Podcast Location:
Download it here [file size: 21.4 MB]
Categories:
Real Estate & Property Law
Private Client: Wills, Trusts & Lifetime Planning
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This is trying to give a better understanding of shared ownership properties within the market place and for conveyancers to understand the procedures involved in acting in these transactions. It also pays regard to the practice benefits which may flow from acting in this type of work.

Outcomes:
After completing the course you will:
  • Have an appreciation of the role of shared ownership properties in the housing sector and their target market;
  • Understand the practice benefits that may flow from acting in relation to shared ownership properties;
  • Know the documentation you will receive when acting in the purchase of a new build shared ownership property;
  • Understand the conditions that will be attached to a mortgage offer over a shared ownership property;
  • Gain an insight into the complexities of paying stamp duty on shared ownership properties.
Level:
Intermediate Difficulty: 3 of 5
Sources and References:
  • Council of Mortgage Lenders Handbook;
  • March 2008 Budget.

Shared ownership properties are becoming increasingly popular means of getting onto the property ladder. With a difficult market purchasers are looking more often at different ways of purchasing a property, with shared ownership becoming a popular choice. This podcast discusses the various traps that may be encountered when acting in this regard and also the helpful tips that every property practitioner should know!

Podcast Added: 12/12/08

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