Shared Ownership

Initial Telephone Discussion 

Our expert solicitors are here to take the worry off your hands. Please call us on 01256 460830 or email [email protected] and we'll get back to you as soon as possible.


Shared Ownership can be an affordable way of getting onto the property ladder.

If you cannot afford to buy a house or flat outright, then this could be an option for you.

It allows you to buy a share in a property and then pay rent on the rest. However, you need to be sure that you can afford the mortgage and the rent.

People who go through the shared ownership option typically own between 25% to 75% of the property initially

Buyers can qualify for the shared ownership scheme as long as their household earns less than £80,000, or £90,000 in London.

Zoë Baxter who heads the Residential Property team, has considerable experience in dealing with the purchase of shared ownership properties from Housing Associations.

She will advise you on all stages of the transaction and in particular, she will report on both the individual title to the property and the terms of the lease to be granted by the Housing Association.

Zoë will also act for your lender so that the mortgage can be completed at the same time as the lease and purchase. After completion she will register the lease at the land registry.

The Steps You Take on Purchasing a Shared Ownership Property:

When you have found a property at a price you can afford through the shared ownership scheme contact the Housing Association.

Instruct Zoë to deal with the purchase so that she can make contact with the solicitors for the Housing Association.

Apply for a mortgage through a bank or building society who will arrange a valuation for their purposes  

Once everything has been approved arrange to pay your deposit and Zoë will exchange contracts for you so she can complete your purchase.


Increase Your Share by Staircasing

When your finances allow it, you have the option to increase your share of the property and can eventually own it 100% in many cases. This is known as staircasing.

If you wish to increase your share through staircasing, Zoë will be more than happy to assist you.


Selling Your Home

If you own a share of the property, the Housing Association has the right to find a buyer for it.

If you own 100% of the property you can sell it yourself, however, when you put it up for sale the Housing Association has the right to buy it back, in what is known as ‘first refusal.’

How to get in contact

The Residential Property team is on hand to help you and can assist wherever you are based. Please call us for a no-obligation, initial discussion on 01256 460830 or email [email protected] and we will call or email you back.

Our office is based in Basingstoke, but we can also assist clients remotely via video and by telephone.