Shared ownership transactions – beware the pitfalls

3rd August 2015 by

Sadly, many of those who instruct residential conveyancing solicitors to proceed with a shared ownership transaction may fail to take account of some of the ramifications of this type of property ownership.

For example, if you have part equity in a shared ownership property it can be difficult to sell the property on. This is because Housing Associations sometimes require that sellers buy up full equity before proceeding with a sale – inevitably, for the typically cash-strapped shared ownership seller, this can present problems.

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