Residential Property Services
Buying a House

Shared Ownership can be an affordable way of getting onto the property ladder.

If you cannot afford to buy a house or flat outright, then this could be an option for you.

It allows you to buy a share in a property and then pay rent on the rest. However, you need to be sure that you can afford the mortgage and the rent.

People who go through the shared ownership option typically own between 25% to 75% of the property initially

Buyers can qualify for the shared ownership scheme as long as their household earns less than £80,000, or £90,000 in London.

Zoë Baxter who heads the Residential Property team, has considerable experience in dealing with the purchase of shared ownership properties from Housing Associations.

She will advise you on all stages of the transaction and in particular, she will report on both the individual title to the property and the terms of the lease to be granted by the Housing Association.

Zoë will also act for your lender so that the mortgage can be completed at the same time as the lease and purchase. After completion, she will register the lease at the land registry.

Initial Telephone Discussion

Our highly experienced solicitors will provide expert advice and assist you. Please call us for an initial no-charge discussion on 01256 460830 or email us at [email protected].

The Steps to Take on a Shared Ownership Property

When you have found a property at a price you can afford through the shared ownership scheme contact the Housing Association.

Instruct Zoë to deal with the purchase so that she can make contact with the solicitors for the Housing Association.

Apply for a mortgage through a bank or building society who will arrange a valuation for their purposes

Once everything has been approved arrange to pay your deposit and Zoë will exchange contracts for you so she can complete your purchase.

Increase Your Share By Staircasing

When your finances allow it, you have the option to increase your share of the property and can eventually own it 100% in many cases. This is known as staircasing.

If you wish to increase your share through staircasing, Zoë will be more than happy to assist you.

Selling Your Home

If you own a share of the property, the Housing Association has the right to find a buyer for it.

If you own 100% of the property you can sell it yourself, however, when you put it up for sale the Housing Association has the right to buy it back, in what is known as ‘first refusal.’

How to get in contact

Our Residential Property Solicitors are on hand to provide expert advice and assist you wherever you are based. Please call us for a no-obligation, initial discussion on 01256 460830 or email [email protected].

Our offices are based in Basingstoke and we assist clients across the country.

Have more questions?
Our expert solicitors are here to take the worry off your hands.
Please call us or email and we’ll get back to you as soon as possible.
We understand that seeing a solicitor for conveyancing matters can be daunting. Our friendly, expert team are here for you.
What to expect
Clear, straightforward advice

We aim to keep legal jargon to a minimum and guide you through the process in a manner that is easy to understand.

Highly qualified

Our highly-skilled solicitors offer tailored, strategic solutions to even the most complex matters, ensuring you receive the guidance and support you need.

Progression of your case

We will be by your side throughout every stage of the process and will provide you with regular updates and advice along the way.

No surprises

We communicate thoroughly with you from the outset to ensure that we fully understand your individual needs. This allows us to accurately quote for your matter leaving you without any unexpected surprises and fees further down the line.

Transparent pricing

We provide our clients with a concise and transparent breakdown of costs from the outset of the matter and throughout any subsequent stages. This enables you to build faith and trust in us early on to form a lasting relationship.

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