With lots of space and a central, unique location, a stylish home at the Racecourse Apartments is proving a hard combination to beat. Elan Homes appreciates that times are tough though, so to help homebuyers during the current downturn, the company is offering a number of packages designed to beat the credit crunch, including a fantastic new 75%/25% shared equity scheme.

Elan Homes is helping first time buyers in Chester to rejuvenate their home buying plans through the shared equity scheme, which will essentially see the all-important 25% deposit paid up front by the company. The remaining 75% is then paid by the homebuyer and the 25% equity will be lent on an interest free basis over the next ten years.

“This is a great opportunity for homebuyers in Chester”, says Marie Wilkinson, Sales Director for Elan Homes. “Many potential first time buyers have told us that they are struggling to get a 25% deposit together in order to purchase a property, so the shared equity scheme will really help them out. This, coupled with the fact that they will then be paying a proportionally smaller mortgage, interest free for ten years, will vastly improve their chances of mortgage approval from the bank.”

This flagship Racecourse development has been designed by local architects, using products, which are in keeping with the environment. A mixture of materials including timber cladding, rendering and facing brickwork creates a contemporary yet traditional look, which is sympathetic to its surroundings.

Inside, all kitchens and bathrooms are fitted with the highest quality SMEG appliances and finer details include heated towel rails and mirrored vanity units.

The Racecourse apartments are situated within close proximity to the city centre. The show apartment attracts a lot of interest from young professionals and couples but the development would be equally suited to those requiring a second home in the city – especially if they are keen on the racing, as the development offers spacious homes in the unique environment of one of the UK’s major racecourses.

With the shared equity scheme, the prices at the Racecourse Apartments range from an amazing £89,996 for a one-bed apartment to a fantastic £116,996 for a two-bed, which also features two stunning Juliet balconies.

There has never been a better time to get a first foot on the property ladder. For more information on the Racecourse Apartments, or to register your interest, call The Racecourse Apartments’ marketing suite on 01244 317 970, or visit www.elan-homes.co.uk. The scheme is located on Saddlery Way off New Crane Street, Chester, CH1 2LY.

 The shared equity scheme is subject to Elan Homes terms and conditions and details are available upon request.
 

Thursday, Mar 19, 2009