SmartNewHomes

An unmissable opportunity could provide the means for buyers to make a move to Elan's new development in North Cornelly.

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  • Through the house builder's Elan Buy help scheme, homebuyers at Cae Ffynnon could own 100 per cent of their home but only pay a deposit of 5 per cent.

    The last remaining home is a three bedroom, semi-detached Thorpe and is available for an initial outlay of just £118,146 (full price £138,995), including carpets. A buyer could purchase the property with a deposit of less than £6,950 thanks to Elan Buy.

    The calculations are simple: pay a 5 per cent deposit, receive a 10 year interest-free loan from Elan Homes for 15 per cent and secure a mortgage on just 80 per cent of the property.

    Andrea Nippe, sales director for Elan Homes in the south, said: "We know how hard it can be to save for a substantial deposit, so we're delighted to be able to offer homebuyers in North Cornelly a lifeline with Elan Buy. It is a great deal and exceptional value. Buyers only need a 5 per cent deposit, but their mortgage is smaller and therefore, potentially, they can get a much better deal on interest rates.

    "With the news recently that the Welsh Government has dropped plans to introduce 95 per cent mortgages through NewBuy Cymru, our incentive could mean the difference between homebuyers securing an affordable mortgage or staying trapped in the rental cycle.

    "Cae Ffynnon has been admired and sought after by buyers in search of a tranquil, rural location. The final home offers a great opportunity for purchasers to become part of this new community."

    The home also offers something extra special for households who are worried about soaring fuel bills and passionate about reducing their carbon footprint as eco friendly features are built into each home. They are both finished to Elan's standard, with fixtures and fittings, including the latest kitchen appliances.

    Cae Ffynnon offers a rural lifestyle with a small selection of local shops and is just four miles from the prestigious seaside resort of Porthcawl, with its golden coast line. Only six miles away is the lively town of Bridgend, which is great for shopping and nightlife, while the nearby Kenfig Nature Reserve and beach boasts beautiful walks and views over the sand dunes.

    Some information contained herein may have changed since it was first published. SmartNewHomes strongly advises you to seek current legal and/or financial advice from a qualified professional.

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