‘HELP TO BUY’ SCHEME PROVES POPULAR WITH LARKFLEET HOMEBUYERS
Figures from local housebuilder Larkfleet Homes (www.larkfleethomes.co.uk) show that the government’s ‘Help to Buy’ scheme is having a major impact on the housing market in Cambridgeshire, Rutland and Lincolnshire.
Larkfleet offers the Help to Buy scheme at its Abbeyfields development in Bourne (Lincolnshire), its Leighfield Park development in Oakham (Rutland) and The Coppice development in Deeping St James (Lincolnshire).
Over the past six months, 45 percent of properties at Leighfield Park, 72 per cent of properties at The Coppice and 66 percent of properties at Abbeyfields have been sold using the Help to Buy scheme.
Larkfleet Homes managing director Karl Hick said: “The figures show that Help to Buy is helping many local first time buyers, and people simply looking for a home with a little more room, to secure their ideal property.”
The Help to Buy scheme allows homebuyers to potentially own 100 per cent of their new home with just a 75 per cent mortgage and 5 per cent deposit.
With the 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 and there is no cap on household income in order to be eligible. Furthermore, there is no restriction on the number of bedrooms a property may have, so in theory a single person could purchase a four-bedroom property with the Help to Buy scheme.
Karl Hick added: “We are delighted to offer the government’s Help to Buy scheme on many of our properties. This furthers our commitment to help first-time buyers, or existing owners simply wanting a new property, to purchase the home of their dreams.
“With Help to Buy, homebuyers can effectively own 100 per cent of a property with just a 75 per cent mortgage and 5 per cent deposit. This is proving to be a great help to many people struggling in the current housing market – something our sales figures demonstrate.”
Larkfleet’s Abbeyfields development is located on the old Co-op site on Spalding Road in Bourne, Lincolnshire, and comprises two and three-bedroom properties with prices starting at just £124,995.
Leighfield Park is the first phase of Oakham Heights, Larkfleet’s major urban expansion of Oakham, located on land between the Oakham bypass and Barleythorpe Road. The development currently offers traditionally-styled two, three, four and five-bedroom properties starting from £154,995
Larkfleet is providing allotment gardens for residents at Leighfield Park to encourage a sustainable lifestyle and community. An electric car charging unit is also available on site for residents to use.
The Coppice development – located on the Orchard Field site in Deeping St James – offers 12 two and three-bedroom properties for sale.
Solar photovoltatic (PV) panels will be fitted as standard to every property constructed at The Coppice and Leighfield Park, and as an added extra to properties at Abbeyfields, so homebuyers can benefit from reduced energy bills and an income from selling their excess power to the grid. The PV panels will produce electricity from daylight, generating useable power even on cloudy days.
Terms and conditions apply to the Help to Buy scheme. Please visit the Larkfleet Homes website, www.larkfleethomes.co.uk, or contact a sales advisor on 01778 391550 for more information on how the Help to Buy scheme could help you.
Larkfleet Homes is a member of the Larkfleet Group (www.larkfleetgroup.co.uk).
LARKFLEET GROUP RECOGNISED AS LEADER IN SUSTAINABLE BUILDING WITH INDUSTRY AWARD SUCCESS
Bourne-based housebuilder and developer Larkfleet Group (www.larkfleetgroup.co.uk) has won a national industry award for its sustainable building practices.
The company’s Larkfleet PassiveHouse project won a silver accolade in the ‘energy reduction’ sector of the prestigious national Green Apple Awards.
The Larkfleet PassiveHouse, constructed by Larkfleet next to its headquarters in Bourne in Lincolnshire, is a prototype house, designed and constructed using lightweight materials and off-site construction techniques which could revolutionise the construction industry.
The successful completion of the Larkfleet PassiveHouse proves the technical feasibility of materials and techniques that have the potential to reduce costs, time and carbon emissions in building construction. Researched, designed and constructed by Larkfleet as part of a consortium of companies, it is the first house of its type with the potential for mass production and widespread use across the UK.
Larkfleet competed against more than 500 other nominations and Karl Hick, Larkfleet Group CEO, was presented with the Green Apple Award at a glittering presentation ceremony at the House of Commons earlier this month.
Karl Hick commented: “This award success demonstrates just how Larkfleet Group is committed to investing in the future of the construction industry. Energy efficiency and sustainable building practices are integral to our work and I am delighted to accept this award for as a reward for the hard work of all involved in the success of this project.”
