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Solicitor Shared ownership

  • 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.

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.

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

Sidra SIDDIQUI solicitor Shared ownership Guildford

Shared ownership Solicitor Guildford

10 years of experience

From 250 £ and £

Does not accept legal aid

At a glance : 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 commercial property transactions. Areas of Expertise Resi...

5 autres avocats in Conveyancing pouvant vous aider en matière de Shared ownership

Les avocats ci-dessous interviennent en Conveyancing, le domaine dont relève votre recherche. Ils pourront vous accompagner et réaliser les actes nécessaires à votre représentation.

Alex Woodcock

Liverpool L3 1HU

Alex Woodcock solicitor Shared ownership Liverpool

Conveyancing Solicitor Liverpool

14 years of experience

Does not accept legal aid

At a glance : Alex Woodcock is a highly experienced residential property lawyer and a qualified Fellow of the Royal Chartered Institute of Legal Executives, with over 13 years of expertise in conveyancing. Based in Liverpool, he specializes in a comprehensive range of property transactions, including freehold and leasehold sales and purc...

Catherine Watkins

Cwmbran NP44 1UG

Catherine Watkins solicitor Shared ownership Cwmbran

Conveyancing Solicitor Cwmbran

30 years of experience

From 140 £ and 200 £

Does not accept legal aid

At a glance : Catherine Watkins is an experienced family and property lawyer based in Cwmbran & Barry and cover South wales & Bristol, with 29 years of legal expertise. Fluent in both English and Welsh, Catherine is a key member of Newbold Solicitors, where she specializes in family law, divorce, civil partnerships, and litigatio...

SBP Law solicitor Shared ownership London

SBP Law

London EC4V

SBP Law solicitor Shared ownership London

Conveyancing Solicitor London

19 Solicitors

Does not accept legal aid

At a glance : At SBP Law we pride ourselves on providing our clients with discreet, creative and strategic business advice. Since inception we have represented the interests of corporate and individual clients in fields usually dominated by much larger law firms. Whilst we are known primarily for property, our areas of expertise include ...

Partner solicitor
Partner solicitor
Partner solicitor
Partner solicitor

Shah Ali

London E1 2LX

Shah Ali solicitor Shared ownership London

Conveyancing Solicitor London

14 years of experience

From 150 £ and 229 £

Does not accept legal aid

At a glance : Shah Ali is a highly accomplished solicitor based in London, with 13 years of experience in family law, immigration, intellectual property, bankruptcy, conveyancing, and wills, trusts, and estates. As the founding Senior Partner of Waterstone Solicitors, he has built a reputation for delivering strategic and results-driven ...

Karl Lewis

Wrexham LL11 1LG

Karl Lewis solicitor Shared ownership Wrexham

Conveyancing Solicitor Wrexham

22 years of experience

Does not accept legal aid

At a glance : Karl Lewis is an experienced solicitor based in Wrexham, with over 21 years of expertise in property law. He specializes in both residential and commercial conveyancing, as well as landlord and tenant matters. Since joining PSR Solicitors in 2017, Karl has been instrumental in establishing and leading the firm's Property De...

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