80/20 shared equity is available on the remaining four houses and 13 one and two-bedroom apartments at St James’s Court. The Brierley is a stunning one-bedroom apartment, with a modern open-plan layout. The kitchen and bathroom are contemporary in design, featuring all of the latest fixtures and fittings. Priced at £84,995 for the one-bedroom apartments and £99,950 for the two-bedroom apartments, homes at St James’s Court represent excellent value for money. As part of the 80/20 shared equity deal, the price is reduced to an amazing £67,996 for the on-bed and £79,960 for the two-bed.

Stephen Cleveley, sales director at Elan Homes says: “The 80/20 shared equity deal has been particularly popular at all of our developments and there is still a great deal of demand out there for the product. The apartments and houses at the St James’s Court are stunning so it’s not surprising that they are catching the eye of potential homebuyers in the area.

“Many people, especially first time buyers, have struggled to afford the deposit required to purchase their new home, so Elan Homes is really pleased to have been in a position to offer this shared equity package and in doing so, help people to get onto the all-important property ladder. Because of the shared equity deal, a one-bedroom Brierley apartment at St James’s Court works out at as little as £261 per month on a repayment mortgage. This low price is possible because 20% of the deposit is paid up front by Elan Homes and the homebuyer then pays the remaining 5% deposit then borrows 75% with the 20% equity being lent on an interest free basis over the next ten years.”
 

Wednesday, Dec 09, 2009