Making joint ownership of property easier
‘Joint ownership is often the most accessible way to buy your first property, but it does have some downsides’
You may well have decided on joint ownership of property as a way to get a foot on the housing ladder. It’s a good idea but one that needs careful consideration. Issues may arise if circumstances change later on, so it pays to have legal advice at an early stage.
Be prepared for an uncertain future
We’ve an experience team of solicitors who can help you with problems that arise through joint ownership of property. If you fall out with your fellow owners, it can be difficult to agree what should happen to the property. For instance:
- Who will pay the mortgage and other expenses if one of you moves out?
- What happens if one of you wants to sell?
- How do you decide who should receive what share if it is sold?
Knowing your options and rights – and those of your fellow owners – early on can make these problems easier to deal with. Our property disputes team will give you all the practical advice and guidance you need. What’s more, our costs will be clearly explained throughout so you won’t get any unexpected surprises later on.