Shared Ownership Solicitors London

Shared Ownership Solicitors Quote - Call 0207 112 5388

Conveyancing Solicitors

London Property Details

Avg. Property Price in London - 2015: £458,283
Avg. Property Price in London - 2014: £409,076
Increase Compared to Last Year +12%
Avg. Rent in London: £2,990 PCM
Monthly properties for sale in London: 47,479
Population of London: c. 8,600,000
Get Conveyancing Quote
or contact us now on 

0207 112 5388

Shared Ownership Solicitors London

Great value shared ownership specialists providing conveyancing support to anyone looking to buy or sell a shared ownership property in London. We work closely with all of the London Housing Associations so you'll have the best chance of a successful completion. 

A Shared Ownership transaction is considerably more complex than a standard sale or purchase as the Housing Association, the mortgage lender and the Freeholders all have to work with each other and this requires management. Our solicitors are used to handling this and will lead from the front in pushing to keep the process moving. Whether you are buying your first share, staircasing to own more of the property or simply selling a shared ownership property, our solicitors and surveyors can help you.

Although the shared ownership process is complex we provide you with one fixed price for all of the legal work your shared ownership solicitor will do for you. We hide nothing in the small print and guarantee our solicitors’ fees never go up.

  • No Move, No Fee Promise
  • Guaranteed Fixed Fee - all wrapped up in one low price
  • Working directly with an experienced solicitor
  • Shared Ownership Specialists in London
  • On all mortgage lender panels Inc HSBC, Santander, Halifax

What is Shared Ownership?

Shared ownership schemes allow lower income earners with smaller deposits to buy a home by sharing the ownership with a housing association. You buy a share of your home, anywhere from 25% to 75% of the full value, and the housing association owns the rest. You pay a monthly rent to the housing association for the amount that they own.Shared-Ownership---Buy--Rent-g0f6F0.png

You can fund your share by a deposit and a shared ownership mortgage. So if you are buying a 25% share of a property worth £200,000 (£50,000) with a £5,000 deposit, then you’d need to get a mortgage for the £45,000.

Shared Ownership Solicitors handle the legal work for you; liaising with your mortgage lender and the housing association. The process can take longer than normal conveyancing purchases.

Once you complete your shared ownership purchase you can buy additional shares in your property from the housing association after you have owned the property for a period of time.

Selling a Shared Ownership Property

When you come to sell if you own 100% of your home you can sell it yourself. When you put it up for sale, the housing association has the right to buy the property back first. This is known as ‘first refusal’ and the housing association has this right for 21 years after you fully own the home. If you own a share of your home, the housing association has the right to find a buyer for it. You’ll have to pay for the property to be valued to get the current market rate that’ll be used if the housing association buys back your share. 

Be careful the valuation only lasts for 3 months and if you don't complete your shared ownership conveyancing in this time you'll have to confirm if the housing association is happy to proceed; if not they will ask you to pay to get the property revalued at your cost.

Which Housing Associations do we work with?

We work with all of the Housing Associations in London including A2 Dominion, Catalyst Housing Group, Family Mosaic, Genesis Housing Group, The Guiness Trust and many more. Call 0207 112 5388 to speak to one of our Shared Ownership Specialists.

Fixed Fee Shared Ownership Solicitors in London

Shared Ownership Solicitors always charge for the additional work required during the shared ownership process. Sadly all to often cheap shared ownership solicitors don't always include their final fee and simply supply a low estimate that isn't fixed. 

Our shared ownership solicitors provide a fixed conveyancing fee which includes all of the legal fees in one quote including the bank transfers, mortgage, leasehold, shared ownership and admin fees.
Fixed Fee Shared Ownership Solicitors London

When comparing other non-fixed shared ownership solicitors' quotes make sure that you get an upper limit of what will be charged. All too often cheap conveyancing estimates end up costing £100s more than you budgeted for because an estimate is not a fixed fee. 

Our conveyancing solicitors provide a fixed fee quote that includes all of the legal fees you’ll need to pay when buying or selling your home. This means you can budget how much the home move is going to cost you from start to finish.

No Sale No Fee Shared Ownership Solicitors in London

The shared ownership conveyancing process has no certainties until you complete and collect your keys from the housing association. Until this point the conveyancing could fall through; especially in the London market. No Sale No Fee Shared Ownership Solicitors London


This is why all of our quotes are a no sale no fee so that you don’t have to pay for your full solicitor’s fee if the conveyancing falls through.


Call us on 0207 112 5388 to find out more about our no sale no fee conveyancing solicitors.

Fast Shared Ownership Solicitors London – Our top tip

The shared ownership process is notoriously slow and many clients look for fast shared ownership solicitors in London to get their purchase through quickly. The challenge many face are the delays with the Housing Association, but this can be worsened if you choose a shared ownership solicitor who is over burdened with work.

With a time limit on the property valuation of 3 months it is essential that when you choose your shared ownership solicitors you do so knowing that your solicitor has the capacity to complete the legal work within that time frame. The only way to get a fast shared ownership is to chase, push and call the housing association to make sure you get everything from them and give them everything they need. This is an art and what our shared ownership solicitors specialise in. 

Staircasing your shared ownership in London

You can buy more shares in your home any time after you become the owner. This is known as ‘staircasing’.
Staircasing Shared Ownership Solicitors London
The cost of your new share will depend on how much your home is worth when you want to buy the share. If property prices in your area have gone up, you’ll pay more than for your first share. If your home has dropped in value, your new share will be cheaper.

The housing association will get the property valued and let you know the cost of your new share. You’ll have to pay to get the valuation from a RICS surveyor.

When staircasing you MUST check you position with regards to stamp duty - call us if you need to know how much stamp duty you'll pay once you staircase as it could cost £1,000s.

Who can do Shared Ownership in London?

Not everyone is eligible for shared ownership and the criteria for London are different.

You can generally buy a home through shared ownership if:

  • your household earns £60,000 a year or less (or £66,000 or less in London for a 1 or 2 bedroom property, or £80,000 or less in London for a 3 or more bedroom property)
  • you’re a first-time buyer (or you used to own a home, but can’t afford to buy one now)
  • you rent a council or housing association property

You are also limited to only being allowed to buy leasehold properties. London has a number of housing associations and the top 15 are A2Dominion Group, Affinity Sutton, AmicusHorizon, Catalyst Housing, Circle, East Thames Group, Family Mosaic, Genesis Housing Association, The Hyde Group, L&Q, Metropolitan, Network Housing Group, Notting Hill Housing, Peabody, Southern Housing Group.

Property Statistics & Council Tax Bands in London

Council tax band
for Lambeth, London
Market value
Market value
Council tax
2015-6 Lambeth, London
A £0 £40,000 £825.80
B £40,001 £52,000 £963.43
C £52,001 £68,000 £1,101.06
D £68,001 £88,000 £1,238.70
E £88,001 £120,000 £1,513.97
F £120,001 £160,000 £1,789.23
G £160,001 £320,000 £2,064.50
H £320,001 Over £2,477.40
Shared Ownership Solicitors London Reviews
Shared Ownership Quote for Solicitors in London 
Call 0207 112 5388 - Or read our Reviews

Related Articles


Help to Buy London

We support you through the whole Help to Buy Process using hand selected mortgage brokers, solicitors and surveyors Help to Buy Mortgage Brokers Exclusive Help to Buy mortgage...

London Conveyancing Solicitors


London HomeBuyers Survey