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Gorvins Residential conveyancing solicitors have experience in dealing with the complex nature of help to buy/shared ownership leases and we can confidently advise, assist and guide you through the process of purchasing your new home through these schemes.
Get a free quote for purchasing or selling your shared property. Call our shared ownership experts on 0161 930 5350, e-mail enquiries@gorvinsresi.comor fill in the online form
Help to Buy/Shared Ownership schemes, over recent years, have become a more realistic option for many people struggling to afford their own home.
Generally run through Housing Associations or Registered Social Landlords, these schemes operate whereby you purchase a share of the property (with a mortgage) and then pay rent on the remaining share you do not own.
There are a variety of schemes already in place and most have terms which allow the buyer to pay for further percentages in the property over time and ultimately buy the property outright.
All of these schemes have complicated terms and conditions attached and only a selection of mortgage lenders will lend money on them so is important to check with an independent financial advisor before entering into one.
Some private developers will also offer similar schemes to Help to Buy, known as Shared Equity, however a wider range of conditions applies.
It is crucial that anyone buying a property under one of these schemes seeks the advice of a lawyer before proceeding. Gorvins Residential are highly skilled solicitors specialised in shared ownership that can properly advise you on the terms and conditions of the scheme and your mortgage lender.
To discuss a Help to Buy/Shared Ownership or Shared Equity scheme, contact a member of the residential property team on 0161 930 5350, e-mail enquiries@gorvinsresi.com or fill in the online form.
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Gorvins Residential LLP
Gorvins Residential is the trading name of
Gorvins Residential LLP
Dale House,
Tiviot Dale,
Stockport,
SK1 1TA
