Let us help you
01782 577000

Shared ownership

Make a quick enquiry

Contact

rachel silvester

Rachel Silvester

Solicitor

Head of Residential Conveyancing

Email Rachel

Gemma Beardmore

Residential property solicitor

Email Gemma

Beth Stanway

Conveyancer

Email Beth

Buying a part share in a property

Putting a shared ownership property on the market?

First time buyers finding it hard to get onto the property ladder can seek assistance form shared ownership schemes. Under these schemes, the buyer pays a reduced percentage of the purchase price and the rest is funded by a housing association. The buyer then pays rental fees for the proportion of the property they do not own with the option of buying it at a later date.

We can also advise you regarding the latest government schemes to encourage home ownership, including:

  • Help to Buy
  • Shared ownership
  • New buy
  • Help to buy mortgage guarantees

Shared ownership schemes can have complicated leases so it is important that you are fully aware of the terms of the scheme structure before you sign up. When it comes to selling your shared ownership property you have to adhere to the set procedure, notifying your housing association and giving them first refusal to buy the property.

Myers & Co Solicitors have extensive experience of dealing with sales and purchases of shared ownership properties and will make sure that you understand what your options are under your particular scheme. We have an excellent working relationship with many housing associations, with whom we will liaise with in your behalf.

Your mortgage company will also have very strict requirements and we will advise you on your obligations and conditions. Myers & Co Solicitors will do everything they can to help you secure your first home and get your family onto the property ladder.

Get a free conveyancing quote

Call us on 01782 577 000 and one of our friendly and helpful team will provide you with a personalised quote for any of our services. Or you can receive an immediate online quote for:

  • buying or selling a freehold residential property;
  • buying or selling a leasehold residential property;
  • mortgage or remortgaging.

Based in Stoke-on-Trent, Staffordshire, our specialist residential property solicitors provide conveyancing services throughout Staffordshire and Cheshire.  To find out more, contact us on 01782 577000.

Make a quick enquiry

Useful resources

Guide to buying or selling your home

 

This details:

  • the conveyancing processes; and
  • the information which you need to collect.

Understanding conveyancing fees, searches and additional costs

 

This explains:

  • the basis of our legal fees
  • searches; and
  • the additional costs (disbursements).

Reducing the risk of property fraud

 

This guide outlines:

  • the information you will need to prove your identity; and
  • other steps to prevent fraud in conveyancing transaction.
multibar

Latest News

12Jun

Selling a leasehold property where there is a problem or dispute

If you are selling a leasehold property, as part of the standard...

09Apr

Budget 2024 update; buying more than one property

The Government’s 2024 Spring Budget saw significant changes to the way property...

15Mar

What to expect when buying a home

When buying a home, especially for the first time, there can be...

Read more >