Shared Ownership
Making Sense of Shared Ownership
Shared Ownership offers an alternative route to home ownership, allowing eligible buyers to purchase a share in a property and pay rent on the remainder. While the model makes entering the property market more accessible, it also introduces a number of legal complexities that require careful consideration.
We have experience advising clients on all aspects of Shared Ownership, whether purchasing a new-build share or staircasing (increasing the share you own over time). Our role is to ensure that your rights and responsibilities are clearly understood from the outset.
We assist with reviewing the shared ownership lease, coordinating with the housing association, advising on mortgage requirements, and handling the legal formalities of your purchase. Throughout the process, you will receive clear advice tailored to your circumstances.
Shared Ownership can offer a practical route into home ownership, but the legal framework differs significantly from a conventional purchase. We are here to guide you through the key stages with clear, structured advice:
Scheme Requirements: We understand the criteria for Shared Ownership schemes, including income thresholds, local connection requirements, and housing association conditions.
Staircasing Transactions: If you're looking to purchase a greater share in your home, we provide legal advice on the staircasing process.
Selling a Shared Ownership Property: We advise on your rights and options when selling your share, including nomination periods, housing association procedures, and resale restrictions.
Our role is to ensure that your transaction is properly understood, your legal obligations are clear, and your interests are protected throughout.
Where Property Law Meets Personal Service.
Transactions that progress with purpose. Call 020 3310 3696 or get in touch to discuss your needs.