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.
Tara joined Eldridges in 2022 after gaining a range of experience and skills at other firms based locally and in Berkshire. Tara currently works in our Conveyancing Department and has quickly become an invaluable member of the team. Her personal approach and expertise has meant that she has been able to assist numerous clients on a variety of differing conveyancing matters.
Tara obtained her Law degree from Plymouth University. Tara has been specialising in conveyancing since 2019. Prior to this, Tara was working in immigration law, which built up her skills as an effective communicator.
Outside of work, Tara is a keen camper and will jump on any chance to get away to the countryside. This is particularly true if she can also bring her kayak with her. As well as camping, Tara is a massive music fan and loves to go to gigs to listen to live music.