New initiatives for first time buyers in Dorchester

Prospects for those hoping to own their own home in Dorset just got better. Bellway Wessex has announced that its stunning Little Keep Gate development in Dorchester now offers you a chance to own a 50 per cent share in some of its properties for under £600 a month.

Buying your own home is therefore very much within the grasp of those struggling to own a first home: you could pay just £89,000 for a half share in a two bedroom apartment (full price: £178,000). This means that you pay just £567.37 per month in mortgage and rent on this shared ownership property, through the Bellway Housing Trust in association with West Dorset District Council.

Once you have moved in, those buying at the 25% minimum entry point can increase the share of the property owned (this is known as ‘stair-casing up’) to a maximum of 80 percent share of the property, depending on your financial status. When you come to sell, you gain the relevant percentage of the market price of the property.

Little Keep Gate and the new deal from Bellway means that the dream of living in prestigious Dorchester can now become a reality for many more people. Available to buy on the shared ownership scheme are a selection of one bedroom apartments and two bedroom apartments. The entire development, when complete will comprise a range of 55 new homes, all with allocated parking.

Bellway Wessex Sales Director, Sandra Barton, says: “Every home at Little Keep Gate comes with a parking space, a fantastic fitted kitchen and wardrobes in the master bedroom - so they really feel luxurious. We are delighted that we can help first time buyers by making these properties available through our shared ownership scheme”.

At under £600 per month, why rent when you could buy? For details of the shared ownership scheme and all other sales, the Little Keep Gate sales office is open Saturday - Wednesday 10am to 5pm or Sunday 10am- 3pm.

Prices for one bed apartments start at £140,000 and two bedroom houses start at £179,500. For details of the properties visit Bellway.co.uk.