shared ownership Solicitors

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.

Emma Shahmoradian

London SE1 7XW

shared ownership Solicitors London

6 years of experience

Does not accept legal aid

With over 5 years of experience in the industry, working both inside and outside of London, I have gained exposure to a variety of transactions ranging from domestic sales and purchases, complex developments to high value residential properties....

Sidra SIDDIQUI

Guildford GU1 4AW

shared ownership Solicitors Guildford

9 years of experience

Does not accept legal aid

I am a dedicated solicitor specializing in residential and commercial property law. My practice covers the full spectrum of residential property, where I represent a diverse range of clients including private individuals, companies, lenders, and developers. I am...

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.

Jasmyn Chana

London SE1 7XW

shared ownership Solicitors London

8 years of experience

Does not accept legal aid

I completed my Training Contract at an international firm and qualified as a solicitor in 2017. Prior to my Training Contract, I worked as a paralegal where I was exposed to the commercial and corporate market. Since my...

Caroline Murray

Sheffield S1 2DD

shared ownership Solicitors Sheffield

20 years of experience

Does not accept legal aid

I am a partner and head of the property department at Graysons. I have dealt exclusively with property work since 1999 and have handled thousands of property matters. I have particular expertise in high value and complex residential...

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.

Kathryn Rhodes

Berkshire RG45 7AX

shared ownership Solicitors Berkshire

17 years of experience

Does not accept legal aid

I joined Rowberrys in 2008 having qualified as a Licensed Conveyancer, otherwise known as a Specialist Property Lawyer, in 2004 and deal in all aspects of residential conveyancing including sales, purchases, transfers and re-mortgages of residential property. I...

Brenda Alleyne

London EC4V 5EF

shared ownership Solicitors London

20 years of experience

Does not accept legal aid

Brenda is a dynamic member of our property department and prides herself in making your property transaction run as smoothly and as stress-free as possible. She has established a highly–respected reputation for her speed and efficiency and for...

Ella Bulchenko

Glasgow G2 2RQ

shared ownership Solicitors Glasgow

16 years of experience

Does not accept legal aid

Commercial Property and Corporate solicitor with over 10 years of experience in these fields. Thriving on attention to detail and thinking outside the box.

Elizabeth Middleton

Reading RG5 4AE

shared ownership Solicitors Reading

4177 years of experience

Does not accept legal aid

Visiting a solicitor should be, welcoming and friendly experience, which is why I pride myself on offering a sympathetic, professional environment, based on listening and empathy. It’s important to me that clients have time to explain their problems...

Ian Hay

London SW18 1GN

shared ownership Solicitors London

40 years of experience

Does not accept legal aid

I am a partner at Murray Hay and have over 30 years experience in handling residential and commercial property transactions and associated matters. I originally established the firm in Putney 1988 as a high street practice predominantly specialising...