Shared Ownership

Increasingly, many people are taking advantage of shared ownership schemes in order to purchase a property. These types of schemes can help people get on the property ladder. It is an alternative to full ownership or renting.

Generally speaking, the buyer purchases a percentage stake in the property (usually between 25%-75%) and pays rent on the remainder. The scheme normally operates in a manner which would allow you to purchase the remainder in the property at a later date.

If you are purchasing a shared ownership property there are a variety of rules and regulations that you need to be aware of.  These can have an impact if you wish to sell the property in future so you should be felly aware of them from the outset.

We have advised many people throughout Ormskirk, Burscough, Southport, Mawdesley, Wigan, Skelmersdale, Parbold and across Lancashire and Merseyside in relation to shared ownership schemes. Our specialist conveyancing and property solicitors will be able to help you.

If you would like further information, please call us on 01695 574 201 or email David Lunn.

If you would like to speak to a member of our conveyancing team or obtain a no obligation quote please contact Katherine Greenwood via email or call our office.

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