Shared ownership of properties is similar to the normal buying
process, although the transaction and paperwork are more
complicated. It involves purchasing a percentage of the property,
rather than buying the entire property outright.
Shared ownership properties - whether houses or flats - must be
leasehold because you do not own all of the property, so it's
important to seek clear professional advice to make sure you fully
understand the process.
Our team of specialist property solicitors are experienced in
dealing with cases of shared ownership, and will talk you through
the process and your rights. We will protect your best interests at
all times, advising you on the contents of the lease to ensure you
are happy and confident to continue.
If you have not done so already, now is the time to make a Will and
consider whether your change in circumstances will impact on tax
planning.
For more information download our joint ownership information sheet.