Shared Ownership sales success at Foxglove Meadows…

fairlakeliving is delighted to announce the first two sales of its brand new shared ownership homes at Foxglove Meadows, Newport! 

Situated on the superb new 200-home Barratt site next to the award winning Newport High School, the homes have been bought by local first time buyers on fairlakeliving’s NEW 50/50 shared ownership scheme. A further 10 shared ownership homes are currently available, and further reservations are expected shortly. Charter is also offering 18 high quality homes for intermediate and social rent on the site.

 “After so much hard work creating a shared ownership product that doesn’t need grant funding from WAG, I’m delighted to see the first purchasers moving into their new homes,” comments Fairlake’s Director, Darrell Bolton.

 Also known as part buy/part rent, shared ownership offers a genuinely affordable option for home-buyers who would otherwise struggle to get on to the property ladder. With 2 beds at Foxglove Meadows priced at just £67,500 for a 50% share, and 3 beds at £75,000 for a 50% share, interest has been high. Combined monthly mortgage and rent payments are typically in the region of £560/month for a 2 bed home, and £620/month for a 3 bed home, making shared ownership a real alternative to renting in the open market. Owners can buy out the remaining share of their home when they are able to do so.

If you are interested in home ownership but thought it was out of your reach, or if you simply want to find out more about our great shared ownership scheme, why not call Caroline Gillings in the fairlakeliving sales team on 01633 233876?

 inside the fairlakeliving showhome