We have acted and continue to act for many businesses and their owners. We understand that it is imperative that your legal matters are handled in a professional and efficient manner.
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.
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.
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.
We have been established over 200 years and are well known in Ormskirk and the surrounding area with generations entrusting their legal requirements to our qualified and experienced solicitors in Ormskirk.
If you’re looking at buying your first home, leasing commercial premises, dealing with a business dispute, a complex family breakdown or any other legal matter, you can contact our team of expert family law and commercial law solicitors for trusted legal support.
We realise that your legal needs will be personal to your situation. Therefore, the service we provide for you will be unique to you and tailored to your requirements.
