Assettrust Housing offers a mortgage-free solution to would-be buyers looking to access the property ladder at Woodlands Quarter, Wakefield
05-10-2009
Assettrust Housing, specialists in shared ownership housing, are offering buyers the opportunity to purchase a brand new one bedroom apartment from as little as £9,369 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 Wakefield development, Woodlands Quarter, located just a mile away from the city centre and within a 20 minute commute to Leeds. Set around a woodland garden, this discrete development comprises 52 one and two bedroom apartments. With fully-fitted kitchens, classic white and chrome bathrooms, laminate flooring in the living rooms and hallways, all the buyer need do is move in.
Prices start from £74,950 for a one bedroom apartment but with a cash share of 12.5% the purchaser can move into their new home from as little as £9,369. Monthly outgoings which would include service charge and rent on the remaining balance of the property, would amount to just £240. This compared to a monthly figure of £482 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 Woodlands Quarter, Assettrust Housing or shared ownership, please contact 0845 373 2436 or visit www.assettrusthousing.com.
For further information please contact:
Alison Blease, Head of Press, AHL, Tel: 0845 013 2272
David Orchin, Sales and Marketing Director, Assettrust Housing, Tel: 0845 013 2463