WITH the chance to reduce the cost of living thanks to the offer of lower rate mortgage options, energy efficiency and ease of maintenance, now is the time to buy a new home in Staffordshire.
Elan Homes is building and selling new homes in Elford, Lichfield and Tamworth. Between the three locations there’s a good range of choice from two-bedroom apartments and houses to substantial family homes.
They’re all potentially available with a lower rate mortgage thanks to Elan’s partnership with Own New to offer the Rate Reducer scheme.
Lower rate mortgages
Elan regional sales director Tracey Ball said: “The cost of living is perhaps one of the key factors people consider when they’re looking to move, after location. Lots of lenders are offering lower rate mortgage products and to help buyers compare mortgages without affecting their credit score we have a mortgage checker on our website.
“We can also put people wondering is now a good time to buy a house in touch with independent financial advisors who’ll be able to guide them through their options including Own New Rate Reducer. Exclusive to new build homes, it gives buyers access to lower rate mortgages for the initial mortgage period, meaning lower monthly repayments. Own New could enable people to buy sooner than they thought or to purchase a larger home they can grow into rather than out of.”
How Own New Rate Reducer Works
Own New works behind the scenes with housebuilders, including Elan and lenders, to reduce the overall cost involved with mortgage loans on new build properties.
Elan will contribute 3-5% of the cost of the mortgage, enabling the lender to offer borrowers more competitive interest rates during the initial period of their mortgage, usually in the first two to five years, depending on the length of the initial mortgage term.
Lower energy bills
All of Elan’s homes achieve a minimum Energy Performance Certificate rating of B, making them among the most efficient available.
Research by the Home Builders Federation suggests that those who move from an older house to a new one, could save almost £2,200 a year on their energy bills
“Because our homes are so energy efficient, typically scoring a B rating, they’re eligible to be purchased with Green Mortgages,” Tracey explained.
“These can offer more favourable rates or enhanced affordability, meaning buyers can borrow more, as with lower energy bills should then free up extra funds towards monthly mortgage repayments.”
Tracey added: “One of the things that sets new homes apart from their older equivalent is you won’t need to budget for repairs or renovations. As soon as your home is build complete and the legal formalities complete, you can move in and start enjoying life.”
New homes for sale in Staffordshire
- At Seven Acres in Elford the final homes are now on sale – a two-bedroom Beeston, priced from £255,000, and a three-bedroom Howden, available from £285,000. They’re both build complete and ready to move into. Elan’s new homes in Elford enjoy an idyllic village setting, close to the River Tame and just four miles from the A38 or Trent Valley Station, for links to Birmingham New Street and London Euston.
- Dosthill Gate in Tamworth offers a selection of two, three and four-bedroom homes, including some designs set out over three floors. Current prices range from £299,995 for a three-bedroom Thurston Max or Brocton style property, up to £475,000 for the four-bedroom detached, professionally styled Woodhall show home. There are primary and secondary schools around a mile away. Dosthill Park Local Nature Reserve offers somewhere close to home to enjoy the outdoors and includes a children’s play area. Shops and restaurants are around two miles away at Ventura Retail Park. Nearby Wilnecote train station offers links to Birmingham New Street and Nottingham.
- At The Sidings in Lichfield Elan has converted an existing building to provide a choice of two-bedroom apartments, and created new build two and three-bedroom houses. Prices range from £324,995 for a two-bedroom Johnson style home, with apartments available from £385,000. As the development name suggests, the homes are being built close to the Birmingham Cross City railway line. Lichfield City and Lichfield Trent Valley stations are within easy reach, making the development an ideal commuter base, plus the amenities of Lichfield city centre are just a five-minute walk away.
To explore where Elan is building new homes in Staffordshire and beyond see https://www.elan-homes.co.uk.
