Homebuy/Shared Ownership
Many people think they cannot afford to purchase a home for themselves due to various circumstances often financial.
However, shared ownership (now called "Homebuy") is a scheme which is part rent and part buy, designed to help people buy a home of their own where they otherwise could not afford to raise the market price.
Applicants usually purchase a 50% share in a shared ownership property, although shares between 25% and 75% may be available. A subsidised rent is payable on the remaining share.
The Law relating to shared ownership is particularly complex and you need to have the assistance of an expert in this field. In our Brentwood (Knight Court) Office Susan Denford is the person you should talk to as she has considerable experience dealing with transactions of this nature and she can advise you fully in choosing a property, arranging the finance and dealing with all the necessary legal formalities and Government Assists. We also advise on new schemes such as Mychoicehomebuy and Own Home.
If you would like further details please telephone Susan Denford or contact her by e-mail, using the contact button on this page.
Estate Offices, Coronation Drive, Elm Park, Hornchurch, Essex, RM12 5BL T: 01708 474019 F:01708 452465
111 High Street, Billericay, Essex, CM12 9AJ T: 01277 633355 F: 01277 633377
Knight Court, 47 Crown Street, Brentwood, Essex, CM14 4BD T: 01277 202500 F: 01277 202555
19/21 Ongar Road, Brentwood, Essex, CM15 9AU T: 01277 262822 F: 01277 232418