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Thursday, 28th June 2007

Plum way to get on the ladder

The houses are part of the Ducky Bank development by Bardsley Construction and Plumlife have 17 properties – 11 for shared ownership and six for outright sale – half a dozen have already been reserved.
 
Lisa Westerman, Sales Manager at Plumlife, said: “It has been well documented recently that first time buyers have difficulty purchasing their own property and Salford is no exception.

“At Duchy Bank we have a number of properties for outright sale but for those who need a little extra help, our shared ownership scheme means many more first time buyers now have the chance to secure a foothold on the property ladder.”
 
The offer is open primarily to first-time buyers who currently live in Salford and surrounding areas or have a strong local connection through employment or family and want to buy a house there but have been priced out of the market.

You are going to need a minimum salary of around £12,000 to get the mortgage but you also have to be able to afford to pay all the legal stuff as well.
 
The first properties will be completed in September 2007, with the remaining homes completed by January 2008.
 
The shared ownership scheme also gives the opportunity to ‘staircase’ after 12 months, offering the chance to buy the remaining share of the property – either in stages or in a single lump payment.

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For further information, contact: Plumlife - 0161 447 5050 or visit plumlife.co.uk