideal for buyers like Victoria who have local roots, see private sector rent as wasted money and simply can't afford open market prices in a popular place like Stafford where property prices are relatively high and incomes for many people simply haven't kept pace," he says.</p> <p><img width="599" height="333" src="/media/343394/stafford-26-612x340_599x333.jpg" alt="Stafford 26"/></p> <p>"We had more than 20 shared ownership homes here and they were snapped up in a matter of months, with some buyers paying as little as £35,000* for a minimum 25% share of a two-bed house and as little as £1,750* in deposit.<br /> <br /> "This rapid take-up highlights the need here in Staffordshire (above) and across central England for an affordable and secure alternative to private renting. That's why first-time buyers keep saying a big YES to shared ownership."<br /> <br /> * £35,000 would buy a 25% share of a two-bed house at Castle View and a deposit could be as little as £1,750 with a 95% mortgage on that minimum share. The actual amount you buy reflects what you can afford. It ranges from 25% to a maximum or 75%, with 40% being a typical amount, and you pay low rent on the remaining share.</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes in your area, <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or call us on <strong>0845 60 10878</strong>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes">Facebook</a>.</p> /news/news/2013/november/castle-view-case-study/ http://www.bromfordhomes.co.uk/news/news/2013/november/castle-view-case-study/ 01 November 2013 SMV stamp duty deal <p>MOVE FAST and you can save thousands on your big move into one of the last few remaining four-bed executive homes at <a href="/{localLink:1742}" target="_blank" title="St Mark's View">St Mark's View</a>, Cheltenham.</p> <p>Reserve now or during November and exchange before December 6 and we'll carpet your new <a href="/{localLink:2965}" target="_blank" title="The Emerson">Emerson</a> home and give you a whopping £5,700 towards the cost of stamp duty.</p> <p>With purchase prices starting from £285,995, it all adds up to a fantastic festive deal that could see you collect the keys and move into the home of your dreams&nbsp;− possibly before Christmas.</p> <p>But the clock is ticking, says Bromford Homes Sales and Marketing Director Bev Hall, and her advice is to would-be homebuyers is this:</p> <p>"Be quick or you'll miss out on this amazing chance to save a small fortune on the cost of moving into one of these superb St Mark's View homes," she says.<br /> <br /> "Buyers have snapped up 19 of these high-quality Bromford houses, leaving just two spacious Emerson homes&nbsp;− one of which will be finished in time for Christmas and the other by January.</p> <p>"With Christmas just two months away, we decided it was a good time to offer this fantastic festive incentive if buyers can reserve during November and exchange contracts by December 6."</p> <p><img width="600" height="250" src="/media/385160/smv-plot16-screenshot_600x250.jpg" alt="SMV plot16 screenshot"/><br /> <br /> Buyers will get a great deal in every sense because the Emersons come with a superb specification that includes:</p> <ul> <li>&nbsp;feature-packed open-plan kitchen</li> <li>&nbsp;dining area with french doors opening out onto the rear garden</li> <li>&nbsp;master bedroom en-suite and family bathroom with separate bath and shower cubicle</li> <li>&nbsp;separate cloakroom and utility room</li> </ul> <p>"Inside, these four-bed homes have everything you would expect with a four-bed family home − and more. They've got the space, a great people-friendly design and a great specification − with many extras fitted as standard that would normally come as extras elsewhere," says Bev.<br /> <br /> "But don't just take my word for it&nbsp;− please come along and see our demo home for yourselves and I'm sure you'll agree. You really can't buy better than a Bromford home at St Mark's View&nbsp;− and that's truer than ever with this special festive offer."</p> <p>The Tennyson Road sales suite and demo home are open from Friday to Monday between 10am and 5pm. To find out more about <a href="/{localLink:1742}" target="_blank" title="St Mark's View">St Mark's View</a> call 01242 510488. You can also keep in touch by <a href="/{localLink:2788}" target="_blank" title="Register for updates">registering for updates</a> and by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> @BromfordHomes and on <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/october/smv-stamp-duty-deal/ http://www.bromfordhomes.co.uk/news/news/2013/october/smv-stamp-duty-deal/ 30 October 2013 Middlemore last four <p>FIRST-TIME buyers are voting with their feet&nbsp;− and their hard-saved deposits&nbsp;− by saying a resounding yes to our <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes at <a href="/{localLink:3040}" target="_blank" title="Middlemore Heights">Middlemore Heights</a>, Daventry.</p> <p>They've now snapped up 11 plots&nbsp;− including all the two-bed homes&nbsp;− and that leaves just four three-bed houses still up for grabs with prices starting from £38,125* and minimum deposits from £1,906.</p> <p>It's a truly affordable way of getting onto the property ladder and, with the festive season just two months away, we're offering buyers a special incentive that makes it even more affordable if they can move in before Christmas.</p> <p>Yes, reserve one of the remaining Middlemore Heights houses during November and complete your purchase by December 12 and we'll give you £250 towards legal costs.</p> <p>It's a welcome boost for budget-conscious homebuyers, according to Bromford Homes Head of Sales Alan Bradley. "This makes a great opportunity even better for first-time buyers and other people who can't afford to buy on the open market," he says.</p> <p>"Customers have been snapping up these houses since we opened our Middlemore Heights showhome and they got the chance to see how much great value you get with a Bromford shared ownership home.</p> <p>"Now we've got just four left and my advice to other would-be buyers is to 'be quick or miss out' on this truly affordable chance to make your home ownership come true."</p> <p><img width="425" height="305" src="/media/386131/willoughby-425x305.jpg" alt="Willoughby"/><br /> <br /> The secret with shared ownership is that, instead of buying outright, you buy between 25% and 75% of your new Bromford home and pay low rent on the remaining share.
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How much you actually buy depends on what you can afford&nbsp;− the average is about 40% or about £61,000 for a three-bed house like the Willoughby (pictured above) with a full market value of £152,500.</p> <p>"Would-be buyers might also be surprised to find out that the total monthly costs with shared ownership are typically lower than if buying outright or renting from a private landlord," explains Alan.</p> <p>"It's no wonder then that so many first-time buyers have already said a big YES to shared ownership&nbsp;− and it might surprise you to find out that you can have a combined household income of up to £60,000 and still qualify for this great part-buy, part rent deal."</p> <p>Middlemore Heights is a great location for commuters and young families, with a wide choice of local primary schools, shops and local leisure facilities. It's two miles from Daventry town centre and within easy driving distance of Rugby, Northampton or Leamington Spa. Long Buckby railway station is less than five miles away and from there you can get to Birmingham New Street in less than 50 minutes.</p> <p>All homes come with a fully-fitted kitchen, oven, hob and extractor, downstairs cloakroom, fitted wardrobe to master bedroom, full gas-fired central heating, double glazing and high-performance insulation throughout. Allocated parking, turfed rear gardens and 10-year <a href="/{localLink:1511}" target="_blank" title="NHBC">NHBC New Home warranty</a> are also included.<br /> <br /> Our <a href="/{localLink:3040}" target="_blank" title="Middlemore Heights">Middlemore Heights</a> showhome is open Saturdays, 11am-4pm. To find out more about our homes and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> call <strong>0845 60 10 878</strong> and talk to one of our experts. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> and follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook.</a>
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* £38,125 would buy a minimum 25% share of a three-bed house with a full market value of £152,500. A minimum deposit would be £1,906, assuming a 95% mortgage on that minimum share.</p> /news/news/2013/october/middlemore-last-four/ http://www.bromfordhomes.co.uk/news/news/2013/october/middlemore-last-four/ 29 October 2013 Greyfriars open day <p>WANT to live in the heart of leafy Lichfield&nbsp;− with shops, bars and restaurants only a few minutes walk away? Can't afford open market property prices?</p> <p>Then don't miss out on the first opportunity to see our affordable apartments at <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a>&nbsp;− and to get a taste of what Lichfield city living would be like.</p> <p>Yes, we're opening our Queen Street demonstration home this Saturday (October 26) and you're all welcome to come along and find out how this slice of Lichfield city living can be yours for as little as £38,375*.</p> <p>The secret is our popular part-buy, part-rent deal&nbsp;− also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− which means that instead of buying outright you buy between 25% and 75% of your new home and pay low rent on the remaining share.</p> <p>How much you buy depends on what you can afford but a typical share is 40%, or £61,400 for a Greyfriars House apartment, and a 25% share is £38,375, with a deposit for that minimum amount that could be as little as £1,919*.</p> <p>"It all adds up to a truly affordable way of getting onto the property ladder in a sought-after city like Lichfield - especially at a time one of the leading mortgage lenders has just highlighted a <a href="/{localLink:3824}" target="_blank" title="Buy now and beat bubble">huge increase in average property prices</a>," says Bromford Homes Head of Sales Alan Bradley.<br /> &nbsp;<br /> "Deposits are much lower with shared ownership and the <a href="/{localLink:3438}" target="_blank" title="SOweek13 Q&amp;A">average monthly costs are proven to be cheaper</a> than if you rent from a private landlord&nbsp;− and much more secure.<br /> &nbsp;<br /> "That's why so many first-time buyers and other people who can't afford to buy on the open market&nbsp;− many of them stuck in what's become known as <a href="/{localLink:3694}" target="_blank" title="Hope for Generation Rent">Generation Rent</a>&nbsp;− are saying a big YES to shared ownership."<br /> &nbsp;<br /> Three Greyfriars apartments have already been snapped up and Alan is confident that the other three will be reserved very soon after would-be buyers have had a chance to see the demo home.<br /> &nbsp;<br /> "These are ideal city centre homes for first-time buyers or downsizers who've maybe been renting a biggish house and want to invest some of their savings in a home they can call their own," says Alan.</p> <p><img width="425" height="305" src="/media/252099/greyfriars_425x305.jpg" alt="Greyfriars 425x305"/><br /> &nbsp;<br /> "They're light and bright with lots of standard features&nbsp;− like fitted carpets, washing machine and oven with hob hood&nbsp;− that would probably come as extras elsewhere and they're energy-efficent so your utility bills will be kept to a minimum.<br /> &nbsp;<br /> "Last but not least, they've got a brilliant central location&nbsp;− Lichfield Cathedral and Minster Pool are just around the corner, the Garrick Theatre is close by, Beacon Park is near at hand&nbsp;− and so are all the usual high street shops, bars and cafes. Who could ask for more?<br /> &nbsp;<br /> "But please don't take my word for it. Why not come along to our demo home opening this Saturday and see for yourself&nbsp;− and find out how one of these fabulous apartments can be yours for much less than you probably think?"<br /> &nbsp;<br /> All apartments are finished to a high specification that includes central heating, double glazing, fitted kitchens with oven, hob and extractor hood, bathroom with shower, fitted carpets&nbsp;and allocated parking.<br /> &nbsp;<br /> The demonstration home off Queen Street is open on Saturday (October 26) from 10am to 4pm. To find out more about <a href="/{localLink:2952}" target="_blank" title="Greyfriars House">Greyfriars House</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, give Bromford Homes a call now on <strong>0845 60 10878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.<br /> &nbsp;<br /> * £38,375 will buy you a minimum 25% share of a two-bed apartment with a market value of £153,500 and your deposit could be as little as £1,919, based on a 95% mortgage. You can buy up to 75%&nbsp;− the actual amount reflects how much you can afford&nbsp;− and pay low rent on the remaining share plus competitive service charges.</p> /news/news/2013/october/greyfriars-open-day/ http://www.bromfordhomes.co.uk/news/news/2013/october/greyfriars-open-day/ 24 October 2013 Rural house prices <p>A NEW property survey has highlighted the plight of first-time buyers in the Cotswold area by naming it the least affordable rural district in Britain.</p> <p>Buying a typical home here on the open market can cost more than nine times&nbsp;− or £318,128&nbsp;− the local gross annual average earnings of £33,721, says the Halifax research.</p> <p>The findings are highlighted by Bromford Homes Sales and Marketing Director Bev Hall because, she says, they reinforce the need for more <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes in the Cotswold and other rural areas.</p> <p>"The Halifax figures may shock some people but probably won't come as a surprise to first-time buyers in Cotswold district and other sought-after rural places where property prices are high and average wages relatively low," says Bev.</p> <p>"These are mostly younger people with strong local roots and it can seem like the only option is to stay with the family or become part of Generation Rent, with little or no hope of buying a home as they watch property prices and private rents get higher and higher.</p> <p>"For them, shared ownership probably represents the only affordable way of getting onto the property ladder unless&nbsp;− like some fortunate first-time buyers&nbsp;− they are able to tap into what's become known as the Bank of Mum and Dad."</p> <p><img width="470" height="196" src="/media/372702/fortuna-exteriors-1_470x196.jpg" alt="Fortuna exteriors 1"/><br /> <br /> With shared ownership, you buy between 25% and 75% of your new home and pay low rent on the remaining share. So, for example, at Cirencester's popular <a href="/{localLink:1812}" target="_blank" title="Fortuna">Fortuna</a> (pictured above) development&nbsp;− in the heart of Cotswold district&nbsp;− you can get onto the property ladder for as little as £31,250* and pay as little as £1,563* in deposit, based on a 95% mortgage.</p> <p>"That deposit is much less than you would have to pay if buying on the open market − or if you buy through the new Help to Buy mortgage scheme," says Bev. "That's true even if you end up buying a more typical shared ownership share of 40%. That would cost you £50,000 using the same example at Fortuna and a minimum 5% deposit would be just £2,500."</p> <p>Compare that, says Bev, with a similar apartment selling for an open market price of £125,000. A minimum 5% deposit would be £6,250 − two and a half times as much as our average part-buy example.<br /> <br /> "These figures − and especially the low deposits − go a long way towards explaining why so many people on lower incomes are saying YES to shared ownership&nbsp;− especially in rural areas like Cirencester. In fact, we've sold more than 90 part-buy homes here at Fortuna and are down to our last few apartments," says Bev, who also points to other rural shared ownership success stories such as <a href="/{localLink:3210}" target="_blank" title="Middleton Chase">Middleton Chase</a> in Middleton Cheney, Northamptonshire.</p> <p>"It's also been proven that your typical total <a href="/{localLink:3356}" target="_blank" title="SOweek13">monthly housing costs are cheaper</a> with shared ownership than if renting from a private landlord or buying outright. That's true even when you add in the low rent that's charged on the share you don't buy as well as other regular housing costs," Bev (pictured below) tells first-time buyers.</p> <p><img width="477" height="199" src="/media/184520/bev_hall_large_news_slider_477x199.jpg" alt="Bev Hall on HomeBuy"/></p> <p><br /> "At the end of the day, you get a new feature-packed, energy-efficient home that you can call your own. You can decorate it the way you like and enjoy the peace of mind that comes with knowing that it's so much more secure than rented housing."<br /> <br /> According to the Halifax survey, rural house prices are on average 13% more expensive than in urban areas. Home buyers in rural areas will pay £206,423 for a property, compared to £182,710 in a town or a city.<br /> <br /> In the West Midlands, for example, an open market home will cost £251,996 in a rural area, while a similar home would cost £145,801 in an urban area&nbsp;− a 59% price difference.<br /> <br /> The research also concludes that while first-time buyers account for more than half&nbsp;− 52%&nbsp;− of house purchases in urban areas, they account for just 40% in the countryside.<br /> <br /> To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, give Bromford Homes a call now on <strong>0845 60 10878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.<br /> <br /> Go <a href="http://www.lloydsbankinggroup.com/media/pdfs/halifax/2013/1910_House_Prices.pdf" target="_blank">here</a> to find out more about the Halifax survey and how they worked out their figures.</p> <p>* £31,250 would buy a 25% share of a one-bed apartment at Fortuna and a deposit could be as little as £1,563 with a 95% mortgage on that minimum share. The actual amount you buy reflects what you can afford.</p> /news/news/2013/october/rural-house-prices/ http://www.bromfordhomes.co.uk/news/news/2013/october/rural-house-prices/ 22 October 2013 Buy before Christmas <p>OUR great <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> deals just got even better at four developments with a festive offer for buyers who want move into a new Bromford home before Christmas.</p> <p>Yes, we're offering you £500 towards legal costs on the last remaining shared ownership plots at <a href="/{localLink:3210}" target="_blank" title="Middleton Chase">Middleton Chase</a>, Middleton Cheney; <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a>, Rugby; and <a href="/{localLink:3222}" target="_blank" title="Roman View">Roman View</a>, Greens Norton, if you complete your purchase before December 20.</p> <p>The festive spirit is even more generous at <a href="/{localLink:1812}" target="_blank" title="Fortuna">Fortuna</a>, Cirencester, where you can choose between free fitted carpets or a free fridge-freezer plus £1,500 towards your purchase on our last few remaining apartments.</p> <p>Bromford Homes Head of Sales Alan Bradley couldn't resist pulling these wallet-friendly offers out of the sales and marketing goodies sack as we head towards the most festive&nbsp;− and expensive&nbsp;− time of the year for householders.</p> <p>"This is our way of helping first-time buyers to make their new home dream come true and to enjoy what will probably be their best-ever Christmas present to themselves," he says.</p> <p>"We've chosen four popular developments where we're down to our very last remaining plots and offer these incentives to buyers who complete their purchase before Christmas. What could be better than moving into a brand new Bromford home that you can call your own in time to celebrate your first Christmas there?"