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Property Conveyancing Farleys Solicitors LLP

Shared Ownership Property Solicitors

Shared ownership schemes have helped many people who wouldn’t ordinarily have afforded a property to get themselves on the property ladder and you could be the next person to take that step with the help of Farleys’ shared ownership property specialists.

What is Shared Ownership?

Shared ownership schemes are usually run through Housing Associations or Registered Social Landlords. They allow a buyer to purchase the percentage of a property, often funded through a mortgage, while paying rent on the remaining share, sometimes with the option of buying further percentages of the property until they own it outright (known as staircasing).

Why Do I Need a Shared Ownership Solicitor?

The terms and conditions involved in shared ownership agreements can be complex so it is vital you consult an expert at the earliest opportunity. Your solicitor or conveyancer can assist you to ensure your mortgage offer, contracts, and Stamp Duty Land Tax all comply with the shared ownership scheme requirements. Shared ownership properties are often sold as leasehold as opposed to freehold so your solicitor can talk you through the implications of this and ensure you will not be disadvantaged by this.

Who Qualifies for the Shared Ownership Scheme?

To qualify for shared ownership, you must:

  • Earn less than £60,000 a year as a combined household (outside of London)

  • Be a first-time buyer or a previous home owner but now no longer able to afford to buy a home

  • Be aged under 55 (there is a separate shared ownership scheme for the over 55s called “Older People’s Shared Ownership” where the buyer is eligible to by up to 75% of the home.)

Shared ownership schemes can be open to people who are currently renting a property from the council or housing association.

Why Choose Farleys?

Farleys’ team of residential property solicitors and conveyancers pride themselves on providing legal expertise with a down to earth approach. They cut out the legal jargon and get the job done with minimum stress for clients.

Contact a Specialist in Shared Ownership Properties

Speak to a member of Farleys’ residential property team today on 0333 331 5680 or contact us by email.

“Andrea [Edwards] was extremely helpful and supportive, we couldn’t have asked for more. 5 star service!! Thank You.”

Mr & Mrs B - Residential Conveyancing Clients

2018-11-14T10:40:46+00:00

Mr & Mrs B - Residential Conveyancing Clients

“Andrea [Edwards] was extremely helpful and supportive, we couldn’t have asked for more. 5 star service!! Thank You.”
“The prompt reply to emails. The efficient ‘holiday handover’ of the case. The friendly & efficient service. It appeared that Donna (and Andrea) went the ‘extra mile’ to help push the sale through.”
2018-04-19T10:51:23+00:00
“The prompt reply to emails. The efficient ‘holiday handover’ of the case. The friendly & efficient service. It appeared that Donna (and Andrea) went the ‘extra mile’ to help push the sale through.”
“Donna [Jackson] provided an excellent service. Friendly, easy to work with, competent, quick to respond. Couldn’t have asked for better – keep up the good work! Thank you very much! Very impressed. Will recommend and use again!”

Mr B & Miss J – Property Client

2018-08-06T13:01:22+00:00

Mr B & Miss J – Property Client

“Donna [Jackson] provided an excellent service. Friendly, easy to work with, competent, quick to respond. Couldn’t have asked for better – keep up the good work! Thank you very much! Very impressed. Will recommend and use again!”
“Very friendly, proactive and punctual service. Removed a lot of potential stress from house buying. The best service I have had using a solicitor thus far. Very impressed and recommend with high regard.”
2018-04-19T10:49:15+00:00
“Very friendly, proactive and punctual service. Removed a lot of potential stress from house buying. The best service I have had using a solicitor thus far. Very impressed and recommend with high regard.”
“Donna [Jackson] was absolutely fantastic throughout the whole process, we cannot thank her enough. She was very polite and dealt with any requests we had promptly and kept us informed throughout. Very professional friendly service!”
2018-04-19T10:50:11+00:00
“Donna [Jackson] was absolutely fantastic throughout the whole process, we cannot thank her enough. She was very polite and dealt with any requests we had promptly and kept us informed throughout. Very professional friendly service!”
"Donna’s professionalism gave me confidence in the procedure. Excellent. Thank you.”
2018-06-19T11:27:31+00:00
"Donna’s professionalism gave me confidence in the procedure. Excellent. Thank you.”
“My best interests were always at the forefront of everything”

Ms B – Domestic Conveyancing Client

2018-09-24T12:51:12+00:00

Ms B – Domestic Conveyancing Client

“My best interests were always at the forefront of everything”
“We received a fantastic service from Andrea [Edwards] through a very tricky house move. We were very impressed with all the service provided.”

Mr & Mrs C – Domestic Conveyancing Clients

2018-09-24T12:57:20+00:00

Mr & Mrs C – Domestic Conveyancing Clients

“We received a fantastic service from Andrea [Edwards] through a very tricky house move. We were very impressed with all the service provided.”
“Andrea Edwards provided an excellent service, professional throughout. We were advised by friends to use Farleys, we will 100% recommend Farleys to friends and relatives in the future. Andrea is a credit to your company/reputation.”
2018-04-19T10:53:15+00:00
“Andrea Edwards provided an excellent service, professional throughout. We were advised by friends to use Farleys, we will 100% recommend Farleys to friends and relatives in the future. Andrea is a credit to your company/reputation.”

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