Shared Ownership

A structured route into property ownership, with the right legal advice from the outset

Shared ownership can provide an opportunity to step onto the property ladder at a time when purchasing outright may not be financially realistic – particularly in areas where property values continue to rise.

However, shared ownership purchases involve additional legal and financial considerations that should be understood properly before committing.

At Vyman Solicitors, we advise buyers on shared ownership transactions with a clear and commercially focused approach, ensuring you understand the structure of the arrangement, your ongoing obligations and the long-term implications of the purchase.

Shared ownership properties are typically leasehold and involve purchasing a percentage share in a property while paying rent on the remaining share to a housing association.

We regularly advise on:

• Shared ownership purchases
• Housing association requirements
• Leasehold and service charge considerations
• Mortgage lender requirements
• Staircasing and increasing ownership shares
• Older People’s Shared Ownership (OPSO)
• Shared ownership schemes for disabled buyers

The legal structure of shared ownership properties can be more complex than a standard purchase, particularly where lease terms, rent reviews and future ownership rights are involved.

Our role is to identify issues early, protect your position throughout the transaction and ensure the purchase progresses efficiently from instruction through to completion.

At Vyman Solicitors, you will work directly with our experienced team of solicitors who will manage the process proactively and ensure your interests remain protected throughout.

If you are considering purchasing through a shared ownership scheme, speak to our Residential Property team for tailored legal advice and a personalised quote.