Plans to help First Time Buyers with New Shared Ownership Model

Plans have been announced by the Government for a new model for shared ownership which would mean that homeowners would be able to increase their share of a property at lower increments.

The changes to the shared ownership scheme would mean that people would be able to buy their home in 1% chunks, rather than having to pay 10% at a time, in the process known as ‘staircasing’. The current model allows for 10% increments which can be for as much as £45,000.

At mosshaselhurst we have helped numerous clients to buy their property under the shared ownership scheme. Contact our Residential Property team on 01606 74301 and we will be happy to assist.