Shared Ownership in Stafford
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 Stafford 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 Stafford, use the search tool on the left hand side of the page or click here to go straight to search results in Stafford. 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 Stafford, 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 Stafford
These are examples of properties that are currently available in Stafford. Click here to search for all properties in Stafford.
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 Stafford
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 Stafford 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 Stafford and across England.
Stafford is the county town of Staffordshire, in the West Midlands region of England. It lies approximately 16 miles north of Wolverhampton and 18 miles south of Stoke-on-Trent, adjacent to the M6 motorway Junction 13 to Junction 14. The original settlement was on dry sand and gravel peninsula that provided a strategic crossing point in the marshy valley of the River Sow, a tributary of the River Trent. There is still a large area of marshland northwest of the town, which has always been subject to flooding, such as in 1947, 2000 and 2007. The Elizabethan Ancient High House in the town centre is the largest timber-framed town house in England It is now a museum, with changing exhibitions. Stafford Castle was built by the Normans on the nearby hilltop to the west in about 1090, replacing the post-Conquest fort in the town. It was first made of wood, and later rebuilt of stone. It has been rebuilt twice since, and the ruins of the 19th century gothic revival castle crowning the earthworks incorporate much of the original stonework. The castle has a visitor centre, with audio visual displays and hands-on items. There's also a recreated medieval herb garden and Shakespeare productions take place in the castle grounds each Summer. The castle forms a landmark for drivers, as it is highly visible from the M6 motorway. The oldest building now in Stafford is St Chad's Church, dating back into the twelfth century. The main part of the church is richly decorated. Carvings in the church's archways and pillars may have been made by a group of stonemasons from the Middle East who came to England during the Crusades. Stafford railway station provides easy commuting to Birmingham, London (via London Euston), Wolverhampton, Liverpool, Stoke-on-trent and Manchester Piccadilly. Junctions 13 (Stafford South & Central) and 14 (Stafford North) of the M6 motorway provide access to the town, therefore the major cities of Birmingham and Manchester and beyond are easily reached. The A34 road runs through the centre of the town, linking it to Stone and Stoke-on-Trent to the north and Cannock and the West Midlands. Stafford also houses the major theme park at Alton Towers.