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These examples explain situations worth discussing. They are not records of actual clients, approvals, quotations or completed transactions. Any outcome would depend on an individual assessment.
A buyer compares the mortgage payment with rent and service charges on the rest. All recurring housing costs belong in the budget.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
An existing owner wants to staircase. The new share price, lease arrangements and finance costs need reviewing together.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
An owner wants to move. Resale restrictions and the housing provider's process affect the timetable.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
A buyer or homeowner wants to discuss shared ownership. Two points need attention: full property value and share price; housing provider and scheme details. Alongside the mortgage, allow for rent, service charges, repairs and any ground rent under the lease. The evidence and the decision need to be considered together rather than in isolation.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
A buyer or homeowner has started a conversation about shared ownership, but the brief has changed. The review revisits two points: rent and service charge information; lease and deposit source. The next step is agreed using the updated facts, with any unresolved questions recorded.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
Alongside the mortgage, allow for rent, service charges, repairs and any ground rent under the lease. Ask how those amounts may change and how buying additional shares works. Your solicitor needs to review the lease and resale restrictions.