HomeBuy offers hope for Henley's first-time buyers
Published by David Faers for Bromford Group in Housing and also in Communities
WOULD-BE homebuyers can realise the dream of home ownership in one of Warwickshire's most desirable market towns at a dream price.
They can get on to the property ladder at Farriers Cross, Henley-in-Arden, for as little as £87,750* with Bromford Homes. That's enough to buy a typical 45% share of a three-bedroom house through Bromford's HomeBuy shared ownership scheme −and the deposit could be as little as £4,388*.
Prices like that make home ownership really affordable for local first-time buyers and other people who can't afford to buy on the open market, according to Trish Foster, of Bromford Homes.
"These are dream homes at dream prices in the heart of one of Warwickshire's most historic and sought-after small towns," says the Bromford Homes Head of Sales for Warwickshire.
"Just six of these high-quality new homes are on the market through the HomeBuy shared ownership scheme. They're just right for young people who want to buy their own home in a really desirable area but cannot afford the five or ten per cent deposit and the mortgage repayments needed to buy outright."
She describes shared ownership as one of the property world's best-kept secrets − and highlights how HomeBuy has helped hundreds of first-time buyers to realise their dream.
"With many lenders requiring fairly large deposits and credit so tight, many first-time buyers believe that owning their home is an impossible dream. Shared ownership has made that dream a reality for many hundreds of people. It's a great way to get into the home-buying market," she says.
"Aspiring homeowners can buy up to 75 per cent and pay rent on their remaining share. We do everything we can to make sure that the deal is truly affordable for buyers. At the end of the day, buyers get a brand new energy-efficient home built for ease of maintenance at a really affordable price."
Farriers Cross is just a five-minute walk from the centre of town and the homes feature a wealth of delightful architectural details that reflect the picture postcard character of the mile-long high street, with 150 buildings that are listed as being of special architectural or historic interest.
* £87,750 would buy a 45% share of a three-bedroom home at Farriers Cross with a full asking price of £195,000. The deposit figure of £4,388 is based on a 95% mortgage. Shared ownership buyers can purchase between 25% and 75%. Monthly rent and service charges also apply.
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