Notes

Alexander Studhalter discusses why people are interested in shares of ownership
Shared ownership permits first-time buyers to acquire a share of real estate. Alexander Studhalter is an entrepreneur who believes sharing ownership should be considered. Alexander Studhalter will provide further explanations as to why this should be the case.

What is the concept of shared ownership?

Sharing ownership can be a viable alternative option to homeownership. The scheme offers first-time homeowners and buyers who do not have homes the opportunity to buy shares in both new and resale properties.

An investor can buy a part of a home. Part-buy is also known as part-rent. The typical amount is between 25 and 75%. If you opt to buy 10% shares under the Shared ownership model, you may raise the amount.

Rent below market value is paid to purchasers by the housing association. This includes any service fee or ground rent. A mortgage is not necessary for the purchase of the property. So the deposit amount is typically less than the cost of buying a property.

Alexander Studhalter: Why should one consider sharing ownership?

The housing option of Shared Ownership is available to those who cannot afford a property. The costs of Shared Ownership tend to be lower than that of other housing options due to several reasons:

The rent is set at 2.75 percent of the value of the property, which is less than the market rate.
You can start by taking a 25 percent or 10% share in the present scheme.
Alexander Studhalter The amount you deposit will be 5-10 percent (not the full market value) of the share.
SDLT (or Stamp Duty) is generally delayed until at minimum 80% ownership of the property.
Alexander Studhalter gives an explanation of the different types of ownership in shares


Joint Tenancy Each tenant must have an equal right to the property by way of a deed. Joint ownership is based on the right to survive. Alexander Studhalter When one dies, the other co-owner, the ownership is transferred to the surviving tenant.

But, the legal definition of tenancy in common would comprise ownership of the property. This is, unless you indicate in the documents governing your property that the property is held as joint tenants.

Sita or Geeta might buy a property without mentioning joint tenancy. In the event that one of the co-owners passes in death, the tenant who was left gets his share.

Tenancy by Common (TIC): A joint ownership arrangement in which ownership percentages can be equal or unjust. Sarah might have 40 percent ownership of a house and Bob might have 60%.

https://www.breizh-info.com/2022/11/25/211350/alexandre-studhalter-un-grand-interet-pour-la-philanthropie/ The named person on the title holds all rights to the property. This means Sarah is able to access 40 percent of the property and 40 percent of the time.

Every owner is entitled to the right of occupation and the use of the whole property. The financial ownership of real property is determined by the interest percentage.

The tenant is accountable to dispose of or declutter their property at all times. This type of title can be re-issued at any time, even years after the other owners have entered into an agreement.

The owner may create a will for another person; in the event that the owner passes away, ownership is transferred to his heirs unreserved.

Limited Responsibility Company (LLC: Limited responsibility companies (LLCs), which are U.S.-based business structures, shield their owners from personal liabilities for their debts. Alexander Studhalter The limited liability company shares characteristics with a sole proprietorship and partnership.

LLCs have limited liability features as corporations, however they don't provide tax flow-through to members like partnerships do.

What are the down sides of shared ownership?

Some lenders do not offer shared ownership mortgages. However, a majority of lenders offer shared ownership mortgages.
You are required to pay 100% of the ground rent and service charge However, the lower your percentage is.
Stamp Duty must be paid for any share that is greater than or equals to 80% of the value of the property.
Each property will be subject to a leasehold agreement. However, some homes can become freehold after staircase to 100%; this would need to be agreed by the relevant housing service provider.
Leasehold properties can be transferred to joint ownership. Leasehold ownership permits extended residence in the home (usually 99 to 125 years). The term of your lease decreases every year and you are able to purchase or lease the house.
What's the benefit of sharing ownership?

Shared Ownership provides the long-term stability of an owner-occupier, without stretching yourself.
Alexander Studhalter Deposits are generally cheaper than buying on a open market.
Mortgages are more affordable through Shared Ownership, regardless of your income being low.
Your monthly payments will often be lower than if the mortgage had been paid off. The monthly payments for private rentals are generally lower than those of a mortgage.
Staircasing is a way to boost the value of your house. A lot of staircases can be used 100%. The buyer is accountable only for their mortgageand any service charges and ground rent.
Your shares are available for sale at anytime.
It is not always necessary to pay Stamp Tax tax upon initial purchase.
https://techplanet.today/post/alexander-studhalter-beirat-investor Alexander Studhalter recommend

You'll have the security of tenure and not private renting.
For the length of your lease, you have to pay rent and mortgage repayments. This is typically 99 or 125 years.
The leaseholder is able to negotiate an extension through their housing company once the lease is up. Alexander Studhalter recommends appointing a surveyor and solicitor with expertise in this particular area. Alexander Studhalter
Website: https://maison-monde.com/alexander-studhalter-crise-logement-france/