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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

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.
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

Caroline Irvine

Warwickshire CV37 6YX

Caroline Irvine solicitor Shared ownership Warwickshire

Conveyancing Solicitor Warwickshire

36 years of experience

Does not accept legal aid

At a glance : With 35 years of experience, Caroline Irvine is a trusted lawyer specializing in conveyancing, agricultural property, and landlord-tenant matters. She provides clear, practical advice to ensure smooth property transactions for her clients. Areas of Expertise Residential Conveyancing – Assisting with property purchases and s...

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 ...

Bestin Joseph

London E18 1JL

Bestin Joseph solicitor Shared ownership London

Conveyancing Solicitor London

21 years of experience

Does not accept legal aid

At a glance : Bestin Joseph is a highly skilled and experienced lawyer based in London, specializing in Immigration, Conveyancing, and Business and Human Rights. With over 20 years of practice, Bestin is dedicated to providing efficient, stress-free solutions for his clients, particularly in the areas of residential and commercial proper...

John Graham

Cardiff CF24 5PJ

John Graham solicitor Shared ownership Cardiff

Conveyancing Solicitor Cardiff

42 years of experience

Accepts legal aid

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...

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