Adverse possession is a legal concept in which an individual can claim ownership of land or property that they have occupied without the owner’s permission for a specified period (usually 10 – 12 years depending on whether the land is registered...
Buying a property in London can be difficult for many people due to the high housing prices. Shared ownership is increasingly popular, particularly for first time buyers in London, as it enables low to medium income households to get on the property ladder. Shared ownership properties are generally run by housing associations (HA) and/or registered social landlords (RSL).
The process involves buying a share of a property (between 25% and 75% of the home’s total value) and paying rent on the remaining share. In order to pay for your share of the home’s purchase price, you will need to take out a loan. First Steps is the official housing programme introduced by the Mayor of London in order to assist low and modest income households in London to buy or rent at a price that is comfortable for them.
