Solicitors for selling a house have a lot of work to do in order to ensure that the sale goes through smoothly. They need to carry out searches and make sure there are no problems or potential pitfalls that could hinder the process.
Is there a difference in their work when it comes to shared ownership?
Shared ownership can be an affordable way for those who might not otherwise be able to have a mortgage to get on the property ladder. It is often run by a Housing Association and conveyancing solicitors should have the expertise to work in this situation. The Housing Association will own the freehold of the property and then the buyer will purchase a share of that. This share could be anything from 25 percent to 75 percent and the buyer then pays rent on the share that the Housing Association still owns.
Anyone who purchases a share in a property like this will have the same rights as a full home owner, but it will cost much less. The Housing Association may have their own recommended conveyancers who will offer them the best solicitor fees for selling a house. However, although there are certain criteria that need to be met, you should still be free to choose your own conveyancer for the process. Since all the same searches and checks need to be made, the job of the conveyancer is the same as with any other house purchase. It’s worth noting that in most cases, a 10 percent deposit will still be required and do be aware that you may also be liable for a service charge on top of the rental cost and mortgage.
When you need to compare solicitors for selling a house, come to Conveyancing Index at https://www.conveyancingindex.co.uk.
Our job is to make sure you get the best price for your conveyancing needs – you can save money.
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