Shared Ownership in Pendle
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 Pendle 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 Pendle, use the search tool on the left hand side of the page or click here to go straight to search results in Pendle. 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 Pendle, 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 Pendle
These are examples of properties that are currently available in Pendle. Click here to search for all properties in Pendle.
Pendleton Grange - 3 bed house in Clitheroe£105,000 (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 Pendle
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 Pendle 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 Pendle and across England.
Pendle is a local government district and borough of Lancashire, England. It adjoins the Lancashire boroughs of Burnley and Ribble Valley, the North Yorkshire district of Craven and the West Yorkshire districts of Calderdale and the City of Bradford. It has a total population of about 100,000 people.
Nestling in the valleys of Pendle are several lively towns and friendly villages. Colne, a beautifully kept town, winner of the North West In Bloom competition. With the beautiful St Bartholomews Church at its centre, Colne is a great place for a night out with a choice of the Colne Muni, Hippodrome Theatre or the popular Colne Restaurant Quarter.
The town has a number of famous sons, including the heroic bandleader Wallace Hartley who was the famous bandmaster on the Titanic. The Centre of Colne and the beautiful surrounding villages of Trawden and Wycoller can be explored on the Brontes & Browsing Trail, on foot, bike or car. You can also book a guided walking tour called "Colne's Heroes & Villains" or explore the town's fascinating history on the Colne Heritage Trail. Just up the road from Colne is Nelson. Originally the town was made up of two villages called Little and Great Marsden, strangely the town took it's name from a pub!
In Pendle's North East corner, in an area known as West Craven, is the bustling market-town of Barnoldswick. The town boasts a very pretty centre, a great heritage trail called the Stream and Steam Trail, and hosts a lively events programme, including a colourful Town Criers Competition, with criers from all over the country. Stunningly Beautiful, West Craven can be explored on foot on the West Craven Way, or by car or by bike on the Boats & Beams Scenic Car Trail.
Nearby is the picturesque village of Higham, whose famous son was Sir Jonas Moore, the "inventor of time" as we know it – or more precisely Greenwich Mean Time. In addition to traditional farming industries other major employers in the region include Rolls-Royce plc, Silentnight and the Daisy Group, with nearby Blackpool offering traditional British seaside employment.
The area relies strongly on the M6 motorway which runs from north to south, past Lancaster and Preston. Other motorways in the region include the fairly short M55 which connects the city of Preston and the town of Blackpool. The M65 motorway runs from east to west starting in the town of Colne, running through Burnley, Accrington, Blackburn and terminating in Preston. The M61 heads from Preston past Chorley towards Manchester and the trans-Pennine M62, and the M58 crosses the southernmost part of the county from the M6 near Wigan to Liverpool via Skelmersdale.
Other major roads in the county include the east-west A59 between Liverpool in Merseyside and Skipton in North Yorkshire via Ormskirk, Preston and Clitheroe, and the connecting A565 to Southport; the A56 from Ramsbottom to Padiham via Haslingden and from Colne to Skipton; the A585 from Kirkham to Fleetwood; the A666 from the A59 north of Blackburn to Bolton via Darwen; and the A683 from Heysham to Kirkby Lonsdale via Lancaster.
The West Coast Main Line provides direct rail links with London and other major cities, with stations at Preston and Lancaster. East-west connections are carried via the East Lancashire Line between Blackpool and Colne via Lytham, Preston, Blackburn, Accrington and Burnley. The Ribble Valley Line runs from Bolton to Clitheroe via Darwen and Blackburn. There are also connecting lines from Preston to Ormskirk and Bolton, and from Lancaster to Morecambe, Heysham and Skipton.