Deposit boost scheme launched for Glastonbury home buyers

With the initiative entering its final phase, prospective buyers are encouraged to seize this opportunity.


By Laura Linham

2nd Feb 2024 | Property News


The Russett Special is among the final homes available at Avalon, Glastonbury
The Russett Special is among the final homes available at Avalon, Glastonbury

Elan Homes is enhancing the home-buying experience in Glastonbury with a deposit boost scheme, offering up to £10,000 towards the deposits on selected properties within its sought-after Avalon development.

With the initiative entering its final phase, prospective buyers are encouraged to seize this opportunity.

Tracey Ball, Regional Sales Director, shared insights into the scheme: "Acknowledging the current economic challenges, we've introduced a deposit boost to assist buyers in stretching their budgets further. This scheme not only facilitates access to more favorable mortgage rates but also contributes to reducing monthly payments."

Elan Homes highlights the energy efficiency of their properties, making them eligible for green mortgages, which may offer more attractive terms compared to traditional loans.

The company provides a mortgage checker tool on its website, allowing potential buyers to estimate borrowing capacities and repayment amounts without impacting credit scores.

Featured within the scheme is the Broughton, a four-bedroom, double-fronted detached home encompassing 1,502 sq ft, with a starting price of £465,000. The home boasts a well-designed layout, including a lounge, dining room, a kitchen-family room combo with garden access, a utility room, study, cloakroom, and four spacious bedrooms, two featuring en-suites.

Also available is the Russett Special, a three-bedroom detached home priced from £380,000.

This property offers an open-plan kitchen, dining, and family area, a separate lounge with garden access, a versatile room suitable for various uses, and three bathrooms, addressing the needs of modern families.

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