Plumlife News

Management accountant, Louise Blissett (29), was struggling to get her foot on the property ladder in Trafford – until she discovered Shared Ownership.

After saving for a deposit with her boyfriend, the two unfortunately parted ways and her savings alone were not enough for a deposit. However Louise was determined not to resort to renting, where she knew the high prices in the area would drain her savings. After a few weeks staying with friends, she attended the First Time Buyer Show, where she found Plumlife.

“Plumlife was the last stall I visited at the show, and when the sales advisor, Simon, told me about the Acorns I couldn’t believe it. I have always lived and worked in Trafford and the development was fantastic – such a peaceful, pretty place to live… and within my budget! From then on I had my heart set on the apartment. I rang every week religiously until they went up for sale, just so Simon wouldn’t forget me!

“It was everything I was looking for – around £100k, the perfect size, economical, safe and close to friends and family. Plus, everyone who visits comments on the area – I feel very lucky.”

With help from the government through a Help To Buy ISA, Louise put down £11,000 for a 40% share. “The ISA was great as it really boosted my savings and helped towards solicitors fees, which can be a major cost, particularly as a young first time buyer. Within four months of reserving, the apartment was mine.”

Louise was shocked by the affordability of the apartment, paying just over £400 per month for her mortgage and rent service charges combined. “I don’t think you could get anything else in this area, rented or purchased, for such a reasonable monthly cost. It’s a great option for someone like me who is buying alone for the first time. Because Plumlife are part of a housing association, I felt safe knowing they wouldn’t sell or rent anything for anything other than a reasonable cost. It’s in their best interests to look after you, and the flexibility Shared Ownership offers is perfect if you are unable to afford a property outright.”

Part of leading Manchester housing group, Great Places, Plumlife is dedicated to providing affordable home ownership solutions to residents across the North. The organisation offers highly desirable new homes for sale through Help to Buy schemes, designed to reduce the costs of home ownership by lowering the deposit required by lenders, and keeping monthly repayments down.

“Plumlife literally changed my life. I could have ended up renting for years and losing my savings overnight, as there was nothing else in the area I could afford on my own, despite how hard I’d worked for a deposit. I now have a beautiful home in a peaceful area where the sun shines through my windows all day. I have to pinch myself from time to time and thank my lucky stars for being lucky enough to own my own home as a single person. I’ve never been so happy.”

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