</p> <p><img width="600" height="250" src="/media/372702/fortuna-exteriors-1_600x250.jpg" alt="Fortuna exteriors 1"/><br /> <br /> Alan highlights the deal at Cirencester's popular Fortuna development (pictured above), where just one two-bed shared ownership apartment remains on sale for as little as £31,250* together with one two-bed apartment at £37,500* for a minimum 25% share.</p> <p>"This choice of incentives at Fortuna is just the thing for singletons and young couples who are in a position to make their move," says Alan. "We know that budgets are tight for first-time buyers and other people who can't afford to buy on the open market. So free fitted carpets or a new fridge-freezer plus a £1,500 contribution towards your purchase can make a big difference − especially at this time of the year."</p> <p>The £500 contribution towards legal costs is offered on selected homes only. They are:</p> <ul> <li>The last three-bed Marston (plot 8) at Middleton Chase&nbsp;− priced just £53,750 if you buy a minimum 25% share, with a deposit that could be as low as £2,688 with a 95% mortgage</li> <li>Plot 120 at Oaklands&nbsp;− a two-bed Sanderling which could cost as little as £34,250 for a minimum 25% share, with a deposit that could be just £1,713 with a 95% mortgage</li> <li>The last three-bed Sandringham at Roman View (plot 19)&nbsp;− priced just £48,750 if you buy a minimum 25% share, with a deposit that could be as low as £2,438 with a 95% mortgage.</li> </ul> <p>To find out more, call now on <strong>0845 60 10878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a>. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/october/buy-before-christmas/ http://www.bromfordhomes.co.uk/news/news/2013/october/buy-before-christmas/ 19 October 2013 Buy now and beat bubble <p>MAKE your new home dream come true through <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and don't delay if you want to make the most of low-rate home loans and current market prices.</p> <p>This timely advice goes out to would-be buyers on lower incomes from Bromford Homes Sales and Marketing Director Bev Hall, an expert in affordable home ownership.</p> <p>You can move out of rented housing and into a secure shared ownership home for as little as £1,500 deposit, she says, and enjoy the benefits before soaring property values and higher interest rates bump up the cost.</p> <p>"Now's the time to make your move if you want a home of your own but rent from a private landlord or live with your family or friends," Bev urges first-time buyers and other people who can't afford to buy on the open market.</p> <p>"Our part-buy, part-rent scheme&nbsp;− also known as shared ownership&nbsp;− remains the most affordable way for you to take your first step onto the property ladder if you can't afford outright sale prices or one of the new Help to Buy equity loans.</p> <p>"The property market is changing&nbsp;− and changing fast. Average home prices have just hit a record high and the Bank of England has now warned that interest rates may rise as early as next year.</p> <p>"We at Bromford always do everything we can to make sure shared ownership costs are truly affordable but the growth in house prices is gathering pace and it won't be long before that pushes up the value of homes on new developments.<br /> <br /> "If interest rates go up too, then all forms of homebuying will cost more and that's particularly bad news for first-time buyers on lower incomes&nbsp;− people who already have to work very hard to make ends meet and to save for a deposit. If that sounds like you and you're already in a position to make your move then I would recommend that you don't delay. Ask us about shared ownership and how it can help you move into a new home that you can call your own."</p> <p><img width="600" height="250" src="/media/184520/bev_hall_large_news_slider_600x250.jpg" alt="Bev Hall on HomeBuy"/><br /> <br /> Deposits and monthly mortgage costs are so low with shared ownership because, instead of buying outright, you buy between 25% and 75% of your new home - and pay low rent on the remaining share.<br /> <br /> If you take an example like <a href="/{localLink:2823}" target="_blank" title="The Beeches">The Beeches</a> in Northfield, you can buy a minimum 25% share of a two-bed house&nbsp;− the actual amount will reflect how much you can afford&nbsp;− for just £30,000 and your deposit could be as little as £1,500, assuming a 95% mortgage.<br /> <br /> "That deposit is much less than you would have to pay if buying on the open market&nbsp;− or if you buy through the new Help to Buy mortgage scheme," says Bev (pictured above). "That's true even if you end up buying a more typical shared ownership share of 40%. That would cost you £48,000 using the same example at The Beeches and a minimum 5% deposit would be just £2,400."<br /> <br /> Compare that, she says, with a similar home selling for an open market price of £120,000. A minimum 5% deposit would be £6,000&nbsp;− two and a half times as much as our average part-buy example.<br /> <br /> "These figures&nbsp;− and especially the low deposits&nbsp;− go a long way towards explaining why so many people on lower incomes are saying YES to share ownership," says Bev.<br /> <br /> "It's also been proven that your typical total monthly <a href="/{localLink:3356}" target="_blank" title="SOweek13">housing costs are cheaper with shared ownership</a> than if renting from a private landlord or buying outright. That's true even when you add in the low rent that's charged on the share you don't buy as well as other regular housing costs.<br /> <br /> "At the end of the day, you get a new feature-packed, energy-efficient home that you can call your own. You can decorate it the way you like and enjoy the peace of mind that comes with knowing that it's so much more secure than rented housing. So many of our shared ownership buyers tell us that they appreciate this&nbsp;− especially families with children at school and a network of local family and friends."</p> <p>To find out more about shared ownership, give Bromford Homes a call now on <strong>0845 60 10878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>&nbsp;</p> /news/news/2013/october/buy-now-and-beat-bubble/ http://www.bromfordhomes.co.uk/news/news/2013/october/buy-now-and-beat-bubble/ 17 October 2013 Birmingham & Coventry part-buy <p>WANT to get onto the property ladder at a price&nbsp;− and with a deposit&nbsp;− that you can truly afford? Then look no further than Bromford Homes' latest developments in and around Birmingham and Coventry where it's possible to buy your first home for as little as £30,000.</p> <p>That's enough to buy a minimum 25% share of a new <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> home at <a href="/{localLink:2823}" target="_blank" title="The Beeches">The Beeches</a>, Northfield, Birmingham&nbsp;− and your deposit could be as little as £1,500&nbsp;based on a 95% mortgage.</p> <p>Shared ownership can also unlock the door to a new home at <a href="/{localLink:1617}" target="_blank" title="Minstrel Park">Minstrel Park</a>, Stratford-upon-Avon, where prices start from £45,000 and your deposit can be just £2,250.</p> <p>It gets even better at New Arley's <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, just north of Coventry, because here you have TWO great ways to buy. Yes, we're selling 12 of these feature-packed new homes through our popular part-buy, part-rent scheme&nbsp;− also known as shared ownership&nbsp;− and another eight through our new HelpUbuy <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a> offer.<br /> <br /> Bromford Homes Head of Sales Alan Bradley describes the choice at Colliers Green (pictured below) as a really rare opportunity for first-time buyers and other would-be home-owners who can't afford open market prices.<br /> <br /> "It's unusual for an affordable housing developer like Bromford to offer a choice of shared ownership AND equity loans on the same site," says Alan. "Both are really affordable options for would-be buyers who feel locked out of the property market and could be renting from private landlords − part of what's now known as Generation Rent − or living at home with their folks."</p> <p><img width="425" height="305" src="/media/376157/daffern-425x305.jpg" alt="The Daffern 425 x 305"/><br /> <br /> Bromford makes sure that every homebuyer deal is truly affordable&nbsp;− and, of course, that includes our shared ownership developments at Minstrel Park and The Beeches, where just two homes remain on sale.<br /> <br /> With <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, you buy between between 25% and 75% of your new Bromford home − the amount depends on what you can afford − and pay low rent on the remaining share. In the case of Colliers Green, it costs as little as £30,625 for a minimum 25% share of two-bed house or £34,250 for a three-bed Cowley.</p> <p>HelpUbuy <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a> - only available at Colliers Green - allows you to buy your new Bromford home for just 80% of its purchase price − around £98,000 for a two-bed home with a full market value of £122,500. You simply pay 5% deposit, which in this example is 5% of £122,500 or £6,125 − plus the monthly mortgage payments on what you borrow − and no interest on the other 20% for up to five years and no rent either.</p> <p>To find out more, give Bromford Homes a call now on <strong>0845 60 10878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online. You can also keep in touch by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/october/birmingham-coventry-part-buy/ http://www.bromfordhomes.co.uk/news/news/2013/october/birmingham-coventry-part-buy/ 14 October 2013 Colliers Green first gone <p>ASPIRING homeowners are starting to snap up our affordable houses at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>, just north of Coventry.</p> <p>We've now signed up the first two <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> reservations at Ransome Road, New Arley&nbsp;− and other would-be buyers are reminded to be quick if they want their pick of the remaining plots.</p> <p>Just 12 of these two and three-bed homes are being sold through our popular part-buy, part-rent scheme&nbsp;− also known as shared ownership&nbsp;− and another eight houses through our <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">equity loan</a> offer.</p> <p>Bromford Homes Head of Sales Alan Bradley describes the choice of TWO great ways to buy as a really rare opportunity for first-time buyers and other would-be home-owners who can't afford open market prices.</p> <p>"It's unusual for an affordable housing developer like Bromford to offer a choice of shared ownership AND equity loans on the same site," says Alan.</p> <p>"Both are really affordable options for would-be buyers who feel locked out of the property market and are probably renting from private landlords − part of what's now known as Generation Rent − or living at home with their folks.</p> <p>"The fact that we are marketing both options means we can sit down together with customers, discuss the various pros and cons and reach a decision on the best route for each buyer.</p> <p>"We're delighted that two local buyers have reserved shared ownership homes and expect more reservations very soon&nbsp;− as well as the first few sales through our great HelpUbuy equity loan offer.<br /> <br /> "So I would urge first-time buyers across Coventry and Warwickshire to be quick off the mark if they want their pick of the plots of plots here at Colliers Green (pictured below). I recommend you to give us a call on <strong>0845 60 10878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> online."</p> <p><img width="425" height="305" src="/media/376152/cowley-425x305.jpg" alt="The Cowley 425 x 305"/></p> <p><a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">HelpUbuy equity loan</a> allows you to buy your new Bromford home for just 80% of its purchase price − in the case of Colliers Green, around £98,000*** for a two-bed home with a full market value of £122,500. You simply pay 5% deposit which in this example is 5% of £98,000 − plus the monthly mortgage payments on what you borrow − and no interest on the other 20% for up to five years and no rent either.</p> <p>With <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, you buy between between 25% and 75% of your new Bromford home − the amount depends on what you can afford − and pay low rent on the remaining share. In the case of Colliers Green, it costs as little as £30,625* for a minimum 25% share of two-bed house or £34,250** for a three-bed Cowley.</p> <p>Crucially for most first-time buyers, the deposits in both cases are much cheaper than if you buy outright − as little as £1,532* for shared ownership and as low as £4,900*** for the equity loan scheme.<br /> <br /> * With shared ownership, £30,625 would buy a minimum 25% share of a two-bed house with a full market value of £122,500. A minimum deposit of £1,532 assumes a 95% mortgage on that minimum share.<br /> ** With shared ownership, £34,250 would buy a minimum 25% share of a three-bed Cowley house with a full market value of £137,000. A minimum deposit would be £1,713, assuming a 95% mortgage on that minimum share. A minimum 25% share of a three-bed Bourne home with a full market value of £149,500 is £37,375 and a minimum deposit − assuming a 95% deposit − is £1,869.<br /> *** With HelpUbuy equity loan, you could pay £98,000 for a two-bed home with a full market value of £122,500. A 5% deposit on the share you buy would be £4,900.</p> /news/news/2013/october/colliers-green-first-gone/ http://www.bromfordhomes.co.uk/news/news/2013/october/colliers-green-first-gone/ 08 October 2013 Daventry demo day <p>WOULD-BE buyers are invited to come along this weekend and get a feel for what it's like to live in one of our fabulous <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes at <a href="/{localLink:3040}" target="_blank" title="Middlemore Heights">Middlemore Heights</a>, Daventry.</p> <p>You can also find out how our great part buy, part rent deal makes it possible for you to move into a new house just like the two-bed demonstration home for as little as £32,488*.</p> <p>That means your deposit could be as little as £1,625* for a <a href="/{localLink:3676}" target="_blank" title="The Braunston">two-bed Braunston</a> (pictured below) − or £1,907** if you buy a minimum 25% share of a <a href="/{localLink:3650}" target="_blank" title="The Willoughby">three-bed home</a>. If they sound like affordable figures, then you should join us on Saturday for our friendly and informal open day, says Bromford Homes Head of Sales Alan Bradley.</p> <p>"For those of you who want to get on the property ladder in Daventry, there's no better way and no better place than Middlemore Heights," he tells first-time buyers and other people who can't afford to buy on the open market.</p> <p>"Come along, walk around our new demo home to see the layout and all the great features that come as standard. Then ask us how shared ownership can unlock the door to one of these super homes for the same or even less than it costs to rent privately.</p> <p>"We'll be here at Middlemore Heights from 11am until 4pm and really look forward to meeting anyone who wants to come along and find out how truly affordable it can be to get on the property ladder."</p> <p><img width="425" height="305" src="/media/358283/braunston-425x305.jpg" alt="Braunston"/><br /> <br /> The secret of shared ownership is that, instead of buying outright, you purchase between 25% and 75%of your home and pay low rent on the remaining share. The amount you buy depends on what you can afford, with 40% being typical.</p> <p>"We do everything we can to make sure that the shared ownership deal is truly affordable for buyers − whether they are buying a 25% share or anything up to the 75% maximum," says Alan. "At the end of the day, buyers get a traditionally-built, energy-efficient home built for ease of maintenance at a really affordable price."<br /> <br /> Our <a href="/{localLink:3040}" target="_blank" title="Middlemore Heights">Middlemore Heights</a> demo home is open from 11am to 4pm on Saturday, October 5. Call <strong>0845 60 10 878</strong> to find out more and <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a> if you want to keep in touch with what's going on.<br /> <br /> * £32,488 buys 25% of the full £129,950 asking price for a two-bed Braunston home and the minimum deposit of £1,625 assumes a 95% mortgage on the purchased share.<br /> ** A £1,907 deposit assumes a 95% mortgage on a minimum 25% share&nbsp;− costing £38,125&nbsp;− of a three-bed with a full £152,500 asking price.</p> /news/news/2013/october/daventry-demo-day/ http://www.bromfordhomes.co.uk/news/news/2013/october/daventry-demo-day/ 03 October 2013 Larks Rise showhome for sale <p>OUR stylish <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a> showhome could be yours&nbsp;− and make your home ownership dream come true&nbsp;− for a truly affordable price.</p> <p>We're asking as little as £36,875* if you buy through <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> plus a one-off additional payment of £4,500 that includes all the showhome carpets, curtains, light fittings and pictures that you can see in this <a href="http://www.youtube.com/watch?v=BgJ7f-C8-rY" target="_blank">slideshow</a>.</p> <p>It's the perfect purchase for first-time buyers who want to pick up their keys and move in with a flying start to furnishing their new Coventry home.</p> <p>Consider the fact that&nbsp;− like all new houses at Larks Rise&nbsp;− the showhome comes with a host of built-in features that would normally come as extras elsewhere and you've got a really unbeatable deal.<br /> <br /> So says Bromford Homes Head of Sales Alan Bradley&nbsp;− and his advice to first-time buyers is be quick or miss out. "This is a one-off opportunity for one really fortunate buyer to get on the property ladder with a ready-to-go home at a price they can afford," he says.</p> <p>"Our three-bed showhome has all the build quality and great features that come with every Bromford home plus a package of fitted carpets, curtains and pictures that would cost you much more to buy from the shops.</p> <p>"All you have to do is pick up your keys after the sale is completed, add your own furniture and other belongings and start an exciting new chapter of your life as a shared ownership buyer."</p> <p><img width="600" height="250" src="/media/354452/larks-rise-showhome-lounge-960x400_600x250.jpg" alt="Larks Rise showhome lounge"/><br /> <br /> The showhome (pictured above) is one of 39 two and three-bed part-buy, part rent houses on a development that has passed all the major sales milestones in a matter of months since its launch. This rapid take-up leaves just four houses for sale&nbsp;− as well as the showhome&nbsp;− at prices starting from £30,625**.</p> <p>These low prices are possible with shared ownership because, instead of having to buy outright, you buy between 25% and 75% of your new Bromford home and pay low rent on the remaining share. The share depends on your household income but a typical amount is around 40%.</p> <p>"That means your deposit is much lower than it would be with outright sale&nbsp;− as little as £1,844* for a minimum 25% share of our showhome," explains Alan. &nbsp;"And it's not just the initial outlay that's cheaper with part buy-part rent − the total monthly costs are typically lower too than if buying outright or renting from a private landlord. It's no wonder then that so many first-time buyers from Coventry − and the rest of central England − are saying yes to shared ownership."<br /> <br /> You can find out more about <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a> and <a href="/{localLink:1446}" title="Shared ownership">shared ownership</a> by calling us on <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> and keep in touch on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.