WITH the chance to receive £10,000 towards the deposit on a new home in Elford, renters may wonder why rent when they could buy.
Elan Homes is offering a deposit boost on the final new homes at its Seven Acres development in Elford.
Elan regional sales director Tracey Ball said: “For those thinking of buying their first home, now could be the time to make a move. Interest rates have improved and competition between lenders means there’s a greater choice of mortgage products available. Our new homes in Elford are highly energy efficient, making them eligible to be purchased using green mortgages, which can offer more competitive rates. Plus, with the offer of deposit boost, those who’ve been saving for a home of their own could find they’re able to buy sooner than they expected.
“We’ve introduced the scheme because we understand that the cost of living, including rising rents, can make it difficult to save. It has the potential to make a life-changing difference to buyers as it could give them access better mortgage rates, usually reserved for those with more substantial savings, and lower their monthly mortgage repayments. Buyers can use the mortgage checker on our website to help work out how much they could borrow and how much their repayments would be without affecting their credit score.”
The homes available at Seven Acres include a first floor two-bedroom Banbury style apartment, priced from £199,995; two-bedroom Beeston as either a terraced or semi-detached home, priced from £269,995 and a three-bedroom terraced Howden, priced from £299,995.
All of the properties are ready to move into and are Stamp Duty exempt for first time buyers.
Designed to maximise the potential of its footprint, the Beeston features a spacious lounge to the front; combined kitchen and dining room to the rear with easy access to the garden; plus, a cloakroom.
Upstairs there are two bedrooms, plus a bathroom.
In the Howden, the kitchen is at the front, with an open plan living and dining room at the rear, with French doors opening onto the garden. There’s also a convenient cloakroom.
Upstairs there are three bedrooms and a bathroom.
Elan’s homes achieve a minimum Energy Performance Certificate rating of B, making them cheaper to run than most older properties. This also means they’re eligible for green mortgages from selected lenders.
The new homes at Seven Acres enjoy an idyllic village setting, close to the River Tame.
It makes a great base for commuters as the homes are just four miles from the A38, and seven miles from the M6 toll road. Trent Valley Station is only four miles away providing links to Birmingham New Street and London Euston.
To find out how deposit boost could help you buy a new home in Elford, see www.elan-homes.co.uk/developments/seven-acres.