Shared ownership at Petre Wood, Ribble Valley, BB6 8FE

Petre Wood

Petre Wood, Langho, Blackburn, BB6 8FE

For salenew home
Shared ownership
Live from space album cover

from

£192,500

2 bedroom

from

£232,000

3 bedroom

Register interest

from £67,375

with min. deposit £3,369

£67,375

2 bedroom Bungalow

£68,250

2 bedroom Semi-detached house

£81,200

3 bedroom Semi-detached house

Availability

For sale

For sale

For sale

Minimum share

35%

35%

35%

Full market price

£192,500

£195,000

£232,000

Deposit from

£3,369

£3,413

£4,060

Monthly service charge

£0

£0

£0

Bedrooms

2

2

3

Bathrooms

1

1

1

Reception rooms

1

1

1

Furniture status

unfurnished

unfurnished

unfurnished

Floor area

63

70

-

Number of floors

1

2

2

Entrance floor

Ground floor

Ground floor

Ground floor

Tenure

leasehold

leasehold

leasehold

Property features

Off street parking
Off street parking
Off street parking

Overview

***Our 'Calder' show home is now open - register your interest to book a viewing***Introducing Petre Wood, a collection of two and three bedroom homes available to purchase through Shared Ownership in Langho, Blackburn. What is Shared Ownership? Shared Ownership is a part-buy, part-rent scheme for people who can't afford to buy a home with a commercially-available mortgage. It's backed by the government, and is a way to buy a share in a home now with the option to buy more of it in the future. You'll need a minimum level of income/savings depending on the value of the home you want to buy. If you're interested in one of these p...

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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