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Shared ownership Solicitor

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

Sidra SIDDIQUI

74 North Street, Guildford, GU1 4AW Guildford GU1 4AW UK Guildford GU1 4AW

Shared ownership Solicitors Guildford

9 years of experience

From 250 £ and £

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 (Area of expertise might be Shared ownership)

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

Haroon Bashir

PM House, Sheffield, S9 1TP Sheffield S9 1TP UK Sheffield S9 1TP

Shared ownership Solicitors Sheffield

8 years of experience

Does not accept legal aid

Haroon Bashir is a dedicated solicitor based in Sheffield with 8 years of experience, specializing in litigation and conveyancing. He holds a Law Degree from Sheffield Hallam University and an LL.M in International Human Rights Law from the...

Sushil Gaikwad London

Sushil Gaikwad

Suite 208B, London, SE18 6FH London SE18 6FH UK London SE18 6FH

Shared ownership Solicitors 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,...

Aurelia Winter Guildford

Aurelia Winter

Artillery House, Guildford , GU1 4QH Guildford GU1 4QH UK Guildford GU1 4QH

Shared ownership Solicitors Guildford

7 years of experience

Does not accept legal aid

Aurelia Winter is a licensed conveyancer based in Guildford, specializing in residential property transactions, transfer of equity, and land-related legal matters. As a key member of the specialist New Build team at The Partnership Solicitors, she manages a...

John Graham Cardiff

John Graham

24 Neptune Court, Cardiff, CF24 5PJ Cardiff CF24 5PJ UK Cardiff CF24 5PJ

Shared ownership Solicitors Cardiff

41 years of experience

From 150 £ and 275 £

Accepts legal aid in Shared ownership

John Graham is a highly experienced solicitor and advocate with over 41 years in the legal profession. Specializing in civil and commercial litigation, insolvency, and healthcare regulatory work, John offers expert legal services across a broad range of...

Brenda Alleyne London

Brenda Alleyne

Glade House, London, EC4V 5EF London EC4V 5EF UK London EC4V 5EF

Shared ownership Solicitors 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...

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