Shared Ownership
Shared Ownership
Shared ownership is an increasingly popular way to get on the property ladder, especially for first-time buyers and key workers. But it comes with its own legal complexities. At Franklins Solicitors, we provide clear, expert advice to help you understand your rights, responsibilities and options from start to finish.
Law for life
What is Shared Ownership?
Shared ownership allows you to buy a percentage share of a property, typically from a housing association or developer and pay rent on the remaining share. You can increase your ownership over time through a process called staircasing.
It’s designed to be more affordable than traditional purchases, but it’s still a long-term legal commitment. We help ensure you fully understand the scheme before you sign.
law for life
How We Help with Shared Ownership Transactions
Our specialist conveyancers deal with all legal aspects of shared ownership property, including:
Purchasing a shared ownership home
Selling a shared ownership property
Staircasing (buying further shares in your home)
Lease reviews and compliance with housing association rules
Liaising with mortgage lenders and shared ownership providers
Advice on resale restrictions and nomination periods
conveyancing
Buying a Shared Ownership Home
When buying a shared ownership property, we:
conveyancing
Selling or Staircasing Your Share
Selling or increasing your share in a shared ownership home involves additional steps and permissions. Our goal is to protect your position while meeting any provider-imposed deadlines.
