FIRST-time buyers priced out of the property market in the Ribble Valley are being offered a helping hand with the Government’s Shared Ownership scheme, now available on a limited basis, at a prestigious new development in Whalley.
Low-cost home ownership company Plumlife is offering for shared ownership sale eight two and three-bedroom mews homes at Calderstones, part of a private development of 39 mews and detached homes in Whalley.
Interest in the scheme has been high, with several homes already reserved.
Built by award-winning Taylor Wimpey, eligible first-time buyers will be given the chance to buy a home at Calderstones. Prices start from £60,000, based on a 40% share.
Shared Ownership is a popular, long-established part buy-part-rent scheme, which gives working people earning an household income of under £60,000 per year the chance to snap up homes that would otherwise be out of reach.
Backed by Ribble Valley Council, in partnership with Plumlife, the launch of the Calderstones homes follows the success of several other similar schemes in the area – Clyder Park in Clitheroe, Petre Wood, in Langho and Weaver’s Fold in Mellor.
Commenting on early interest already shown by residents in Whalley and the surrounding area, Matthew Harrison, deputy chief executive of Plumlife, said: “Following on from the success of our previous Ribble Valley schemes, we’re getting a lot of interest in this latest development.
“Many first-time buyers want to buy in the area in which they grew up – but until now, have been pessimistic about their chances of being able to do so.
“There are very few alternatives in the area even close to this low price bracket, and what little there is tends to centre around older, more traditional homes. But these don’t tend to appeal to new buyers as much these days.
“The trend towards more contemporary-style living, even in rural areas is growing, which is why Calderstones has been designed to meet that demand.
“Buyers increasingly don’t want to spend a fortune doing a place up, nor do they want to pay out on large utility bills.
“New homes are much more energy efficient, saving people hundreds of pounds per year on gas and electricity. It’s a massive part of their appeal.”
To help people find that all important mortgage, Plumlife also offers eligible buyers access to free, impartial mortgage advice from a panel of financial advisers.
Further details from the Plumlife sales team on 0161 447 5151, or visit the website at www.plumlife.co.uk.