New homes in Bourne available with 95% mortgages

Taylor Wimpey is urging homebuyers to take advantage of NewBuy in Lincolnshire – and secure their perfect property with only a 5% deposit at its Oak Springs development of new homes for sale in Bourne.

Lincolnshire property-seekers are being offered a fabulous opportunity to take advantage of a new Government scheme which makes it easier to purchase a new home at Oak Springs, Taylor Wimpey’s sought-after development of property for sale in Bourne.

NewBuy in Bourne helps both first-time buyers and those looking to move home by enabling house-hunters to access 95% mortgages on properties at the Taylor Wimpey Lincolnshire development up to the value of £500,000.

The scheme is set to make it easier for credit-worthy purchasers choosing houses for sale in Bourne at the Taylor Wimpey Elsea Park development to secure affordable mortgages with only a 5% deposit – that’s as little as £6,000!

The initiative is likely to go down well with buyers in search of properties to buy in Bourne, many of whom see the size of deposit as the main barrier to purchasing a property. A recent survey by Taylor Wimpey revealed that 54% of first-time buyers had abandoned plans to buy a property in the last 18 months because they couldn’t afford to save the large deposit required by mortgage lenders. 57% of those surveyed also said they thought the Government should be doing more to help first-time buyers.

Janet Robinson, Regional Sales Manager for Taylor Wimpey, says: “Time and again our buyers tell us that it is mortgage availability, not mortgage affordability, which is preventing them for buying.

“This scheme will help both those looking to get on the property ladder and those who want to move but have limited equity in their existing home, so it’s good news for the market as a whole.”

There’s a fantastic selection of brand new two-bedroom homes available at Oak Springs which will be eligible for NewBuy, priced from just £119,995.

The two-bedroom ‘Penarth’ is a delightful starter home which features a light and airy living/dining room opening through French doors to the private rear garden, plus a fitted kitchen and handy guest cloakroom located off the entrance hallway.

Upstairs, the landing leads to two well-proportioned bedrooms and a bathroom, while outside, the property benefits from allocated parking.

Alternatively, three-bedroom homes at Oak Springs are priced from just £160,995, with impressive four-bedroom properties available from only £204,995.

With an idyllic setting on the edge of open countryside, yet just a mile from the centre of the pretty Lincolnshire market town of Bourne, Oak Springs offers a unique opportunity for home-hunters to combine the very best of town and country life.

Located on the edge of the fens, Bourne is steeped in history with no less than 71 listed buildings occupying the parish, including Bourne Abbey and Baldock’s Mill, a former water mill which now houses the town’s heritage centre.

The town boasts a range of high street and independent shops and supermarkets, while those seeking entertainment can choose from a number of bars, restaurants and traditional pubs.

For days out, nearby Grimsthorpe Castle country house nestles in 3,000 acres of rolling pastures, lakes and woodland landscaped by ‘England’s greatest gardener’, Capability Brown, while Bourne is also within easy reach of three nature reserves.

What’s more, Bourne is well placed for the neighbouring towns of Spalding and Stamford, both of which are 13 miles away by road, while the A1 is just 14 miles from home and the superb shopping, leisure and entertainment facilities of Peterborough are also nearby. The seaside is also within easy reach of Oak Springs, as the east coast is a mere 30 miles from home.

Education provision in the town is excellent with schools for children of all ages, including the well-regarded Bourne Grammar School, which ranks among the best in the East Midlands for A-level results; and Robert Manning College, a high-performing comprehensive specialising in technology and vocational education for 11 to 18-year-olds.

To be in with a chance of securing your ideal home with NewBuy at Oak Springs, visit taylorwimpey.co.uk.