Bishops Grange, Lincolnshire

Discover three-bedroom new build houses for sale in Lincolnshire with Shared Ownership.

Available
£73,500

Available properties

Three bedroom homes available with Shared Ownership.
  • 10 year build warranty
  • Amenities Nearby
  • Countryside Location
  • Schools Nearby
  • Transport links
  • Viewings Available

The development

We’re proud to present Bishops Grange - a beautiful selection of three & four-bedroom houses for sale via shared ownership in Lincolnshire. 

Situated at the heart of the picturesque village of Laceby, Bishops Grange offers modern living overlooking the beautiful Lincolnshire Wolds countryside.

Residents of Bishops Grange can take advantage of the local amenities in Laceby or the larger offering in the bustling town of Grimsby.

Each property in Bishops Grange has a turfed rear garden, allocated parking, modern fixtures, fittings and appliances as well as gas central heating and a 10-year build warranty. Some plots come with en-suite bathrooms. 

Please note the images used here are typical, should be used as a guide only and we've sold out of four-bedroom homes at this development.

Kitchen at The Rothwell

The Rothwell Virtual Home Tour

Take a look inside

Brochure

Settle down in Laceby

Show Home Interiors
Show Home Interiors

with Shared Ownership

Site plan

Status

Available

Sold/Reserved

Coming soon

Filter your results

Development Phase
House Type

Local Area Information

In the quaint village of Laceby, there are several local businesses to choose from. Including The Laceby Teapot, voted the best tearoom in Lincolnshire in England's 2023 Business Awards. A popular spot for local residents who fancy a coffee and a catch up with a friend. 

For day-to-day necessities there is a Londis Convenience Store in the village of Laceby, but if you are needing to carry out a bigger food shop, Morrison's is a 15 minute drive away.

Laceby is situated on the A46. Laceby is 16 miles from the M180, which offers links to Hull, Scunthorpe and Humberside. Grimsby also offers a train station offering various links.

Primary schools close by include Stanford Junior and Infant School, Laceby Acres Primary School and secondary schools in Grimsby and Market Rasen. Quality education can be guaranteed from the nearby schools for residents with growing families, as all schools close by are either rated 'Outstanding' or 'Good' by OFSTED.

Why choose Shared Ownership in Lincolnshire?

If you’re looking for shared ownership houses in Lincolnshire please pre-register your interest for Bishops Grange and we will contact you with further information.

Shared ownership is a fantastic opportunity if you’re unable to purchase on the open market. It allows you to buy a share in a property on a part-buy/part-rent basis and pay a subsidised rent on the share you do not own. 

Shared ownership uses the following criteria to help people get onto the property ladder: 

  • Maximum annual household income of £80,000

  • Unable to purchase a home suitable for your needs

One of the following must also be true:

  • You’re a first-time buyer

  • You used to own a home but can’t afford to buy now

  • You’re forming a new household - typically after a relationship breakdown

  • You’re already part of the Shared Ownership scheme but want to move

  • You own a home and want to move but can’t afford the new home that meets your needs

Homes at this development can be purchased between 25% - 75% of the property's full market value. You are able to buy more of your home through the Staircasing process, where you can purchase additional shares at this development in increments of 10%. Please note, as a Shared Owner you are responsible for all repairs and maintenance within your home.

If you think that you’re eligible and interested, please get in touch with us today.

Check your affordability

Use the Shared Ownership mortgage calculator to estimate the cost of buying this home.

Homes at this development can be purchased between 25% - 75% of the property's full market value.
You are able to buy more of your home through the Staircasing process, where you can purchase additional shares at this development in increments of 10%.
Please note, as a Shared Owner you are responsible for all repairs and maintenance within your home.

Next steps

1

Information

For further information, please download our brochure below.

2

Apply now

Please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.

3

Affordability

Once you have passed the affordability assessment, we will then be in contact to confirm the availability.

4

Reservation fee

If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home. Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. 

It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property – this is known as ‘staircasing’. 

This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.

Available properties

Frequently asked questions

Most buyers who can’t afford to buy a home outright can apply to buy through shared ownership.

We may also be able to help if you need to move because of a relationship breakdown or if your work requires you to live in an area outside your price range.

In order to buy through the Shared Ownership scheme, you must be able to demonstrate that you can afford and sustain home ownership. If you proceed with Shared Ownership you will be required to undertake an affordability assessment.

You must meet our adverse credit policy, if you have a history of adverse credit you are unlikely to be accepted depending on individual circumstances.

Shared owners still have to pay many of the usual costs involved in buying a home.

Reservation fee

We will ask you for a £250 deposit to reserve your chosen home. When the sale goes through we put this towards your purchase payments. However, we cannot refund it if the sale does not go through.

Mortgage deposit and fees

Most mortgage lenders will ask for a 5% or 10% deposit towards the price of the share you want to buy. They are also likely to charge a valuation fee and administration fees.

Legal fees

Solicitors’ charges can vary so it is best to get a few estimates. You will also have to pay Land Registry and local search fees, and may have to pay stamp duty depending on the value of the property.

After you've moved in

You also need to budget for the ongoing costs of owning a home.

Mortgage repayments

You will have to make monthly mortgage repayments to your lender. Depending upon the type of mortgage you have, these repayments may vary as interest rates change.

Rent

You pay a subsidised monthly rent to us on the share of your home which we own. The amount is reviewed on the 1st April each year.

Service charges

You will have to pay a small charge if your home has any facilities or communal areas which we maintain, such as shared entrance halls, lighting and grounds. Your service charge will also include your buildings insurance and your management fee.

Household bills

These include your council tax and utility bills for water, gas and electricity.

Repairs

We will arrange for any defects on new-build homes to be repaired during a set time period. After that time has elapsed, you will be responsible for arranging and paying for all repairs to your home.

Home contents insurance

We provide buildings insurance with the cost of your service charge but this does not cover your belongings. We strongly recommend you arrange your own home contents insurance.

Much will depend on your other financial commitments and what property/share you want to buy. We don't want you to be overstretched, so we need to be sure that you can afford to pay your mortgage and rent. We look at each application individually and will advise you on your options.

Shared ownership schemes are backed by government funding to help people on smaller incomes. So you will not qualify for most shared ownership schemes if your household income is less than £10,000 or more than £80,000 a year.

On the property listings for some of our shared ownership homes, you will see that we state a local connection to the area is required.

This generally applies in rural areas and small villages where land has been made available specifically for affordable housing to meet the needs of local people, rather than for private development.

These are known as ‘rural exception sites’ or 'protected areas' and are controlled by ‘Section 106 Agreements’. They aim to help local people and families afford homes in the area where they grew up.

The local connection criteria can vary between different developments, but is usually based on the following:

applicant was born in the area and has lived there for a number of years: applicant has permanently lived in the area for a number of years: applicant used to live in the area for a number of years but had to move away because of the lack of affordable housing applicant has been permanently employed in the area for a number of years The number of years is usually between 2 and 5, although this differs by local authority

Usually priority is given to applicants with a local connection to the parish. If there are still properties remaining, allocation will be opened up to surrounding parishes and then to the whole of the local authority area. This ensures that the homes are occupied by residents as local to the area as possible.

If you want to find out more about the local connection criteria for a particular development, or check if you qualify, please email sales@platformhg.com

Yes you can, once you have moved into your Shared Ownership property, providing you can afford it, you are able to buy more of your home through the process of Staircasing.