It’s important that buyers have an independent solicitor, someone who isn’t acting for the Housing Association or the lender. The solicitor’s job is to guide people through the process of buying their own home. This includes:
Giving them advice on the Shared Ownership lease.Explaining the homeowner’s obligations and responsibilities. Preparing all of the legal paperwork. Arranging the exchange and legal completion of the home purchase.There are a number of solicitors who specialise in Shared Ownership and we can recommend one from our panel. If the chosen solicitor isn’t familiar with the processes involved we’ll be happy to work together with the Housing Association to ensure that they understand every step.
If you have subscribed to our newsletters you will have seen that our shared ownership scheme is now up and running again across parts of the UK.
It is with regret that we have to announce that our main lender, KRBS (now part of The One Savings Bank plc), has decided that it can no longer consider supporting the HOLD (Home Ownership for people with a Long-term Disability) scheme.
Whilst we continue to work tirelessly to launch our new shared ownership model we are still unable to announce when this might be available.
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