Assettrust Housing offers a mortgage-free solution to would-be buyers looking to access the property ladder; at b-central - Bournemouth.
18-10-2008
Assettrust Housing, specialists in shared ownership housing, are offering buyers the opportunity to purchase a brand new 2 bedroom apartment from as little as £21,244, and remain mortgage free.
David Orchin, Sales and Marketing Director at Assettrust Housing explains, “Many would-be buyers have saved for their deposits, but securing mortgage finance at competitive rates remains difficult - particularly for first-time buyers. By purchasing a cash share of 12.5%, the buyer can either decide to remain mortgage-free, or when rates become less punitive, staircase up and buy a larger share in their property.”
This offer applies to Assettrust Housing’s landmark development, b-central which is located in the heart of Bournemouth's town centre and just a ten minute walk away from the beach. The development itself comprises 65 one, two and three bedroom airy apartments, many with large, private terraces and sea views and all with secure car parking.
Prices start at £169,950 but with a cash share of 12.5% the purchaser can move into their new home from as little as £21,244. Monthly outgoings which would include service charge and rent on the remaining balance of the property, would amount to just £546. This compared to a monthly figure of £1,073 if the same property were bought outright.
Orchin again, “Since its introduction in the 1990s when it was backed by the Government as a practical solution to helping people access the property market, shared ownership has been growing in popularity. But with competitive mortgage finance in short supply, this latest offer by Assettrust Housing provides a simple, mortgage-free solution for anyone looking to get onto the property ladder now.”
For further information about b-central, Assettrust Housing or shared ownership, please contact 0845 373 2440 or visit www.assettrusthousing.com.
For further information please contact:
Alison Blease, Head of Press, Assettrust Housing Limited, Tel: 0845 013 2272