Shared ownership is an important aspect of affordable home ownership. It enables people who would not be able to afford a property, to ‘get onto the ladder’ by part buy/ part rent. Staircasing is a process whereby you start by owning a small proportion of your property. Once you have completed your purchase you can buy further shares in your property. This process enables you to gradually own a greater proportion of your home.
We are specialists in this area and have been at the forefront of shared ownership for in excess of 30 years. We were involved in the drafting of the first shared ownership lease and were part of the Joseph Roundtree Taskforce which considered the future of affordable home ownership in its report entitled “Swamps and Alligators” and were involved in the early regeneration projects, which included mixed property ownership known as flexible tenure.
As a result, we have great experience in acting for purchasers of new build properties from Housing Associations and Developers; with Help to Buy, or through the First Steps scheme in London. We also handle with subsequent staircasing and resales.
Our Team offers a friendly, prompt competitive service; and will guide you through the process in an easy-to-understand, step by step process. We will explain the different steps, and what to expect at each stage. We recognise that moving home is an anxious time for all. Our aim is to reduce the stress involved, so that you can concentrate on the other important issues in moving.
If you have any involvement in shared affordable home ownership, as a scheme provider, seller or purchaser, do contact our social housing team.