Way, Skegness, Lincolnshire, PE25

We are excited to be offering 2 bedroomed houses for Shared Ownership in the seaside town of Skegness, part of the Saxon Fields development. These houses are due for phased completions commencing March 2025 onwards (please note this is a guide only). These properties will benefit from a 10 year build warranty.

The Property

The Mallard comprises downstairs a downstairs WC, modern Kitchen/Diner and Lounge.

To the first floor, there are two double bedrooms and a family bathroom. Additional benefits include private driveway for two vehicles and an enclosed rear garden.

Education

Skegness has 4 primary schools, 2 secondary schools and a Grammar School.

Transport Links

The town is situated at the end of the mainline railway from Grantham with the M180 approximately 25 miles to the north, road access to Peterborough via the A52 trunk road which also leads to the Midlands.

Lincoln is approximately 35 miles to the north-west and Boston 20 miles to the south-west.

Amenities

The popular and historic coastal tourist resort of Skegness receives over 1.2 million visitors in the summer and has a permanent population of around 20,000 residents.

The town enjoys a strong retail offering and good leisure facilities including a number of well-regarded schools and an uninterrupted beach 50 miles long taking in other various coastal resorts such as Ingoldmells and Mablethorpe.

Why Choose Shared Ownership in Lincolnshire?

Shared Ownership is ideal if you're unable to buy a home on the open market - it provides the opportunity to buy a share in a property on a part buy/part rent basis, meaning you pay rent on the part you don't own.

Over time, you can then buy more shares in the property via a process known as staircasing. This can be done at any time, meaning you have complete flexibility over your own home ownership.

With Shared Ownership, deposit amounts are typically lower than purchasing a property on the open market and the combined cost of mortgage payments - plus rent - is often cheaper than privately renting in the area.

To take advantage of the Shared Ownership scheme, the following criteria must be met:

You must have a maximum annual household income of £80,000.

One of the following statements 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*

*if you already own a home, in order to apply for Shared Ownership, you must be Sold Subject to Contract

Homes at this development can be purchased between 10% - 75% of the property's full market value. You are able to buy more of your home through the Staircasing process, please contact us to discuss your options.