Only two-bedroom apartments remain available at the development but because of the shared equity deal for just £103,996, as part of the 80/20 shared equity scheme, which is currently on offer at the development. This low price is possible because the all-important 20% deposit is paid up front by Elan Homes and the homebuyer then pays the remaining 80%, with the 20% equity being lent on an interest free basis over the next ten years.

“I am really not surprised that we have sold 13 out of the 20 apartments at Abacus”, says Stephen Cleveley, sales director for Elan Homes. “It is a fantastic development, set in a bustling Town but with a quiet, country feel to it, so it has the best of both worlds. We have a mixture of purchasers living at the development, from young professionals and commuters to older couples who have chosen to downsize, so there is a great mix of people. We have spoken to a number of residents about the development and many believe that the apartments are well designed, providing plenty of light and space, and many saw the shared equity deal as a real plus, because it meant they didn’t need to get together the all-important deposit up front.”

Only seven two-bedroom apartments remain available at Abacus, so if you would like to take a look around the show apartment or talk to one of Elan Homes’ financial advisors about shared equity, please call 01785 817 275 (Thursday to Monday 10am – 5pm) or go to www.elan-homes.co.uk
 

Monday, Dec 14, 2009