Are you struggling to accumulate a large enough deposit to buy your first home? Do you desperately need to move to a larger home?
Housebuilder Larkfleet Homes (www.larkfleethomes.co.uk), part of the Larkfleet Group, is taking part in a one-off housing pop-up shop from 11:00-16:00 in Red Lion Quarter in Spalding on Tuesday 12 March.
A pop-up shop is a temporary retail or sales space. The pop-up shop in Spalding, organised by East Midlands Housing Association, will offer information to potential first-time buyers on how they can own their own property much sooner than they think, as well as advice to current homeowners in different financial circumstances.
Larkfleet is committed to helping first-time buyers onto the housing ladder and a company representative will be on hand to provide advice on its own nearby developments in Pinchbeck, Deeping and Bourne that offer low deposit options. The pop-up shop is aimed at anyone who is thinking about buying their own property but is struggling to raise a deposit, so Larkfleet is urging people – whatever their financial situation – to visit the pop-up shop for free house buying advice.
Information will be available on the government’s FirstBuy scheme – a shared equity arrangement where the government and builder provide a loan (interest free for five years) to cover up to 20 per cent of the purchase price. Buyers have to contribute a deposit of just 5 per cent – substantially less than the average 15-20 per cent deposits required in the current housing market.
There will also be information available on other shared ownership and low deposit options. Expert advisors will be present to help visitors to the pop-up shop learn about the different options available.
In the Spalding area there is a strong rental market which has pushed rents up. This means that many people may currently be paying more in rent than they would in mortgage repayments if they owned their own home.
The pop-shop hopes to engage with a variety of potential homeowners in the area, including those in the Eastern European community.
Karl Hick, Larkfleet’s managing director, commented: “This pop-up shop is a great opportunity for people who are looking to purchase a home to gain expert advice on their individual situations. Many will find that owning their first home or purchasing a new, larger property may not be as hard as they think.”
Larkfleet has now started work on phase two of its Glen Grange development in Pinchbeck, near Spalding.
Larkfleet’s The Coppice development – located on the Orchard Field site in Deeping St James – is offering 12 two and three-bedroom properties for sale as part of phase two of its construction.
Solar photovoltatic (PV) panels will be fitted to every property constructed as part of the second phase of The Coppice so homebuyers can benefit from reduced energy bills. The PV panels will produce electricity from daylight, generating useable power even on cloudy days.
Larkfleet’s Abbeyfields development in Bourne, located on the old Co-op site on Manning Road in Bourne, includes two and three bedroom properties with prices starting at just £125,000.
The development is situated in an existing residential area and is close to the town centre, Bourne’s secondary and primary schools and various sports facilities. Solar photovoltatic (PV) panels will be fitted to selected properties.
The pop-up shop will be located in the Red Lion Quarter in Spalding from 11:00-16:00 on Tuesday 12 March.
For more information on any Larkfleet Homes’ development, please visit www.larkfleethomes.co.uk or call 01778 391550.