Bromford buyers rush to become Kings of Castle

Published by Michelle Thompson for Bromford Group in Housing and also in Communities

FIRST-TIME buyers are seizing the chance of shared ownership at Bromford Homes' Castle View development with more than a third of the Staffordshire homes reserved in a fortnight.

The fifth HomeBuy customer has already signed up for a house at commuter-friendly Doxey - midway between Stafford and the M6.

That leaves nine of the original 14 shared ownership homes still up for grabs and Bromford Homes Head of Sales (North) Alan Bradley urges buyers to act now if they want their pick of the remaining plots.

“We’re delighted that so many local first-time buyers want to be ‘King or Queen of their own Castle’,” says Alan, “and where else in this part of Staffordshire could they realise their home ownership dream for as little as £31,250* with a deposit that could be as low as £1,563?

"Affordability is a key issue for so many first-time buyers and, with many lenders requiring fairly large deposits, shared ownership really is a great way for people to get into the home-buying market.

“Buyers clearly agree − judging by the really positive response since we launched this development a couple of week ago. We’ve got four confirmed reservations now and every reason to believe that we’ll have more signed up soon.”

He describes the Castle View development of two and three-bedroom houses as "an ideal place for singletons, couples and young families to make their home owning dream come true"and an ideal spot for anyone who doesn't want to live in the heart of a town or city but wants to be close enough to shops and other facilities.

"It's great to see such an enthusiastic take-up of shared ownership homes at a time when the National Housing Federation's Shared Ownership Week is in full swing," says Alan. "It really does reinforce the campaign message that shared ownership is a much-needed affordable option for young people and aspiring homeowners. It's a really great way to get on the housing ladder."

* £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 per cent mortgage, would be £1,563.

More about Castle View and shared ownership at www.bromfordhomes.co.uk. Follow us on Twitter @BromfordHomes and on Facebook.