Shared Ownership

If you’re buying a shared ownership property, our conveyancing solicitors can guide you through the process. Shared ownership has its own set of complexities. You need to have an experienced solicitor who can provide the necessary support and advice.

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Shared ownership solicitors 

Shared ownership is a viable option for those who are struggling to get onto the property ladder. When you buy a shared ownership property, it means that you own a certain percentage of the property. A housing association or registered social landlord owns the remaining percentage of the property, on which you pay rent.

Only certain people are eligible to purchase a property through shared ownership. If you are one of them, then you need to get professional legal advice. Shared ownership properties are very different from other types of residential property and you need to be aware of the implications.

Our conveyancing solicitors can review the terms of your shared ownership arrangement and advise you on:

  • How you can buy additional shares in the property
  • The operation of the rent review clause
  • What happens when you wish to sell the property
  • The costs involved in paying both a mortgage and rent
  • Whether the property is freehold or leasehold, and what this means for you

If you would like to proceed with the purchase, we can handle the entire conveyancing process for you. We use a comprehensive and sophisticated case management system, ensuring your transaction is conducted as quickly and efficiently as possible.

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