Shared ownership lets you buy part of your house from a social landlord or housing association and then pay rent on the rest. Therefore, this can be a great opportunity for anyone looking to get on the housing ladder. However, you need to be very clear on the terms of the shared ownership as there are potential pitfalls and ongoing costs to consider.
Shared ownership home schemes are governed by the Homes & Communities Agency and housing has to meet stringent Government guidelines.
An important point to also bear in mind is that shared ownership properties are always leasehold rather than freehold. Our expert team will be able to advise you on the implications of this and perform the necessary checks to ensure the terms of the leasehold won’t cause you problems in future.
Our Team specialise in a number of different areas. These are members of our team who specialise in this area. To see how we can help you, please give a team member a call, or alternatively, you can email a member of the team and we’ll get back to you as soon as is possible.
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36 St James Street, Newport, PO30 1LF
01983 556088
Avenue House, Avenue Road, Freshwater, PO40 9UZ
01983 754247
