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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.

Stephen Davies

Lancashire L40 0SA

Stephen Davies solicitor Shared ownership Lancashire

Conveyancing Solicitor Lancashire

33 years of experience

From 150 £ and 150 £

Does not accept legal aid

At a glance : Stephen Davies is a highly experienced lawyer based in Lancashire, with 32 years of expertise in mediation, litigation, civil litigation, and conveyancing. Specializing in both residential and commercial conveyancing, he offers expert legal support in property transactions, including transfer of equity, commercial property,...

Mark Cairns

Derbyshire DE55 7DD

Mark Cairns solicitor Shared ownership Derbyshire

Conveyancing Solicitor Derbyshire

42 years of experience

Does not accept legal aid

At a glance : 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 wealth of experience across various legal fields. Areas of Expertise Re...

Colum Murray

London SW18 1GN

Colum Murray solicitor Shared ownership London

Conveyancing Solicitor London

47 years of experience

From 300 £ and 350 £

Does not accept legal aid

At a glance : Colum Murray is a highly experienced solicitor based in London, with over 46 years of legal practice. He is a partner at his firm, specializing in all aspects of property law, particularly commercial property and business-related matters. Colum has extensive experience in handling commercial property acquisitions and dispos...

Taslim Khan

Uxbridge UB8 1QG

Taslim Khan solicitor Shared ownership Uxbridge

Conveyancing Solicitor Uxbridge

23 years of experience

From 110 £ and 110 £

Does not accept legal aid

At a glance : Taslim Khan is an experienced solicitor based in Uxbridge, with 22 years of legal practice. She is fluent in English, French, Punjabi, and Urdu, allowing her to serve a diverse range of clients effectively. Over the years, Taslim has built up a broad and extensive expertise, having worked in both small and large firms, and ...

Alexandra Bradbury

Stoke-on-Trent ST2 7HA

Alexandra Bradbury solicitor Shared ownership Stoke-on-Trent

Conveyancing Solicitor Stoke-on-Trent

11 years of experience

From 180 £ and 180 £

Does not accept legal aid

At a glance : Alexandra Bradbury is a highly skilled solicitor based in Stoke-on-Trent, with 10 years of experience specializing in conveyancing, wills, trusts, and estate law. She provides expert legal guidance to individuals and families, ensuring they receive tailored and proactive support for their property and estate planning needs....

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