CHANCE TO LOWER THE COST OF LIVING IN A NEW HOME IN WORCESTERSHIRE

HOMEBUYERS in Worcestershire could find their money goes further with help from Elan Homes.

While separate research from Rightmove and Barclays suggests the gap between different rungs on the housing ladder is widening with people taking out larger mortgages as a result, the homebuilder is offering to bridge that gap with the aid of a deposit boost, available on selected new homes at Sandbourne Gardens in Bewdley.

It could make a real difference to buyers’ budgets, increasing their options and giving them the power to move to a home that better suits their needs.

Head of sales at Elan Homes Midlands Julie Johnson said: “Bewdley is somewhere people aspire to live and we’re helping make that dream easier to afford. The size of your deposit is an important factor when choosing a home, which is why we’ve introduced deposit boost. Crucially it’s not just for first time buyers.

 “We understand that life doesn’t stand still and other purchasers may need to boost their finances to help keep their mortgage repayments low. They could perhaps be looking to buy their second or third property and perhaps not have as much equity as they’d like in the home they’re moving from. Or they could be starting over after a divorce or other major life change and have had to share the equity with a previous partner. Whatever your reasons for moving, a contribution towards your deposit could help boost your borrowing power, helping your money go further.”

Sandbourne Gardens, located on Stourport Road, offers a good choice of two, three, four and five-bedroom homes.

Current prices start from £299,995 for a two-bedroom Sutton Special. A 5% deposit boost on this house type is potentially worth around £15,000.

The Sutton Special offers 761 sq ft of thoughtfully planned accommodation.

The lounge is at the front, with combined kitchen and dining room opening out to the rear garden. There’s also a convenient cloakroom.

Upstairs, there are two bedrooms, one with en-suite, plus a family bathroom.

Elan’s new homes in Bewdley are among some of the most energy efficient available. They include air source heat pumps to power heating and hot water, with underfloor heating to the ground floor.

Every home will have an electric vehicle charging point.

“The energy efficiency of our new homes in Bewdley means they can potentially be purchased with green mortgages. These tend to offer better rates, the lender may offer cash back or buyers could find they’re able to borrow more because their bills are lower,” Julie added.

For those who don’t need help with raising a deposit but could benefit from support selling their existing home, Elan has a range of selling schemes and incentives available to help.

Part exchange effectively sees the homebuilder act as guaranteed cash buyer for the customer’s property and is a great option for those moving up the housing ladder.

For downsizers, EasyMove could be the key to selling up and moving on. Elan enlists trusted local agents to sell on behalf of the homeowner. Importantly Elan pick up the tab for the agents fees, offering another saving.

A picture postcard town, Bewdley offers everything from a steam railway and safari park to a café culture, good schools and independent shops. Plus, it’s commutable to Worcester in around 30 minutes or to Birmingham in less than an hour by road or rail via nearby Kidderminster station.

Find out more, with a visit to Sandbourne Gardens, open Thursday to Monday from 10am to 5pm or see www.elan-homes.co.uk/developments/sandbourne-gardens for the latest availability and pricing.