Shared Ownership
Shared ownership conveyancing advice on leases, rent and future share purchases from solicitors in Billericay, Essex.
About Shared Ownership
Shared ownership usually combines ownership of a share with rent payable on the remaining share under a lease. Service charges, repairs, resale restrictions and the ability to buy further shares depend on the scheme and lease. The initial purchase price is only part of the ongoing financial commitment.
Key Points
- Review rent, service charges and repair obligations.
- Check the rules for buying more shares and selling.
- Understand the lease as well as the share being purchased.
How We Can Help
We review the scheme documents and explain the lease terms in the context of your purchase. We help identify restrictions and future obligations before exchange, working through the legal requirements of the housing provider and any mortgage lender.
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Contact our residential conveyancing team for specialist advice on your shared ownership matter.