<br /> <br /> * £36,875 would buy a minimum 25% share of a three-bed house with a full market value of £147,500. A minimum deposit of £1,844 assumes a 95% mortgage on that minimum share.<br /> ** £30,625 would buy a minimum 25% share of a two-bed house with a full market value of £122,500. A minimum deposit of £1,532 assumes a 95% mortgage on that minimum share.</p> /news/news/2013/october/larks-rise-showhome-for-sale/ http://www.bromfordhomes.co.uk/news/news/2013/october/larks-rise-showhome-for-sale/ 02 October 2013 SO Birmingham & BC <p>ENTHUSIASTIC first-time buyers are snapping up our <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes across Birmingham and the Black Country.</p> <p>They've said a big YES to part-buy, part-rent at <a href="/{localLink:2823}" target="_blank" title="The Beeches">The Beeches</a> (pictured below) in south Birmingham, where all but one of the 12 homes are now reserved, and at fast-selling <a href="/{localLink:3496}" target="_blank" title="Moat House Fields">Moat House Fields</a> in Marston Green there is just one three-bed home and two two-bed homes left to sell.</p> <p>It's a similar story in the nearby Black Country, with all four shared ownership homes reserved at <a href="/{localLink:3082}" target="_blank" title="St James Mews">St James Mews</a>, Dudley, and all four homes reserved at <a href="/{localLink:1623}" target="_blank" title="Bracken Gardens">Bracken Gardens</a>, Rugeley.</p> <p>Another 12 part-buy homes have been reserved at <a href="/{localLink:1611}" target="_blank" title="Regis Heights">Regis Heights</a>, Rowley Regis&nbsp;− leaving just one two-bed house on the market for as little as £30,000*&nbsp;− and we're also down to the last two-bed at <a href="/{localLink:3076}" target="_blank" title="Tansey Green">Tansy Green</a>, near Pensnett, with a selling price as low as £32,750**.</p> <p>Bromford Homes Head of Sales Alan Bradley describes it as a shared ownership sales bonanza that reflects the pent-up demand from first-time buyers and other people who can't afford to buy on the open market.</p> <p>"The numbers say it all&nbsp;− we're talking about a total of 65 part-buy reservations and sales across half a dozen developments in Birmingham and the Black Country and another 35 in <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Coventry</a>," says Alan.</p> <p><img width="600" height="250" src="/media/196960/beeches_home_big_slider_600x250.jpg" alt="Beeches be quick"/></p> <p>"Each sale represents a dream coming true for a first-time buyer&nbsp;− and very often we're talking about a singleton, couple or family that has been living at home with the folks or, in their own words, forced to live in private rented housing.<br /> &nbsp;<br /> "These are typically lower income-earners, people who would never be able to buy a home on the open market&nbsp;− and shared ownership has made all the difference to them and their lives by making it possible for them to get onto the property ladder at a price they can afford."<br /> &nbsp;<br /> Bromford Homes Sales and Marketing Director Bev Hall agrees, saying: "Open market house prices remain out of reach for many ordinary hard-working people, with most lenders expecting deposits that run into tens of thousands.</p> <p>"That's why so many first-time buyers have been saying yes to shared ownership over the last few years&nbsp;− and why we encourage more would-be homebuyers find out if they too can see their property dreams come true at a price they can truly afford."</p> <p>

How does <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> work? Instead of buying your new home outright, you buy between 25% and 75%&nbsp;− the amount depends on what you can afford&nbsp;− and pay low rent on the remaining share.<br /> &nbsp;<br /> A key plus for many young buyers is the much lower deposits that are typical with shared ownership&nbsp;− as little as £1,500* for a minimum 25% share of a two-bed house at Regis Heights or £1,638** at Tansy Green.<br /> &nbsp;<br /> * With shared ownership, £30,000 would buy a minimum 25% share of a two-bed Henderson house worth £120,000 on the open market. A £1,500 deposit assumes a 95% mortgage on that minimum share.<br /> ** With shared ownership, £32,750 would buy a minimum 25% share of a two-bed Pensnett house worth £131,000 on the open market. A £1,638 deposit assumes a 95% mortgage on that minimum share. &nbsp;&nbsp;</p> /news/news/2013/september/so-birmingham-bc/ http://www.bromfordhomes.co.uk/news/news/2013/september/so-birmingham-bc/ 27 September 2013 Colliers Green don't delay <p>BE QUICK or miss out on your pick of the plots&nbsp;− and TWO great ways to buy&nbsp;− at our affordable <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> development.</p> <p>That's the timely message to first-time buyers across Coventry and Warwickshire as builders push ahead with their work at New Arley, near Nuneaton, and nearer to their November deadline of finishing the first homes.</p> <p>We're selling just eight of these new two and three-bed houses through our <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">HelpUbuy equity loan</a> offer&nbsp;− and another 12 homes through our popular part-buy, part-rent scheme, also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>Bromford Homes Head of Sales describes the choice at Colliers Green as a really rare opportunity for first-time buyers and other would-be home-owners who can't afford open market prices.</p> <p>"It's unusual for an affordable housing developer like Bromford to offer a choice of shared ownership AND HelpUbuy equity loans on the same site," says Alan after Saturday's Colliers Green launch at a community centre <a href="/{localLink:3786}" target="_blank" title="Colliers Green open day">open day</a> at Gun Hill, New Arley.</p> <p>"Both are really affordable options for would-be buyers who feel locked out of the property market and are probably renting from private landlords&nbsp;− part of what's now known as Generation Rent&nbsp;− or living at home with their folks.</p> <p>"The fact that we are marketing both options means we can sit down together with customers, discuss the various pros and cons and reach a decision on the best route for each buyer.</p> <p><img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/><br /> <br /> "Our open day has certainly helped to excite interest among local first-time buyers and we expect to take our first reservations very soon. In fact, we hope Colliers Green (pictured above) will prove as popular as our <a href="/{localLink:3746}" target="_blank" title="Larks Rise last five">Larks Rise</a> development in Coventry, where nearly 40 buyers are seeing their home ownership dreams come true.</p> <p>"So I would urge first-time buyers across Coventry and Warwickshire to be quick off the mark if they want their pick of the plots of plots here at Colliers Green. I recommend you <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a> now or give us a call on <strong>0845 60 10878</strong>."</p> <p><a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">HelpUbuy equity loan</a> allows you to buy your new Bromford home for just 80% of its purchase price&nbsp;− in the case of Colliers Green, around £98,000*** for a two-bed home with a full market value of £122,500. You simply pay 5% deposit which in this example is 5% of £98,000&nbsp;− plus the monthly mortgage payments on what you borrow&nbsp;− and no interest on the other 20% for up to five years and no rent either.</p> <p>With <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, you buy between between 25% and 75% of your new Bromford home&nbsp;− the amount depends on what you can afford&nbsp;− and pay low rent on the remaining share. In the case of Colliers Green, it costs as little as £30,625* for a minimum 25% share of two-bed house or £34,250** for a three-bed Cowley.</p> <p>Crucially for most first-time buyers, the deposits in both cases are much cheaper than if you buy outright&nbsp;− as little as £1,532* for shared ownership and as low as £4,900*** for the equity loan scheme.</p> <p>* With shared ownership, £30,625 would buy a minimum 25% share of a two-bed house with a full market value of £122,500. A minimum deposit of £1,532 assumes a 95% mortgage on that minimum share.<br /> ** With shared ownership, £34,250 would buy a minimum 25% share of a three-bed Cowley house with a full market value of £137,000. A minimum deposit would be £1,713, assuming a 95% mortgage on that minimum share. A minimum 25% share of a three-bed Bourne home with a full market value of £149,500 is £37,375 and a minimum deposit − assuming a 95% deposit − is £1,869.<br /> *** With HelpUbuy equity loan, you could pay £98,000 for a two-bed home with a full market value of £122,500. A 5% deposit on the share you buy would be £4,900.</p> /news/news/2013/september/colliers-green-dont-delay/ http://www.bromfordhomes.co.uk/news/news/2013/september/colliers-green-dont-delay/ 24 September 2013 1st-time buyers 'still struggle' <p>GETTING onto the property ladder is still a struggle for many younger people&nbsp;− despite the better lending conditions that have led to a sudden rise in the number of first-time buyers.<br /> <br /> High property prices and big deposits&nbsp;− often running into tens of thousands of pounds&nbsp;− remain the biggest obstacles for many would-be buyers who can't rely on financial support from what's commonly known as the Bank of Mum &amp; Dad.</p> <p>So says Bev Hall, Sales and Marketing Director of Bromford Homes, in response to reports from the Council of Mortgage Lenders and others highlighting a huge increase in the number of first-time buyers this year.</p> <p>Bev welcomes the first-time buyer comeback and improved lending conditions but highlights the fact that, for many singletons, couples and young families, buying a first home on the open market remains unaffordable. Their best hope of getting onto the property ladder, she says, is the part-buy, part rent route&nbsp;− also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>"Now is arguably the best time since the economic crash for would-be homebuyers to stop renting or leave the family nest and take their first step onto the property ladder," Bev tells would-be homebuyers.</p> <p>"Interest rates remain at an all-time low, lenders are starting to relax a little&nbsp;− and, as a result, the number of first-time buyers is rising, as reported by the Council of Mortgage Lenders, the Halifax and several others.</p> <p>"On the other hand, open market house prices remain out of reach for many ordinary hard-working people, with most lenders expecting deposits that run into tens of thousands. That's why so many first-time buyers have been saying yes to shared ownership over the last few years&nbsp;− and why we encourage more would-be homebuyers find out if they too can see their property dreams come true at a price they can truly afford."<br /> <br /> How does it work? Instead of buying your new home outright, you buy between 25% and 75%&nbsp;− the amount depends on what you can afford&nbsp;− and pay low rent on the remaining share.</p> <p><img width="600" height="250" src="/media/391142/colliers-green-wide-view_600x250.jpg" alt="Colliers Green homes"/><br /> <br /> A key plus for many young buyers is the much lower deposits that are typical with shared ownership&nbsp;− as little as £1,532* for a minimum 25% share of a two-bed house costing £30,625* at our new Colliers Green development (pictured above) near Coventry. Total monthly housing costs are also typically <a href="/{localLink:3530}" target="_blank" title="Shared ownership vs renting">cheaper with shared ownership</a> than they are with outright sale and private renting.</p> <p>"We know from talking to first-time buyers that this part-buy, part rent formula makes all the difference to hard-working people stuck in 'Generation Rent'&nbsp;− especially those who can't rely on financial support from the Bank of Mum &amp; Dad," says Bev.</p> <p>"Shared ownership allows them to realise their dream and take that crucial first step onto the property ladder at a price that they can afford and enjoy living in a new Bromford home with all the mod cons. Customers tell us that they feel more secure than they do in rented housing and they love being able to make the home their own by decorating it the way they want.</p> <p><img width="600" height="250" src="/media/369669/larksrise-clare-matt-alt2-960x400_600x250.jpg" alt="LarksRise Matt&amp;Clare alt2"/></p> <p>"It really is a win-win deal&nbsp;− and you don't just have to take my word for it. Listen to what our customers have to say&nbsp;− first-time buyers like Matt and Clare (pictured above), who've bought just over 50% of their home at Larks Rise, Coventry, and are so happy with shared ownership that they agreed to feature in a <a href="/{localLink:1446}" target="_blank" title="Shared ownership">promotional video</a>.</p> <p>"Or <a href="/{localLink:3708}" target="_blank" title="Claraine SO case study">Claraine</a> (pictured below), another first-time buyer who had just about given up hope of getting onto the property ladder until she found out about part buy, part-rent. We've got many more examples like this&nbsp;− and I'm sure that we'll have many more as young buyers take advantage of the better lending conditions and the affordability of shared ownership."<br /> <br /> * With shared ownership, £30,625 would buy a minimum 25% share of a two-bed house with a full market value of £122,500. A minimum deposit of £1,532 assumes a 95% mortgage on that minimum share.</p> <p><img width="600" height="250" src="/media/369086/claraine-keys1_600x250.jpg" alt="Claraine keys1"/></p> <p>&nbsp;</p> /news/news/2013/september/1st-time-buyers-still-struggle/ http://www.bromfordhomes.co.uk/news/news/2013/september/1st-time-buyers-still-struggle/ 20 September 2013 Colliers Green open day <p>FIRST-TIME buyers and families who can't afford to buy on the open market are all invited to a special open day in north Warwickshire that promises to help them make their dreams of home ownership come true at <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a>.</p> <p>Bromford's usual warm welcome&nbsp;− and an insight into the secrets of how to get onto the property ladder at affordable prices&nbsp;− await at the Arley Community Centre off Gun Hill, New Arley, near Nuneaton, on Saturday (Sep 21).</p> <p>It's a free, friendly and informative chance for would-be buyers to find out our popular part-buy, part-rent deal&nbsp;− also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and the <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">HelpUbuy equity loan</a> scheme.</p> <p>Yes, we're offering would-be buyers TWO great ways of getting onto the property ladder at nearby Colliers Green. You can find out more when the community centre doors open at 11am &nbsp;on September 21 and Bromford Homes Head of Sales Alan Bradley urges aspiring homeowners to drop in at any time before 4pm .</p> <p>"Colliers Green will be a lovely development that offers buyers a total of 20 two and three-bedroom affordable homes&nbsp;− eight of them earmarked for equity loan&nbsp;− right here in the heart of New Arley, close to local schools and shops," says Alan.</p> <p>"It's ideal for local couples and young families from Coventry and Warwickshire who want to get on to the property ladder and maybe leave behind the uncertainties of living in a private rented home or living with their mum and dad.</p> <p>"Shared ownership and equity loan can both make the dream of home ownership a reality at a price that ordinary people can afford and, in the case of Colliers Green (pictured below), we are offering you a choice of both routes onto the property ladder."</p> <p><img width="425" height="305" src="/media/376152/cowley-425x305.jpg" alt="The Cowley 425 x 305"/><br /> <br /> <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">HelpUbuy equity loan</a> allows you to buy your new Bromford home for just 80% of its purchase price&nbsp;− in the case of Colliers Green, around £98,000*** for a two-bed home with a full market value of £122,500. You simply pay 5% deposit which in this example is 5% of £98,000&nbsp;− plus the monthly mortgage payments on what you borrow&nbsp;− with no interest on the other 20% for up to five years and no rent either.</p> <p>With <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, you buy between between 25% and 75% of your new Bromford home&nbsp;− the amount depends on what you can afford&nbsp;− and pay low rent on the remaining share. In the case of Colliers Green, it costs as little as £30,625* for a minimum 25% share of two-bed house or £34,250** for a three-bed Cowley.</p> <p>"Crucially for most first-time buyers, the deposits in both cases are much cheaper than if you buy outright&nbsp;− as little as £1,532* for shared ownership and around £4,900*** for the equity loan scheme," Alan tells would-be buyers.</p> <p>"Which route you choose will depend on your circumstances and your own personal choice so we encourage you to come along on Saturday, find out more and talk through your options. We're expecting the first few homes to be finished this autumn so you could be living in your own home much sooner&nbsp;− and for much less&nbsp;− than you thought."</p> <p>You can find out more about the <a href="/{localLink:2829}" target="_blank" title="Colliers Green">Colliers Green</a> open day, <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:3783}" target="_blank" title="HelpUbuy equity loan">HelpUbuy equity loans</a> by calling us on <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>Follow this <a href="http://www.arleycommunitycentre.co.uk/arley-community-centre/directions" target="_blank">link for directions</a> or put CV7 8HA into your satnav.</p> <p>* With shared ownership, £30,625 would buy a minimum 25% share of a two-bed house with a full market value of £122,500. A minimum deposit of £1,532 assumes a 95% mortgage on that minimum share.<br /> ** With shared ownership, £34,250 would buy a minimum 25% share of a three-bed Cowley house with a full market value of £137,000. A minimum deposit would be £1,713, assuming a 95% mortgage on that minimum share. A minimum 25% share of a three-bed Bourne home with a full market value of £149,500 is £37,375 and a minimum deposit − assuming a 95% deposit − is £1,869.<br /> *** With HelpUbuy equity loan, you could pay £98,000 for a two-bed home with a full market value of £122,500. A 5% deposit on the share you buy would be £4,900.</p> /news/news/2013/september/colliers-green-open-day/ http://www.bromfordhomes.co.uk/news/news/2013/september/colliers-green-open-day/ 17 September 2013 Fortuna final five <p>FIRST-TIME buyers keep saying YES to <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and are snapping up the last few homes at our successful <a href="/{localLink:1812}" target="_blank" title="Fortuna">Fortuna</a> development in Cirencester.</p> <p>A final flurry of reservations and sales means that 94 of the 99 part-buy, part-rent homes are now claimed by buyers&nbsp;− leaving just four <a href="/{localLink:1829}" target="_blank" title="Quiritus House">apartments</a> and the three-bed showhome up for grabs for as little as £31,250* and a deposit that could be just £1,563*.</p> <p>Completions are also heading towards a major milestone, with 87 buyers having seen their home ownership dream come true by moving into their new Bromford homes.</p> <p>It's a fast-selling final chapter to one of our biggest shared ownership success stories and Bromford Homes Head of Sales Alan Bradley urges other would-be buyers in the Capital of the Cotswolds to be quick or miss out.</p> <p>"Fortuna is one of our biggest shared ownership developments, with several phases over the last few years, and we're now very close to selling the last of 99 houses and apartments," says Alan.<br /> &nbsp;<br /> "Cirencester is like many places these days&nbsp;− house prices are high and average wages relatively low. That means many hard-working first-time buyers and other people are priced out of the market unless they can borrow a really big deposit from what's commonly known as the Bank of Mum and Dad.