Shared Ownership

Saving up for a home can feel impossible. Diligently putting money away each month for a deposit, all while rent bleeds you dry, and house prices continue to rise.

The news always seems to be full of articles about ‘millennials’ who managed to save up a deposit in just one or two years, ‘and all I had to do was move back in with my parents and never go out or go on holiday; I lived on rice and beans and of course I just had to give up takeaway coffee’.

We know just how frustrating it can be.

Luckily, there is support for people who cannot afford a deposit or a mortgage. The government has introduced a range of schemes, including the shared ownership scheme.

With shared ownership, you can buy part of a home (usually between 25% and 75%, but new buyers will soon be able to buy with as little as 10%). The other part is owned by a housing association or social housing provider to whom you pay rent. Over the years, you can continue saving and buy extra proportions of your home until you own 100% (this is called ‘staircasing’).

The legal process of buying a home through shared ownership is different to the ‘standard’ conveyancing process, so it is important to seek the advice of conveyancers who have expertise in this area.

At Wosskow Brown, our conveyancing solicitors specialise in helping people buy homes through schemes such as shared ownership.

We have substantial experience handling the unique legal aspects of these transactions, so you can trust us to get on with it quickly and efficiently.

Here’s what you can expect from us:

  • Fixed fees – so you know how much your conveyancing will cost from start to finish.
  • Conveyancing Quality Scheme accredited lawyers.
  • A friendly team who respond quickly to calls and emails.
  • Proactivity – we will chase the other side and push for progress. No delays will ever come from our side.
  • Regular updates – so you always know what’s going on.

Three simple steps to get started with our shared ownership conveyancing solicitors

1.    Request a fixed fee conveyancing quote

Get an instant idea of how much your conveyancing is likely to cost with us by using our conveyancing calculator to request an instant quote.

Our online quote will cover our fees, VAT and information about anticipated third party costs (such as Land Registry fees).

Shared ownership homes are always leasehold, so make sure you select Leasehold under the Tenure section:

Also, remember to tick the Shared Ownership / Help to Buy Scheme section:

Once you have your quote, do whatever you need to do before deciding to move forwards with us – get some other quotes and check out our team to learn about our expert conveyancers.

2.    Give us a call or send us a message

We have local offices across Sheffield on Attercliffe Road and in Gleadless and Hillsborough, plus an office in Barnsley.

So, give us a call at your nearest branch, or fill in our online enquiry form and we’ll give you a call back as soon as possible.

3.    Let us work our magic

We can start acting as soon as you are happy to proceed with us. Before we can get on with the exciting bits, we will need to sort out some admin, such as verifying your identity and reviewing our terms & conditions. So, if possible, get in touch a little bit before you need us.

We’ll also confirm your conveyancing quote in writing. Because we specialise in fixed fee conveyancing, you can trust that the price we quote will be what you pay. We will never go outside that quote unless extra work is required, and if that is the case, we’ll always speak to you first to get your consent.

How our shared ownership lawyers can help you

We can assist with all matters relating to shared ownership, including:

  • Buying and selling shared ownership properties.
  • Reviewing shared ownership lease agreements
  • Increasing your share in the property (staircasing).
  • Remortgaging shared ownership properties.
  • Specialist advice for first time buyers about the home ownership options available to you.

Why choose our shared ownership solicitors in Sheffield and Barnsley?

We are members of the Law Society Conveyancing Quality Scheme (CQS), an accreditation held by firms who lead the way in the area of property law.

But what does this mean for you? It means:

  • We have a strong track record of success.
  • We know how to spot risks before they cause you problems, meaning our clients face fewer delays during their conveyancing.
  • We’re clear and honest about our fees (and you’ll never be surprised by any hidden costs).
  • We’re approved to work with a wide range of mortgage lenders, so you can trust that your lender will be happy for you to instruct us, and you can access the best quality deals.

How does shared ownership work?

Shared ownership, sometimes referred to as share to buy, is a government home ownership scheme to help people who cannot afford a deposit or mortgage get on the property ladder.

