News story published on 21 April 2016
With reports just out that house prices have jumped to a new record high, many local people are finding that they are simply being priced out of the housing market.
However, we're releasing a range of two, three and four-bedroom shared ownership homes, located close to the centre of the historic market town of Oundle.
With shares starting from £78,000, buyers can purchase at a level that suits their budget. They pay a low monthly fee on the bit they don’t buy, meaning that their outgoings are around the same, or less than renting. In the future they have the choice to purchase more shares until they own their home outright, or, if they need to move on, they can simply sell their share for its market value at the time.
Cross Keys Homes’ Sales Manager, John Purcell, said: “We have joined forces with both Kier Living and Grace Homes to offer a range of homes on this lovely new development.
“Shared ownership is becoming more and more popular across the country, because it really works as a positive way to escape the rental trap. You don’t need a very high income or a big deposit, as the share purchased is tailored to what the customer can afford.
“We have already helped hundreds of people buy their homes this way and have an ambitious programme to build more and more across the region, because we know the demand is there for a more accessible and manageable way to own and invest for the future.”
Sophie Taylor, who bought her home through us last year, sums it up nicely: “Having looked into buying outright, I found that it was impossible. I was renting and it is fantastic to now own a place of my own. Shared ownership is the best thing I’ve ever done.”
For more information about buying a shared ownership home, you can visit www.crosskeyshomes.co.uk/sharedownership or call the team on 01733 396406.