skip to Main Content

Shared Ownership

What is Shared Ownership?

Shared ownership, sometimes referred to ‘Help to Buy’ or ‘Shared Equity’ is a scheme where you buy a share of a property with a housing association which means that you both own part of the property. For many people this will make the prospect of owning a home a reality as it will mean a smaller deposit and a smaller mortgage. Over time, you also have the option to acquire the shares of the housing association until you own the whole property.

For the part of the property that is owned by the housing association you will be required to pay them a lower than market rate rent value plus any service charges and ground rent.

However, the combined mortgage and payment to the housing association will still be lower than a full rate mortgage and you will own part of your property and in time the option is there to own all of it.

You can find out more information on Shared ownership schemes by visiting the Government website – To summarise, shared ownership should apply to you in the following circumstances:

  • You are a first time buyer or those who used to own a property but can no longer afford one.
  • You have an income or combined income that does not exceed £80,000 or £90,000 in London.
  • You have a long term disability – the HOLD scheme may apply to you
  • You are over 55 – you may also qualify for the Older People’s Shared Ownership which means you can only buy up to 75% of your home and once you own 75% you will not have to pay rent on the remaining share

Shared Ownership Solicitors

If you have already decided to purchase a property making use of the shared ownership or help to by scheme or if you have a question you would like answered before making the final decision, our specialist property solicitors have the expertise and experience to advise and represent you.

At Crown Law Solicitors we have helped many people secure a property using a shared ownership scheme and will undertake the legal work for you to ensure the transaction is processed properly and you are protected at all times.

There will be conditions that you need to comply with when purchasing a property through a shared ownership scheme and we will ensure you are fully aware of what those conditions are and how you comply with them.

Our Fees & Making Contact

Our legal fees are always competitive and you will be very clear on the fees that need to be paid, to who and when.

To obtain quotation or to speak to one of our experienced shared ownership property lawyers you can call us on 0208 175 6733 or email us or complete an online enquiry.