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For those struggling to afford their own home shared ownership schemes can provide a more realistic way to get on the property ladder.

These schemes are generally run by registered social landlords (RSLs) or housing associations (HAs) – but are also run by some private developers – and allow you to buy a share of the property with a mortgage and pay rent on the remaining share. You can increase your share over time in a process known as staircasing until you eventually own 100% of the equity.

Many of these schemes are more complicated legally than a straightforward house purchase so it is important that you instruct a solicitor who understands the process and can handle your transaction expertly.

Our residential conveyancing department have dealt with many shared ownership purchases and would be delighted to help you get on the property ladder.

For further information, please call our residential conveyancing team on 0191 281 6151.

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For more information please send us an enquiry and we will get back to you as soon as possible.