</p> <p>"Our part-buy, part rent deal really does make all the difference and the fact that almost 100 buyers have said such an emphatic yes to shared ownership here at Fortuna (pictured below) proves it."</p> <p><img width="600" height="250" src="/media/372702/fortuna-exteriors-1_600x250.jpg" alt="Fortuna exteriors 1"/><br /> &nbsp;<br /> How does it work? Instead of buying your home outright, you purchase between 25% and 75%&nbsp;− the amount depends on how much you earn&nbsp;− and pay low rent on the remaining share. So, a minimum 25% share of a one-bed apartment with a full market value of £125,000 costs £31,250 and the same share of a two-bed apartment would be £37,500. We've got two of each type left plus the three-bed showhome&nbsp;− you can buy a minimum 25% share of that for £58,750 and this includes the carpets, curtains and furniture at no extra cost.</p> <p>"Deposits are much cheaper than if you buy outright&nbsp;− as little as £1,875** for a two-bed apartment&nbsp;− and so are the total monthly costs," says Alan. It's cheaper too in most cases than renting from a private landlord."</p> <p>Fortuna Sales Consultant Kirsty Darby echoes Alan's message to local first-time buyers and other people who can't afford to buy on the open market.</p> <p>"Be quick or you'll probably miss out on these lovely new apartments," she says. "They're ideal for couples or singletons who want to leave the family nest or private rented housing and take the first step on to the property ladder in this really sought-after part of the Cotswolds. And if you reserve one of these final few apartments by Friday (Sep 13) you can take your pick from one of two great incentives&nbsp;− £1,500 towards your deposit OR free fitted carpets AND a fridge-freezer."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our <a href="/{localLink:1812}" target="_blank" title="Fortuna">Fortuna</a> apartments, call us on <strong>01285 640837</strong>. You call also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> and follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* £31,250 represents a minimum 25% share of a one-bed apartment with a market value of £125,000. The deposit, based on a customer borrowing 95%, would be £1,563. ** £37,500 represents a minimum 25% share of a two-bed apartment with a market value of £125,000 and the deposit, based on a customer borrowing 95%, would be £1,875. A typical 40% share of a two-bed apartment with a market value of £122,500 would be £60,000&nbsp; and the deposit, based on a customer borrowing 95%, would be £3,000.</p> /news/news/2013/september/fortuna-final-five/ http://www.bromfordhomes.co.uk/news/news/2013/september/fortuna-final-five/ 11 September 2013 Daventry open day <p>DAVENTRY'S first-time buyers are invited to join us and find out how they can make their dreams of home ownership come true at <a href="/{localLink:3040}" target="_blank" title="Middlemore Heights">Middlemore Heights</a> for as little as £32,488*.</p> <p>The key to unlocking those dreams is our popular part-buy, part-rent deal&nbsp;− also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and we're organising a special open day to help explain what it is and how it works.</p> <p>The doors open at The Daventry Court Hotel, Sedgemoor Way, Daventry, on Saturday (September 14) for a free and friendly session where would-be buyers can put their questions to our sales consultant and an independent financial advisor.</p> <p>Bromford Homes Head of Sales Alan Bradley urges aspiring homeowners to come along between 11am and 4pm&nbsp;− the postcode for your satnav is NN11 0SG&nbsp;− and find out more about what he describes as "one of the property world's best-kept secrets".</p> <p>"Daventry and the surrounding area is like many places these days. Property prices are often fairly high and incomes relatively low for ordinary working people, who often end up as part of what's now commonly known as Generation Rent&nbsp;− renting from private landlords," says Alan.
&nbsp;
"We know that younger people still aspire to own their own home and find it hard or impossible on the open market. Well, the good news is that shared ownership can make your home-owning dream come true and at prices that you can afford."</p> <p>How does it work? Instead of buying outright, you buy between 25% and 75% of your new Bromford home and pay low rent on the remaining share.<br /> &nbsp;<br /> "So, instead of paying the full market value, you could buy a minimum 25% share of a <a href="/{localLink:3676}" target="_blank" title="The Braunston">two-bed</a> shared ownership home at Middlemore Heights for as little as £32,488 and pay a deposit that could be as low as £1,625*," explains Alan.<br /> &nbsp;<br /> "How much you actually buy depends on what you can afford&nbsp;− the average is about 40%, which is still much, much more affordable than buying on the open market. Aspiring buyers might also be surprised to find out that the total monthly costs with shared ownership are typically lower than if buying outright or renting from a private landlord.</p> <p>"It's no wonder then that so many first-time buyers in other parts of Northamptonshire have already said a big YES to shared ownership&nbsp;− and it might surprise you to find out that you can have a combined household income of up to £60,000 and still qualify for part-buy. It's a truly affordable solution for people who can't afford to buy on the open market."</p> <p><img width="425" height="305" src="/media/358283/braunston-425x305.jpg" alt="Braunston"/><br /> &nbsp;<br /> Building work will soon finish on the first few two-bed homes (pictured above) off Hidcote Way on the northern edge of Daventry&nbsp;− so there's no better time than now, says Alan, to find out how the part-buy deal works and put down your £500 deposit. <a href="/{localLink:3650}" title="The Willoughby">Three-bed</a> houses are also being built for January completion, with prices starting from as little as £38,125**.</p> <p>Middlemore Heights is a great location for commuters and young families, with a wide choice of local primary schools, shops and local leisure facilities. It's two miles from Daventry town centre and within easy driving distance of Rugby, Northampton or Leamington Spa. Long Buckby railway station is less than five miles away and from there you can get to Birmingham New Street in less than 50 minutes.</p> <p>All homes come with a fully-fitted kitchen, oven, hob and extractor, downstairs cloakroom, fitted wardrobe to master bedroom, full gas-fired central heating, double glazing and high-performance insulation throughout. Allocated parking, turfed rear gardens and 10-year NHBC New Home warranty are also included.</p> <p>To find out more about <a href="/{localLink:3040}" target="_blank" title="Middlemore Heights">Middlemore Heights</a>, <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our open day, call <strong>0845 60 10 878</strong> and talk to one of our experts. You can also <a href="/{localLink:2788}" target="_top" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.<br /> &nbsp;<br /> * £32,488 would buy a minimum 25% share of a two-bed house with a full market value of £129,950. A deposit of £1,625 assumes a 95% mortgage on that minimum share. **£38,125 would buy a minimum 25% share of a three-bed house with a full market value of £152,000. A minimum deposit would be £1,907, assuming a 95% mortgage on that minimum share.</p> /news/news/2013/september/daventry-open-day/ http://www.bromfordhomes.co.uk/news/news/2013/september/daventry-open-day/ 09 September 2013 Brookfields Pride <p>EIGHT top-quality starter homes are rapidly taking shape at <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a>, Shrewsbury&nbsp;− and one of them could be yours for as little as £33,750*.</p> <p>That's enough to buy a minimum 25% share of a new two-bed Bromford home through our popular part-buy, part-rent deal&nbsp;− also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>. And you could by moving in at Bagley Drive just after Christmas as our in-house construction team, led by award-winning site manager Pete Hamon, pushes to complete the first homes by January.</p> <p>Like all Bromford homes, these eye-catching houses are being built to the highest quality and come with many features that would normally cost you extra elsewhere.<br /> &nbsp;<br /> But Brookfields has an extra reason for you to be pleased and proud as a buyer. It's Pete's four-year track record of success in the National House Building Council (NHBC) Pride in Job competititions, including a <a href="/{localLink:3690}" target="_blank" title="Pete Hamon/Penny Meadow Pride win">Quality Award</a> in June for managing our successful Penny Meadow development in Kidderminster.</p> <p>It's the fourth year in a row that Pete has picked up some kind of Pride in the Job honour while working for our in-house construction team, <a href="/{localLink:1518}" title="In-house construction">Bromford Developments</a> Ltd (BDL). Now, with the Kidderminster development all but finished, Pete is bringing the same level of care, professionalism and attention to detail to bear at Brookfields (pictured below), on the northern side of this historic Shropshire market town.</p> <p><img width="600" height="250" src="/media/357695/brookfields-960x400_600x250.jpg" alt="Brookfields wideview"/><br /> &nbsp;<br /> Bromford Homes Head of Sales Alan Bradley says: "The NHBC Pride in Job Quality Award means buyers have an extra guarantee assuring them about the quality of their homes. Pete's done an excellent job at Kidderminster&nbsp;− and we're delighted that he's bringing the same special X-factor to managing the site here at Shrewsbury."</p> <p>The first completions at Brookfields are scheduled for the end of January and Alan urges local first-time buyers to act quickly if they want to reserve a particular plot for just £500.<br /> &nbsp;<br /> "That £500 could be one of the best investment you'll ever make if you're someone who wants to get on the property ladder in Shrewsbury&nbsp;− and make your dream of home ownership come true," says Alan.</p> <p>"Shrewsbury is like many place these days&nbsp;− property prices are relatively high and typical earnings are relatively low. That means many first-time buyers and other people who can't afford to buy on the open market believe that home ownership is now out of their reach&nbsp;− and, in many cases, feel they're trapped in private rented housing."</p> <p>Shared ownership transforms that gloomy prospect by enabling buyers to purchase between 25% and 75% of their new Bromford home instead of buying outright and to pay low rent on the remaining share. "It really is as simple as that," says Alan.</p> <p>"Shared ownership offers a truly affordable solution for people who couldn't otherwise afford to get on the property ladder. In the case of Brookfields, you can buy a minimum 25% share of a new home for as little as £33,750* and your deposit could be as low as £1,688*. And it's not just the initial costs that are lower&nbsp;− we've got lots of evidence to prove that it probably won't cost more each month than renting from a private landlord.</p> <p>"At the end of the day, buyers at Brookfields will get a traditionally-built, energy-efficient home that's designed for ease of maintenance at a really affordable price. What's more, our price includes a lot of features that buyers might have to pay for as extras elsewhere. Things like turfed front and back gardens, full screen fencing, and quality kitchens."</p> <p><img width="600" height="250" src="/media/364414/pete-hamon-pm-960x400_600x250.jpg" alt="Pete Hamon PM"/></p> <p>Site manager Pete (above) is keen to maintain the same award-winning standards at Brookfields and complete the first home. "It means a lot to be marked out as a top performer by a highly-regarded body like the NHBC in a sector where high standards of work matter so much," he says.</p> <p>"I'm delighted with what we've achieved at Kidderminster&nbsp;− top-quality houses that we're really proud of and that buyers can be proud of too&nbsp;− and I promise to bring the same level of care, professionalism and attention to detail to our site in Shrewsbury."</p> <p>The contemporary-looking brick homes are taking shape shape in an established residential area with fields and woodland leading down to Bagley Brook. It's a family-friendly spot, with a good choice of local primary schools and some local shops within a short walking distance. The A49 and A45 are only a few minutes drive away, Shrewsbury railway station is just over a mile and the town centre roughly two miles.</p> <p>To find out more about <a href="/{localLink:3186}" target="_blank" title="Brookfields">Brookfields</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">part-buy</a>, call <strong>0845 60 10 878</strong>. You can also keep in touch by <a href="/{localLink:2788}" target="_blank" title="Register for updates">registering for updates</a> or by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* This example is based on a property price of £135,000. A 25% share would cost £33,750 and a 5% deposit on that would be £1,688.</p> /news/news/2013/september/brookfields-pride/ http://www.bromfordhomes.co.uk/news/news/2013/september/brookfields-pride/ 06 September 2013 SMV demo home opening <p>WE'RE rolling out the welcome mat for buyers at <a href="/{localLink:1742}" target="_blank" title="St Mark's View">St Mark's View</a>, Cheltenham, this weekend with the opening of our new Emerson demonstration home.</p> <p>We've got just three of these stylish four-bed executive homes left for sale and the demo home is an ideal way to get a real feel for what it would be like to live in one of them. The layout is different to the existing Chesterton showhome facing Tennyson Road and that's why we decided to carpet &nbsp;the <a href="/{localLink:2965}" target="_blank" title="The Emerson">Emerson</a> home at Plot 16 (pictured below) as soon as it was finished and open the doors to buyers.</p> <p>With prices starting from £285,995, these spacious family homes all come with a family-friendly layout, lots of features that would be charged as extras&nbsp;− and, in case of one plot, great views of the distant Chiltern hills.</p> <p>Bromford Homes Sales and Marketing Director describes them as great buy for anyone who wants to move up to this fast-selling and family-friendly development a short walk from Cheltenham Spa rail station and the town centre.</p> <p><img width="600" height="250" src="/media/385160/smv-plot16-screenshot_600x250.jpg" alt="SMV plot16 screenshot"/><br /> &nbsp;<br /> "You definitely get more, much more, for your money with a Bromford home&nbsp;− and that's especially true of our Emerson houses," she says, "and now's the time to reserve a plot if you don't want to miss out on a truly great opportunity."</p> <p>Her timely advice to Cheltenham homebuyers comes as Bromford's in-house construction team heads for a January completion on the last outright sale home at St Mark's View. Their outstanding build quality has been a key factor in persuading homebuyers to snap up 18 of the 21 high-quality houses being built for outright sale.</p> <p>"Inside, these four-bed Emerson homes have everything you would expect with a four-bed family home&nbsp;− and more. They've got the space, a great people-friendly design and a great specification&nbsp;− with many extras fitted as standard that would normally come as extras elsewhere," says Bev.</p> <p>"Our new demo home allows you to get a feel for what it would be like to relax, unwind and maybe entertain family friends in one of the Emersons. Come see for yourselves and I'm sure you'll agree. You really can't buy better than a Bromford home at St Mark's View."</p> <p>The St Mark's View sales suite and showhome are open from Friday to Monday between 10am and 5pm. To find out more about <a href="/{localLink:1742}" target="_blank" title="St Mark's View">St Mark's View</a> call Angela on <strong>01242 510488</strong>. Homebuyers can also keep in touch by <a href="/{localLink:2788}" target="_blank" title="Register for updates">registering for updates</a> and by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and on <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/september/smv-demo-home-opening/ http://www.bromfordhomes.co.uk/news/news/2013/september/smv-demo-home-opening/ 02 September 2013 Shared ownership video launch <p>FIRST-TIME buyers Matt McIntyre and Clare McLaughlin reveal how <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> made their home ownership dream come true in our latest Bromford Homes <a href="/{localLink:1446}" target="_blank" title="Shared ownership">video</a>.</p> <p>The couple explain everything from why they wanted to take their first step on to the property ladder to how the part-buy, part-rent route made it possible for them to purchase just over 50% of their two-bed house at <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a>, Coventry.<br /> <br /> They explain the basics of how shared ownership works, how you can increase your share&nbsp;− known as "staircasing"&nbsp;− at a later date... and lots more, all in little more than three minutes.</p> <p>It's an easy way for other first-time buyers to find out about what Bromford Homes Sales and Marketing Director Bev Hall describes as "one of the best-kept secrets in the property world".</p> <p>"Shared ownership is essentially a simple concept&nbsp;− you buy between 25% and 75% or your new Bromford home and pay low rent on the remaining share," says Bev.</p> <p>"But explaining it&nbsp;− and some of the details&nbsp;− is not always that straightforward. That's why we commissioned this great new video from our colleagues in the Bromford communications team so that other potential first-time buyers like Matt and Clare (pictured below) can understand how it works and how it can make their dreams come true as well.</p> <p><img width="475" height="198" src="/media/369669/larksrise-clare-matt-alt2-960x400_475x198.jpg" alt="LarksRise Matt&amp;Clare alt2"/><br /> <br /> "Matt and Clare have done a brilliant job and it's all very natural and authentic. We sat down with them in the living room of their Larks Rise home, asked them about a dozen questions over the course of an hour and filmed their responses.</p> <p>"Handing over the keys to a new Bromford home and seeing a hard-working couple like Matt and Clare settle in and start enjoying this exciting new chapter in their lives is one of the most rewarding parts of our job&nbsp;− and I think this comes over in the movie."</p> <p>Matt and Clare, a 31-year-old care assistant, were happy to help with the filming a few months after "leaving the family nests" and making the big move.</p> <p>"We wanted to set up home together and to buy our own house rather than rent. Like a lot of people, I think paying rent is dead money," says 28-year-old Matt, a double glazier and locksmith.</p> <p>"We looked at buying on the open market but couldn't get a big enough mortgage even though we both work full time because at the time Clare was an agency worker. Then someone suggested shared ownership&nbsp;− and we ended up buying just over 50% of a new home here at Larks Rise.</p> <p>"We're really pleased to get this first step on to the property ladder and hope to increase the share we own at a later date. Shared ownership really does make owning your own home affordable if you find you can't buy on the open market. We would certainly recommend it&nbsp;− and Bromford Homes&nbsp;− to other first-time buyers."</p> <p><img width="477" height="199" src="/media/354452/larks-rise-showhome-lounge-960x400_477x199.jpg" alt="Larks Rise showhome lounge"/><br /> <br /> First-time buyers have just a few more more chances to get on the property ladder at our fast-selling Larks Rise development in Coventry. We've sold most of the 39 houses in four months, leaving just one two-bed home for as little as £30,625* and four three-bed houses, including our stylish showhome.