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 GU1 4AW

Shared ownership Solicitors Guildford

9 years of experience

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.

Colum Murray

London SW18 1GN

Shared ownership Solicitors London

46 years of experience

Does not accept legal aid

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...

Catherine Watkins

Cwmbran NP44 1UG

Shared ownership Solicitors Cwmbran

29 years of experience

Does not accept legal aid

Catherine Watkins is an experienced family and property lawyer based in Cwmbran, with 29 years of legal expertise. Fluent in both English and Welsh, Catherine is a key member of Newbold Solicitors, where she specializes in family law,...

Syd Brown

Belfast BT1 3GN

Shared ownership Solicitors Belfast

28 years of experience

Does not accept legal aid

Syd Brown is an experienced lawyer based in Belfast, renowned for his expertise in property law, wills, trusts, estate matters, and dispute resolution. With 28 years of legal practice, he has developed a solid reputation for delivering high-quality...

Alexandra Bradbury

Stoke-on-Trent ST2 7HA

Shared ownership Solicitors Stoke-on-Trent

10 years of experience

Does not accept legal aid

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...

Mike WRAGG

Buckinghamshire

Shared ownership Solicitors Buckinghamshire

17 years of experience

Does not accept legal aid

Mike Wragg is the Head of Residential Property at Lennons Solicitors, a well-established law firm in Buckinghamshire with offices in Chesham, Amersham, and Beaconsfield. With 17 years of experience, Mike specialises in all aspects of residential property law,...