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Those searching for a brand new home in Lancashire can discover out extra about Own New Rate Reducer at particular occasions being hosted by Elan on March 29/ 30 and April 13/14 at Redwood Gardens, Blackpool.
The homebuilder has partnered with Own New to supply Rate Reducer, a scheme that provides patrons access to decrease rates of interest and decreased month-to-month mortgage repayments through the preliminary mortgage interval.
Marie Morris, gross sales director for Elan Homes within the North, mentioned: “Many people have been delaying buying a home because of interest rates as they want to find the best mortgage deal. By partnering with Own New and offering Rate Reducer we’re helping to make homeownership more affordable. Essentially, we pay a subsidy so that our customers can access lower interest rates and enjoy reduced monthly payments during the initial mortgage period. The scheme is exclusive to new homes and is open to first time buyers and existing homeowners.
“We’re inviting home buyers to join us at our special Own New events to find out more about the scheme and to speak to independent financial advisor who’ll be able to explain how much they could save on their monthly mortgage repayments.”
An Own New Rate Reducer mortgage permits patrons to buy a brand new build home with a decrease rate of interest mortgage. It’s an everyday mortgage, simply with decrease month-to-month funds for the preliminary interval.
Own New works behind the scenes with housebuilders, together with Elan and lenders, to scale back the general cost concerned with mortgage loans on new build properties. Elan will contribute 3-5% of the cost of the mortgage, enabling the lender to supply debtors extra aggressive rates of interest through the preliminary interval of their mortgage, often within the first two to 5 years, relying on the size of the preliminary mortgage time period.
Elan is internet hosting Own New occasions on March 29/30 and April 13/14 at Redwood Gardens, Marton Moss. Located on Moss Hey Road, the properties at Redwood Garden take pleasure in a leafy location, with good native facilities close by. Marton Moss Local Nature Reserve is inside simple attain and helped encourage the décor in our present home. Lytham’s well-known inexperienced is lower than 5 miles away, together with the city’s boutique shops and common eating places. In the opposite course, Blackpool Tower, the Grand Theatre and a bunch of different sights are inside simple attain.