</p> <p>You can buy a three-bed home for as little as £36,875** through part-buy and a deposit that could be as low as £1,844. The showhome could be yours&nbsp;− including carpets, curtains, light fittings and pictures&nbsp;− for an additional payment of £4,500. You can find out more about shared ownership and any of the Bromford Homes developments by calling us on <strong>0845 60 10 87</strong>8.</p> <p>* £30,625 would buy a minimum 25% share of a two-bed house with a full market value of £122,500. A minimum deposit of £1,532 assumes a 95% mortgage on that minimum share. £36,875 would buy a minimum 25% share of a three-bed house with a full market value of £147,500. A minimum deposit of £1,844 assumes a 95% mortgage on that minimum share.</p> /news/news/2013/august/shared-ownership-video-launch/ http://www.bromfordhomes.co.uk/news/news/2013/august/shared-ownership-video-launch/ 29 August 2013 Game-on for Fortuna solo pads <p>LIVING at home or in a rented room in or around Cirencester? Fancy a pad of your own but worried that, even though you're working full time, you can't afford to take that first step onto the property ladder?</p> <p>Then think again, says Bromford Homes Sales and Marketing Director Bev Hall, in an upbeat message to potential first-time buyers who can't save enough for a deposit on the open market or earn enough to qualify for an outright sale mortgage.</p> <p>Yes, it's "game-on" for singletons who want their own <a href="/{localLink:1812}" target="_blank" title="Fortuna">Fortuna</a> apartment close to the heart of Cirencester&nbsp;− a place they can call their own and do everything from entertain friends with a home-cooked meal to late-night sessions on the PlayStation.</p> <p><img width="600" height="250" src="/media/378016/joint-buyers-gaming_600x250.jpg" alt="Joint buyers gaming"/></p> <p>The secret is our popular part-buy deal&nbsp;− also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− where you purchase between 25% and 75% of your home and pay low rent on the remaining share. Prices start from around £31,250* for a one-bed apartment at Fortuna in Cirencester and your deposit could be as low as around £1,563*.</p> <p>"Prices like this highlight why part-buy is such a success here in the Capital of the Cotswolds. It's helped more than 90 singletons, couples and families to get on the property ladder&nbsp;− and at prices they can truly afford," says Bev.</p> <p>"Now we want to make sure that this message has reached other young buyers who work full-time but believe that buying their own home is beyond their reach in a relatively pricy place like the Capital of the Cotswolds.</p> <p>"If you fancy a pad of your own&nbsp;− or possibly want to buddy up with a friend&nbsp;− buying through Help to Buy share ownership could be a truly affordable alternative to living at home with your parents or renting from a private landlord.</p> <p>"In a nutshell, shared ownership can make the dream come true for young people and other aspiring home-owners who are simply priced out of the open market. As long as you don't already have a mortgage and your combined household income isn't more than £60,000 a year, you could qualify."</p> <p><img width="600" height="250" src="/media/378021/joint-buyers-eat-pizza-960x400_600x250.jpg" alt="Joint buyers eat pizza"/><br /> &nbsp;<br /> The part-buy deal means you can get a two-bed apartment at Fortuna's <a href="/{localLink:1829}" target="_blank" title="Quiritus House">Quiritus House</a> for as little as £37,500** at Fortuna and your deposit could be as little as £1,875**. That's enough to buy a minimum 25% share while a more typical 40% share would cost £60,000** and the deposit as little as £3,000**.</p> <p>Compare those figures with the average deposit of £32,209 quoted by the National Housing Federation*** for first-time buyers in the South West, says Bev, and the fact that typical monthly costs for part-buy are cheaper than private renting.<br /> &nbsp;<br /> "It all adds up to a really affordable how of getting a home of your own&nbsp;− and yet we're constantly amazed by how many young buyers don't know about shared ownership or how it works," says Bev. "We hope more young people will say 'yes' to shared ownership&nbsp;and enjoy the freedom of owning their own home&nbsp;− whether they want to kick back and relax, entertain their mates with a takeaway or try their hand at cooking in one of our well-appointed kitchens."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and our <a href="/{localLink:1812}" target="_blank" title="Fortuna">Fortuna</a> apartments, call us on <strong>01285 640837</strong>. You call also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> and follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* £31,250 represents a minimum 25% share of a one-bed apartment with a market value of £125,000. The deposit, based on a customer borrowing 95%, would be £1,563.<br /> ** £37,500 represents a minimum 25% share of a two-bed apartment with a market value of £125,000 and the deposit, based on a customer borrowing 95%, would be £1,563. A typical 40% share of a two-bed apartment with a market value of £122,500 would be £60,000&nbsp; and the deposit, based on a customer borrowing 95%, would be £3,000.<br /> *** Figures quoted by the National Housing Federation during Shared Ownership Week 2013.</p> /news/news/2013/august/game-on-for-fortuna-solo-pads/ http://www.bromfordhomes.co.uk/news/news/2013/august/game-on-for-fortuna-solo-pads/ 23 August 2013 Shropshire part-buy sales bonanza <p>THE DREAM of home ownership is coming true for as little as £33,750 as first-time buyers say a big YES to part-buy in Telford and Shrewsbury.</p> <p>They've snapped up all but one of the eight <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes at <a href="/{localLink:2868}" target="_blank" title="The Willows">The Willows</a>, Telford, leaving just one three-bed house which we're selling for as little as £38,750*, with a deposit that could be as low as £1,938.</p> <p>And we've already agreed our first reservation at the newly-launched Brookfields development in Shrewsbury, leaving just seven more two-bed homes that are rapidly taking shape under the direction of our <a href="/{localLink:3690}" target="_blank" title="Pete Hamon/Penny Meadow Pride win">award-winning</a> site manager, Pete Hamon.</p> <p>Bromford Homes Head of Sales Alan Bradley predicts it won't be long before that last Telford home is snapped up&nbsp;− and he's confident that young buyers in Shrewsbury will be equally quick to buy the remaining homes at Brookfields, where prices can be as little as £33,750**.</p> <p>"Prices like these make all the difference for aspiring home-owners in places like Shrewsbury and Telford, where property prices are often fairly high and incomes relatively low for ordinary working people," says Alan.</p> <p>"We know that many people still aspire to own their own home − and shared ownership can make that dream come true at prices that people can afford. That includes a growing number of people who, before the credit crunch, would probably have been able to buy a first home the traditional way. People who can have a combined household income of up to £60,000 and still qualify for part buy-part rent.</p> <p>With shared ownership, they buy between 25% and 75% of a new Bromford home rather than buy outright − the exact amount depends on their income − and pay low rent on the remaining share.<br /> &nbsp;<br /> It's a real win-win for first-time buyers, according to Alan. "The initial outlay is much lower − with deposits as low as £1,688** for an example like Brookfields rather than the tens of thousands that lenders typically require for outright sale. And the total monthly costs are typically lower too than if buying outright or renting from a private landlord," says Alan.</p> <p>"It's no wonder then that so many first-time buyers from Telford and Shrewsbury − and the rest of central England − are saying a big YES to shared ownership."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and opportunities to buy in your area, call <strong>0845 60 10 878</strong> and talk to one of our experts. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* £38,750 would buy a minimum 25% share of a three-bed house with a full market value of £155,000. A deposit of £1,938 assumes a 95% mortgage on that minimum share.<br /> ** £33,750 would buy a minimum 25% share of a two-bed house with a full market value of £135,000. A deposit of £1,688 assumes a 95% mortgage on that minimum share.</p> /news/news/2013/august/shropshire-part-buy-sales-bonanza/ http://www.bromfordhomes.co.uk/news/news/2013/august/shropshire-part-buy-sales-bonanza/ 21 August 2013 Penny Meadow open day success <p>THE CLOCK is ticking for home-owners who've fallen in love with one of our few remaining executive homes at <a href="/{localLink:1736}" target="_blank" title="Penny Meadow">Penny Meadow</a>, Kidderminster, following our successful weekend open day.</p> <p>Saturday saw us roll out the welcome mat for the first time at our new four-bed Sundew demonstration home&nbsp;− and it made such a positive impression that one buyer has already decided to reserve it.</p> <p>That leaves just three opportunities for discerning buyers to snap up a sought-after Bewdley Hill address as well as the extra guarantee of quality that comes with the recent <a href="/{localLink:3690}" target="_blank" title="Pete Hamon/Penny Meadow Pride win">Pride in Job</a> award handed out to our award-winning site manager.</p> <p>The great news for those with existing homes to sell is that we're willing to consider part-exchange on our £245,500 four-bed <a href="/{localLink:3347}" target="_blank" title="Penny Meadow showhome">Ballardia showhome</a> and the four-bed <a href="/{localLink:3005}" target="_blank" title="The Comfrey">Comfrey</a> house&nbsp;− priced at £240,500&nbsp;− that's being built alongside it. Fitted carpets are included with the Comfrey and our final remaining four-bed <a href="/{localLink:3002}" target="_blank" title="The Larkspur">Larkspur</a> house, priced at £234,995&nbsp;− and, in the case of the Ballardia showhome (pictured below), curtains, light fittings and soft furnishings are all part of the £245,500 asking price.</p> <p><img width="473" height="217" src="/media/325010/penny-meadow-02-960x440_473x217.jpg" alt="PM showhome lounge"/></p> <p>Bromford Homes Sales Consultant Rachel was delighted to see so many new faces at the weekend&nbsp;− and to get such a positive reaction from first-time visitors. "All the remaining houses are ideal for existing homeowners who want to move up to this leafy suburb on the edge of Kidderminster. It's one of the most sought-after addresses in town and you really won't find a better build quality or better value for money," says Rachel.</p> <p>"Put that all together and you'll understand why so many buyers have fallen in love with Penny Meadow&nbsp;− and why we've got just three homes left. Our award-winning site manager, Pete Hamon, and his team have nearly finished and that means the clock is now ticking for anyone else who wants to make their home here.</p> <p>"That's why we're willing to consider part-exchange on plots 3 and 4 because it's a quick, hassle-free way to unlock the home of your dreams here at Penny Meadow. If we accept, we'll agree a fair price for your existing home in time to complete on or before our deadline day of September 30&nbsp;− and all without all the usual worry about broken chains and need for estate agency fees."</p> <p>The part-exchange deal works like this: We arrange two independent valuations of your existing home and make an offer based on their findings. If you agree to our offer and surveys prove satisfactory, we become your buyer and you are free to buy your new Bromford home. It's as simple as that.</p> <p><img width="470" height="196" src="/media/364414/pete-hamon-pm-960x400_470x196.jpg" alt="Pete Hamon PM"/></p> <p>Site manager Pete (pictured above) and his team worked hard to preserve the site's leafy suburban feel by retaining some of the mature trees facing Bewdley Hill and are due to complete the last of 13 new three and four-bed executive homes by the end of August. They stand alongside an existing family home&nbsp;− now sold to a delighted buyer after refurbishment.
&nbsp;
Sales quickly passed the "75% sold" milestone after the opening of the showhome facing Bewdley Hill and Rachel urges other would-be buyers to visit the showhome and new demo home as soon as possible.</p> <p>"We decided to open the Sundew as a demonstration home after putting the showhome up for sale so that buyers could get a real feel for one of the other internal layouts," says Rachel. "These high-quality homes at Penny Meadow definitely appeal to people who appreciate quality and the leafy, family-friendly feel of this area around the crest of Bewdley Hill.</p> <p>"All our homes offer exceptional value for money, with a host of built-in features that would normally come as extras elsewhere, and the build quality is second to none. Pete's award proves that and gives buyers an additional guarantee of the very best build quality. Add the possibility of part-exchange and it won't be long before the last few homes are sold."</p> <p>To find out more about <a href="/{localLink:1736}" target="_blank" title="Penny Meadow">Penny Meadow</a> call Rachel on <strong>01562 745380</strong> or <strong>0845 60 10 878</strong>. Homebuyers can also keep in touch by <a href="/{localLink:2788}" target="_blank" title="Register for updates">registering for updates</a> and by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/august/penny-meadow-open-day-success/ http://www.bromfordhomes.co.uk/news/news/2013/august/penny-meadow-open-day-success/ 20 August 2013 New routefinder feature <p>FINDING our great new Bromford homes has never been easier&nbsp;− thanks to a new customer-friendly feature we've introduced on this website.<br /> <br /> Click on any development such as <a href="/{localLink:1742}" target="_blank" title="St Mark's View">St Mark's View</a> under the <a href="/{localLink:1182}" target="_blank" title="Find a home">Find a home</a> section and you'll now see a handy route-finder option under the <a href="/{localLink:1741}" target="_blank" title="Map and Directions">Maps and Directions</a> tab.</p> <p>Fill in your current location, click Go and you'll get step-by-step driving instructions taking you to the Bromford Homes development of your choice.</p> <p>The google-powered route finder replaces a static set of driving instructions&nbsp;− usually from the nearest major road junction or nearest big town or city.</p> <p>It's just another update since last year's website relaunch and&nbsp;− like all the other improvements we've made&nbsp;− designed to make things better for customers, according to Bromford Homes Sales and Marketing Director Bev Hall.</p> <p>"We hope that homebuyers will now find it that much easier to find our developments and to get there from home or wherever they may be," she says. "This is particularly helpful at the developments such as <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a> in Coventry and <a href="/{localLink:1812}" target="_blank" title="Fortuna">Fortuna</a> in Cirencester where we have showhomes.</p> <p><img width="600" height="250" src="/media/372702/fortuna-exteriors-1_600x250.jpg" alt="Fortuna exteriors 1"/><br /> <br /> "Our customers are at the centre of everything we do and sometimes it's the little things&nbsp;− like being able to get from A to B without any hassle or delay&nbsp;− that can really make the difference. We work hard to ensure that homebuyers have a top-quality experience from the moment they first visit our website all the way through to collecting their keys and moving into a top-quality home&nbsp;− and well after that."</p> <p>Bev encourages homebuyers to make the most of the new routefinder and other online features such as <a href="/{localLink:2788}" target="_blank" title="Register for updates">Register for updates</a> in the search for their dream home. She also urges them to keep track of new developments and offers through <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a> and <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> at a time when the number of followers continues to grow and, in the case of Twitter, heads towards the 1,000 follower milestone.</p> <p>"Every week that goes by sees more customers make use of Twitter and Facebook to ask questions and keep track of what we're doing alongside the traditional methods of staying in touch," says Bev, "and we encourage people to do so as it can be quickest, easiest way to find out about the latest news and events. We also encourage them to give us feedback through social media as we are always looking for ways to improve what we do."</p> /news/news/2013/august/new-routefinder-feature/ http://www.bromfordhomes.co.uk/news/news/2013/august/new-routefinder-feature/ 15 August 2013 Larks Rise last five <p>FIRST-TIME buyers have just a few more more chances to get on the property ladder at our fast-selling <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a> development in Coventry&nbsp;− and they're encouraged to be quick or risk missing out.</p> <p>Our part-buy, part-rent deal is so popular with young buyers that we've sold most of the 39 houses in four months, leaving just one two-bed home for as little as £30,625* and four three-bed houses, including our stylish showhome.</p> <p>You can buy a three-bed home for as little as £36,875** through part-buy&nbsp;− also known as <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>&nbsp;− and a deposit that could be as low as £1,844. The showhome could be yours&nbsp;− including carpets, curtains, light fittings and pictures&nbsp;− for an additional payment of £4,500.</p> <p>"Figures like that really help to explain why nearly all of the 39 shared ownership homes here have been snapped up in a matter of months," explains Bromford Homes Head of Sales Alan Bradley. "It's one of our fastest-selling developments and we're confident that the last five homes will go very quickly as well so my advice to other first-time buyers is:&nbsp; Be quick or you could miss out.</p> <p><img width="600" height="250" src="/media/354452/larks-rise-showhome-lounge-960x400_600x250.jpg" alt="Larks Rise showhome lounge"/><br /> &nbsp;<br /> "What's more, if you reserve a home now you could be moving in by mid September as the homes are now finished&nbsp;− and we won't have any more to sell until next year. We're not surprised that so many aspiring homeowners are saying such a big YES to part-buy and seeing their dreams come true. Coventry and Warwickshire is like many places these days&nbsp;− property prices are often fairly high and incomes relatively low for ordinary working people."</p> <p>Alan points to first-time buyers like <a href="/{localLink:3538}" target="_blank" title="Larks Rise happy days">Matt McIntyre and Clare McLaughlin</a> (pictured below), who were able to "leave the family nests" and set up home together at Larks Rise, thanks to our truly affordable Help to Buy shared ownership deal.</p> <p>They've been happily settled in for several months&nbsp;− and recommend shared ownership to other first-time buyers at a time when the latest Rightmove survey highlights that that the desire to own a home is as strong as ever.</p> <p><img width="600" height="250" src="/media/347854/larks-rise-case-study-couple-1_600x250.jpg" alt="Larks Rise Matt and Clare"/>.<br /> &nbsp;<br /> With shared ownership, you buy between 25% and 75% of your new Bromford home and pay low rent on the remaining share. The share depends on your household income but a typical amount is around 40%.</p> <p>"That means your deposit is much lower than it would be with outright sale," explains Alan.&nbsp; "And it's not just the initial outlay that's cheaper with part buy-part rent&nbsp;− the total monthly costs are typically lower too than if buying outright or renting from a private landlord. It's no wonder then that so many first-time buyers from Coventry&nbsp;− and the rest of central England&nbsp;− are saying yes to shared ownership."
