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Deposit Boost For Staffordshire Buyers

Posted 29 January 2024 by Helen Christie

Elan Homes is offering a deposit boost for buyers at selected homes at its Staffordshire developments…

Elan Homes is offering to contribute up to £10,000 towards customers’ deposits on selected new homes at Seven Acres in Elford, The Sidings in Lichfield and Dosthill Gate in Tamworth.

Regional sales director Tracey Ball explains: “We understand that the pressures of the cost of living can make it difficult to save for a deposit. With that in mind we’ve introduced a deposit boost scheme. It’s designed to help potential purchasers’ money go further. It could mean they’re able to buy sooner than they anticipated or perhaps a larger, more expensive home. With the aid of deposit boost they may be able to access better mortgage rates, usually reserved for those with more substantial savings, and enjoy lower monthly mortgage repayments. Plus, because our homes are energy efficient, they can be purchased using green mortgages. These are available from selected lenders and in some cases have better interest rates than traditional mortgage products. 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.”

Between the three locations, Elan has a good range of new homes available with deposit boost.

At Seven Acres in Elford, it can be used towards the cost of a two-bedroom Beeston, priced from £269,995, or a three-bedroom Howden, priced from £299,995.

For those looking for a new home in Tamworth, the scheme is being offered at Dosthill Gate on the three-bedroom Thurston Max townhouse, priced from £340,000.

At Elan’s latest development, The Sidings in Lichfield, a gift towards the deposit is available on the two-bedroom Johnson, priced from £330,000.

Tracey adds: “The advantage of buying a new home over an older property is that you won’t inherit the style of a previous owner or their DIY disasters. Instead of having to budget for repairs and renovations, subject to build stage you’ll be able to select from a range of options to make your home your own before moving in. There’s also the potential to save on energy bills as our new homes are highly energy efficient, with modern heating systems and integrated appliances.”

View more developments currently available from Elan Homes


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Featured Developments
Elford, Warwickshire B79
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