The process of buying a "Shared Ownership" property is very similar to the "normal" process of buying a property. The only difference is that the paperwork involved is greater and involves more documentation than in the "normal" buying process.
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The principle of Shared Ownership simply involves the purchase of a percentage of a property rather than buying the property outright. Why the process includes lengthier documentation than a "normal" purchase is that the property will always be leasehold which makes it even more important that you seek clear professional advice from our experienced property specialists.
We will explain the process to you in a jargon free way to ensure that you best interests are protected at all times and that you are aware of the obligations that are contained in the legal documentation.
It might now also be a good time to consider making a Will and consider whether your change in circumstances will impact on tax planning.
Contact us today for help and advice about Shared Ownership.
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