|Losing the plot|
Increasing property prices and the inability of first time buyers to get onto the property ladder have given rise to the introduction of a number of schemes known as Shared Ownership schemes.
Shared ownership schemes enable individuals:
- to purchase a share of a property
- lease on payment of a rent the remainder from a housing association or similar body
In most of the schemes, individuals will have the right to acquire additional tranches of the property. This means the property can be purchased in stages.
The paperwork for shared ownership properties is complex. It involves ensuring that the lease and associated paperwork is all in order and that the financial aspects are fully covered.
The amount of rent payable to the Housing Associations can sometimes be expensive.
At Hart Brown we will ensure that you are fully aware not only of the immediate financial cost but also any future cost.
We will provide you with full, clear and easy to follow reports to enable you to understand the paperwork behind the property that you are hoping to buy