Shared Ownership

Once you have lived in the property for a certain amount of time (usually one year) you are able to staircase and buy more shares in minimum 10% increments, or alternatively purchase the property outright. There are some terms and conditions around selling, but we can talk you through these so it’s not as daunting.

Yes, you are able to sell the property. The Housing Association who own the other share will usually have a period in which they have to sell the property on your behalf, somewhere between 6 and 8 weeks usually. Once the property has been on the market for the period of time stipulated, you are able to sell on the open market. However, you must sell at the price that the property has been valued at and you will only take your share away with you.

Yes you can. You are more than welcome to use your own legal team and obtain your own financial advice.

You are able to change the property aesthetically whilst you live there within the restrictions of your contract. However, please bear in mind that if you increase the value of the property by paying to make these changes then you will only benefit from 25% of the property value increase- unless you purchase the property in full.