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Topic: shared ownership

  • Marie Moule - Residential Conveyancing
    Shared ownership: A Current Explanation

    Shared ownership: A Current Explanation Often when purchasing a property, we do not do it alone. Our reasons may differ, for example a couple may wish to start a family or business partners may seek to make an investment but the law that governs how we recognise ownership of property stays the same. Explaining property… Learn more

  • Sarah Sainsbury - Residential Conveyancing
    What is a Joint Tenant?

    What is a joint tenant?   When purchasing a property, your solicitors will ask at some point during the transaction how you want to own the property and the terms used are either joint tenants or tenants in common. This usually leads to some confusion due to the terminology used as usually the term tenant… Learn more

  • Chris Barber - Residential Conveyancing
    Property and parents helping with deposits

    Parental support in buying property There are two key ways in which parental support works. The first is where the parent lends (or gifts) the deposit, but then the property is just in the child’s name. The second is where there is a shared ownership, and the parent treats their interest in the property as… Learn more

  • Jyoti Patel - Residential Conveyancing
    Are shared ownership houses more expensive?

    Shared ownership houses are a great way to get your foot on the property ladder. The aim is make sure that you can own part of the property and then ‘staircase’ up to the full ownership. You buy a share of the property, usually 25%- 75% of the property and pay rent on the remaining… Learn more

  • Rebecca Gunn - Residential Conveyancing
    Property: Shared Ownership with Parents

    Buying a property on your own can be hard. Many first-time buyers opt to purchase their house with the help of their parents, by going down the route of shared ownership, but what are the implications of doing this?             Implications of shared ownership with parents   Shared ownership with parents… Learn more

  • Rebecca Gunn - Residential Conveyancing
    What is shared ownership?

    Shared ownerships are provided through housing associations. Between 25% – 75% of the home’s value is purchased, and rent paid on the remaining share. Mortgages are usually taken out to pay for the purchase of a share of a house. Shared ownership properties are always leasehold.   Houses can be bought through shared ownership if:… Learn more

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