Conveyancing solicitors dealing with shared ownership schemes in Dorset
Buying a shared ownership property is a popular option for many first-time buyers or people who simply cannot afford to buy outright and this is a great way for many people to get onto the property ladder as it offers a shareholding in a property jointly with either a Housing Association or other body such as a local authority.
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The process is similar to buying a leasehold flat. However, there are rather more rules to consider and it is important that buyers are fully informed of what these mean. You will have flexibility of simply re-selling the share that you have bought or staying put for the longer term and buying a greater stake in the property or even ultimately buying the whole property.
Coles Miller Solicitors have particular expertise at guiding clients through the conveyancing process for shared ownership properties not only in the purchase and sale thereof but also increasing the shareholding (staircasing).
We can help you to review the various schemes available and advise you fully on how they work.
If you would like further information including a estimate please contact a member of our conveyancing team. We are happy to give you initial advice to help you understand the implications, the procedure and the best course of action, before deciding to go ahead.
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