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chatham-chamber
chatham-chamber, Solicitor
Category: Property Law
Satisfied Customers: 13613
Experience:  LL.B, Pg.Dip, LL.M, M.B.A (Pending), Solicitor-Advocate. UK Practising Certificate issued by SRA., DIFC Courts Registered (Dubai)
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Shared ownership staircase now? Assistant: What steps have

Customer Question

Shared ownership staircase now?
Assistant: What steps have been taken so far? Has any paperwork been prepared or filed?
Customer: None, I own 70% and would like to staircase you 100%. Is it the right time? I’m fixed on a 5year mortgage.
Assistant: Where is the property located?
Customer: South east london
Assistant: Anything else you want the Lawyer to know before I connect you?
Customer: No
Submitted: 5 days ago.
Category: Property Law
Expert:  chatham-chamber replied 5 days ago.

Hi,

Thank you for your query. Where it is right time to staircase up to 100% would depend on your financial circumstances. At present, property prices have dropped and it may be beneficial to do so now as the market value would be lower, this costing you less.

However, you should take independent financial advice and make your own calculations.

I hope this answers your questions. If so, kindly rate the answer and provide feedback.

If you have any further questions, please do not hesitate to ask.

Many thanks