Half Price Homes In Peterborough » Housing » 24dash.com

New homes at The Meadows in Eye, Peterborough, are being offered at half price to some buyers as house builder Larkfleet Homes (www.larkfleethomes.co.uk) is using government cash to cut the cost of housing.

The company has been authorised to offer the governments new MyChoiceHomeBuy scheme at its Eye development. Potential homebuyers can get an equity loan contribution from MyChoiceHomeBuy of anything up to 50 per cent of the value of the home. The mortgage is paid off in the usual way with a small monthly fee payable on the MyChoiceHomeBuy share.

The MyChoiceHomeBuy share can be paid back in stages or, if the homeowner chooses, in one go. If the homeowner decides to sell the house before the MyChoiceHomeBuy share is paid off, the government will take a share of the money from the sale.

Karl Hick, managing director of Larkfleet Homes, said: The scheme will make new homes affordable for many more people in the area. It will assist people to achieve the dream of owning their own new home and we will obviously also help in any way we can.

At a time when house prices are lower than they have been for some time, paying perhaps as little as half the price makes it a great bargain.

And from the point of view of house builders such as Larkfleet, if the scheme means we can continue to sell homes it also means we can continue to provide employment for our highly skilled craftsmen so it is a real win-win for everybody.

Larkfleet is also offering the MyChoiceHomeBuy scheme on its developments at Friars Mews in Lincoln Oakridge Park in Bourne and The Stable Yard in Oakham.

The company will help buyers with the necessary paperwork and will introduce them to financial advisers who can assist with finding mortgages to cover the portion of the house price not covered by MyChoiceHomeBuy.

For more information call Helen Jones at Larkfleet on 01778 391 555 or visit www.larkfleethomes.co.uk.