Equity loan scheme now available in Audenshaw

Buyers looking for a new home in Audenshaw could find their money goes further with help from Elan Homes.

Selected properties at Parklands are now available through the ElanBuy shared equity scheme. It makes homeownership more affordable by offering customers the chance to take out an equity loan for up to 20% of the purchase price interest-free for 10 years. They will still own 100% of the property from day one and should only need a relatively small deposit of 5%.

Andrew Robertson, senior sales manager for Elan Homes in the North, explains: “We’ve had lots of interest from people who want and need to move to a home that gives their growing family the space they require and while they are keen to live here, for some affordability is an issue. With that in mind we’re delighted to be able to offer our ElanBuy scheme, which is a great deal and excellent value. It compares favourably against other schemes, including the new Government-backed Help to Buy initiative, as the loan is interest free for up to 10 years. Several people have already enquired about buying in this way and as there’s limited availability under ElanBuy those who want to take advantage should contact is without delay.”

Among the homes available at Parklands is the four-bedroom Bunbury. It’s available from £249,995 on the open market or for an initial outlay of £199,996 with ElanBuy.

A well designed family home, the Bunbury features an open plan kitchen, dining area and family room. This sociable space is complemented by a separate spacious lounge for quieter moments.

Upstairs the master bedroom benefits from an en-suite, with the remaining three-bedrooms sharing the family bathroom.

Located in Audenshaw Road, Parklands is a development of 17 detached family homes, all with four-bedrooms.

For those who don’t require the help of ElanBuy but have a house of their own to sell, Elan can assist with part exchange

For more information about the homes and the help available see elan-homes.co.uk.