As a result of this success, Larkfleet has been invited to have its winning award submission published in The Green Book, the leading international work of reference on environmental best practice, so that others around the world can follow its example and learn from its experience.
Larkfleet will also be considered to represent the UK in the European Business Awards for the Environment.
The Green Apple Awards have become established as the country’s major recognition for environmental endeavour among companies, councils, communities and countries.
The awards are organised by The Green Organisation, an independent, non-political, non-activist, non-profit environment group dedicated to recognising and promoting environmental best practice.
Judges for the Green Apple Awards are drawn from the Environment Agency, the Chartered Institute of Environmental Health, the Chartered Institution of Wastes Management and other independent bodies.
ACTIVE COUPLE FIND THE PERFECT RETREAT AT THE CROFT
Finding a perfect new home can be a real challenge. For one couple, the search proved to be surprisingly easy. They fell in love with a three bedroom chalet bungalow at The Croft in Bourne as soon as they realised it offered them both financial and lifestyle benefits.
Albert and Rea Sains bought their new Larkfleet Homes property after Mr Sains attended an antiques valuation event held at the development and decided to take a quick tour of the show homes.
Albert, a retired senior manager of a building company and author, explained: “I didn’t originally intend to view the development as we had no plans to move but there was a long queue to see the antiques experts so I decided to take a look.
“I was immediately impressed with the design and standard of the properties and I thought the lifestyle on offer at The Croft was really appealing. I knew immediately that I had to come back with my wife and show her around. When we returned, Rea completely agreed with me and we decided to take the plunge and buy.”
The move from their detached house in Oakham was a big change but the pair are delighted with their decision to move to The Croft. This exclusive development for the over 55’s offers a range of one and two bedroom bungalows and two and three-bedroom chalet style homes set in attractively landscaped courtyards.
Albert continued: “By downsizing we could not only release some capital which was tied up in our old home but also benefit from having a new home with less maintenance and a more manageable garden. In addition, looking ahead to the future, we could see that buying at The Croft offered us the security of knowing our home would still be suitable for us later on in life and we wouldn’t need to move again.”
The exterior of every property at The Croft is maintained by the estate management team. The service includes regular window cleaning, external repairs and the maintenance of the communal grounds. There is also an estate manager on hand Monday to Friday to help with any queries or problems residents might have.
Although exclusively for the over 55s, The Croft is definitely not a ‘retirement development’ as far as the Sains are concerned, as Albert explained: “The attraction of The Croft wasn’t that it was an over 55’s development, we don’t view ourselves as old and moving here hasn’t changed how we live our lives. We are both very active people, my first book is due to be published shortly and we both have lots of hobbies including painting, cookery, quilting and meditation, which keep us very busy.
“We also enjoy travelling and can be away for several weeks at a time, which makes the secluded and tranquil environment, with no through traffic, coupled with the on-site estate manager who can keep an eye on things for us an added bonus.”
The Croft is built in the grounds of a former manor house which has been fully restored and is now the hub of the development. The manor provides a community facility for residents, where they can relax or take part in events and activities on offer. The building features a stylishly decorated lounge/dinning room with sun terrace, fitted kitchen and a library, as well as a laundry room.
There is also a well-decorated guest suite on the first floor, which residents can hire for their overnight guests, comprising a twin bedded bedroom and a large modern bathroom.
Rea, a retired masseuse, added: “The facilities in the manor house really clinched our decision to buy, as we could downsize but still have the room to have our children and grandchildren stay, which was really important to us. We can also hire out the ground floor and hold family celebrations there, allowing us to continue entertaining, which we love but might have otherwise struggled to do now we have a smaller home.
“The manor also offers a nice facility for us to use in our spare time. I have recently taken up quilting and the light and space in the manor is perfect for me to do my needlework, while at the same time enabling me to socialise with our neighbours.”
Nestled in the market town of Bourne, Lincolnshire, The Croft offers easy access to the local amenities including the town’s bustling centre, with a wealth of shops, cafes and restaurants on offer, as well as supermarkets and health centres. Bourne is only 11 miles from historic Stamford and 16 miles from the city of Peterborough, with a wide range of high street shops, a mainline train station and new hospital.
Larkfleet is offering a range of incentive packages at the Croft which can be tailor-made to suit the needs of individual buyers, including shared equity and part exchange options.
For further information on current available properties visit the site on North Road in Bourne, contact the sales team at The Croft on 01778 426995 or visit www.thecroftbourne.co.uk.