Shared ownership at Half Penny Meadows, Ribble Valley, BB7 1AA

Half Penny Meadows

Brownhill Grove, Clitheroe, BB7 1AA

For salenew home
Shared ownership
Live from space album cover

from

£187,500

3 bedroom

Register interest

from £46,250

with min. deposit £2,313

£84,375

3 bedroom Terraced house

Availability

For sale

Minimum share

45%

Full market price

£187,500

Deposit from

£4,219

Monthly service charge

£44.62

Bedrooms

3

Bathrooms

1

Reception rooms

1

Furniture status

unfurnished

Number of floors

1

Entrance floor

Ground floor

Tenure

leasehold

Property features

Off street parking

EER Current

85

EIR Current

89

Overview

Located in the heart of the Ribble Valley, with a stunning view of Pendle Hill, Half Penny Meadows is a beautiful development offering a selection of 3 bedroom homes.The homes include a large living room opening out onto the rear garden through French doors and spacious dining kitchen with fabulous fitted units.The development is located close to the superb amenities and local schools that Clitheroe offers – and with excellent commuter links. To reserve the 2 Bedroom Bungalows at this development, the Purchasers of these homes have to be 55 or over. Prices on this development start from 25% equity share.You will need a minimum 5% deposi...

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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