ELAN GUARANTEES TO HELP TARPORLEY HOME BUYERS
ENJOYING a prime location and a high specification, plus with the offer of an equity loan towards the cost, new homes in Tarporley have the edge over older equivalents.
Factor in the ease of living and energy efficient measures and it’s no surprise that people are warming to the idea of moving to a brand new home like those at The Birches.
The good news for those who are considering moving to one of the four and five-bedroom properties is that Elan Homes is continuing to offer the Government-backed equity loan scheme.
It’s available on homes priced under £600,000 and both first time buyers and those making their next move on the housing ladder are eligible for the valuable assistance.
Marie Morris, sales director for Elan Homes in the North, explains: “Over the last three years more than 185,000 people nationwide have used Help to Buy equity loans to reduce the initial cost of owning a brand new home, but there’s still some confusion about the scheme.
“Unlike the mortgage guarantee offered under the same banner, the equity loan isn’t ending at the end of the year – there’s still time for buyers to take out an equity loan towards the cost of a brand new home at The Birches. The great thing about the initiative is that it’s not just for those buying their first home, but can be used by other purchasers too such as those who don’t have a lot of equity in the home they want to move from.”
Current prices at The Birches start from £374,995 for a four-bedroom Hardy style home. By taking out an equity loan for £74,999 or 20% of the price, the initial cost reduces to £299,996. The lower price includes a deposit of £18,750 (5%), plus mortgage of £281,246 (75%). Crucially, the equity loan is interest free for five years.
It’s not just the offer of Help to Buy equity loans that sets the homes at The Birches apart:
“When people are considering their finances as they look for a new home there can be hidden extra costs that they may not have budgeted for,” Marie adds.
“For example, if they opt for an older property they may find that they need to spend time and money on home improvements, perhaps replacing the boiler to a more energy efficient one. In contrast our new homes enjoy a high specification including energy efficient heating systems that should mean they’re more economical to run than a similar-sized pre-owned equivalent.
“Stamp duty is also something that’s often overlooked, but we may be able to help cover that cost.”
Situated on the edge of the thriving Cheshire village of Tarporley, The Birches couldn’t be better placed for excellent schools, traditional shopping, fine dining and more. Tarporley offers a traditional rural way of life, with all the style and sophistication you’d expect of a charming Cheshire village, while remaining within easy reach of the cities of Liverpool and Manchester.
The sales office and show home at The Birches are open Thursday to Monday from 10am to 5pm. For more information call 0845 293 8997 or see http://www.elan-homes.co.uk/?developments=the-birches-tarporley