Half of Haslington buyers utilise Help to Buy
HOMEBUYERS in Haslington are achieving their dreams of homeownership with Help to Buy.
To date half of the homes at Vicarage Fields have been purchased using the equity loan scheme.
Prices at the Elan Homes development are below the national average and with the aid of the Government-backed initiative they’re an even more attractive prospect.
Marie Morris, sales director for Elan Homes in the North, explains: “Latest figures from the Office of National Statistics put the average house price at £271,000, but at Vicarage Fields we have homes available for much less than that even without Help to Buy. Factor in the equity loan scheme and the initial outlay for one of our homes is between £53,000 and £103,000 lower than the national average. It’s therefore no surprise that half of our customers have used Help to Buy.”
Prices at Vicarage Fields start from £209,995 or £167,996 with Help to Buy for a three-bedroom Highgate. A four-bedroom Southwold usually costing £267,995 can be purchased for an initial outlay of £211,996 with Help to Buy.
A 20% Help to Buy equity loan from the Government enables purchasers to secure a 75% mortgage with just a 5% deposit.
“The low deposits required under Help to Buy appeal to both first time buyers struggling to save and those who may not have a lot of equity in their current property,” Marie adds.
“The fact that the equity loan is interest free for five years is also a major draw as it makes homeownership easier to afford.”
Properties at Vicarage Fields development enjoy a rural outlook, but with strong commuter links.
Crewe train station is less than 10 minutes’ drive away, putting Chester, Stoke, Manchester, Liverpool and Birmingham within easy reach.
Buyers will find everything they need to know about the neighbourhood and their new home in their Home User Guide (HUG).
For more information, visit Vicarage open Thursday to Monday from 10am to 5pm, call 0845 250 8680