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CUSTOMER SERVICES
Shared Ownership
The Association currently has over 100 shared ownership units throughout the Lanarkshire area.

What is shared ownership?

Shared Ownership is a form of low cost home ownership which enables you to buy a house in stages, if you cannot afford to buy a property outright. A discounted occupancy payment is then paid on the remaining share that you do not buy.

Normally, you would initially purchase a 25% or 50% share and then, subsequently you have the opportunity to purchase additional 25% shares after a one year period has elapsed from the original purchase. In this way shared ownership allows you to increase your ownership, over a period of time, until outright ownership is attained, if desired. This process is referred to as “staircasing”. Each staircasing step will automatically reduce the amount of occupancy charge proportionately.

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Lanarkshire HA
          191 Brandon Street, Motherwell, Lanarkshire ML1 1RS  Tel: 01698 269119   Click here to email us
          Registered Scottish Charity No. SC042523
          Property Factor Reg. No. PF000275
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