</p> <p>You can find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and any of the Bromford Homes developments by calling us on <strong>0845 60 10 878</strong>&nbsp;− or by visiting the new Larks Rise showhome, which is open Thursday to Monday, 10am-5pm.<br /> &nbsp;<br /> * £30,625 would buy a minimum 25% share of a two-bed house with a full market value of £122,500. A minimum deposit of £1,532 assumes a 95% mortgage on that minimum share.<br /> ** £36,875 would buy a minimum 25% share of a three-bed house with a full market value of £147,500. A minimum deposit of £1,844 assumes a 95% mortgage on that minimum share.</p> /news/news/2013/august/larks-rise-last-five/ http://www.bromfordhomes.co.uk/news/news/2013/august/larks-rise-last-five/ 14 August 2013 First-time buyer friends <p>FRIENDS can also become <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> buyers. That's the buddy-friendly message of hope from Bromford Homes to first-time buyers who are struggling to save a deposit or qualify for a mortgage on their own.</p> <p>The part-buy deal&nbsp;− where you purchase between 25% and 75% of your home and pay low rent on the remaining share&nbsp;− has already helped hundreds of <a href="/{localLink:3538}" target="_blank" title="Larks Rise happy days">couples</a>, young families and <a href="/{localLink:3708}" target="_blank" title="Claraine SO case study">lone first-time buyers</a> to get on to the property ladder with Bromford.</p> <p>With prices starting from around £31,250* and deposits as low as around £1,563* at popular developments like <a href="/{localLink:1812}" target="_blank" title="Fortuna">Fortuna</a> in Cirencester, Bromford Homes Sales and Marketing Director Bev Hall describes part-buy as "one of the most affordable way of making your home ownership dream come true".</p> <p>She's keen to make sure that more people know about the benefits of part-buy&nbsp;− and that includes young buyers who might want to buddy up with a friend and share costs with a joint purchase, especially at pricy places like Cirencester, also known as Capital of the Cotswolds.</p> <p><img width="523" height="218" src="/media/378021/joint-buyers-eat-pizza-960x400_523x218.jpg" alt="Joint buyers eat pizza"/><br /> &nbsp;<br /> "If you fancy a pad of your own or want to share with a friend (pictured above), buying through Help to Buy share ownership could be a truly affordable alternative to living at home with your parents or renting from a private landlord," Bev explains. "You may not realise it but you can get on to the property ladder with a two-bed apartment for as little as £37,500** at a popular development like Fortuna in Cirencester and your deposit could be as little as £1,875**."<br /> &nbsp;<br /> That's enough to buy a minimum 25% share of a two-bed apartment at <a href="/{localLink:1829}" target="_blank" title="Quiritus House">Quiritus House</a> while a more typical 40% share would cost £60,000** and the deposit as little as £3,000**.</p> <p>Compare those figures with the average deposit of £32,209 quoted by the National Housing Federation*** for first-time buyers in the South West, says Bev, and the fact that typical monthly costs for part-buy are cheaper than private renting. "It all adds up to a really affordable how of getting a home of your own&nbsp;− and yet we're constantly amazed by how many young buyers don't know about shared ownership or how it works," says Bev.</p> <p><img width="528" height="220" src="/media/378016/joint-buyers-gaming_528x220.jpg" alt="Joint buyers gaming"/><br /> &nbsp;<br /> "We want more people to say 'yes' to shared ownership&nbsp;− not just in Cirencester but at also at our other developments across central England&nbsp;− and that includes friends who want to buy a joint share in a new Bromford home rather than stay with their parents or rent from a private landlord.</p> <p>"Even if you do know about shared ownership, you may not realise that buying with a friend is an option because there are lots of <a href="/{localLink:3513}" target="_blank" title="Shared ownership from parents' point of view">myths and misunderstandings</a>. For instance, many people think that you have to be a key workers to qualify for part-buy when, in fact, that's not true.</p> <p>"In a nutshell, shared ownership is an affordable option for young people and other aspiring home-owners who are simply priced out of the open market. As long as you don't already have a mortgage and your combined household income isn't more than £60,000 a year you could qualify.</p> <p>"For some people&nbsp;− especially those on lower incomes&nbsp;− buying with a friend could mean that getting on to the property ladder through shared ownership becomes possible or even more affordable or that, overall, you are able to buy a bigger share of your home."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, how it works and local developments, call us on <strong>0845 60 10 878</strong>. You call also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> and follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> <p>* £31,250 represents a minimum 25% share of a one-bed apartment with a market value of £125,000. The deposit, based on a customer borrowing 95%, would be £1,563.</p> <p>** £37,500 represents a minimum 25% share of a two-bed apartment with a market value of £125,000 and the deposit, based on a customer borrowing 95%, would be £1,563. A typical 40% share of a two-bed apartment with a market value of £122,500 would be £60,000&nbsp; and the deposit, based on a customer borrowing 95%, would be £3,000.</p> <p>*** Figures quoted by the National Housing Federation during Shared Ownership Week 2013.</p> /news/news/2013/august/first-time-buyer-friends/ http://www.bromfordhomes.co.uk/news/news/2013/august/first-time-buyer-friends/ 07 August 2013 Willows open day <p>THE DREAM of home ownership can come true for first-time buyers who join us for a special Bromford Homes open day at <a href="/{localLink:2868}" target="_blank" title="The Willows">The Willows</a> in Muxton, Telford, this weekend.</p> <p>We're rolling out the welcome mat from 10am to 4pm on Saturday (August 10) for would-be homeowners who can't afford to buy on the open market and want to quiz us about our flexible and affordable part-buy offer.</p> <p>The drop-in day offers a friendly, informal way to explore our three-bed demonstration home and to find out how you can get onto the property ladder here, off Marshbrook Way, for as little as £33,125* and a deposit that could be as little at £1,657*.</p> <p>That's enough to buy a minimum 25% share of a two-bed <a href="/{localLink:2912}" target="_blank" title="The Woodhall">Woodhall</a> home and you can buy a 25% share of the three-bed <a href="/{localLink:2911}" target="_blank" title="The Minton">Minton</a> (pictured below) for as little as £38,750**, with a deposit as low as £1,938**.</p> <p><img width="501" height="266" src="/media/377911/minton-640x340_501x266.jpg" alt="Minton 640x340"/></p> <p>Bromford Homes Head of Sales Alan Bradley urges first-time buyers to be quick if they don't want to miss out on the last two <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> homes. "We've got just half a dozen part-buy homes here at The Willows and four of them have already been snapped up. That leaves just two opportunities for first-time buyers who want to get onto the property ladder for as little as £33,125*," says Alan.</p> <p>"Prices like this make all the difference for first-time buyers who can't afford the huge deposits and monthly payments that come with buying on the open market&nbsp;− especially in a popular area like Telford where property prices are relatively high and average earnings struggle to keep up."</p> <p>How does shared ownership work? Instead of buying outright, you buy between 25% and 75% of your new Bromford home&nbsp;− the amount depends on what you can afford&nbsp;− and pay low rent on the remaining share.</p> <p>"We're delighted that the first four shared ownership homes at The Willows have been snapped up&nbsp;− and, judging by the really positive response we've had from other first-time buyers, it surely won't be long before we see more reservations," says Alan. "My message to other would-be homebuyers in Telford is to join us on Saturday and find out how you too can make your dream come true."</p> <p>Want to know more about <a href="/{localLink:2868}" target="_blank" title="The Willows">The Willows</a> and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>? Call <strong>0845 60 10 878</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> or <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.<br /> &nbsp;<br /> * £33,125 buys a 25% share of a two-bed home with a total asking price of £132,500 and a&nbsp;deposit could be as little as £1,657 based on a 95% mortgage. ** £38,750 buys 25% of the total £155,00 asking price for a three-bed home and the deposit would be £1,938 based on a 95% mortgage.</p> /news/news/2013/august/willows-open-day/ http://www.bromfordhomes.co.uk/news/news/2013/august/willows-open-day/ 06 August 2013 Penny Meadow part-exchange <p>DISCERNING buyers can snap up a sought-after Bewdley Hill address&nbsp;− and offer their existing home in part-exchange for one of our few remaining executive houses at <a href="/{localLink:1736}" target="_blank" title="Penny Meadow">Penny Meadow</a>, Kidderminster.</p> <p>This sizzling summer offer to consider <a href="/{localLink:1962}" target="_blank" title="Part exchange">part-exchange</a> applies to our £245,500 four-bed <a href="/{localLink:3661}" target="_blank" title="PM showhome for sale">Ballardia showhome</a> and the four-bed <a href="/{localLink:3005}" target="_blank" title="The Comfrey">Comfrey</a> house&nbsp;− priced at £240,500&nbsp;− that's being built alongside it by our <a href="/{localLink:3690}" target="_blank" title="Pete Hamon/Penny Meadow Pride win">award-winning site manager</a> and his team.</p> <p>Fitted carpets are included with the Comfrey and our final remaining four-bed <a href="/{localLink:3002}" target="_blank" title="The Larkspur">Larkspur</a> house, priced at £234,995&nbsp;− and, in the case of the Ballardia showhome (pictured below), curtains, light fittings and soft furnishings are all part of the £245,500 asking price. A four-bed <a href="/{localLink:3003}" target="_blank" title="The Sundew">Sundew</a> home is also for sale at a Star Buy asking price of £234,995. The part-exchange offer does not apply.</p> <p><img width="539" height="247" src="/media/325010/penny-meadow-02-960x440_539x247.jpg" alt="PM showhome lounge"/></p> <p>All four remaining houses are described by Bromford Homes Sales and Marketing Director Bev Hall as ideal for existing homeowners who want to move up to this leafy suburb on the edge of Kidderminster.</p> <p>"We're willing to consider part-exchange on plots 3 and 4 because it's a quick, hassle-free way to unlock the home of your dreams here at Penny Meadow," says Bev. "If we accept, we'll agree a fair price for your existing home in time to complete on or before our deadline day of September 30 - and all without all the usual worry about broken chains and need for estate agency fees."</p> <p>How does it work? "We'll arrange two independent valuations of your existing home and make an offer based on their findings," answers Bev. "If you agree to our offer and surveys prove satisfactory, we become your buyer and you are free to buy your new Bromford home. It's as simple as that."</p> <p><img width="541" height="225" src="/media/364414/pete-hamon-pm-960x400_541x225.jpg" alt="Pete Hamon PM"/></p> <p>All new houses at Penny Meadow are built to the highest quality by our in-house construction team&nbsp;− led by site manager Pete Hamon (pictured above), who has just received his latest Pride in Job quality award from the NHBC.</p> <p>They're close to completing the last of 13 new three and four-bed executive homes and have managed to preserve the area's leafy suburban feel by retaining some of the mature trees facing Bewdley Hill as well as one of the existing homes&nbsp;− now sold to a delighted buyer after refurbishment.
