Elan Homes understands that its tough out there for homebuyers, with building societies often demanding deposits from 15% upwards. So, to help homebuyers during the current downturn, Elan Homes has announced that it will be running a shared equity scheme at Secombe Vale in Port Tennant, Swansea, to help people get onto the ladder!

“Buyers will have to be quick though!” Explains Michelle Dare, Sales Director at Elan Homes. “As the scheme only applies to the first six plots at the moment and it’s on a first come first serve basis! We would advise people to come and talk to us, to see how the scheme could benefit them.”

This new 60-home development occupies an enviable location; just a stone’s throw from the new SA1 waterfront development and Amazon Enterprise Park, yet within easy walking distance of Swansea city centre. With the shared equity scheme, the prices at Secombe Vale range from an amazing £96,995 for a one-bed apartment/home.

The scheme allows first time buyers to rejuvenate their home buying plans through the shared equity scheme, which will essentially see the all-important deposit paid up front by the company. The remaining amount is then paid by the homebuyer, on an interest free basis over the next ten years.

“This is a great opportunity for homebuyers”, says Michelle Dare, Sales Director for Elan Homes. “Many potential first time buyers have told us that they are struggling to get a hefty 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.”

There has never been a better time to get a first foot on the property ladder. For more information about Secombe Vale, or to register your interest, call Secombe Vale’s marketing suite on 01792 644 675, or visit www.elan-homes.co.uk. The showhome is open from Thursday until Monday, from 11am until 6pm.

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

Monday, Jun 08, 2009