New homes for less than £88,000 in Grimsby

A dream home is about to become more of a reality for first time buyers in Grimsby – 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 a limited allocation of new homes at its popular Freshney Green development eligible for the scheme.

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 £87,960 for a new two-bedroom home.

Linden Homes connections and marketing manager Gizzy Murray said: “First Buy is a great initiative and has worked particularly well our other local developments.

“However, the latest First Buy homes are available on a first come first served basis, so we would urge first time buyers who are serious about moving to come and talk to us and take advantage of this user-friendly scheme.”

For more information, visit lindenhomes.co.uk.