Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

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Bidford Leys | Bromford, 2 bed homes


Bidford on Avon, Alcester, Stratford-on-Avon, B50 4GS

Shared ownership

Starting prices

40% share from
£92,000
Full price
£230,000
Minimum deposit
£4,600
Monthly rent
£316
Monthly service charge
£16

Overview

£500 contribution towards your legal fees!  

Bromford will contribute £500 towards your legal fees on your new shared ownership home at Bidford Leys when you reserve on or after 1 September 2020, followed by legal completion before or on 31 October 2020.*

These beautifully designed two and three bedroom homes all have stylish fitted kitchens with built-in oven, hob and extractor hood, modern bathroom, double glazing and high performance insulation, gas fired central heating, great storage, allocated parking spaces and turfed rear gardens.

 

 *Bromford will contribute £500 towards your legal fees on your new shared ownership home at Bidford Leys when you reserve on or after 1 September 2020, followed by legal completion before or on 31 October 2020. Offer applies to selected plots. For full terms and conditions, visit our website www.bromford.co.uk/tsandcs or ask our sales consultant for details.


Local area information

Sitting in the heart of Shakespeare country, your new home is just a 10 minute drive from beautiful Stratford-upon-Avon and a stone's throw from the glorious Cotswolds ensuring that Bidford Leys is perfectly placed to take advantage of all that this lovely part of the world has to offer.

The historic village high street with its variety of shops, pubs and restaurants is around a mile away from Bidford Leys. The village is also home to a nursery and primary school, Alcester Academy (for 11-16 year-olds) is a little further afield and higher education opportunities can be found in a number of surrounding areas including Stratford, Pershore and Evesham.

The charming village of Bidford-on-Avon sits on the River Avon and the 26 acre 'Big Meadow' offers the perfect space for all the family to enjoy the great outdoors. With play areas and walks you're bound to find the ideal spot to enjoy a picnic whilst taking in the wonderful riverside views.

Evesham and Stratford train stations, with their links to London, Worcester, Oxford and beyond are both less than nine miles from your home. Add in good road links via the A46, A44, M5 and M40 and you can see that Bidford Leys is the perfect location if you need to commute but are looking to make the most of everything that village life has to offer.


Plot availability

Plot number 85
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £92,000
Full market price £230,000
Monthly rent £316
Monthly service charge £16
Ownership Leasehold
  • Fitted kitchen with built-in oven, hob and extractor hood
  • Living / dining room with door to rear garden
  • Downstairs cloakroom
  • Under-stairs store cupboard
  • Two double bedrooms
  • Well appointed bathroom
  • Gas central heating
  • Double glazing
  • Allocated parking
  • Turfed rear garden

FAQ's

Min share price from: £92,000 for a 40% share
Full price from: £230,000
Minimum deposit from: £4,600
Monthly rent from: £316
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £92,000 for a 40% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

Yes, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Bromford
Shared ownership

Starting prices

40% share from
£92,000
Full price
£230,000
Minimum deposit
£4,600
Monthly rent
£316
Monthly service charge
£16