Local housebuilder Larkfleet Homes is giving hard-pressed homebuyers a welcome boost by offering the government’s new Help to Buy scheme on its developments in Bourne and Deeping St James.
With the new scheme, after homebuyers have provided a five per cent deposit and obtained a conventional mortgage for just 75 per cent of the purchase price, they will receive an equity loan from the government for the remaining 20 per cent (subject to approval).
The equity loan is interest free for five years and can be repaid at any time or on the sale of the home.
The Help to Buy scheme is different to other government schemes as it is not just available to first-time buyers.
Current homeowners selling to buy a new home can also benefit from the scheme. There is no cap on household income in order to be eligible and no restriction on the number of bedrooms a property may have.
The Help to Buy scheme is available on properties at Larkfleet’s Abbeyfields development in Bourne and The Coppice development in Deeping St James.
Solar photovoltatic panels will be fitted as standard to every property constructed at The Coppice, and to selected properties at Abbeyfields, so homebuyers can benefit from reduced energy bills.
Visit www.larkfleethomes.co.uk, or call 01778 391550 for more information.