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.

Range Solicitors

Manchester M16 8EE

Shared ownership Solicitor Manchester

Does not accept legal aid

Range Solicitors is a trusted legal firm based in Manchester, providing specialist legal services in a wide range of practice areas. Our experienced team is dedicated to offering high-quality legal advice and representation tailored to meet the needs...

Thushara Collins

Benfleet SS7 5LD

Shared ownership Solicitor Benfleet

18 years of experience

Does not accept legal aid

Thushara Collins, a lawyer based in Benfleet, brings 18 years of experience in family law, property matters, and estate planning, providing dedicated legal services to clients. Fluent in English, French, Hindi, and Punjabi, Thushara specializes in various areas,...

Elizabeth Middleton

Reading RG5 4AE

Shared ownership Solicitor Reading

21 years of experience

Does not accept legal aid

Visiting a solicitor should be, welcoming and friendly experience, which is why I pride myself on offering a sympathetic, professional environment, based on listening and empathy. It’s important to me that clients have time to explain their problems...

Sophie DONOVAN

West Midlands DY14 9HZ

Shared ownership Solicitor West Midlands

12 years of experience

Does not accept legal aid

Sophie Donovan is an experienced solicitor based in the West Midlands, specializing in a wide range of legal areas, including family law, Wills and probate, debt recovery, and residential conveyancing. With 12 years of experience in the legal...

Najib Khan

Hatfield AL9 5HZ

Shared ownership Solicitor Hatfield

18 years of experience

Does not accept legal aid

Najib Khan is an independent lawyer based in Hatfield, with over 18 years of experience in immigration litigation, dispute resolution, civil litigation, conveyancing, and various other legal areas. Fluent in English, Hindi, and Urdu, Najib offers a comprehensive...