Shared Ownership Conveyancers

If you’ve found the perfect house and want to purchase it through a Shared Ownership scheme, then Chapter Law are your trusted conveyancers to handle the legal side of things.

What is Shared Ownership?

Shared ownership is a scheme available on certain properties, that allows buyers to purchase a share of the property, rather than fully owning it.

Shares are usually available between 10% and 75% of the total property, and the price to own that share usually reflects that.

This means you can begin your property ownership journey with significantly lower costs than owning a property outright.

Shared Ownership properties tend to be newer builds. Once you own the share, you pay off your share of the property, as well as rent on the remaining share of the property. If you want to increase your share, you can, by purchasing more in future. This is known as “staircasing”. Buying a shared ownership property and staircasing both require a conveyancer to help with the legalities, so make sure you choose one you can trust.

What do Conveyancers do for Shared Ownership?

Conveyancers such as Chapter Law will manage the legal aspects of your property purchase, including searches, contracts, exchange and completion.  We’ll let you know of any particular details you’ll need to be aware of when it comes to Shared Ownership and can also help you in future if you choose to staircase and own more shares in your property.

How long does Shared Ownership conveyancing take?

On average, we find that conveyancing for Shared On wership properties can take between 12 and 16 weeks, but this can take more or less time depending or how simple or complicated the purchase is. Your case manager will make you aware of any hold ups, and advise on what can be done to speed up the process.

How much does Shared Ownership conveyancing cost?

The short answer is: it depends. Different properties will have different requirements, but there’s a very easy way to understand how much your conveyancer fees might be. Simply use our fee estimate calculator to find out what you might be spending for our legal expertise. And remember, we operate on a fixed fee model, with No sale, no legal fee. So if your sale falls through, you won’t be left out of pocket.