Solicitors in Stockport recommend shared ownership scheme

The first shared-ownership properties in Stockport are available for purchase. The development is situated at Blackberry Lane, Brinnington, Stockport SK5 8LA; construction is set to complete in late October.

Stockport Homes, in partnership with Mansell Construction, are building eight, three bedroom homes for shared ownership on the former Tame Valley primary school site after receiving £288, 000 in support from the Homes and Communities Agency (HCA).

Conveyancing Solicitors in Stockport are recommending the development as an alternative to individuals that are not financially able to purchase a property on their own or put together the required deposit.

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Director of technical services at Stockport Homes, Mark Hudson, said: “We have worked closely with Stockport Council to secure and promote the site through the planning process to help bring these high quality shared equity homes to market and hope they will prove popular with local people. ”

Alternative financing schemes are becoming an increasingly popular option for first-time buyers and young individuals due to the current economic climate. As such,  Solicitors are gaining more experience handling the extra work involved when carrying out a purchase under a certain scheme, ensuring that completion takes place within a suitable time frame.

Each loan varies in terms of the repayment period and who can qualify for assistance; Conveyancing Solicitors in Stockport are able to advise clients on the full implications of these schemes.

Purchasers are also urged to exercise caution when buying a new house direct from the developer as the building will sometimes still be in the course of construction, as is the case with the above development. New-build homes present certain additional concerns for Solicitors in Stockport; does the property have appropriate planning permission? Is there a valid warranty, such as NHBC?

An experienced Solicitor can guide you through the entire process, giving you straightforward advice to guarantee that your home move is as quick and stress-free as possible.

For more information, contact Fridaysmove on 0330 660 0286.