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Sales quickly passed the "75% sold" milestone after the opening of the showhome and Sales Consultant Rachel Pendrous urges other would-be buyers to visit the showhome and discover the many winning features for themselves.</p> <p>"These high-quality homes at Penny Meadow definitely appeal to people who appreciate quality and the leafy, family-friendly feel of this area around the crest of Bewdley Hill," she says. "All our homes offer exceptional value for money, with a host of built-in features that would normally come as extras elsewhere, and the build quality is second to none. Pete's award proves that. Add the possibility of part-exchange and I forecast a sizzling finish to the summer for Penny Meadow."</p> <p>To find out more about <a href="/{localLink:1736}" target="_blank" title="Penny Meadow">Penny Meadow</a> call Sales Consultant Rachel Pendrous on <strong>01562 745380</strong>. Homebuyers can also keep in touch by <a href="/{localLink:2788}" target="_blank" title="Register for updates">registering for updates</a> and by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and on <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/august/penny-meadow-part-exchange/ http://www.bromfordhomes.co.uk/news/news/2013/august/penny-meadow-part-exchange/ 05 August 2013 SMV taste of luxury <p>CHELTENHAM homebuyers have a mouth-watering chance to "beat the rest"&nbsp;− and savour a luxury treat&nbsp;− if you reserve one of the last few four-bed homes being built at our popular <a href="/{localLink:1742}" target="_blank" title="St Mark's View">St Mark's View</a> development.</p> <p>We're offering this special deal to existing homeowners who sign up for our special <a href="/{localLink:1952}" target="_blank" title="HelpUmove">HelpUmove</a> service and reserve one of four <a href="/{localLink:2965}" target="_blank" title="The Emerson">Emerson</a> houses that are taking shape between now and the New Year.</p> <p>Put down a £500 deposit before the end of August and, when you complete on the purchase, you will find a luxury hamper waiting for you in your new kitchen on moving-in day.</p> <p>This win-win offer only applies to buyers who visit our Tennyson Road marketing suite and showhome during August&nbsp;− and Bromford Homes Sales and Marketing Director Bev Hall urges homebuyers to be quick or miss out.</p> <p>"Buyers have really voted with their feet&nbsp;− and their wallets&nbsp;− at St Mark's View, making it one of the fastest-selling developments in Cheltenham," says Bev. "We've now sold all but a few of the 21 high-quality houses being built here for outright sale&nbsp;− and, although we're very proud of all of them, you could say that to some extent we've saved the best 'til last.</p> <p><img width="472" height="197" src="/media/374444/smv-plot22-screenshot_472x197.jpg" alt="SMV plot22 screenshot"/><br /> <br /> "We're opening our new Emerson demo home during the first week in September and we're pretty confident that these fabulous four-bed houses will then sell very quickly indeed. So we're offering this opportunity for would-be buyers to beat the rest by reserving the home of their dreams now and get expert help through our HelpUmove service to sell their existing home with the absolute minimum of hassle or delay.</p> <p>"We're more than happy to do this because we believe that, after seeing the new demo home, buyers will fall in love with the Emersons (pictured above) and want to complete on a purchase as quickly as they can&nbsp;− and enjoy an extra taste of luxury when they open their hamper."</p> <p>The offer comes as Bromford's in-house construction team heads for a January completion on the last outright sale home at St Mark's View. Their outstanding build quality has been a key factor in persuading homebuyers to snap up 17 of the 21 high-quality houses being built for outright sale. With five shared ownership homes also reserved, the total number of sales now stands at 22&nbsp;− or more than 85% of all the homes being built.</p> <p><img width="472" height="197" src="/media/341975/smv-lounge-960_472x197.jpg" alt="SMV lounge"/><br /> &nbsp;<br /> Sales really took off after the opening of the spacious four-bed Chesterton showhome (pictured above) − now reserved by a buyer&nbsp;− according to Bromford Homes Sales Consultant Fabio Scimeca.</p> <p>"The Chesterton and Emerson have everything you would expect from a four-bed family home&nbsp;− and more. They've got the space, a great people-friendly design and a great specification&nbsp;− with many extras fitted as standard that would normally come as extras elsewhere," he tells would-be buyers.</p> <p>"But don't take my word for it. Please come and see for yourselves and I'm sure you'll agree.&nbsp;We can give you a really good idea of what the remaining Emerson home will look like when they're finished and explain how our special offer and the HelpUbuy service works. You really can't buy better than a Bromford home at St Mark's View."<br /> <br /> The St Mark's View sales suite and showhome are open from Thursday to Monday between 10am and 5pm. To find out more about <a href="/{localLink:1742}" target="_blank" title="St Mark's View">St Mark's View</a> and <a href="/{localLink:1960}" target="_blank" title="HelpUbuy">HelpUbuy</a> call Fabio on <strong>01242 510488</strong>. Homebuyers can also keep in touch by <a href="/{localLink:2788}" target="_blank" title="Register for updates">registering for updates</a> and by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and on <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.</p> /news/news/2013/july/smv-taste-of-luxury/ http://www.bromfordhomes.co.uk/news/news/2013/july/smv-taste-of-luxury/ 29 July 2013 Bank of Mum and Dad comment <p>FIRST-TIME buyers who tap into the Bank of Mum and Dad for part or all of their deposits are being urged to consider <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> when they try to get their first foot on the property ladder.</p> <p>The same message goes to the parents, grandparents, other family members and friends who are said to be pouring billions each year into the property market to help young people buy their first home.</p> <p>Shared ownership should be high on the list of options for many first-time buyers, says Bromford Homes Sales and Marketing Director Bev Hall, because deposits and monthly costs are typically cheaper than when buying on the open market.</p> <p>Her call is prompted by a just-published survey that says three in ten of first-time buyers since 2009 got family gifts or loans worth an average of £17,000&nbsp;− or, in other words, more than 60% of the typical £28,000 deposit&nbsp;− according to figures published by housing charity Shelter yesterday (Wednesday).</p> <p><img width="533" height="222" src="/media/184520/bev_hall_large_news_slider_533x222.jpg" alt="Bev Hall on HomeBuy"/><br /> &nbsp;<br /> Bev (pictured above) compares those figures with the typical deposit of around £13,065* for a shared ownership buyer in Gloucestershire&nbsp;− one of the areas where Bromford has active part-buy developments like <a href="/{localLink:1812}" target="_blank" title="Fortuna">Fortuna</a>, where you can buy a home for as little as £31,250** and your deposit can be as low as £1,563.</p> <p>"The numbers speak for themselves&nbsp;− highlighting the fact that shared ownership deposits are generally much, much lower than they are for first-time buyers on the open market," says Bev.<br /> &nbsp;<br /> "It means young buyers like <a href="/{localLink:3708}" target="_blank" title="Claraine SO case study">Claraine Walker</a> and <a href="/{localLink:3538}" target="_blank" title="Larks Rise happy days">Matt McIntyre</a> can either build up the deposits themselves without having to scrimp and save for ten years and more or that the burden on the Bank of Mum and Dad&nbsp;− where that is an option, of course&nbsp;− is much, much less.</p> <p>"We urge first-time buyers&nbsp;− and their parents&nbsp;− to take a good look at shared ownership, to find out what it is and how it works because it really can be a much more affordable and quicker way of getting on to the property ladder."</p> <p>With shared ownership, you buy between 25% and 75% of your new home rather than buying it outright and pay a low rent on the remaining share. How much you buy depends on how much you can afford with a typical amount being around 40%.</p> <p>"It's a shame more people don't know about this part-buy, part-rent path on to the property ladder and that includes parents because they often play a key part when their children decide to buy," says Bev. "That's why we decided to create a special pocket-sized leaflet, <a href="/{localLink:3513}" target="_blank" title="Shared ownership from parents' point of view"><em>Shared ownership questions − from the parents' perspective</em></a>, that answers some of the most frequently-asked questions about our part buy-part rent scheme."</p> <p><img width="546" height="228" src="/media/369086/claraine-keys1_546x228.jpg" alt="Claraine keys1"/><br /> &nbsp;<br /> First-time buyer Claraine (pictued above) highlights a lower deposit as one of the key pluses of shared ownership and recommends the part-buy, part-rent option to other first-time buyers. Like a lot of younger people on lower incomes, 22-year-old Claraine had just about given up hope of getting on to the property ladder after many months of searching and frustrating knock-backs from mortgage lenders.</p> <p>That only changed when she found out about shared ownership − and in February moved into her new home at Cannock, Staffordshire, after putting down a £6,000 deposit she had saved herself and buying a 50% share for around £60,000.</p> <p>"Shared ownership is definitely the most affordable way of buying a house if you have a low income and can't afford the deposit that lenders ask for on the open market," says Claraine, who works as a Moneymates Team Leader with Bromford Support, helping vulnerable customers to manage their financial affairs.</p> <p>"Many of my friends − especially couples moving out of their parents' home for the first time − go into renting as a short-term solution, hoping it will give them time to save a bigger deposit, but then find it too costly to do so. I always recommend that anyone like me should consider shared ownership as the first option. It's quicker and easier to buy and it can be cheaper on a monthly basis than renting from a private landlord."</p> <p>The Shelter findings support a call by the National Housing Federation for the government to boost the number of homes being built in Britain. Bromford supports that call and is using the surplus generated by a few outright sale developments to help subsidise the cost of building more shared ownership housing.</p> <p>* Figures published by the NHF during Shared Ownership Week 2013.</p> <p>** £31,250 represents a minimum 25% share of a one-bed apartment with a market value of £125,000. The deposit, based on a customer borrowing 95%, would be £1,563. The minimum 25% share of a three-bed home would cost £57,500 and the deposit, based on a customer borrowing 95%, would be £2,875.</p> /news/news/2013/july/bank-of-mum-and-dad-comment/ http://www.bromfordhomes.co.uk/news/news/2013/july/bank-of-mum-and-dad-comment/ 25 July 2013 Fortuna open day <p>FIRST-TIME buyers in Cirencester are invited to join us for a special <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> open day&nbsp;− and find out how they can get on the property ladder much sooner than they might think.</p> <p>Today's all-day session (Saturday July 27) at our popular <a href="/{localLink:1812}" target="_blank" title="Fortuna">Fortuna</a> development comes at the end of a week when a major report has highlighted the frustrating plight of many young buyers and forecast that nearly four million under-35s will be forced to live with their parents as house prices rise by as much as 40% by 2020.</p> <p>This gloomy forecast by the National Housing Federation (NHF) prompts a message of hope from Bromford Homes Head of Sales Alan Bradley for would-be homebuyers who fear they will never be able to afford that first step on to the property ladder.</p> <p>"My message is simple and it's two words&nbsp;− shared ownership," says Alan. "The NHF has highlighted what is already a very real problem for many first-time buyers&nbsp;− a problem that they predict will only get worse as earnings for most people continue to stagnate while house prices go up.</p> <p>"We support the NHF call to build more homes and, in the meantime, want to make sure that more first-time buyers know about shared ownership, how it works and how it can make their home ownership dream come true at Fortuna for as little as £31,250*."</p> <p>That's enough to buy a 25% share of a one-bed apartment through Help to Buy shared ownership and the deposit could be as low as £1,563*. How does it work? "Instead of buying outright, you buy between 25% and 75% of the home&nbsp;− the amount depends on what you can afford&nbsp;− and pay low rent on the rest," answers Alan.</p> <p><img width="455" height="190" src="/media/253387/fortuna_interior_bigslider_455x190.jpg" alt="Fortuna showhome interior"/><br /> &nbsp;<br /> "In the case of Fortuna, that means you can buy a three-bed house for as little as £57,500 − and a deposit that could be as low as £2,875. This is crucial in a place like Cirencester where house prices are relatively high and average earnings are relatively low. What's more, the average monthly costs of buying a home through shared ownership are generally lower than renting a similar home from a private landlord.
</p> <p>"It's no wonder then that shared ownership has made the difference for so many first-time buyers in the Cotswold area. We've just handed over the keys to our <a href="/{localLink:3699}" target="_blank" title="Fortuna 80 plus milestone">84th shared ownership buyer</a> here and we look forward to making many more home ownership dreams come true this year."</p> <p>His sentiment is shared by Bromford Homes Sales Consultant Kirsty Darby, who will welcome visitors to the new show apartment at Fortuna on Saturday (July 27) between 11am and 4pm .<br /> &nbsp;<br /> Her message to would-be buyers in and around Cirencester is: "Come along and find out more about how shared ownership can help you to get on to the property ladder&nbsp;− and for much less than you might think. You've got a really affordable chance here to follow in the footsteps of the 84 buyers who've switching from private rented housing or living with parents or friends thanks to Help to Buy shared ownership.
</p> <p>
"We've still got a great choice of <a href="/{localLink:1814}" target="_blank" title="New homes for sale">apartments and three-bed houses</a> for sale but, now that Fortuna is 80%-plus sold, we've got to say that the clock is ticking. Now's the time to find out about Fortuna and how our great part buy-part rent opportunity can make your home ownership dream come true."</p> <p>Our Fortuna showhome − off the roundabout where the A429 meets the Bristol Road and the A419 in Cirencester − is open from Thursday to Monday 11am to 4pm. To find out more call <strong>01285 640837</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your updates</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and on <a href="https://www.facebook.com/BromfordHomes" target="_blank">Facebook</a>.
</p> <p>* £31,250 represents a minimum 25% share of a one-bed apartment with a market value of £125,000. The deposit, based on a customer borrowing 95%, would be £1,563. The minimum 25% share of a three-bed home would cost £57,500 and the deposit, based on a customer borrowing 95%, would be £2,875.</p> /news/news/2013/july/fortuna-open-day/ http://www.bromfordhomes.co.uk/news/news/2013/july/fortuna-open-day/ 23 July 2013 Middleton last one <p>FIRST-TIME buyers have one last chance to snap up a <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> home at the largest village in south Northamptonshire&nbsp;− Middleton Cheney, near Banbury.</p> <p>You can get on the property ladder at our <a href="/{localLink:3210}" target="_blank" title="Middleton Chase">Middleton Chase</a> development for as little as £53,750* if you buy a minimum 25% share of the remaining three-bed home&nbsp;− and the deposit could be as low as £2,688.</p> <p>Bromford Homes Head of Sales North Alan Bradley urges first-time buyers to be quick or miss out on what he describes as rare opportunity to get on to the property ladder in this sought-after corner of the county.</p> <p>"Northamptonshire is like many places these days − property prices are often fairly high and incomes relatively low for ordinary working people," says Alan.</p> <p>"This is especially true of attractive, thriving, sought-after rural places like Middleton Cheney (pictured below) in the south of the county, where it's especially difficult for first-time buyers to get on to the property ladder through the open market.</p> <p><img width="599" height="333" src="/media/327261/middleton73-612x340_599x333.jpg" alt="midd73"/><br /> <br /> "We know from research published by the Council of Mortgage Lenders that people still aspire to own their own home − and shared ownership can make that dream come true at prices that people can afford.</p> <p>"It's a truly affordable solution for people who can't afford to buy on the open market − and that includes a growing number of people who, before the credit crunch, would probably have been able to buy a first home the traditional way. People who can have a combined household income of up to £60,000 and still qualify for part-buy."</p> <p>With shared ownership, you buy between 25% and 75% of a great new home and pay low rent on the remaining share.</p> <p>"It's as simple as that. This makes the initial outlay much lower and we know&nbsp;− thanks to recent research&nbsp;− that the typical monthly costs are also cheaper than buying on the open market or renting from a private landlord," says Alan. "You really can't do better if you're a first-time buyer who wants to get on the property ladder here in on the rural border between Northamptonshire and Oxfordshire."</p> <p>To find out more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> and <a href="/{localLink:3210}" target="_blank" title="Middleton Chase">Middleton Chase</a>, call <strong>0845 60 10 878</strong> and talk to one of our experts. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank" title="BH Twitter">Twitter</a> and <a href="https://www.facebook.com/BromfordHomes" target="_blank" title="BH Facebook">Facebook</a>.</p> <p>* £53,750 would buy a minimum 25% share of a thee-bed house with a full market value of £215,000. A deposit of £2,688 assumes a 95% mortgage on that minimum share.</p> /news/news/2013/july/middleton-last-one/ http://www.bromfordhomes.co.uk/news/news/2013/july/middleton-last-one/ 18 July 2013 Larks Rise movers <p>ALMOST a third of our part-buy homes at <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a>, Coventry, have been handed over to buyers&nbsp;− and another four customers are set to collect their keys before the end of July.</p> <p>That will bring the total number of Help to Buy <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> completions to 16, with another 17 homes reserved&nbsp;− mostly by first-time buyers&nbsp;− and just six houses still up for grabs for as little as £30,625*.</p> <p>As a result, Larks Rise is being hailed as one of our fastest-selling developments and "concrete proof that shared ownership is meeting a huge need for frustrated first-time buyers" and other people who can't afford to buy on the open market.</p> <p>That's how Bromford Homes Head of Sales Alan Bradley sums it up after a whirlwind four months since the two and three-bedroom part-buy homes were launched with a city centre open day in March. "It's great to see the home-owning dream come true for so many first-time buyers&nbsp;− people like <a href="/{localLink:3538}" target="_blank" title="Larks Rise happy days">Matt and Clare</a>, who've come forward since moving in at Larks Rise to tell us that shared ownership made all the difference and recommend it without hesitation,'" he says.</p> <p><img width="472" height="197" src="/media/347854/larks-rise-case-study-couple-1_472x197.jpg" alt="Larks Rise Matt and Clare"/><br /> <br /> "We know how hard it can be for customers like them to get on the property ladder and seeing them collect the keys to a new Bromford home is one of the most satisfying parts of our job.<br /> &nbsp;<br /> "Shared ownership really does make it affordable to get that first foot on the property ladder and the fact that we've already sold 33 of the 39 part-buy homes being built here at Coventry is concrete proof that shared ownership meets a huge need for frustrated first-time buyers at prices they can afford."<br /> &nbsp;<br /> Alan points to the one remaining two-bed terraced houses at Larks Rise which can be bought through Help to Buy shared ownership for as little as £30,625* if you're a buyer that qualifies for a minimum 25% share&nbsp;− with a deposit that could be as low as £1,532*. Prices for a three-bed house like the showhome (pictured below) are only slightly higher&nbsp;− starting at £36,875** for a minimum 25% share and a deposit that could be as little as £1,844**.</p> <p><img width="477" height="199" src="/media/354452/larks-rise-showhome-lounge-960x400_477x199.jpg" alt="Larks Rise showhome lounge"/><br /> &nbsp;<br /> "With shared ownership, you buy between 25% and 75% of your home and pay low rent on the remaining share. It's as simple as that," says Alan. "The initial costs are so much more affordable for people who can't afford to buy their first home on the open market&nbsp;− and so are the <a href="/{localLink:3530}" target="_blank" title="Shared ownership vs renting">monthly costs</a>."<br /> &nbsp;<br /> * £30,625 represents a minimum 25% share of a two-bed house costing £122,500 and a £1,532 deposit is based on a 95% mortgage.
