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Bernice’s story

So Resi case studies

Bernice finds her perfect home - without compromising - through shared ownership 

For Bernice Beke, 34, buying her own home was her ultimate goal. After saving hard for five years, her determination paid off and she could afford a new two-bedroom shared ownership apartment from So Resi by Thames Valley Housing at Avedis in South Ruislip.

Bernice says: “At first, I didn’t think I’d ever be able to afford my own home. I was living in a one-bedroom flat in Shepherd’s Bush, paying an affordable rent, and it was only when I got a new job and my financial situation changed that I could start saving and look to the future.”

When she’d saved enough to start house hunting, Bernice took time to find a home that suited her lifestyle. “I looked at about ten other properties, but none of them came close to Avedis in terms of location, specification, style and convenience,” she says.

The full value of Bernice’s new home is £415,000. She bought a 40% share for £166,000 and put down a deposit of £30,000. Her monthly mortgage repayments are £597 and the monthly So Resi payment is £557, together with a £97 service charge.

“I looked at other schemes to help me buy, but using these I’d only have been able to afford a one-bedroom home,” comments Bernice, adding:

"Shared ownership made a big difference – it meant I could afford a good quality home that’s not only larger but is in an area where I want to live."

Bernice’s new home is just a few miles from her family and her extra bedroom means she can have family and friends to stay, which is very important to her.

For its shared ownership homes, So Resi by Thames Valley Housing looks for high-quality properties in great locations - and Avedis is no exception. Bernice says: “I love the area – it’s close to shops and restaurants, and there’s a new 11-screen Cineworld cinema too. I’ve heard there’s a lido nearby, which is great for summer.”

She concludes: “I’m so glad I made the move. The team at  So Resi were very kind and patient, and helped me every step of the way.”

“Shared ownership is an amazing scheme and I highly recommend it to anyone trying to get on the property ladder. I don’t think it’s right that people can’t live in an area because they’re priced out of the market. Shared ownership has helped me live where I want, close to my family and friends – and I didn’t have to compromise in any aspect.”

 

All the shared ownership homes at Avedis have been sold, but So Resi by Thames Valley Housing offers shared ownership on a selection of resale and new homes across London and the South East. For more information please visit: www.soresi.co.uk or call the sales team on 0208 607 0550 

 

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