Shared Ownership in Cannock Chase
Across England, the Government supports a range of schemes to support affordable home ownership. All official schemes outside London fall under the homebuy brand of government backed affordable home ownership. The most established scheme is shared ownership, otherwise known as part buy part rent but there are also shared equity schemes (e.g. Firstbuy), and rental products, including rent to buy. For more detail on the specific homebuy schemes available in Cannock Chase click on the tabs at the bottom of the page. In addition, at sharetobuy.com there are a range of options open to people wishing to research their affordable housing options:
- To search for shared ownership properties for sale in Cannock Chase, use the search tool on the left hand side of the page or click here to go straight to search results in Cannock Chase. If you cannot find anything that suits your needs at this time we are constantly adding properties and you can register to receive property alerts whenever we do so.
- If you are looking for a shared ownership solicitor in Cannock Chase, you can find solicitors on the sharetobuy.com panel with huge experience of the various homebuy schemes.
- Share to buy are also authorised mortgage brokers and you can use our mortgage tool to compare products available for part buy part rent purchases. See our shared ownership mortgages.
Search for properties in Cannock Chase
These are examples of properties that are currently available in Cannock Chase. Click here to search for all properties in Cannock Chase.
20th November 2017
Is saving for a deposit holding you back from moving in to your own home? Saving money can be hard, but with these ten money saving apps available at your fingertips, you’ll soon discover how to put away the pennies and you’ll be ready to move in no time.
20th September 2017
Shared Ownership Week returns for its fifth year, 21st - 27th September. Shared Ownership week raises awareness this home ownership scheme which offers a life line to thousands of first time buyers.
Part buy part rent in Cannock Chase
The longest-running affordable home ownership scheme is 'shared ownership', and this is often referred to as 'part buy part rent' because you literally buy part of a property and then pay rent on the remainder. Thus, the product can be seen as literally offering a stepping stone between renting and buying. When you part rent part buy a home, the share can start from as little as 25% and the rent on the remaining share is usually capped at an affordable amount usually in the region of 2.75%. If you consider that availability of mortgages with a 5% deposit has historically been strong in the shared ownership scheme, you can potentially put down just 5% of 25% of the purchase price and as you may often not have to pay the purchase tax known as stamp duty, it makes the total cash you need typically far lower than buying on the open market. Another strong feature of the part buy scheme in Cannock Chase and elsewhere is that there is an established second hand market of part buy part rent homes. Although most properties are available on a new build basis, over time, these properties can be sold on to new buyers and if the owner has not yet bought 100% of the property they can offer their existing share for sale on a second hand basis in a process known as a 'resale'. Search sharetobuy.com for part buy part rent properties in Cannock Chase and across England.
Cannock Chase is a mixed area of countryside in the county of Staffordshire, England. The area has been designated as the Cannock Chase Area of Outstanding Natural Beauty. The Chase gives its name to the Cannock Chase local government district. Cannock Chase is located between Cannock, Lichfield, Rugeley and Stafford. It comprises a mixture of natural deciduous woodland, coniferous plantations, open heathland and the remains of early industry, such as coal mining. Much of the area is also designated as a Site of Special Scientific Interest (SSSI). Despite being relatively small in area, the chase provides a remarkable range of landscape and wildlife, including a herd of around 800 fallow deer and a number of rare and endangered birds, not least migrant Nightjars. There are a number of visitor centres, museums and waymarked paths, including the Heart of England Way and the Staffordshire Way. On the Chase's north-eastern edge can be found Shugborough Hall, ancestral home of the Earls of Lichfield. At its southern edge are the remains of Castle Ring, an Iron Age hill fort, which is the highest point on the Chase. Several glacial erratic boulders are also found on the Chase, remnants of glaciation, One is mounted on a plinth. Since the nineteenth century, sightings of Black Dogs, Werewolves, British big cats, UFOs and even Bigfoot have appeared in the local press. However no conclusive evidence has ever been produced verifying these claims, and they may best be thought of as forming part of local folklore.