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Shared Ownership a “stepping stone” between renting and owning your own home.
Hanover Solicitors are specialised Shared Ownership Solicitors Covering: London, Greater London & M25 area.
We are proud to confirm that our success in the Shared Ownership scheme comes from our in-depth knowledge and comprehensive understanding of the issues relating to this complex conveyancing area.
Who Are Hanover Solicitors?
We are an established female only firm of dynamic solicitors, who simply “get the job done”
We only hire the most proactive staff who possess the required knowledge and skills who will act with your best interest, by checking all the legalities, explaining clearly and deal with any issues which may arise.
Hanover Solicitors are pleased to offer one of the best conveyancing rates within the London M25 area.
Our fees are always FIXED and backed with a no move no fee policy this has firmly established us as one of the market leaders.
Specialist Shared Ownership
Shared ownership is a government funded initiative to consider if you are not yet able to fund the cost of a home on your own, enabling people who cannot afford to buy a suitable property on the open market, to purchase a property on a part buy part rent basis. It is an alternative to renting and full ownership.
The purchaser usually purchases 25% - 75% of the value of the home and pays rent on the remainder. The scheme enables people to buy a home in stages with an option to buy more shares later on this is known as (“staircasing”)
Shared ownership residents hold a long term lease usually 99 years, purchased from a housing association that retains the share of the property that you do not purchase.
Shared ownership is open to:
You can also get help through shared ownership if you used to own a home, but can't afford to buy one now.
You can sell your home at any time, but you must tell the housing association in writing.
If you own a share of your home, the housing association has the right to find a buyer for it.
If you own 100 per cent of your home, you can sell it yourself. When you put your home up for sale, the housing association has the right to buy the property back first. This is known as the ‘right of first refusal’. The housing association has this right for 21 years after you fully own the home.
Our Specialist Conveyancing Solicitors
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Some of Our Many Client’s Testimonials:
Hanover provided me with an efficient speedy service. Caroline Joseph the partner was always there to take my calls and handled the Conveyancing excellently, it was a smooth straightforward transaction. (London W10).
Well what can I say… the solicitors were fantastic. (Leagrave Luton).
Very good value for money. As a mortgage broker I have clients that pay double that of Hanover and the service is not half as good . I will have no hesitation of recommending the services of Hanover (London E5).
As a first time buyer it was imperative that I dealt with knowledgeable solicitors who understood the shared ownership market, I was certainly not disappointed.
Dare I say it …. ……’Girl Power’ (London SW3).
From beginning to end the solicitor kept me regularly informed throughout my transaction, she even updated me on a Bank holiday! (Stoke Newington London).