Solicitor Shared ownership

Shared ownership in the UK is a property scheme that allows eligible buyers to purchase a percentage of a home—typically between 25% and 75% of its market value—while paying rent on the remaining share owned by a housing association or developer. This arrangement can help you get onto the property ladder with a smaller deposit and lower mortgage requirements, and it often provides the opportunity to buy additional shares over time through a process known as staircasing.

Sidra SIDDIQUI

Guildford GU1 4AW

Shared ownership Solicitor Guildford

9 years of experience

Does not accept legal aid

Sidra Siddiqui is a dedicated solicitor based in Guildford, specializing in Conveyancing and property law. With 9 years of experience, Sidra represents a wide range of clients, including private individuals, companies, lenders, and developers, in both residential and...

What does shared ownership involve?

Partial ownership: Buying a share of the property’s market value (usually between 25% and 75%), while the remaining share is retained by a housing association or private developer.
Eligibility criteria: Designed for first-time buyers or those with limited incomes, with eligibility determined by income thresholds and local authority guidelines.
Staircasing options: The ability to purchase additional shares in the property over time until you achieve full ownership, subject to market conditions and your financial circumstances.
Leasehold arrangements: Most shared ownership properties are held on a leasehold basis, meaning you own your share for a fixed period under specific lease terms.
Financial considerations: Involves a combination of mortgage finance for the purchased share and regular rent payments on the portion you do not own.

How can a solicitor help with shared ownership, and what does it cost?

A conveyancing solicitor experienced in shared ownership can:

Advise on scheme details: Explaining the terms of the shared ownership arrangement, including rent, mortgage options, and staircasing opportunities.
Review and draft legal documents: Handling lease agreements, transfer deeds, and other necessary paperwork to ensure your rights and obligations are clearly defined.
Conduct due diligence: Performing title searches and checks for restrictive covenants, planning permissions, or any other issues that might affect the property’s value or your future ownership.
Coordinate with lenders and housing providers: Liaising with mortgage lenders, housing associations, and other parties to ensure a smooth transaction and timely completion.

Costs for shared ownership conveyancing typically include solicitor’s fees, disbursements (such as Land Registry and search fees), and any applicable VAT. Many firms offer fixed-fee packages for straightforward cases, often ranging from £750 to £1,500 plus VAT and disbursements. An initial consultation—which is frequently free or offered at a reduced rate—can help you assess your situation, estimate the overall expenses, and determine the best approach to secure your shared ownership property.

5 Solicitors Conveyancing (domaine de droit rattaché pour Shared ownership)

We recommend contacting one of the solicitors listed below, as their area of practice is relevant to your enquiry.

Chris Proctor

Sheffield S9 1TP

Shared ownership Solicitor Sheffield

7 years of experience

Does not accept legal aid

With 7 years of experience, Chris Proctor is a skilled solicitor specializing in residential conveyancing. He qualified in 2018 and joined PM Property Lawyers the same year, where he focuses on freehold and leasehold residential property sales and...

Caroline Irvine

Warwickshire CV37 6YX

Shared ownership Solicitor Warwickshire

35 years of experience

Does not accept legal aid

With 35 years of experience, Caroline Irvine is a trusted lawyer specializing in conveyancing, agricultural property, and landlord-tenant matters. She provides clear, practical advice to ensure smooth property transactions for her clients. Areas of Expertise Residential Conveyancing –...

Brenda Alleyne

London EC4V 5EF

Shared ownership Solicitor London

20 years of experience

Does not accept legal aid

Brenda is a dynamic member of our property department and prides herself in making your property transaction run as smoothly and as stress-free as possible. She has established a highly–respected reputation for her speed and efficiency and for...

Sushil Gaikwad

London SE18 6FH

Shared ownership Solicitor London

15 years of experience

Does not accept legal aid

With 15 years of experience, Sushil Gaikwad specializes in a wide range of legal areas, including employment, family law, commercial law, and financial services. He offers expert legal services in areas such as dispute resolution, immigration, intellectual property,...

Mark Cairns

Derbyshire DE55 7DD

Shared ownership Solicitor Derbyshire

41 years of experience

Does not accept legal aid

With 41 years of experience, Mark Cairns is a seasoned solicitor specializing in residential and commercial conveyancing, wills, trusts, estates, and neighbour disputes. Having joined Rickards & Cleaver in 1986 and later becoming a Partner, he has a...