Shared Ownership and Equity Charges
Shared ownership schemes, whether with a housing association owning part of the property or providing a loan for the extra value, are increasingly popular and are common ways for people, particularly first time buyers, to buy their first home.
Whilst shared ownership leases do share many similar features to those of more orthodox leasehold property they do have some distinct differences and it is important that you have a solicitor that can fully advise you on how the scheme works.
Poole Alcock are specialists at dealing with all types of shared ownership schemes as well as equity mortgages. We ensure that these matters are dealt with by one of the partners at Poole Alcock so that you will receive a fast and efficient service throughout.
The pros and cons of the scheme will be fully explained to you with details of whether you can buy the whole of the property at a later date and also information regard the lease itself and the monthly charges that you would be required to pay.
For further information, please contact our Conveyancing team free on 0800 389 7093 or email conveyancing@poolealcock.co.uk
