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 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.
