Part Buy Part Rent in Devon
Finding your first home might seem like a daunting process, that’s why here at Property Booking we aim to make your search for property as effortless as possible.
Shared Ownership, sometimes known as part-buy, part-rent, is a Government-backed scheme which enables you to buy a share of a new property. The share you buy is usually between 25% and 75%. You then pay a low, subsidised rent on the remaining share you don’t own.
This means that the amounts you need for a deposit and for your mortgage repayments are significantly lower than if you were buying outright. You borrow only what you can afford to repay.
Read more about What is Shared Ownership?
Devon is a county in the South West of England, bounded by Somerset, Cornwall and Dorset, with Exeter as its county town. The landscape is made up of a mixture of terrains, from pretty seaside coastal resorts, fishing villages and ports, to the National Parks located in Dartmoor and Exmoor; there is plenty to keep the whole family occupied!
North Devon is primarily very rural with few major towns except Barnstaple, Ilfracombe, Bideford and Great Torrington. However, these Atlantic- facing towns offer excellent surfing conditions, adored by surfers of all abilities, with the beaches at Croyde, Saunton, Westward-Ho and Woolacombe, being the main surfing areas. The South Devon landscape consists of rolling hills dotted with small towns, such as Dartmouth, Ivybridge, Kingsbridge, Salcombe and Totnes. It too has great seaside resorts, in the towns of Torquay and Paignton, offering family attractions and fun days out.
By contrast, in looking for a spot of retail therapy, the cities of Exeter and Plymouth offer good shopping experiences, through Exeters Park and Ride Service and Drakes Circus. There are many bespoke shops to explore, along with bars and restaurants. For a historical perspective, the daily boat trips, reveal hidden naval boat yards and views over Plymouth Sound and beyond!
Travelling to this southern county couldn't be easier, with regular rail services running from Exeter, Plymouth and Newton Abbot to popular destinations such London, Birmingham and Bristol. For voyage via sea, ferries depart from Plymouth to popular destinations such as France and Spain, whilst Exeter International Airport provides flights to destinations include London City Airport, Manchester, Dublin, Paris and Amsterdam.