Are you buying a house under a shared ownership scheme?

October 2020

Courtyard Solicitors are able to give you clear and simple advice both on the procedures involved and also act for you in connection with the purchase and any related mortgage.

If you are buying with someone else, we can advise as to whether or not you should buy as joint tenants or tenants in common and if it would be appropriate for there to be a trust deed.

Shared Ownership Schemes provide that the owner of the property, who is often a Housing Association, will grant to you a lease of part of the property and rent the remainder to you.

Initially, you will take a specific percentage share of the property which you are leasing. This is usually in 10% or 25% tranches. The Scheme provides that at a later date, when you are financially able to do so, you can buy additional shares of the property with the intention that eventually you will own 100% of the property.

Please contact us, if you are considering buying a property under a shared ownership scheme, Courtyard Solicitors will be happy to help,

 

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Who are we?

Courtyard Solicitors is a Limited Liability Partnership with offices in London & Devon. We have four partners; Christopher Shepherd, Sean White, Jonathan Green, and Jonathan Lynn. Our partners specialise in all property matters, Power of Attorney, Conveyancing, Wills, Probate, Litigation, Business and Family Law. Each of our experienced solicitors has been practicing in their area of Law for many years and are experts in their respective fields.

We provide a fixed fee for our services where possible, that we believe offers our clients excellent value for money, which is borne out by the positive client testimonials below.

Accreditation

Courtyard Solicitors are accredited by the Law Society. Membership of the Law Society establishes a level of credibility for firms, as their role is to promote excellence in the profession and safeguard the rule of law.

 

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