Co-Ownership - How It Works
Co-ownership offers the opportunity to part own the property and enjoy up to 13 weeks every year
Surveys have concluded that most outright owners spend less than 12 weeks per year in their property, but have to pay costs (rates, insurance, utilities, maintenance, periodic repainting of exterior & interior etc.), for 52 weeks.
Essentially, Co-ownership allows like-minded people to purchase a property outright by combining their resources. So, rather than one individual owning a property, there are, say, four owners. Each co-owner enjoys the same amount of time in the property each year, whilst also participating fully in the long-term value-growth of their property over time.
The procedure for co-ownership is similar to sole purchase except for an additional pre-signed co-ownership agreement. This legal agreement records the intentions and purposes of the co-owners and the details of the property being purchased, details and procedures including occupancy schedules, responsibilities to each co-owner in maintaining occupancy standards, and procedures for selling shares in the future. It gives each co-owner peace of mind that their investment is always in good hands. The whole purchasing procedure is handled by fully indemnified British and International lawyers who ensure all procedures and payments are legal and secure.
Click here to display a list of properties currently available for co-ownership. Please be sure to click on the 'register interest' button to let us know you are interested interest in a property and allow us to contact you with further details.
Instead of financially committing to purchase, say a 2 bedroom 2 bathroom apartment for around £120,000, a quarter share in that same 2 bedroom 2 bathroom apartment would be only £30,000!
A beautiful 3 bedroom 2 bathroom detached villa with its own pool for less than £50,000!
Ideal for family groups, fellow golfers or club members, work colleagues, friends, etc.
Co-ownership offers the opportunity to part own the property and enjoy up to 13 weeks every year.
The Benefits
- Part own a larger more luxurious property
- Commit to a much reduced Financial outlay than buying outright.
- Fully protect your rights through pre sale Co-ownership Agreement
- Enjoy 13 weeks occupancy each and every year
- Have your name on the Property Deeds
- Have an equal share in the value and any future Capital Growth of the Property
- Share Annual costs equally; a quarter of costs of outright purchase
- Live the dream now
Click here to continue to a list of properties currently available for co-ownership. Please be sure to click on the 'register interest' button to let us know you are interested interest in a property and allow us to contact you with further details.
EXAMPLE OCCUPANCY CALENDAR
