Affordable Housing


Duncan Hall
Duncan Hall
Partner & Head of Shared Ownership Department & Property Law - Bexleyheath

Affordable Housing is made up of Shared Ownership, Right to Buy, Affordable New-Build housing and temporary government schemes to boost housing such as Help to Buy and Discount Market Scheme.

Affordable New Build

Affordable New Build homes are a specialist product which requires specialist legal knowledge of the sector.  One of the market leaders in affordable New Build is Pocket Living.

The Affordable New Build housing sector focuses on apartments designed to meet the needs of London's key workers. They are compact, and priced at least 20% lower than the open market.  Using cutting edge home designs that suit the lifestyles of busy working singles and couples, made affordable by including things you need, and leaving out the things you don't.

Award winning designs which feature

  • Big, big windows for lots of natural light
  • Great storage
  • Lots of switches and sockets in just the right places
  • Modern insulation to keep the warmth in, the costs down and the noise out
  • Open space to have time to yourself, or unwind with friends
  • Shower (no bath)
  • Secure storage to park your bike
  • Low service charges and running costs

You Can Own Your Own Home

  • You earn less than £90k - Affordable New Build homes are for middle-income workers, not the super-rich
  • You live or work in the borough - Affordable New Build homes are designed to help local people to stay in their communities
  • You're a first-time buyer - Affordable New Build homes are reserved to help first-time buyers take that first step on the housing ladder.

We want to help those trying to get on the housing ladder.

We Can Help

Our Shared Ownership Department specialises in this sector of the property market.  We can help you to realise your dream of owning your own home.  Call our specialist Affordable New Build property solicitors today on 0203 551 8500 or email us at enquiries@mwsolicitors.co.uk

 

 


Anton Osborne
Anton Osborne
Deputy Head of Legal Services and Head of Property Law Group

You need the very best when it comes to buying, selling or remortgaging your home and our experienced team of professionals are here to deliver just that.

Whether you are a first time buyer, or are leaving a house to a loved one, you want your property transaction to be as stress free as possible.  At MW our team of expert property Solicitors are with you for the duration, not just the transaction, and we know that it's not peace of mind for now that matters, but peace of mind for life.

Other Types of Property Law

We also have teams of specialist property and dispute solicitors standing by to answer your queries on a range of other property services such as:

If you are in any doubt regarding a property you currently own, want to buy or sell, give us a call on 0203 551 8500 or email us at enquiries@mwsolicitor.co.uk.

 

Congratulations! Whether you are a first-time buyer, an up-sizer, an investor or a down-sizer, buying a property represents a significant life step.


Shimmee Wong
Shimmee Wong
Regional Partner Surrey – Property Department

You want it done quickly, with as little stress as possible and with no long term worries.  Our experienced team are here to ensure that this first step on a new journey goes as smoothly as possible and you can quickly move on to enjoying your new home.

MW Can Help

At MW we have a team of experienced solicitors who specialise in all aspects of residential property transactions. 

We are proud to have been assessed and accredited by the Law Society to hold their Conveyancing Quality Scheme mark so you can rest assured that you will get a high-quality service when you instruct an MW Solicitor.

If you are just starting out on the road to owning your first home, a seasoned property investor or are in any doubt about the process of buying a new home, MW can help you. 

Call us today on 0203 551 8500 or email us at enquiries@mwsolicitors.co.uk.


Guy Fernback
Guy Fernback
Partner, Head of New Build

Buying a new build or a property still in the course of construction carries its own unique set of risks and challenges.

At MW we have a specialist, dedicated team of New Build solicitors specifically trained in predicting and avoiding those risks and challenges to keep you focussed on enjoying your new home or investment.  It is simply not worth leaving it to chance or hoping for the best, go with a specialist.

How MW Can Help

Our specialist team of New Build solicitors are on hand to help process your property transaction quickly. 

Don't delay, call our Head of New Build, Guy Fernback direct on 020 7186 7085 or email him at Guy.Fernback@mwsolicitors.co.uk

 


Maria Christoforou
Maria Christoforou
Partner & Head of Property Law

Selling your home or other property can be stressful for all concerned. It is often your most valuable asset and you want to maximise your enjoyment and investment if you are considering moving or re-mortgaging.

Our professional team is here to make the process as stress free as possible for you. 

At McMillan Williams we are proud that we have been assessed by the Law Society and accredited to hold the Conveyancing Quality Scheme (CQS) quality mark standard for good practice management standards and efficient conveyancing procedures.  You can rest assured that your transaction will be processed to the highest standards.

If you are thinking about selling your home or if you are a seasoned buy-to-let property investor, our experienced property solicitors are ready and waiting to help Call us today on 0203 551 8500 or email us at enquiries@mwsolicitors.co.uk.

Whether you want to switch to the best mortgage rate, change your loan provider or simply raise capital, McMillan Williams can help you complete you remortgage quickly and efficiently.


