Fractional ownership is a cost effective way of purchasing and using a second home in London. There are many benefits associated with shared ownership property including:
Purchase Price: Naturally, by investing in a fraction of a property, the purchase price stamp duty and taxes are split between the owners and are dramatically reduced.
Reduced Running Costs: Maintenance fees, management fees, taxes and other fixed costs are shared by fractional owners. This substantially reduces the financial burden often associated with owning a second home.
Tailored Usage: Most people don’t tend to holiday for more than a set allocation of weeks per year. Fractional buyers can purchase an amount time in a property, which they will actually use. Therefore, they don’t have to worry about renting it when they are not there, to justify the expense and most probably pay the mortgage!
Less Commitment: Fractional ownership gives you an ability to experience a second home and location fully, however, only having to commit to a fraction of the purchase and running costs.
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