Crown Law Solicitors

Shared Ownership Conveyancing

As being the top shared ownership conveyancing solicitors in London, we understand how difficult it is to own property as a commoner. 

As home prices and living costs continue to climb but earnings fail to keep up, first-time buyers find it increasingly difficult to jump on the housing ladder.

 To address the rising inaccessibility of house ownership, the government had introduced Shared Ownership Scheme for ordinary people. Shared ownership benefits persons who are inadequate to save for a deposit or do not make enough money to keep up with mortgage payments.

What is Shared Ownership?

Shared ownership, sometimes referred to as ‘Help to Buy’ or ‘Shared Equity is a scheme where you buy a share of a property with a housing association which means that you both own part of the property. For many people, this will make the prospect of owning a home a reality as it will mean a smaller deposit and a smaller mortgage. Over time, you also have the option to acquire the shares of the housing association until you own the whole property.

You will be forced to pay the housing association a lower than market rate rent value, as well as any service charges and ground rent, for the portion of the property controlled by them.

However, the combined mortgage and payment to the housing association will still be lower than a full rate mortgage, and you will own part of your property, and in time the option is there to own all of it.

According to that Crown Laws’ shared ownership conveyancing solicitors, London, summarise it: The shared ownership should apply to you in the following circumstances:

  • You are a first-time buyer or those who used to own a property but can no longer afford one.
  • You have an income or combined income that does not exceed £80,000 or £90,000 in London.
  • You have a long-term disability – the HOLD scheme may apply to you.
  • You are over 55 – you may also qualify for the Older People’s Shared Ownership which means you can only buy up to 75% of your home, and once you own 75% you will not have to pay rent on the remaining share.

If you have already chosen to buy a home through shared ownership or assistance to buy a plan, or if you have a query you would want to be addressed before making a final choice, our specialized property attorneys can advise and represent you.

Crown Law shared ownership conveyancing solicitors have assisted many individuals in obtaining a home through a shared ownership arrangement and will handle the legal work for you to ensure the transaction is completed legally and protected at all times.

Our Shared Ownership Solicitors suggests – when acquiring a home under a shared ownership plan, there will be requirements that you must meet, and we will make sure you understand what those restrictions are and how to meet them.

Our experienced Shared Ownership Conveyancing Solicitors in London will handle every part of your property transaction on your behalf, including:

  • Guiding the scheme’s regulations, eligibility, and if shared ownership is suitable for you.
  • Interaction with all parties involved, including your mortgage lender, the housing association, and/or their attorneys.
  • Investigating the property’s title, conducting Land Registry and local government searches, reviewing the lease conditions, and advising on any rights of access or water supply concerns. 
  • Supervise the drafting of legal papers and explain their terms to you. 
  • Coordinate with the Land Registry on the purchase registration.

Our Fees & Making Contact

We tend to work to fixed fees for residential property matters that are competitive. You can obtain detailed information on the fees that we charge for a property sale or purchase by clicking here. Our fees structure is clear and easy to understand, and we will not apply any hidden charges.

When you instruct us to represent you for the sale or purchase of your home, you will know exactly what you will need to pay to whom and when.

To obtain a quotation or to speak to one of our experienced property lawyers you can call us on 0208 175 6733 or email us at or complete an online inquiry.