FIRST TIME buyers priced out of the property market in Oldham are being offered a helping hand with the government’s Shared Ownership scheme, now available on a limited basis at a prestigious new development in Chadderton. Prices start from just £31,500, for a 35% share.
Low-cost home ownership company, Plumlife, is offering for shared ownership sale, four elegant 2 bedroom homes at Oak Mill Chase, part of a desirable new private development of detached and semi-detached homes built by award-winning builders, Countryside Properties.
Shared Ownership is a popular, long-established part buy-part-rent scheme which gives working people earning a household income of under £60,000 per annum the chance to snap up beautiful homes that would otherwise be out of reach.
The scheme allows you to buy a share in a new home – and pay a small rent to Plumlife on the percentage you don’t own. The deposit and monthly payments work out cheaper than if you buy using a conventional mortgage. With Shared Ownership, you’re free to buy more shares in your home in the future if you want to – until eventually, you are the sole owner.
Each of the homes at Oak Mill Chase features light and spacious living spaces, contemporary fitted kitchens with stainless steel oven and hob extractor, crisp modern bathroom, secure off-road parking and private garden at the rear.
The homes are also highly eco-efficient, benefiting from top-notch insulation and energy saving boilers, as well as high-spec double-glazing and PV (Solar) roof panels, making them very inexpensive to heat and maintain
With property prices still way beyond the means of many working people, coupled with the large deposits being demanded by cautious lenders, government-back low cost home ownership schemes such as Shared Ownership, are more popular than ever.
Matthew Harrison, deputy chief executive of Plumlife, said: “We’re getting a lot of interest in this latest development. Many first time buyers want to buy in the area in which they grew up – but until now, have been pessimistic about their chances of being able to do so.
“There are very few desirable alternatives which can compete with this low price bracket, and what little there is, tends to centre around older, more traditional homes which need up-grading. But these don’t tend to appeal to new buyers as much these days. Buyers increasingly don’t want to spend a fortune doing a place up, and nor do they want to pay out on large utility bills. New homes are much more energy efficient, saving people hundreds of pounds per year on gas and electricity. It’s a massive part of their appeal.”
To help people find that all important mortgage, Plumlife also offers eligible buyers access to free, impartial mortgage advice from a panel of financial advisers.
The Oak Mill Chase show home will be launching this Saturday 25 February from 11am until 4pm.
Further details are available from the Plumlife Sales Team on 0161 447 5050 or visit the website: www.plumlife.co.uk
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