DOWNSIZING used to only mean one thing – a smaller property in later life.
However, there are now many reasons why cash-savvy house hunters are opting for a more modestly sized home, and at any age.
One recent report suggests that age is becoming less relevant - as one in five people are downsizing in their earlier years to help with household bills and raise windfall money.
The study by Lloyds TSB reveals 59 per cent of people want to move to a smaller property better suited to their circumstances.
A third would be looking to reduce their bills and one in three wanted to downsize to support their retirement plans.
Meanwhile, research from the Castle Trust – a housing investment shared equity provider – suggests that 3.2 million households who are looking to sell their homes want to buy a new property that is an average of £57,400 cheaper.
The result? Homeowners could raise approximately £186 million towards their retirement by downsizing their homes.
Whatever your reason for downsizing, developer Linden Homes currently has a range of new homes that fit perfectly into the ‘downsizing’ bracket at its Oasis development in the heart of Lincoln.
A number of coach house style homes and apartments already reserved at the popular development.
As well as a chic and stylish home for first time buyers, the apartments also present low maintenance and stress-free living for young professionals with busy lives, or those looking to downsize to a smaller home within walking distance of a vibrant city centre.
Some of the apartments are available to purchase through the government-backed NewBuy scheme, which requires just a five per cent deposit.
Either those stepping onto the housing ladder or existing homeowners need just a five per cent deposit to secure a home up to £500,000. Linden Homes will work in partnership with major High Street lenders to secure a 90-95 per cent fixed rate mortgage. New homebuyers wishing to take advantage of the scheme will need to qualify for a mortgage with a mortgage lender – which Linden Homes can help arrange.
Oasis is located at Carholme Road, close to the Fossdyke Canal and Carholme Golf Course – proving there really is something for everyone, with convenient access to Lincoln’s A46 ring road to the West and the bustling but historic city centre and university to the East.
To find out more about the development and incentives currently on offer to curb the cost of moving home, visit the sales and marketing suite and show homes daily from 10.30am until 5pm. Alternatively, call the sales team on 01522 512215.
-ENDS-
For further press information please contact Cetti Long at Media Matters on 01733 371363 or email cetti@mediamatters-pr.co.uk
References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.
All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.
