Matt Hale, sales negotiator at Aster talks about the opportunities at the development
“January is typically when people set new goals and envision what could be achieved by the end of year. Aside from losing a few pounds and going on that trip you’ve been promising yourself, wouldn’t it be nice if in December 2018, you could host Christmas from your brand new three-bedroom home?
“We all know that the cost of the average home has gone up and people are being priced out of the market. Affordability is a long-term issue and ‘traditional’ ownership is becoming increasingly unrealistic for some, especially for those who are currently renting from a private landlord.
“This year the dream of homeownership can become a reality in Somerset with Aster’s new shared ownership properties at the Northwalls Grange development in Taunton.
“We have a range of brand new two and three bedroom homes available to buy through shared ownership at the development. Each newly built home benefits from bright living areas and spacious open plan kitchens. The Woodbury Kitchen units are available in a variety of colour palettes including ivory, cashmere and platinum, and have a sleek high gloss finish.
“Upstairs hosts a large double master bedroom situated at the front of the property, with additional rooms that overlook the garden and can be used as second bedrooms, guest rooms, home offices or even a walk-in wardrobe or home gym.
“The development’s grounds have plenty of open space and a play area where children can enjoy the outside within the safety of the Northwalls Grange. For those with green fingers, there are also plans for a new allotments to really enjoy the outdoors.
“These modern new homes require a deposit of just 5% to enter into a shared ownership mortgage, available at most major high-street banks and building societies.
“There are a lot of misconceptions about shared ownership and what it means for the buyer. It doesn’t mean you have to share your home with anyone else, it simply means that you buy a share of a property and pay rent on the part you don’t own.
“Depending on the type of property and the location, you can start off by buying a share as low as 25% and up to 75%, and deposits can be less than £2,000 for a £150,000 home. Simple really, isn’t it?
“You might be thinking that shared ownership doesn’t apply to you, but the schemes are actually available to anyone with a household income of £80,000 or less and who doesn’t already own their own home.
“As well as all this, entering a shared ownership scheme doesn’t affect your flexibility. You own your share of the property so you can sell it at any time. All you need to do is inform us of your plans and we’ll do the rest.
“Shared ownership is a great way to get your foot on the property ladder as owning part of the property means smaller mortgage repayments and a smaller deposit. You can also increase your share of your property over time, through a process called ‘staircasing’, until you become the sole owner.
“Here at Aster, we currently have three schemes in Somerset. Northwalls Grange is the next offer in our on-going mission to make home ownership a reality for everyone, and we have 14 properties currently available on this site.
“So this December, why don’t you host Christmas for your family at your brand new Aster home. Unless of course, you want to avoid the washing up?”
To find out more about Aster’s shared ownership homes visit https://www.buyanasterhome.co.uk/somerset
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