Fractionalising your second home

For some, a fractional sale has enabled them to maximise the sale price.  For other owners, fractional ownership has allowed them to retain an interest in their property and continue using it as much as they ever did, whilst significantly reducing their ongoing costs and management time - we call that 'right-sizing'.

 

Our aim is to provide owners with the expertise and framework necessary to succeed in selling their home fractionally.  

 

From the outset, we look at issues which should be taken into account by owners when considering whether to sell shares :

 

• Is the property in a location which potential buyers will want to return to regularly?

 

• How will the fractional interests be valued and marketed?

 

• Explore your own usage of the property before assessing the most appropriate and attractive usage rights for new owners

 

• How many fractions should be created?

 

• Are there any legal restrictions?

 

• What work and improvements should be carried out to make the property suitable for fractionalising?

 

• How will any existing mortgage secured on the property be dealt with?

 

• Who will manage the property and administer the ownership structure?

 

Please contact us for an initial discussion about the options you may have for fractionalising your property.