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FAMILIES in Greater Manchester could find that their money goes further and they’re able to afford a bigger, better brand new home with Help to Buy.

Available on all new homes at Parklands in Audenshaw, Help to Buy reduces the initial cost of homeownership thanks to the offer of an equity loan for up to 20% of the property price.

The Government-backed scheme isn’t just open to first time buyers but can be used by other purchasers too, including families in need of extra space.

Marie Morris, sales director for Elan Homes in the North, explains: “Land Registry figures show that average house prices in Tameside are the second lowest of the 10 local authority areas in Greater Manchester. Then, when you factor in the benefits of buying with Help to Buy it’s plain to see that our new homes at Parklands offer an attractive prospect. Not only does the equity loan make them easier to afford, they offer a great alternative to older properties that although may be cheaper are likely to need time and money investing in them to bring them up to the same high standard we offer.”

Parklands features four-bedroom detached homes in a choice of styles, with prices from £249,995.

With Help to Buy the initial outlay required could be reduced by almost £50,000 to £199,996. The lower price includes a 5% deposit of £12,500 and a mortgage for £187,496, which is 75% of the full market value. 

The remaining 20% is covered by an equity loan from the Government, which is interest free for five years. It can be repaid at any time during the mortgage period or when the customer resells.

All of the homes at Parklands will be finished to a high standard including quality fitted kitchen with built-in oven and hob plus contemporary family bathroom and en-suite to master bedroom with a choice of wall tiles.

Residents of Parklands will find there’s plenty to do close to home – from canal-side walks to a round of golf; while the bright city lights of Manchester are only five miles away with a an indoor ski slope, thriving nightlife, bars and restaurants. Or if you want to explore the great outdoors, the Peak District is only 10 miles away.

The city is only a 10 minute train journey from Fairfield station. A new Metrolink stop is now open in nearby Droylsden, with a stop in Audenshaw due to become operational later this year, further improving the already strong transport links that also include easy access to the motorway network.

The show homes at Parklands are open Thursday to Monday from 10am to 5pm.

For details of the latest availability and pricing call 0845 250 8676