It involves buying a share of a new build home or a resale shared ownership property. The share you don’t buy will be owned by a housing association or social housing landlord.

You will pay a deposit and get a mortgage on the share you own and pay rent on the part you don’t own. Shared ownership properties are always leasehold. This means there may also be other charges, such as service charges.

As time goes on, you can buy more shares in the property, usually until you own 100%. In this case, you will no longer have to pay rent, but may have to carry on paying service charges and ground rent.

New model for shared ownership 2021-2026

The government has decided to introduce a new shared ownership scheme to make it even easier for first time buyers to get on the housing ladder.

The new model for shared ownership will run from April 2021 to 2026, with many of the new benefits being available to buyers from early 2022.

The main changes under the scheme are:

  • The minimum share you can buy in a property is being reduced from 25% to 10%, which means many will be able to buy with a smaller deposit and mortgage.
  • When staircasing, owners will be able to buy smaller increments of 1% each year, reduced from 10% under the old scheme. Rent on the remainder of the property will be reviewed after each purchase.
  • Shared ownership housing providers will have to pay for essential repairs for the first 10 years of the lease. Owners will be able to claim up to £500 per year which can be rolled over for one year.
  • If a shared owner under the new scheme wants to sell, they do not have to wait the full eight weeks for the housing provider to market the property as under the old scheme. They will be able to end the eight-week period after four weeks if they would prefer to sell on the open market, giving them more control over the sale process.
  • New and existing owners will get 990 year lease terms, making their ownership much more secure. At the moment, shared ownership leases are usually 99 or 125 years long.

If you have any questions about the new shared ownership scheme and whether you can benefit from the changes, please get in touch.

Am I eligible for shared ownership?

To be eligible, you must:

  • Be at least 18 years old.
  • Have an annual household income of no more than £80,000 (or £90,000 in London).
  • Not be able to afford a home suitable for your needs on the open market.
  • Not be behind on your rent or mortgage payments.
  • Have a good credit history and can afford the payments required to own the shared ownership home.

You do not need to be a first time buyer, but most shared ownership buyers are. If you are not a first time buyer, you cannot own another home at the same time.

Get in touch with our shared ownership solicitors in Sheffield and Barnsley today

Get in touch with our friendly, expert conveyancing solicitors in Sheffield and Barnsley to get your next home move underway.

We have local offices across Sheffield on Attercliffe Road and in Gleadless and Hillsborough, plus an office in Barnsley.

Give us a call at your nearest branch or fill in our online enquiry form and we’ll give you a call back as soon as possible.

The Work was Fantsastic

The work was fantastic and I would recommend to other people!

Mrs Horsfield

Wosskow Brown Solicitors
2019-05-22T12:03:13+01:00

Mrs Horsfield

The work was fantastic and I would recommend to other people!

Friendly and Professional


Mrs Cook

Wosskow Brown Solicitors
2020-01-22T09:38:51+00:00

Mrs Cook

Very Efficient and Quick

Work was very efficient and quick! The file handler was brilliant, informative and very helpful! Will recommend

Mr Hobson

Wosskow Brown Solicitors
2019-06-25T12:15:13+01:00

Mr Hobson

Work was very efficient and quick! The file handler was brilliant, informative and very helpful! Will recommend

Friendly and Professional


Ms Proud

Wosskow Brown Solicitors
2020-02-25T09:51:53+00:00

Ms Proud

Attention to detail

Impressed with the attention that was given to any problems that arose during my property transaction. Thank you for all your help!

Ms Wadsworth & Mr Wragg

Wosskow Brown Solicitors
2019-08-14T10:06:29+01:00

Ms Wadsworth & Mr Wragg

Impressed with the attention that was given to any problems that arose during my property transaction. Thank you for all your help!

