So far 20 people have taken up the City of Lincoln Council’s mortgage help scheme, according to preliminary figures, after the offer launched in June.
The £1 million scheme can help up to 50 people in the city, and means new buyers only need to find a 5% deposit.
So far 7 have fully completed the scheme, using up £130,000 of the indemnity, 9 are in the process, amounting to £163,000 of the cash pot, and 4 are yet to find suitable homes.
The City Council launched the Local Lend a Hand scheme in collaboration with Lloyds TSB, which aims to help first-time buyers get onto the property ladder.
Prospective buyers can apply for a loan with Lloyds TSB on a house of up to £125,000, excluding new build homes.
The City of Lincoln Council provides a cash-backed indemnity of up to 20% as additional security. The Council then earns the interest on this amount.
One couple which benefitted the scheme so far is Lizzie Bruzas and partner Henry Rundle, who recently moved into their £117,000 Cecil Street home with the help of the scheme.
The pair had rented a house for over three years, saving for a mortgage deposit over the last 18 months. The scheme helped them put down a deposit on a house a couple of years earlier than expected.
New home owner Lizzie Bruzas said: “We were in limbo — we could afford mortgage payments, but as we were paying rent were not able to save a large amount towards a deposit. We were astonished when we found out that help was available to us. If it wasn’t for this scheme we would have been unable to buy for at least another three years.”
Councillor Ric Metcalfe, Leader of the City of Lincoln Council, said: “One of our priorities and commitments to residents is to ensure there is affordable housing available throughout the city. This scheme is one of many inititives we are running to help us achieve this aim.
“We hope to help up to 50 first time buyers in Lincoln to become home owners through the initiative. I encourage any first-time buyers in the city to check whether the scheme may be able to help them.”
There are still spaces left to apply for the scheme. For more information, visit a Lloyds TSB branch in Lincoln.
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Close to 1,000 homes in Ruskington suffered a power cut on Wednesday morning.
Properties on Station Road, Winchelsea Road, Lime Close, Bellview Road, Hawthorn Close, Rectory Road and more were hit with the cut at around 9.40am on Wednesday.
A total of 979 houses were affected by the outage within the NG34 postcode area.
Engineers were on their way to address the issue at 9.50am. | Photo: Western Power Distribution
Western Power Distribution has said it is aware of the issue and hope to have the power restored by 11am on Wednesday morning, with engineers on their way to deal with it.
A spokesperson for WPD said: “We are aware of this power cut incident which was raised at 9:42am this morning and our engineers are working to get the power returned as quickly as possible. We are sorry for any inconvenience this is causing you.”
Former West Lindsey District Council Leader Giles McNeill has stepped down from the authority a month after admitting fraud offences, it has been confirmed.
Mr McNeill, who was kicked out of the Conservative Party, pleaded guilty to a number of offences totalling £31,000 at Lincoln Magistrates’ Court at the end of September and is due to appear before Lincoln Crown Court for sentencing.
It is understood his appearance, due to be Thursday, October 28, has been delayed – though this has yet to be confirmed.
A statement from Chief Executive of West Lindsey District Council Ian Knowles said: “I have received the resignation of Councillor Giles McNeill and as such the council will now carry a vacancy.
“A Notice of Vacancy will be available on the website from today (Wednesday, 27 October).”
McNeill was leader of the council from May 2019 until announcing in September 2020 he was stepping back from the role for “personal reasons”.
He was also organising secretary and communications manager for Gainsborough Conservative Association and was employed in a similar role by the constituency MP Sir Edward Leigh. He stepped down from both positions last year.
McNeill became the council’s youngest member when he was first elected to represent the Nettleham ward at a by-election in September 2012, at the age of 30. After stepping down as leader he left the Conservative Group but continued to sit as an Independent councillor.
Councillor McNeill and the Conservative Party have been contacted for comment. Councillor McNeill also appears to have deleted his Twitter account.
An elevated property situated right next to the famous Lincoln Castle walls is up for sale for just shy of £1 million, boasting some of the finest views in the city.
The property on Drury Lane is overlooked by the walls of Lincoln Castle, and has been listed on the housing market by Savills for a guide price of £950,000. See the full listing here.
For your money, you not only get sensational views of the city’s most picturesque landmarks, but you also get five double bedrooms, a gym with a sauna, a gated driveway and an open fire in the spacious sitting room.
The house was built in the 1980s but has been brought into the modern world. | Photo: Savills Lincoln
Outside there is a veranda in the garden, which is floodlit throughout, and a large patio surrounding the house at ground level, with further space for garden furniture if required.
An outdoor space with endless potential. | Photo: Savills Lincoln
Roo Fisher, head of residential sales at Savills Lincoln, comments: “I especially love the spectacular views from 20 Drury Lane, overlooking the whole of Lincoln. Imagine waking up every morning with a coffee and seeing that.”
Let’s take a look inside:
Well, that’s not a bad view. | Photo: Savills Lincoln
The property has a gated parking area. | Photo: Savills Lincoln
Dinner with a view from this dining room. | Photo: Savills Lincoln
The sitting room has an open fire and a perfect gazing spot with a large window. | Photo: Savills Lincoln
| Photo: Savills Lincoln
The kitchen has been refurbished for modern living. | Photo: Savills Lincoln
The master bedroom, oozing with natural light. | Photo: Savills Lincoln
The house comes with an ensuite shower room as well three additional bathrooms. | Photo: Savills Lincoln
Rooms span across four floors. | Photo: Savills Lincoln
There’s even a library/study for you to kick back in. | Photo: Savills Lincoln
An ideal sun trap during summer months. | Photo: Savills Lincoln
Lincoln Cathedral peering round the corner of this wonderful property. | Photo: Savills Lincoln
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