Shared Ownership and Help to Buy: Acting for the Purchaser

The buying and selling of shared ownership properties and funding the purchase of properties using help to buy funding are an increasingly important sector of the property market. There are vital differences between these transactions and 'standard conveyancing' about which all practioners should be aware. This course is designed to offer a practical guide for practitioners acting for individuals buying or selling a shared ownership property or funding a purchase with a help to buy loan.

The course will cover:

• Introduction to shared ownership
• The role of housing associations and other providers
• The different types of shared ownership lease
• Shared ownership conveyancing issues
• Overview of the shared ownership lease including restrictions on assignment; pre-emption; mortgagee protection; staircasing; extension or variation; consequences of rent or service charge arrears
• Implications of Section 106 Agreements
• SDLT including the making of and effect of a market value election; an explanation of the significant changes to calculation of tax on staircasing and practical problems
• Staircasing; how is it exercised and documented
• Land Registry issues
• Help to buy loans including Help to Buy ISA
• Practical tips and traps