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LATEST NEWS & EVENTS Legal advice urged for joint ownership home buying  People considering co-owning a home should ensure they seek advice from residential property conveyancing solicitors first, the National Association of Estate Agents (NAEA) has urged. It is warning that failure to seek proper property investment advice could leave people facing "the worst case scenario" when circumstances change. The NAEA claims struggling first-time buyers are increasingly finding that a co-ownership deal could be the best way to get on the property ladder. Peter Bolton King, chief executive of the NAEA, said: "At a time when a lack of mortgage finance is hindering first time buyers, opting to buy with a friend or relative can represent a sensible way of getting into the market." However, he stressed that the relationship between all parties involved needs to transparent and open "to ensure a smooth purchase and ownership process". The NAEA also advised that people can take advantage of mortgage deals specifically geared to this type of purchase. First-time buyers were recently given a boost after the government unveiled its FirstBuy scheme to provide loans to enable families to get on the housing ladder. Posted by Alex McLean 
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