Buying a new home in Cleethorpes is cheaper than you think

A dream home is about to become more of a reality for first time buyers in Cleethorpes – thanks to a Government initiative to help curb the cost of stepping onto the housing ladder.

Requiring just a five per cent deposit, the First Buy scheme has been designed specifically to support first time buyers.

And now Linden Homes has been given the go-ahead to offer potential customers at its Hampton Court development in Cleethorpes the chance to take advantage of the incentive.

In a nutshell, the scheme allows eligible buyers to own 100 per cent of their new home but only pay as little as 80 per cent of the price/mortgage.

The remaining 20 percent is met through the Government and Linden Homes by means of a loan – repayable on the resale of the property.

And with a series of competitive mortgages currently available, there has never been a better time to buy.

This means that through First Buy, first time buyers with a five per cent deposit could be paying as little as £103,996 for a new two-bedroom home.

Linden Homes connections and marketing manager Gizzy Murray said: “First Buy is a fantastic scheme, not least because of the mortgage rate that is offered – which is actually cheaper than the previous Home Buy Direct incentive.

“This means that if your attempt in qualifying was turned down last time, there is a greater chance of being accepted this time around. First Buy is now available at Hampton Court, as well as on the majority of our developments, allowing more customers to benefit.”

The Hamtpon Court development currently has a range of two-bedroom homes and bungalows available. Some are due for imminent completion while others are due for completion this summer. Prices range from £129,950 to £139,950. For more information, visit lindenhomes.co.uk.