Shared Ownership Conveyancing: Why You Need a Specialist Conveyancer

Shared ownership is one of the most accessible ways to step onto the property ladder in the UK. It allows buyers to purchase a share of a property and pay rent on the remaining portion. However, shared ownership conveyancing is far more complex than a standard property transaction and choosing the right conveyancer can make all the difference. They come with unique legal requirements, such as:

• Leasehold agreements - shared ownership homes are leasehold, meaning you’ll need to understand ground rent, service charges, and lease terms.

• Staircasing options – Buying additional shares later involves further legal steps and costs

• Housing association rules – These organisations have strict processes and timelines.

• Resale restrictions – Selling a shared ownership property is not as straightforward as a standard sale.

A conveyancer who doesn’t understand shared ownership can cause:

• Delays in completion due to missed housing association requirements.

• Incorrect handling of staircasing clauses, leading to future complications.

• Mortgage issues, as not all lenders support shared ownership and the terms involved.

• Specialist conveyancers know the ins and outs of housing association processes, leasehold law, and lender requirements—saving you time, stress, and money.

When searching for a shared ownership conveyancing lawyer, look for:

• Proven experience – Ask how many shared ownership cases they’ve handled.

• Housing association expertise – They should understand compliance and timelines.

• Clear communication – Complex terms explained in plain English.

• Lender knowledge – They should know which mortgage lenders accept shared ownership.

Shared ownership is a fantastic way to own a home, but only if the legal process runs smoothly. Choosing a specialist shared ownership conveyancer ensures your purchase is stress-free and compliant from start to finish. At TMT we understand the importance of buying a new home. From our strategically located offices in Hythe, Chandlers Ford, Horsham and Bitterne Village in Southampton, our dedicated team of new build property lawyers offer tailored expertise for all types of new build property, including new build shared ownership.

We understand the importance of developer contracts, precise timelines, and the need for thorough due diligence, providing you with peace of mind every step of the way. Contact us today for expert advice and a hassle-free process.