Understanding shared ownership
Shared ownership allows you to purchase a percentage share in a property while paying rent on the remaining share to a housing association. Over time, you may be able to increase your ownership through a process known as staircasing.
Although shared ownership can be a more affordable route onto the property ladder, the legal structure is more complex than a standard purchase. The lease will contain specific conditions, including restrictions on selling, staircasing provisions and obligations relating to service charges and rent.
You will also need to satisfy both your mortgage lender’s requirements and the housing association’s conditions.
Our role is to ensure you understand your rights and responsibilities before you commit.
How we can help
Reviewing the shared ownership lease
We examine the lease terms carefully and explain rent, service charges and staircasing provisions.
Acting for your mortgage lender
We ensure your lender’s legal requirements are satisfied.
Advising on restrictions
We explain any conditions affecting resale, alterations or subletting.
Managing the purchase process
We deal with the housing association, seller and lender to progress the transaction efficiently.
Staircasing advice
If you are increasing your share in the property, we handle the legal work involved.
Registering your ownership
We ensure your interest in the property is correctly registered at HM Land Registry.
