Shared Ownership Protection Gold

Our Shared Ownership Protection Gold is a declaration of trust for joint owners of property who want to have a comprehensive agreement setting out their ownership share of the property including clauses on how to exit the property should their relationship break down.

It is recommended for joint owners who are:
✓   Friends



It is NOT recommended for  joint owners who are:
X   Married couples or civil partners
X   In long-term or short-term relationships

Friends require detailed deed of trusts to include procedures on how to live with each other including a cohabitation agreement as the joint owners will want their own space and won't be looking to live with each other for long periods of time as their circumstances change (relationships, marriage, children). 

For more information on  Share Ownership Protection Gold, please call 0333 344 3234.

What does Shared Ownership Protection Gold include?


✓  Your ownership share is clearly stated 
✓  All registered as legal owners 
✓  Fixed share for any distribution on sale (doesn’t account for variations such as differing mortgage repayments)
✓  Calculates how you distribute any gain or loss from rental income (if applicable) 
✓  Mechanism for buying other party’s share of property 
✓  States contribution towards outgoings
✓  All terms explained in simple English
✓  Acknowledgement of contribution towards mortgage repayments
✓  How to deal with shock events such as death or a change in financial circumstances
✓  Advice on property development costs (and the gain shared because of the development)
✓  Procedures on what to do if the relationship breaks down
✓  Procedures on what happens if you can't afford your mortgage repayments
✓  Any cohabitation agreements including splitting bills, living arrangements and how to settle an argument 
✓  Inventory listing of the personal possessions for joint owners

What special features does Shared Ownership Protection Gold have?

Friends, rather than couples or family members, can particularly benefit from establishing certain guidelines and rules for sharing their property from the outset. These include house rules (some like to party like it's 1999, some like to retire early!), how household bills are apportioned, clear inventories and many other things.

Shared Ownership Protection Gold has sections recognising these factors, all within a bespoke legal agreement and adaptable to any number of circumstances.


What does Shared Ownership Protection Gold cost?

£799 Inc VAT

We recommend each person speaks to a solicitor to ensure they understand their obligations under the agreement before they sign it. The cost for this is £175 + VAT per person, however you can choose not to do this if you are happy to sign without legal advice.

Want to protect your share of a property and your rights when buying a house with friends or people you're not related to? Then get our Shared Ownership Protection Gold: email one of our experts at help@shareamortgage.com - for more information.