Shared Ownership in North West Leicestershire
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 North West Leicestershire 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 North West Leicestershire, use the search tool on the left hand side of the page or click here to go straight to search results in North West Leicestershire. 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 North West Leicestershire, 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 North West Leicestershire
These are examples of properties that are currently available in North West Leicestershire. Click here to search for all properties in North West Leicestershire.
Heathe Meadows - 1 bed apartment in Rothley£0 (min. share 0%)
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 North West Leicestershire
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 North West Leicestershire 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 North West Leicestershire and across England.
North West Leicestershire is a local government district in Leicestershire, England. Its main towns are Ashby-de-la-Zouch and Coalville.
The area has a long history of mineral extraction, with coal, brick clay, gravel and granite amongst the products. All the deep coal mines in the area have closed, but opencast mining still continues.
For commuters, there is easy access to North West Leicestershire from M1, M42, A42, A50 and A511. The closest railway stations are at Leicester, Loughborough, Burton on Trent and Tamworth and the new East Midlands Parkway Station close to Jcn 24 provides access to this area. The expanding East Midlands Airport, operates flights to the rest of Britain and to various places in Europe.
It is also notable as the location of Castle Donington and Donington Park, a grand-prix circuit and a major venue for music festivals.
Haute couture or cheerful chic, market towns or high street - Leicester and Leicestershire has plenty of shops, boutiques and markets for you to browse. Leicester's city centre offers aspirational shopping and unique boutiques and Highcross Leicester offers an inspirational way of shopping and with the trendy boutiques and independent shops of the Leicester Lanes and St Martins Square. North of the city, Belgrave Road is famous for its Asian shops, selling beautiful sarees and spices, and to the south, Stoneygate is a cluster of independent shops and galleries offering exclusive products and designer names. Meanwhile, Fosse Park, near the M1 is home to many big chain stores, many of which boast larger ranges than you may find elsewhere. Around the county Leicestershire's market towns reveal many surprises. From traditional butchers and bakeries to small specialist stores selling antiques, clothes and gifts, there is plenty to browse. Weekly markets also take place, and several towns have regular farmer's markets too.
As part of the National Forest, this area offers gentle activities, like walking and cycling along trails that take you into beautiful tranquil parts of the countryside, which you’ll share with the local wildlife. For the thrill seekers there are more challenging activities. Folk, rock or flower festivals, country shows and quirky village events. Entertainment includes jazz nights and rock concerts, drama and theatre, and even old fashioned cinema evenings in unique venues like Century Cinema in the Century Theatre at Snibston in Coalville, a fully equipped mobile theatre, and Ibstock Palace, one of the earliest purpose-built cinemas in the country.