Shared Ownership SOLICITORS South London

As specialists in shared ownership property law, we are proud to offer our expertise as panel solicitors in all shared ownership cases. We are recommended across a number of housing associations for shared ownership properties South London and the surrounding area, with plenty of experience amongst our staff in order to navigate complexities, documentation and more.

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We also aim to ensure that each of our clients has a smooth purchase experience with us, regardless of the housing association from which you are looking to purchase. We are often engaged at the start of any development with many Shared ownership South London processes, so rest assured that we are prepared to offer expertise and legal support utilising our experience in conveyancing to its fullest.

Shared Ownership Properties Solicitors in South London

Due to the volume of shared ownership South London matters that our solicitors deal with, we have the necessary experience from which to operate through conveyancing and other shared property-related concerns. We are able to cover a range of different issues within shared ownerships, as follows:

Initial Share

When initially purchasing your first shared ownership property, there are often time constraints you need to operate within, usually as little as 28 days. Navigating what seems like complex paperwork and a high volume of work within this time frame, particularly without assistance, may seem to be impossible. With our solicitors by your side, you can rest assured that you’ll have the expert support that you need. We work closely with housing associations specialising in shared ownership properties South London on a regular basis, and thus are likely to have done initial searches and other enquiries before you think to ask us to. For this reason, we are able to reach the 28-day deadline, act within legalities specific to you and your new property, and ensure this is all completed within your best interests.

Staircasing

This is an odd phrase used for purchasing extra percentages in your shared ownership lease. For example, it you are purchasing a further 10% or the remaining balance of the property, we are able to assist you in this secondary transaction. If you require further advances from your current lender or if you are in need of a completely new mortgage in order to buy the additional amounts, then we will deal with this for you through our shared ownership South London services. Staircasing must often be completed within just three months of valuation, failing which you need a new valuation or the price could go up. As a result, we understand the importance of meeting this timeframe and are therefore able to complete all staircasing matters within the time frame allowed.

Re-Selling

When it comes to selling a shared ownership lease there are certain complexities within the agreement. This will need to be looked at, understood, and clearly thought through before you can place your property on the open market. The housing association do have the first right of refusal, by way of surrendering the lease back to them or they can opt to find you a purchaser for the property. This is, of course, subject to agreeing a sale at market value for you. If the housing association fail to assist you within an adequate time, then you can place the property on the open market yourself.

You can either sell the actual percentage that you own or 100% of your shared ownership properties South London. To sell more than you own, we will arrange simultaneous staircasing, which means that you complete the staircasing and the sale at the same time.

For more information regarding all types of Shared Ownership matters, please call our Specialist, Kelly Cirillo, in our Mitcham office, on 020 8646 4885 or email her at Kelly@p-llp.net.

 

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