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

10 years of experience

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...

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 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.

Shah Ali

London E1 2LX

Conveyancing Solicitor London

14 years of experience

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 ...

Najib Khan

Hatfield AL9 5HZ

Conveyancing Solicitor Hatfield

19 years of experience

Does not accept legal aid

At a glance : 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 range of legal services tailored to meet the needs of both ind...

Joe Phelan

London W10 5AD

Conveyancing Solicitor London

14 years of experience

Does not accept legal aid

At a glance : With 13 years of experience, Joe Phelan is a specialist in commercial property law, advising clients on the legal aspects of buying, selling, leasing, and re-financing commercial properties. Having worked with some of the largest law firms in the country, he joined LawBite in 2019, bringing his expertise to a platform dedic...

Thushara Collins

Benfleet SS7 5LD

Conveyancing Solicitor Benfleet

19 years of experience

Does not accept legal aid

At a glance : 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, including: Family Law & Divorce Advising clients on divorc...

John Graham

Cardiff CF24 5PJ

Conveyancing Solicitor Cardiff

42 years of experience

Accepts legal aid in Shared ownership

At a glance : 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 areas, including criminal law, employment, intellectual property, and f...