Shared Ownership
Our Property Law specialists are recognised by many Housing Associations for our experience dealing with shared ownership purchases.Â
Shared ownership properties are usually more time-consuming than normal sale and purchases as the titles tend to be more complex and there are multiple parties who have to be involved including the Housing Association and their Solicitors, Management Companies and their Solicitors, freeholders and lenders. Therefore it is important to use Solicitors who are experienced and confident in dealing with these transactions.
We can:
- Deal with Housing Associations consent / approval and sale procedures
- Review complex titles with various Leasehold titles and Leases
- Raise complex legal enquiries
- Obtain and review Leasehold pack from the Housing Association
- Deal with Interim and Final Staircasing Transactions which involves non-standard stamp duty calculations, mortgage company legal work and complex registrations
What is Shared Ownership?
A shared ownership scheme is when you choose to purchase a certain percentage of the value of the property, for example 50%. The remaining percentage is owned by a Landlord, normally a Housing Association. If you were to purchase 50% of the value of the property, you would then pay rent on the remaining 50%. This method of buying a property lowers the mortgage you require, and is not the same as the Help to Buy scheme.
Quick links
Sign up
Enter your email address for legal updates on Property & Construction Law.
Related services
Residential ConveyancingTeam
Latest news & insights
Thinking about buying a flat, or already own one?
The Building Safety Act 2022 slowly made its way through Parliament last year and introduced a framework to a multitude of leaseholders .
What Developers Need to Know About Limitation following Grenfell
The objective of the Building Safety Act 2022 (BSA 2022) was to reform building safety legislation and fire safety.
Self-employed contractors – what are the key employment issues?
Many people are aware that contractors are engaged in a different manner to employees, therefore a varied approach needs to be taken towards them.
Pricing Guides
We are required by the Solicitors Regulation Authority to publish certain pricing information. Please contact us for an accurate fee proposal based on your particular facts and circumstances.
Email: info@herrington-carmichael.com
Farnborough
Brennan House, Farnborough Aerospace Centre Business Park, Farnborough, GU14 6XR
Reading (Appointment only)
The Abbey, Abbey Gardens, Abbey Street, Reading RG1 3BA
Ascot (Appointment only)
102, Berkshire House, 39-51 High Street, Ascot, Berkshire SL5 7HY
London (Appointment only)
60 St Martins Lane, Covent Garden, London WC2N 4JS
Privacy Policy  |  Legal Notices, T&Cs, Complaints Resolution  |  Cookies  |  Client Feedback  |  Diversity Data
Our Services
Corporate Lawyers
Commercial Lawyers
Commercial Property Lawyers
Conveyancing Solicitors
Dispute Resolution Lawyers
Divorce & Family Lawyers
Employment Lawyers
Immigration Law Services
Private Wealth & Inheritance Lawyers
Startups & New Business Lawyers
Please be aware that we have no plans to change our bank details. If you receive any indication that any of our bank details have changed please contact us before sending us any funds. We take no responsibility for monies you transfer into the wrong bank account.
© 2023 Herrington Carmichael LLP. Registered in England and Wales company number OC322293.
Herrington Carmichael LLP is authorised and regulated by the Solicitors Regulation Authority with registration number 446245.