Shared Ownership in Greater Manchester
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 through shared ownership in Greater Manchester 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.
Part Buy Part Rent in Greater Manchester
Greater Manchester is one of the largest metropolitan counties in the North-West region of England, bordered by Cheshire, Merseyside, Lancashire and Merseyside. It is an area known for its industrial heritage and having a proud history in politics, the arts and sport. It encompasses ten metropolitan boroughs: Bolton, Bury, Oldham, Rochdale, Stockport, Tameside, Trafford, and the cities of Manchester and Salford.
Manchester city centre is famous for its shops and nighlife, hotels and restaurants, whilst the surrounding Greater Manchester areas contain opportunities to experience and enjoy attractions in the many green spaces and waterways.
The city of Manchester lies at the heart of the North West transport network, having good rail links and motorway access to all parts of the country. Metrolink is Greater Manchester's light railway network, giving the towns of Altrincham, Ashton-under-Lyne, Bury, Didsbury, Eccles, Manchester Airport and Rochdale easy access to the city centre. For journeys further afield, Manchester has numerous stations providing links to all parts of the country. Manchester Airport is the third largest in the country and has flights to many of the worlds favourite destinations.