Shared Ownership in Stockport
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 Stockport 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 Stockport, use the search tool on the left hand side of the page or click here to go straight to search results in Stockport. 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 Stockport, 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 Stockport
These are examples of properties that are currently available in Stockport. Click here to search for all properties in Stockport.
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 Stockport
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 Stockport 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 Stockport and across England.
Stockport is a large town in Greater Manchester, England. It lies on elevated ground 6 miles southeast of Manchester city centre, at the point where the rivers Goyt and Tame merge to create the River Mersey. Historically, most of the town was in Cheshire, but the area to the north of the Mersey was in Lancashire. Stockport was one of the prototype textile towns. In the early 18th century, England was not capable of producing silk of sufficient quality to be used as the warp in woven fabrics. Suitable thread had to be imported from Italy, where it was spun on water-powered machinery. In about 1717 John Lombe travelled to Italy and copied the design of the machinery. Silk weaving expanded until in 1769 two thousand people were employed in the industry. By 1772 the boom had turned to bust, possibly due to cheaper foreign imports; by the late 1770s trade had recovered. The cycle of boom and bust would continue throughout the textile era. Since the start of the 20th century Stockport has moved away from being a town dependent on cotton and its allied industries to one with a varied base. It makes the most of its varied heritage attractions, including a national museum of hatting, a unique system of underground Second World War air raid tunnel shelters in the town centre, and a late medieval merchants' house on the 700-year-old Market Place. In 1967, the Stockport Air Disaster occurred, when a British Midland Airways C-4 Argonaut aeroplane crashed in the Hopes Carr area of the town, resulting in 72 deaths among the passengers and crew. Stockport Town Hall designed by Sir Alfred Brumwell Thomas, has a ballroom described by John Betjeman as 'magnificent' containing the largest Wurlitzer theatre organ in Britain. The War memorial and art gallery are located on Greek Street opposite the town hall. Underbank Hall is a Grade II* listed late 16th century timber framed building which was the townhouse of the Arderne family from Bredbury who occupied it until 1823. Since 1824, it has been used as a bank and its main banking hall lies behind the 16th-century structure and dates from 1915. Stockport Viaduct is 111 feet (34 m) high, and carries four railway tracks over the River Mersey on the line to Manchester Piccadilly. The structure is Grade II* listed. Beside the M60 motorway is the Stockport Pyramid, a distinctive structure designed by Maxwell Hutchinson. It has a steel frame covered with mostly blue glass and clear glass paneling at the apex and was intended to be the signature building for a much larger development. An economic downturn caused the project to be abandoned as the developers went into administration. The building lay empty until 1995 when The Co-operative Bank repossessed it and opened it as a call centre. The Manchester orbital M60 motorway and A6 road to London cross at Stockport. Stockport railway station is a mainline station on the Manchester spur of the West Coast Main Line. Stockport is connected with Central London with services departing every twenty minutes and also has inter-city services to Sheffield, Liverpool, Birmingham, Bristol and other major cities. Manchester Airport, the busiest in the UK outside London, is five miles southwest of the town, which lies under the airport's flightpath.