New Larkfleet development in Lincolnshire to be called ‘Abbeyfields’

Housebuilder Larkfleet Homes has named its new housing development in Bourne, Lincolnshire, ‘Abbeyfields'.

Abbeyfields will comprise two- and three-bedroom properties with prices starting at just £125,000. The development will be situated in an existing residential area and is close to the town centre, Bourne's secondary and primary schools and various sports facilities.

There will be 108 new homes on the site in total including 33 affordable homes of which 13 properties will be offered through shared ownership and 20 through affordable rent.

Larkfleet is marketing properties at Abbeyfields not only to first-time buyers but also to buyers who are looking to downsize and young families looking for a high-quality new home.

Some properties on the Abbeyfields development will be available through the government-backed FirstBuy scheme. With the help of FirstBuy, homebuyers have the chance to take up a five-year interest-free loan meaning they could own a Larkfleet home sooner than they thought. Purchasing a Larkfleet property in Bourne could even be cheaper than renting a property with the help of FirstBuy.

Larkfleet is also offering a mortgage insurance guarantee scheme and its suite of Ezy initiatives to assist homebuyers as much as possible. Larkfleet's Ezy initiatives can offer homebuyers help with selling their own property or part exchange deals. Through Larkfleet's Ezy-give scheme, family and friends of first-time buyers who to lend twenty per cent of the purchase price of a new property can get a five per cent return for five years after the purchase while homebuyers enjoy a smaller mortgage and a lower interest rate.

Selected plots will benefit from solar photovoltaic (PV) panels that produce electricity from daylight, generating useable power even on cloudy days. Homeowners can therefore enjoy reduced electricity bills as well as generating additional revenue from the government's Feed in Tariff.

Work on the Abbeyfields development is scheduled to begin in March.