Our property solicitors understand that it is difficult to get your foot on the property ladder in the current economic climate. Many first time buyers find that shared ownership schemes are the best way to get stared.  

The properties bought under a shared ownership scheme are owned by Housing Associations and they enable you to buy a percentage share of the property and pay rent on the remaining share.  The Lease will allow you to obtain further shares in the property (after a certain period) throughout the term if you desire until you own the whole property.  This is known as “staircasing”. 

As, under a shared ownership scheme, you are not buying the whole of the property you will need a smaller deposit and a smaller mortgage.

Our specialist property department will ensure that the contract you will be signing is reasonable and that you fully understand the terms.  We will check the legal title to the property and alert you to any problems that affect your purchase. Our property experts will organise all the paperwork and will register you as the owner with the Land Registry once completion has taken place.  

Contact Us Now

For further information or to arrange an appointment contact a member of the property team on 0115 9 100 200 or email enquiries@actons.co.uk or fill in the contact form below.