Harry Tuke
Harry Tuke
Partner & Head of Borrower Bridging

We act for a wide range of banks and building societies and are on all of the major lender panels, but if you wish to use a smaller lender, we are happy to work with them too.

Although the legal process for remortgaging is simpler than your original purchase, there are still a number of checks and requirements to overcome before you can draw down funds.

You should always use an experienced solicitor who is familiar with your type and use of property, whether it be your home, buy-to-let, freehold or leasehold.  At McMillan Williams we have a dedicated team of specialist property solicitors who are able to carry out the detailed work involved thoroughly and cost-effectively.

Meeting Deadlines

We understand that you are likely to be remortgaging to meet a deadline, such as the end of an existing interest rate, or in time for the next mortgage payment, or even to release equity to pay for home improvements, family events or debt consolidation.  You can rest assured that we will work with you and your mortgage broker to provide a fast, efficient and smooth service to ensure we can draw down funds as soon as possible.  We are happy to discuss meeting a particular deadline or timescale at the outset of the remortgage.

Legal Process for Remortgaging

  • You will complete and return to us our initial paperwork with written instructions and proof of Identity.
  • We will apply for your up-to-date title documents from Land Registry, and any historic deeds or documents which might still be held by your existing lender before carefully reviewing the title document to ensure there are no problems
  • You will receive your written Mortgage Offer and we will receive the solicitor’s copy
  • We will send you our written report together with the Mortgage Deed for you to sign and return to us.
  • We will meet all of the new lender’s requirements as set out in the Mortgage Offer, agree a completion date and obtain a final redemption figure from your existing lender.
  • We will request the draw down of funds from your new lender by certifying that your property has a “good and marketable” title and then pay off your existing mortgage and account to you for any surplus funds.
  • We will register your new mortgage at Land Registry and let you know when this has been done.

We Can Help

At MW, we can help you with any remortgage or refinancing, from a first time remortgage to buy-to-let property portfolios.  If you are thinking about remortgaging, or would like to speak to one of our specialist property solicitors call us today on 0203 551 8500 or email us at enquiries@mwsolicitors.co.uk.

What is a Bridging Loan?


Harry Tuke
Harry Tuke
Partner & Head of Borrower Bridging

Bridging loans are short term secured loans usually taken out to assist with the purchase or refinancing of property, but occasionally used to ‘bridge’ the gap in finance for other purposes such as buying a property at auction, covering a break in a property chain, refurbishing a property before sale, paying for a lease extensions or paying urgent unexpected bills.

For example, if you are buying and selling, but need to complete the purchase quickly and there is a delay with the sale, a bridging loan is one possible option to consider with a view to repaying the loan once the sale completes in the future.
Bridging lenders usually charge a higher rate of interest than the average high street lender, but in return they offer a more flexible approach to lending criteria, a short term loan and the option of drawing down the loan money quickly.

Specialist Property Solicitors

We act for both borrowers and lenders, so we understand the approach that needs to be taken from both sides of the equation. Many solicitors who do not regularly deal with bridging loans will be unfamiliar with the extent of lenders’ requirements, or will be unable to meet the borrower’s preferred timescale. At McMillan Williams we have a team of specialist property solicitors who are experienced in bridging, and can pre-empt any of the usual pitfalls to ensure you are able to draw down funds as soon as possible. We understand the urgency of bridging finance, and will work with you and your broker to meet your deadline.

As solicitors we are not authorised to give you financial advice. If you wish to apply for a bridging loan please either contact your own independent financial advisor or ask us to put you in touch with one.

We Can Help

If you are thinking about taking out a bridging loan, or would like to speak to one of our specialist property solicitors call us today on 0203 551 8500 or email us at enquiries@mwsolicitors.co.uk.

Shared ownership legal work is specialised and our experience is that few firms are willing to take on the work or cannot carry out the work to a high standard.  McMillan Williams are one of only a very small number of firms who are specifically geared to handle the work. 


Duncan Hall
Duncan Hall
Partner & Head of Shared Ownership Department & Property Law - Bexleyheath

In addition to our usual conveyancing strengths we place a particular focus on our ability to offer market experience, efficiency, precision, expert knowledge and a tailored shared ownership service.

Our experience includes:

  • Shared ownership New Build and Resale purchases
  • Resale sales
  • Staircasing - the process of buying the remaining shares in your home.
  • Reverse staircasing - the process of reducing your share of ownership in your home.
  • Remortgages

We are on all the shared ownership lender panels.

Furthermore, the department is experienced in dealing with other (but less common) government backed affordable home ownership schemes in existence such as:

  • Shared Equity Schemes
  • Discount Market Scheme
  • Right to Buy - a scheme to help you buy your council home
  • Right to Acquire - a scheme to help you buy your Housing Association home

We Can Help

If you are a key worker, a first-time buyer or are thinking about staircasing your existing share of your home, our team of experienced Residential Property Solicitors are waiting to help you.  Call us today on 0203 551 8500 or email us at enquiries@mwsolicitors.co.uk.

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Telephone 020 3551 8500
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