A shared ownership scheme has been introduced in a charming rural location between Cross Hills and Sutton-in-Craven where fifteen homes will be made available for local people to either buy or rent.

Rebecca Sellers, a member of Jephson’s development team, said: “First time buyers are finding it increasingly hard to get onto the property ladder. In a rural village like Sutton-in-Craven, property prices often force young buyers out of the area in which they grew up and this kind of housing is invaluable in those kinds of circumstances. It is perfect for the first time buyer to get on the property ladder and the shared ownership properties in Holme Lane are available to people with a local connection. We are very grateful for the support we have received from Craven District Council and from the Homes and Communities Agency to make this development possible.”

The scheme involved working closely with Craven District Council and Jephson received £186,000 funding from the Homes and Communities Agency. Ten of the homes are rented properties and will be let to people nominated by Craven District Council and five of the homes will be sold to people with a local connection on a shared ownership basis or at a discounted price. The homes have been built by local developer, J&H Cotterill Developers, on the former Thompson Woodturners industrial site and some people will take possession by Christmas.

Jephson’s shared ownership homes on the site are available to part-rent/part-buy from only £37,500 for a 25 per cent share, with a 50 per cent share at £75,000. Two of the properties are also available for outright purchase for £94,000.