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Shared Ownership

 

 

Lead Contact

Tim Logan

Senior Partner, Solicitor

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Efficient and experienced

Shared ownership is available to first time buyers to get them on the housing ladder. This offers them the opportunity to purchase a percentage of a property in conjunction with a housing association. In return, they will be able to secure a mortgage against the property and will pay rent to the housing association in addition to repaying their mortgage.

The lease drafted by the housing association will require a meticulous review to ensure that you are fully advised on the provisions of the lease and any restrictions it may place on your ownership of the property.

At Ellisons we appreciate the importance of a first home to our clients and we want to ensure that they are happy with it. That’s why we strive to ensure that every buyer knows exactly what they are getting so that they can maximise the use of their new home.

We will also advise you of the annual or monthly rent due under the lease as well as report to you on the mortgage you have taken out (if applicable).

How we can help

 

At Ellisons, our lawyers know that the client is key to the transaction, and we build the process around you. We keep our fees transparent, our communication frequent, and take a proactive approach to property transactions; considering your intentions and ambitions for a property purchase or any specific needs you may have regarding dates for completion or issues preventing exchange.

We are also accredited with the Law Society’s Conveyancing Quality Scheme (CQS) – the mark of excellence for the home buying process which illustrates our excellence in this field, as well as being a Lexcel Accredited firm.

 

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Get in touch

If you have any enquiries please contact any one of our specialist team who would be pleased to advise you on your options. You can also contact your lawyer individually from ‘Our People’ using the link below.

Our People

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