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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.
Sophie DONOVAN

Sophie DONOVAN

UK

Shared ownership Solicitors

12 years of experience

Does not accept legal aid

Sophie Donovan is an experienced solicitor based in the West Midlands, specializing in a wide range of legal areas, including family law, Wills and probate, debt recovery, and residential conveyancing. With 12 years of experience in the legal...

Dr. Donald Macfarlane London

Dr. Donald Macfarlane

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

Shared ownership Solicitors London

22 years of experience

From 400 £ and 500 £

Does not accept legal aid

Dr. Macfarlane represents all sizes of business covering all their corporate and commercial needs. Whether it is contract reviews or an acquisition of or for your business. As a trusted adviser he brings experience, technical, governance and compliance...

Chris Proctor Sheffield

Chris Proctor

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

Shared ownership Solicitors Sheffield

7 years of experience

Does not accept legal aid

With 7 years of experience, Chris Proctor is a skilled solicitor specializing in residential conveyancing. He qualified in 2018 and joined PM Property Lawyers the same year, where he focuses on freehold and leasehold residential property sales and...

Vince Adon London

Vince Adon

107-111 Fleet Street, London, EC4A 2AB London EC4A 2AB UK London EC4A 2AB

Shared ownership Solicitors London

7 years of experience

From 145 £ and 200 £

Does not accept legal aid

Vince Adon is a London-based lawyer with seven years of experience, specializing in a diverse range of legal areas, including education, employment, family law, divorce, mediation, immigration, litigation, bankruptcy, conveyancing, and consumer rights. With a strong academic background,...

Alex Woodcock Liverpool

Alex Woodcock

Royal Liver Building, Liverpool, L3 1HU Liverpool L3 1HU UK Liverpool L3 1HU

Shared ownership Solicitors Liverpool

13 years of experience

Does not accept legal aid

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...

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