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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.

  • 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.

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 Solicitors in 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.

Liz Garratt

Derbyshire DE55 7DD

Liz Garratt solicitor Shared ownership Derbyshire

Conveyancing Solicitor Derbyshire

19 years of experience

Does not accept legal aid

At a glance : With 18 years of experience, Liz Garratt is a highly skilled Private Client Solicitor specializing in Conveyancing, Wills, Trusts, and Estates. Having been in the legal profession since 2007, Liz offers a compassionate and client-focused approach to legal matters, particularly in the areas of Wills, Probate, Lasting Powers ...

Haroon Bashir

Sheffield S9 1TP

Haroon Bashir solicitor Shared ownership Sheffield

Conveyancing Solicitor Sheffield

9 years of experience

Does not accept legal aid

At a glance : 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 University of Hull. Haroon qualified as a solicitor in 2017 and has since developed ...

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 ...

Kathryn Rhodes

Berkshire RG45 7AX

Kathryn Rhodes solicitor Shared ownership Berkshire

Conveyancing Solicitor Berkshire

18 years of experience

Does not accept legal aid

At a glance : Kathryn Rhodes is a solicitor based in Berkshire with 17 years of experience in residential conveyancing. She specializes in all aspects of property transactions, ensuring a smooth and efficient process for her clients. In Residential Conveyancing, Kathryn handles sales, purchases, transfers of equity, and re-mortgages of r...

Carol Bedford

Dorset BH21 5HT

Carol Bedford legal executive Shared ownership Dorset

Conveyancing Legal executive Dorset

20 years of experience

From 175 £ and 175 £

Does not accept legal aid

At a glance : Carol Bedford is a solicitor based in Dorset with 19 years of experience in conveyancing and property law. She provides expert legal services tailored to her clients' needs, with a particular focus on older client conveyancing. In Residential Conveyancing, Carol specializes in property transactions, including transfers of e...

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