Transfer of Equity
Shared Ownership Schemes are a cross between buying and renting and are aimed mainly at first-time buyers. You own a share and then pay rent on the part you do not own at a reduced rate. You buy between a quarter and three-quarters of a property. You sometimes have the option to buy a bigger share in the property at a later date.
Most of the homes available are newly built, but some are properties being re-sold by housing associations.
These Schemes are complex and usually require some transfer of equity making the whole process difficult to understand. We can provide you with advice and assistance to help you understand the from start to finish.
For more information about the conveyancing process please click on the Downloads link below and refer to Flowcharts.
For a free initial quote without obligation please email email@example.com or call us on 01709 510999.