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Shared ownership homes for sale in Lydney16th May 2012
Located close to the Forest of Dean and on the banks of the River Severn, the development is part of an ambitious project to bring a whole range of new homes to the small Gloucestershire town of Lydney. But whilst the area undoubtedly needs more new homes, what it really needs in the current economic climate are more affordable new homes. This is where Bromford Homes, who are one of the country’s leading suppliers of affordable housing can make a real difference with the shared ownership scheme.
Purchasers have a choice of 2 bedroom and 3 bedroom homes - just like the new showhome. The full market price for a two bedroom home starts from £130,000 going up to £159,000 for a larger three bedroom home, making them already competitively priced. But by purchasing through Bromford Homes’ shared ownership scheme, buyers can pay for as little as 25% of the equity now, making a 2 bedroom home cost from just £32,500, bringing it within reach of many who simply cannot afford to buy a new home in the traditional way. There is a monthly charge to pay on the equity which you haven’t bought, but together with your monthly mortgage payments on your share, you will still come out ahead at the end of each month.
Once you have purchased your share, which can range from 25% up to 75% based on what you can afford, you will enjoy all the benefits of owning your own home. You can normally purchase more of the equity at a later date. For purchasers who haven’t yet saved up their 5% deposit - which on a 25% share of a two bedroom home will be around £1,625, Bromford Homes offer a Save and Build scheme, giving you time to save your deposit while they are building your new home.
So if you think its time you got on the housing ladder call in and visit the new showhome and let Bromford Homes show you how.
Oakdale, Par Four Lane, off the A48 Lydney Bypass, Lydney GL15 5GX
Showhome open between 10am & 5pm Thursday to Monday