Shared ownership schemes are designed to help people who cannot afford to buy the home they need without some form of assistance – not for those who can afford to buy on the open market. Priority is given to key workers, existing council/ housing association tenants and those registered for housing with the council. Most shared owners are first time buyers. The size of the share purchased is usually 50% although smaller or larger shares may be available.
Conveyancing — Buying and Selling Residential Property
We provide expert advice for those wishing to purchase under shared ownership schemes. We have regular contact with the Housing Associations participating in these schemes and understand the procedures and processes that need to be followed.