Shared Ownership Conveyancing You Can Trust
Shared Ownership and Help to Buy schemes are a practical way for many who want to get on the property ladder but can’t afford to buy outright. By purchasing a share in your home and paying rent on the rest, you can buy more affordably and increase your ownership over time.
At GloverPriest, our dedicated shared ownership solicitors provide clear, step-by-step guidance throughout your journey. From buying your first share to moving towards full ownership, we’ll protect your interests and make the experience as straightforward and stress-free as possible
Buying through Shared Ownership or Help to Buy can feel daunting, but we’re here to guide you every step of the way. Complete our contact form today.
How GloverPriest Can Help
Shared ownership conveyancing is more complex than a standard house purchase. Every property is leasehold, and there are additional Housing Association and Government rules to follow. That’s why you need experienced solicitors who specialise in this area.
At GloverPriest, our team will:
- Guide you through the full shared ownership conveyancing processes in plain English.
- Liaise with Housing Associations, landlords, and mortgage lenders on your behalf.
- Handle all legal requirements linked to Help to Buy and Shared Ownership schemes.
- Provide clear, upfront advice on shared ownership solicitors’ fees, including fixed-fee options.
- Ensure your rights are protected at every stage of your purchase or sale.
Our accredited conveyancing solicitors combine technical knowledge with a supportive approach, making sure you feel informed and confident throughout.
Ready to get started with Shared Ownership? We’re here to help:
How Shared Ownership Works
Shared Ownership is usually offered through Housing Associations or Registered Social Landlords. Instead of buying a home outright, you purchase a share (for example, 10%, 25% or even 75%) and pay rent on the remaining part you don’t own.
Most Shared Ownership leases also allow you to buy additional shares over time. This process - often called staircasing - means you can gradually move towards full ownership at a pace that suits your situation.
Shared Ownership - Staircasing:
- Minimum share purchase - The minimum additional share you can usually buy is 10% of the property’s current market value. Some Housing Associations may allow smaller increments (such as 5%) once you already own a larger share, but 10% is the standard starting point.
- Help to Buy repayments - For Help to Buy: Equity Loan properties, the minimum repayment is also 10% of the home’s current market value. Unlike Shared Ownership, you’re repaying part of the loan rather than buying further shares, but the 10% minimum still applies.
- Rent reductions - Each time you buy more shares, your rent reduces in line with the landlord’s remaining interest.
- Final staircasing (100% ownership) - When you purchase the final share and reach 100% ownership, rent stops completely. If the property is a house, the freehold is usually transferred to you and the Shared Ownership lease can be closed. If it’s a flat, you remain a leaseholder (as flats cannot be owned freehold), but the Shared Ownership lease is normally replaced with a standard lease.
- Legal process - When additional shares are purchased, a memorandum of staircasing is signed to confirm the new ownership share and revised rent. This process is known as final staircasing, and the exact steps depend on the terms of your lease.
Because these schemes are always leasehold and subject to strict Housing Association and Government rules, staircasing often requires a conveyancer. At GloverPriest, we have dedicated staircasing solicitors who support clients through both initial purchases and staircasing all the way to full ownership.
Why Choose GloverPriest?
Clients trust us because we provide more than legal advice - we offer clarity, reassurance, and expertise from start to finish. When you work with GloverPriest, you can expect:
- Experienced shared ownership solicitors with a proven track record.
- Accredited by the Law Society Conveyancing Quality Scheme (CQS).
- Rated 4.9 stars on Review Solicitors.
- Clear and competitive shared ownership solicitors’ fees with fixed-fee options available.
- Support available online, by phone, or face-to-face.
- Local offices across the Midlands, helping clients searching for shared ownership solicitors near me.
- Expertise in shared ownership conveyancing, so can guide you through the process with confidence.
Speak to a Specialist Solicitor Today
Buying through Shared Ownership or Help to Buy is an exciting step, and you don’t have to manage it alone. Our solicitors are here to protect your interests, guide you through the details, and give you peace of mind from start to finish.
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