** £36,875 represents a minimum 25% share of a three-bed house costing £147,500 and a £1,844 deposit is based on a 95% mortgage.<br /> &nbsp;<br /> Coventry and Warwickshire homehunters can register their interest and find out more about <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a> and Help to Buy <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> by talking to a sales consultant on <strong>0845 60 10 878.</strong> You can also keep track by following us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> @BromfordHomes and <a href="https://www.facebook.com/BromfordHomes" target="_blank" title="BH Facebook">Facebook</a></p> /news/news/2013/july/larks-rise-movers/ http://www.bromfordhomes.co.uk/news/news/2013/july/larks-rise-movers/ 17 July 2013 Claraine SO case study <p>FIRST-TIME buyer Claraine Walker wants to shout a big YES to shared ownership after collecting the keys to her own part-buy, part-rent home earlier this year.</p> <p>Like a lot of younger people on lower incomes, 22-year-old Claraine had just about given up hope of getting on to the property ladder after many months of searching and frustrating knock-backs from mortgage lenders.</p> <p>Then she found out about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">HelpToBuy shared ownership</a>&nbsp;− and in February moved into her new home at Cannock, Staffordshire, after buying a 50% share for around £60,000. It's a cherished dream come true for Claraine, a Moneymates Team Leader with Bromford Support, and she's already saving hard to buy a bigger share.</p> <p>Would she recommend the part-buy, part-rent route on to the property ladder to other first-time buyers? "Yes, definitely," replies Claraine, pictured below, reeling off a list of advantages that includes:<br /> &nbsp;<br /> LOWER deposits - in Claraine's case, about £6,000<br /> SMALLER, more affordable, mortgage payments<br /> OPTION to increase shares as and when she can afford it<br /> INVESTMENT in the longer term for her money<br /> SECURITY rather than "being at the mercy of a private landlord"<br /> FREEDOM to decorate her own home as she wants to</p> <p><img width="599" height="318" src="/media/369071/claraine-sofa-640x340_599x318.jpg" alt="Claraine sofa"/><br /> &nbsp;<br /> And, last but not least: "I can still afford to go on holiday!" Her light-hearted remark reflects the fact that so much time and effort goes into making sure that each buyer's ownership share is truly affordable&nbsp;− and, as Claraine and other first-time buyers are pleasantly surprised to find out, the monthly housing costs are typically <a href="/{localLink:3530}" target="_blank" title="Shared ownership vs renting">cheaper than renting from a private landlord</a>.</p> <p>"Shared ownership is definitely the most affordable way of buying a house if you have a low income and can't afford the deposit that lenders ask for on the open market," says Claraine, who was promoted from Advisor to Team Leader with Bromford shortly after moving into her new home and spends her working day helping vulnerable customers to manage their financial affairs.</p> <p>"Many of my friends&nbsp;− especially couples moving out of their parents' home for the first time&nbsp;− go into renting as a short-term solution, hoping it will give them time to save a bigger deposit, but then find it too costly to do so.</p> <p>"I always recommend that anyone like me should consider shared ownership as the first option. It's quicker and easier to buy and it can be cheaper on a monthly basis than renting from a private landlord. I had rented before and wouldn't consider doing it again. I was always waiting on the landlord, I couldn't decorate how I wanted and it was so expensive I couldn't save. I decided not to renew the lease and walked away with nothing to show for the money I had paid in rent."</p> <p><img width="599" height="318" src="/media/369081/claraine-doorstep-640x340_599x318.jpg" alt="Claraine doorstep"/><br /> &nbsp;<br /> Claraine returned to live with her parents&nbsp;− still nurturing the long-cherished dream of owning her own home.<br /> &nbsp;<br /> "I'd been saving for a house since I was 18 and spent about a year seriously looking looking to buy something. My biggest obstacle was the fact that my salary alone wasn't enough to cover the mortgage on an average-priced house and I started to believe that I would never be able to do it alone," she recalls.</p> <p>"After viewing tons of houses and visiting half a dozen financial advisors I was left feeling so defeated that I virtually gave up. Then one day&nbsp;− purely by coincidence&nbsp;− I was driving past a new estate when it was holding an open day. I love snooping around showhomes so I popped in and ended up walking away with an application for shared ownership*.&nbsp;It was a real lightbulb moment."</p> <p>Like a lot of young people, Claraine didn't know about shared ownership until that moment. This lack of awareness has been in the spotlight with a BBC online poll revealing last week that three-quarters of 18 to 29-year-olds in the UK aren't aware of part-buy housing schemes or don't know how they work and the wider problem for first-time buyers highlighted by TV presenter Cherry Healey in her BBC3 series <em>Property Virgins</em>.</p> <p>"It's a real shame that more people don't know about shared ownership and how it can help them to get on to the property ladder at a price they can really afford," says Claraine. "My advice to other first-time buyers is really simple: say yes to shared ownership. Go on&nbsp;− give it a try. You've got nothing to lose and everything to gain."</p> <p>If you want to know more about <a href="/{localLink:1446}" target="_blank" title="Shared ownership">Help To Buy shared ownership</a>, how it works and where we are building part-buy homes, call us on <strong>0845 60 10 878</strong>. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> and follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and on Facebook.</p> <p><img width="599" height="318" src="/media/369066/claraine-diner-640x340_599x318.jpg" alt="Claraine diner"/><br /> <br /> * Claraine bought her shared ownership through a fellow provider of affordable housing. We all operate under the same goverment-backed Help To Buy umbrella aimed at helping first-time buyers and other people who live in England and can't afford to buy a home on the open market.</p> /news/news/2013/july/claraine-so-case-study/ http://www.bromfordhomes.co.uk/news/news/2013/july/claraine-so-case-study/ 16 July 2013 Daventry launch <p>THE LAUNCH of our new part-buy homes in Daventry offers local first-time buyers the chance to move out from your parents' home or private rented housing and get on to the property ladder for as little as £32,488*.</p> <p>That's enough to buy you a minimum 25% share of a two-bed <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> home at <a href="/{localLink:3040}" target="_blank" title="Middlemore Heights">Middlemore Heights</a>, with a deposit that could be as low as £1,625*.</p> <p>And buyers who reserve a part-buy home in the next few weeks could be picking up the keys before the end of August. Building work will soon finish on the first few two-bed homes off Hidcote Way on the northern edge of Daventry&nbsp;− so there's no better time than now to find out how the part-buy deal works and put down your £500 deposit.</p> <p>That's the timely message to local first-time buyers from Bromford Homes Head of Sales Alan Bradley and he highlights the fact that three-bed houses are also being built at Middlemore Heights, with completion due in January 2014.</p> <p>"Daventry and the surrounding area is like many places these days. Property prices are often fairly high and incomes relatively low for ordinary working people, who often end up as part of Generation Rent&nbsp;− renting from private landlords," says Alan.<br /> &nbsp;<br /> "We know from various sources&nbsp;− including the current wave of TV programmes like Cherry Healey's <em>Property Virgins</em> on BBC3 − that younger people still aspire to own their own home and find it hard or impossible on the open market. Well the good news is that shared ownership can make your home-owning dream come true and at prices that you can afford."</p> <p><img width="377" height="271" src="/media/358283/braunston-425x305_377x271.jpg" alt="Braunston"/><br /> &nbsp;<br /> With shared ownership, buyers purchase between 25% and 75% of a new Bromford home rather than buy outright − the exact amount depends on their income − and pay low rent on the remaining share. It's what Alan describes as a real win-win for first-time buyers. The initial outlay is much lower − with deposits as low as £1,625* for an example like our two-bed homes (pictured above) at Middlemore Heights.<br /> &nbsp;<br /> "Aspiring buyers might also be surprised to find out that the total monthly costs with shared ownership are typically lower too than if buying outright or renting from a private landlord," says Alan. "It's no wonder then that so many first-time buyers in Northamptonshire have already said a big YES to shared ownership - and it might surprise you to find out that you can have a combined household income of up to £60,000 and still qualify for part-buy. It's a truly affordable solution for people who can't afford to buy on the open market."</p> <p><a href="/{localLink:3040}" target="_blank" title="Middlemore Heights">Middlemore Heights</a> is a great location for commuters and young families, with a wide choice of local primary schools, shops and local leisure facilities. It's two miles from Daventry town centre and within easy driving distance of Rugby, Northampton or Leamington Spa. Long Buckby railway station is less than five miles away and from there you can get to Birmingham New Street in less than 50 minutes.</p> <p>All homes come with a fully-fitted kitchen, oven, hob and extractor, downstairs cloakroom, fitted wardrobe to master bedroom, full gas-fired central heating, double glazing and high-performance insulation throughout. Allocated parking, turfed rear gardens and 10-year NHBC New Home warranty are also included.</p> <p>To find out more about Middlemore Heights and <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>, call <strong>0845 60 10 878</strong> and talk to one of our experts. You can also <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> or follow us on <a href="https://twitter.com/BromfordHomes" target="_blank">Twitter</a> and Facebook.</p> <p>* £32,488 would buy a minimum 25% share of a two-bed house with a full market value of £129,950. A deposit of £1,625 assumes a 95% mortgage on that minimum share. ** Prices are yet to be set on three-bed houses at Middlemore Heights. If you're interested, <a href="/{localLink:2788}" target="_blank" title="Register for updates">register for updates</a> and we'll let you know when things change.</p> /news/news/2013/july/daventry-launch/ http://www.bromfordhomes.co.uk/news/news/2013/july/daventry-launch/ 12 July 2013 Fortuna 80 plus milestone <p>PART-BUY sales have smashed another milestone mark at our <a href="/{localLink:1812}" target="_blank" title="Fortuna">Fortuna</a> development in Cirencester as local first-time buyers keep saying YES to <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a>.</p> <p>We've just handed over the keys to our 84th buyer − and, with another five homes reserved, it's likely that sales will hit the 100 mark before the end of the year.</p> <p>It's a cause of celebration for Bromford Homes Head of Sales Alan Bradley − and the trigger for a timely warning to other local homebuyers who want to get on to the property ladder for as little as £31,250* in this sought-after part of Gloucestershire.</p> <p>His message to first-time buyers in and around the Capital of the Cotswolds: "Be quick or you could miss out on the chance to follow in the footsteps of the 84 buyers who've already achieved their home-owning dream through HelpToBuy shared ownership.<br /> &nbsp;<br /> "We've still got a great choice of apartments and three-bed houses for sale but, now that Fortuna is 80%-plus sold, we've got to say that the clock is ticking. In other words, when they're gone, they're gone. Now's the time to find out about Fortuna and how our great part buy-part rent opportunity can make your home ownership dream come true."</p> <p><img width="484" height="202" src="/media/253387/fortuna_interior_bigslider_484x202.jpg" alt="Fortuna showhome interior"/><br /> &nbsp;<br /> His encouragement for first-time buyers comes at a time when the house market continues to gather strength. Yesterday (Tuesday) the RICS said demand from would-be homebuyers was picking up at its fastest rate in four years&nbsp;− and these frontline property professionals revealed they were more optimistic about sales than at any time since 2000.</p> <p>"It's good news for buyers generally, although they should be concerned that this boosted confidence means that prices on the open market will probably start to go up," says Alan, pointing to the latest forecasts from mortgage lender Halifax and property website Rightmove.</p> <p>"Overall, it's still a tough market for first-time buyers. Lending rates remain at an all-time low and there are signs that credit is starting to ease a little&nbsp;− but, on the other hand, lenders typically still demand big deposits for traditional outright sales and joint incomes have to be fairly high. That's where shared ownership can really make the difference."<br /> &nbsp;<br /> How does it work? "Instead of buying outright, you buy between 25% and 75% of the home&nbsp;− the amount depends on what you can afford - and pay rent on the rest. In the case of Fortuna, that means you can buy a three-bed house for as little as £57,500 − and a deposit that could be as low as £2,875.

</p> <p><img width="485" height="202" src="/media/331845/fortuna-lounge-960x400_485x202.jpg" alt="Fortuna showhome lounge"/></p> <p>"This is crucial in a place like Cirencester where house prices are relatively high and average earnings are relatively low. What's more, the average monthly costs of buying a home through shared ownership are generally <a href="/{localLink:3530}" target="_blank" title="Shared ownership vs renting">lower than renting</a> a similar home from a private landlord.<br /> &nbsp;<br /> "It's no wonder then that shared ownership has made the difference for many first-time buyers in the Cotswold area − and we look forward to handing over many more sets of keys this year."</p> <p>Our Fortuna showhome − off the roundabout where the A429 meets the Bristol Road and the A419 in Cirencester − is open from Thursday to Monday 11am to 4pm. To find out more call <strong>01285 640837</strong> or <a href="/{localLink:2788}" target="_blank" title="Register for updates">register your interest</a>. You can also follow us on <a href="https://twitter.com/BromfordHomes" target="_blank" title="Bromford Homes Twitter">Twitter</a> and on Facebook.<br /> &nbsp;<br /> * £31,250 represents a minimum 25% share of a one-bed apartment with a market value of £125,000. The deposit, based on a customer borrowing 95%, would be £1,563. The minimum 25% share of a three-bed home would cost £57,500 and the deposit, based on a customer borrowing 95%, would be £2,875.</p> /news/news/2013/july/fortuna-80-plus-milestone/ http://www.bromfordhomes.co.uk/news/news/2013/july/fortuna-80-plus-milestone/ 10 July 2013 Hope for Generation Rent <p>SHARED ownership offers an affordable way out for the fast-growing number of first-time buyers who feel priced out of owning their own home&nbsp;− and trapped in what's become known as Generation Rent.</p> <p>That renewed message of hope from Bev Hall, of Bromford Homes, goes to first-time buyers across central England after the publication of official census figures highlighting a huge increase in the number of people who now rent from a private landlord&nbsp;− up from 1.7 million to 3.6 million over the ten years from 2001.</p> <p>The problem is so acute that some first-time buyers could face a wait of 10 years or longer until they can save enough for a deposit, according to housing charity Shelter&nbsp;− and some aspiring homeowners fear they may never see their dream come true.</p> <p>"Many of them face being forced to live at home with their parents or now belong to what's commonly called Generation Rent," says Bev, Sales and Marketing Director at Bromford Homes.</p> <p><img width="444" height="185" src="/media/184520/bev_hall_large_news_slider_444x185.jpg" alt="Bev Hall on HomeBuy"/></p> <p>"These latest census figures from the Office of National Statistics highlight the plight of people who work hard and save each month but feel that home ownership is only a distant dream. So many of them are now forced to rent homes from private landlords and yet we know that many of them would prefer to buy.</p> <p>"Well, <a href="/{localLink:1446}" target="_blank" title="Shared ownership">shared ownership</a> could turn what seems like a distant dream into a very true reality. Instead of buying outright, you buy between 25% and 75% of a new Bromford home and pay low rent on the remaining share.</p> <p>"It's as easy as that - and because you are talking about a lower purchase price of as little as £30,625*&nbsp;− using our <a href="/{localLink:3052}" target="_blank" title="Larks Rise">Larks Rise</a> development in Coventry as an example&nbsp;− the deposit is typically much lower too.</p> <p>"We can't pretend it's the answer for everyone&nbsp;− but you've only got to look at the amazing take-up by first-time buyers at Larks Rise, where we've <a href="/{localLink:3652}" target="_blank" title="SO Coventry &amp; Warks">sold more than two-thirds of our homes</a> in a matter of months, to see that it does offer a truly affordable way of getting onto the property ladder."</p> <p>The just-published census figures reveal that the number of people renting from private landlords in England and Wales rose by 1.7 million to 3.6 million in the ten years from 2001 to 2011. At the same time, the number people aged 25-34 who own their own home fell from two million to 1.4 million. That means by 2011, just 40% of people in that age bracket were home-owners and the overall level of home ownership was just 64%&nbsp;− the lowest since the mid-80s.<br /> &nbsp;<br /> ** £30,625 would buy a minimum 25% share of a two-bed house with a full market value of £122,500. A minimum deposit of £1,532 assumes a 95% mortgage on that minimum share</p> /news/news/2013/july/hope-for-generation-rent/ http://www.bromfordhomes.co.uk/news/news/2013/july/hope-for-generation-rent/ 04 July 2013 Rugby last chance <p>RUGBY'S first-time buyers have just one chance left to say "yes" to our great <a href="/{localLink:1446}" target="_blank" title="Shared ownership">part-buy</a> deal at <a href="/{localLink:3070}" target="_blank" title="Oaklands">Oaklands</a>&nbsp;− and get on to the property ladder for as little as £33,750*.</p> <p>That's enough to secure a minimum 25% share of the remaining two-bed Sanderling house with a deposit that could be as low as £1,688*.</p> <p>It's affordable prices like this that have made it possible for aspiring buyers to snap up eight of the nine homes that make up the first release at Oaklands and transform their ownership dreams into reality.</p> <p>Now the clock is ticking and Bromford Homes Head of Sales Alan Bradley is confident that it won't be long before the last first-release house&nbsp;− built for us by premier developer David Wilson Homes&nbsp;− is reserved as well.</p> <p>He urges would-be buyers to be quick or risk missing out. "Our great part-buy deal really does make th