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What is Share Transfer?

The concept of ownership of a share transfer property does not mean that you own a property.

When you buy a flat or unit by share transfer, you are in fact purchasing shares in a company. The company owns the property and your ownership of the shares gives you a right to occupy the flat or unit, as the case may be.

A benefit of purchasing a property in this way is that you do not have to go to the Royal Court and can complete any day, not just a Friday. Also you do not have to be entitled or licenced to purchase a Share Transfer Apartment. If you have no housing qualifications then you can still purchase a Share Transfer Property. You do however have to be locally qualified to occupy the property.

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Buying a house can be difficult, but that’s where Broadlands come in. With over 50 years of experience, our friendly and knowledgable team are more than ready to help you find the right home for you and sell your house.

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