Our work
Property transactions can often be stressful, and the conveyancing process can seem somewhat bewildering and daunting to anyone who is unfamiliar with it. That’s why, at MSB, we work closely with our clients to guide them through the process and ensure a smooth and efficient transaction.
Arrange a consultation:
Our expert residential conveyancing team provides sector-leading services and advice, guiding our clients through the very best solutions for their ventures. It’s often the biggest single transaction people will make, so it’s important to get it right. Get in touch with our team of experts to arrange a consultation.
“It is always a privilege as an advocate to represent a client of MSB: the case will be well prepared, the issues clearly identified, the instructions clear and the paperwork in order. The client will have received sympathetic but sound advice and will have been given (whether accepted or not) an unembellished “prognosis” of prospects of success.”
Understanding the issue
Shared Ownership is a term used in conveyancing when you purchase a share in a property from a Housing Association. The Housing Association retains ownership of part of the property and you pay rent to them on the share you don’t own.
Purchasing property in this way allows buyers who cannot afford to purchase property in the traditional way to get their foot on the property ladder and own their own home. Once a share in the property has been purchased, the buyer has the opportunity to purchase more shares as time goes by and they can afford to do so, to own the property outright.
Every transaction is different, and the timescale can depend on a number of factors, such as the time taken to obtain mortgage offers, conveyancing searches, dealing with solicitors enquires and the number of parties in the chain. For this reason, we work with our clients on a case-by-case basis, taking the pressure off them to complete the transaction quickly and effectively.
Shared ownership transactions follow the traditional route of requesting searches and raising enquiries, however mortgage lenders always have different requirements and special conditions to satisfy with shared ownership transactions in addition to the Housing Association requirements. There are additional legal requirements that need to be dealt with which differ from the traditional route of purchasing a property. At MSB, it is our responsibility to ensure we guide and advise you through these and that everything is dealt with in the appropriate manner.
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Why MSB?
We have an experienced team of highly qualified solicitors with over 20 years’ experience in all aspects of conveyancing.
It is our aim to guide you through the process and make is as trouble-free as possible by providing a high quality, personal and friendly service dealing with any issues in a manner you can understand rather than legal jargon.
We hold the prestigious Law Society Conveyancing Quality Scheme (CQS) Kitemark which is granted to firms of solicitors who can demonstrate recognised quality standards for residential conveyancing practices.
Funding options
We aim to be completely transparent regarding our conveyancing fees. Our quote will include a detailed breakdown of the conveyancing costs and the conveyancing expenses required to complete the transaction.
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