Fees

The fee for Co-Own for Over 55s is paid in two stages:

• Assessment fee: £100 is payable when you apply, covering the assessment of your financial position. This fee is non-refundable.
• Property fee: £575 is payable when you upload your property details.

What the property fee covers:

Property assessment / valuation

The property fee includes a detailed property assessment of the home ensuring it meets the necessary standards. This assessment benefits you by confirming the property’s value and identifying any potential issues, helping both of us make an informed decision before proceeding with the purchase.

Solicitor costs

Co-Ownership’s property fee covers a significant contribution to your solicitor costs. This includes your contribution to the solicitor’s professional fees in connection with the purchase of the property and any work associated with your mortgage.

The property fee does not include outlays associated with your purchase, including registration fees, Stamp Duty Land Tax (if applicable) and other fees which you must pay in relation to your equity share of the property. Your solicitor should provide you with a written statement detailing these costs.

If you are a Co-Own for Over 55s customer and are selling your current home, you are responsible for all the solicitor fees and outlays involved with this sale. This does not form part of our legal package. Our legal package covers the costs of the home you are buying with Co-Ownership.