Shared Ownership in Congleton
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 Congleton 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 Congleton, use the search tool on the left hand side of the page or click here to go straight to search results in Congleton. 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 Congleton, 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 Congleton
These are examples of properties that are currently available in Congleton. Click here to search for all properties in Congleton.
Oakewood View - 2 bed house in Middlewich£72,375 (min. share 50%)
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 Congleton
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 Congleton 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 Congleton and across England.
Congleton is a town in Cheshire Eastand the county of Cheshirein England. It lies on the banks of the River Dane, to the west of the Macclesfield Canal and 21 miles south of Manchester.
The town of Congleton is broken up by the Congleton townspeople into seven main areas. These are Buglawton, known as ‘Bug Town’; the Bromley Farm estate, known as ‘Tin Town’ due to the number of tin RSJs built there; Mossley, perhaps the wealthier part of town; Hightown, which is located between town and the train station; West Heath, which is a relatively new estate built between the late 1970s to the early 1980s; Lower Heath to the north of the town; and finally the town centre. Congleton is located in a river valley, of the River Dane. To the south of the town lies an expanse of green space known locally as Priesty Fields that forms a green corridor right into the heart of the town - a rare feature in English towns.