Shared ownership
Shared ownership
Shared ownership schemes are usually provided by housing associations or private developers and allow you to obtain a stake in a property. The details, costs and restrictions involved vary by provider but in essence shared ownership schemes allow buyers who meet certain criteria to buy a stake (%) in a property, while paying rent on the remaining share to the housing association or private developer that own the building. You should be able to buy more of the property by “staircasing” i.e. increasing your share and in turn reducing your rent.
Such schemes enable you to get on to the property ladder more quickly than you might if you wanted to buy a property outright and it may be cheaper than renting but as with all attempts to enter the property market you need to apply some caution.
Please speak to our team for further information.
Get In Touch
Key Contacts
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Sheena Aston
Partner & Head of Property Law Team
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Janine Pendry Clark
Partner & Chartered Legal Executive
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Mandy Brown
Conveyancing Executive
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Adrianna Koscielniak
Trainee Solicitor
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Donna Fairhead
Conveyancing Assistant
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Zoe Hamlyn
Conveyancing Assistant
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Amelia Cox
Paralegal
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Rhys Nagle
Paralegal
