“The scheme sees a 25% deposit paid up front by Elan Homes”, says Andrew. “The homebuyer then pays the remaining 75%, with the 25% equity being lent on an interest free basis over the next ten years. There is a slight difference, which has come into play in the last couple of weeks however, whereby purchasers are now required to put a percentage of the 75% forward as a deposit too. Elan Homes requires just 5% of this amount, compared to a more common rate of 15% if not purchasing through a shared equity scheme. This means that Mill View is one of the only places where you can get a 95% mortgage on a new home, which is obviously an attractive offer for those looking to get onto the property ladder.”

“Shared equity is a great opportunity for homebuyers”, says Marie Wilkinson, sales director for Elan Homes. “We hope that those looking for a property in Bury will come along to the Mill View show home, take a look around and discuss their options with our sales advisor, in order to understand what a great opportunity this is to purchase a new home.”

The Mill View development is made up of beautiful two, three and four bedroom homes and is situated on the edge of town, with far reaching views across the River Roch and beyond. The townhouses offer well-planned accommodation comprising an entrance hall, downstairs cloakroom, spacious family lounge and stunning kitchen, featuring all of the latest fixtures, fittings and appliances.

Wednesday, Sep 30, 2009