EQUITY LOAN SCHEME NOW AVAILABLE
BUYERS looking for a new home in Thornton could find their money goes further with help from Elan Homes.
Selected properties at Thornton Cross are now available through the ElanBuy shared equity scheme. It makes homeownership more affordable by offering customers the chance to take out an equity loan for up to 20% of the purchase price interest-free for 10 years. They will still own 100% of the property from day one and should only need a relatively small deposit of 5%.
Andrew Robertson, senior sales manager for Elan Homes in the North, explains: “We’ve had lots of interest from people who want and need to move to a home that gives their growing family the space they require and while they are keen to live here, for some, affordability is an issue. With that in mind we’re delighted to be able to offer our ElanBuy scheme, which is a great deal and excellent value.
“It compares favourably against other schemes, including the new Government-backed Help to Buy initiative, as the loan is interest free for up to 10 years. As there’s limited availability under ElanBuy those who want to take advantage should contact is without delay.”
Located in Water Street, Thornton Cross is an intimate development of just 13 properties, each with four bedrooms.
There are now only six homes available and only selected properties are available with ElanBuy.
These include, plot one, the Southold, priced from £249,995 on the open market or an initial outlay of £199,950 with ElanBuy.
The Southwold enjoys an open plan layout with a combined kitchen, breakfast area and family room with French doors that lead out to the garden. The kitchen is equipped with oven, hob, fridge freezer and dishwasher; while the utility comes complete with washing machine.
There’s a separate lounge to the front of the property.
Upstairs, the master bedroom benefits from an en-suite to supplement the family bathroom shared by the remaining three bedrooms.
To find out more about ElanBuy, visit the sales office and show home at Thornton Cross, open Thursday to Monday from 10am to 5pm.
For details of the latest availability and pricing call 0845 250 8684