

They are often associated with first time buyers and typically allow the purchaser to buy between 51% and 80% of the total property value with the balance held by the developer or housing association. Funding your purchase price is typically done using a shared equity mortgage – something our in-house IFA can help you explore in more detail.
Shared Equity schemes can be a big help if you’re on a low income. It can take many years to save a deposit of 10%-20% of a property’s value, so being able to reduce this commitment significantly can allow first time buyers to get a step on the ladder sooner than otherwise might be possible. Of course, there are other considerations like the speed of house price inflation and this is where our experts can help you make an informed decision on whether Shared Equity is right for you. Our property team offers practical advice on individual schemes and their relative suitability. In addition, we manage the entire conveyancing process for you, constantly keeping you up to date with the progress of your application and minimising the stress of what will be among the largest financial transactions you will make.
For more information on Shared Equity Purchases, call us on 0141 227 2200 or use the contact form below.
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