Househunters in West London are finding that affordable homes in the area are easier to get hold of after the launch of a shared ownership scheme in Bracknell.

Developer Taylor Wimpey has allocated ten properties at The Parks to the HomeBuy Direct scheme, which helps first-time buyers and those earning less than £60,000 the chance to own 100 per cent of their new home.

Regional sales and marketing director at Taylor Wimpey Tim Betts says the scheme is designed to overcome the hurdles of high mortgage costs and larger deposits.

"There are ten homes available through the scheme at the site and we anticipate that interest for them will be high," he added.

Bracknell is described as a popular and vibrant area to live, with a pedestrianised shopping centre, good transport links and well-reputed local schools nearby.

Taylor Wimpey recently predicted an optimistic future for the UK's struggling housing market, reporting "robust" sales for the first quarter of 2009.

Source: Direct News 1/5/09