Consistently Professional

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Miss Laver

Wosskow Brown Solicitors
2019-09-13T11:01:17+01:00

Miss Laver

Always very satisfied with the service provided, consistently professional

Impressive Experience

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Mr & Mrs Shirtcliffe

Wosskow Brown Solicitors
2019-05-16T11:01:33+01:00

Mr & Mrs Shirtcliffe

Impressed with the whole experience, couldn't fault anything 

Supportive and Helpful

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Mr Senior

Wosskow Brown Solicitors
2019-10-11T10:46:43+01:00

Mr Senior

I was impressed with the help and advice throughout the process, supportive at all times. The service was perfect for me and I would happily recommend your firm to all.

Impressed with communication

I was impressed with communication, letters, phonecalls and meeting deadlines.

Mr Lindley

Wosskow Brown Solicitors
2019-01-22T12:45:13+00:00

Mr Lindley

I was impressed with communication, letters, phonecalls and meeting deadlines.

Outstanding service!


Mrs Pillay

Wosskow Brown Solicitors
2020-01-31T10:41:51+00:00

Mrs Pillay

Exceptional from start to finish

Kimberley Cooke was exceptional from start to finish. Very very impressed with her.

Mr Clayton

Wosskow Brown Solicitors
2018-11-12T14:22:21+00:00

Mr Clayton

Exceptional from start to finish.

Considerate, concerned manner

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Mrs Woffenden

Wosskow Brown Solicitors
2019-01-22T12:49:37+00:00

Mrs Woffenden

A considerate, concerned manner whilst I was under a lot of stress never made me feel rushed with anything.

Fantastic Service

Thanks for all your help with buying our house and being so quick with it all, I think the service from start to finish has been fantastic and would definitely recommend you.

Mr Whitaker

Wosskow Brown Solicitors
2018-12-19T16:33:51+00:00

Mr Whitaker

The service from start to finish has been fantastic.

Definitely Recommend

Friendly expertise, made us feel very comfortable through the whole transaction. Would Definitely recommend.

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Wosskow Brown Solicitors
2019-05-16T12:25:02+01:00

Mr & Mrs Hawley

Friendly expertise, made us feel very comfortable through the whole transaction. Would Definitely recommend. 

Highly Satisfied

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Wosskow Brown Solicitors
2019-11-26T10:41:33+00:00

Ms Monney

Impressed with the wonderful friendliness and professionalism. I was highly satisfied.  

Prompt and Professional

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Mrs Kang

Wosskow Brown Solicitors
2019-05-16T12:20:07+01:00

Mrs Kang

The speed of service was very prompt and professional 

Helpful and Professional

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Mr Keyworth

Wosskow Brown Solicitors
2018-11-12T14:07:26+00:00

Mr Keyworth

Everyone was helpful and professional.

Excellent Support and Advice

I'm so very grateful to Wosskow Brown, and Claire, for the excellent support and advice.

Ms Walsh

Wosskow Brown Solicitors
2019-11-11T10:47:23+00:00

Ms Walsh

I'm so very grateful to Wosskow Brown, and Claire, for the excellent support and advice.

Most satisfied, and will use again

All staff were very informative, and dealt with any problems quickly! I was most satisfied, and will use you again

Ms Spence

Wosskow Brown Solicitors
2019-06-25T12:01:21+01:00

Ms Spence

All staff were very informative, and dealt with any problems quickly! I was most satisfied, and will use you again

Quick, Polite and Professional

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Mr & Mrs Shah

Wosskow Brown Solicitors
2019-06-25T11:58:45+01:00

Mr & Mrs Shah

Particularly impressed with the quick responses received; as well as polite and professional staff

Could not have had nicer people dealing with my case

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Mrs Johnstone

Wosskow Brown Solicitors
2019-05-16T12:30:18+01:00

Mrs Johnstone

The whole team were very helpful, all questions were answered quickly which gave me peace of mind! I could not have had nicer people dealing with my case. 

Clear and Understanding

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Mrs Yoxall

Wosskow Brown Solicitors
2019-05-20T15:43:13+01:00

Mrs Yoxall

The file handler was very understanding and explained everything clearly!

Perfection

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Mr Banks

Wosskow Brown Solicitors
2019-07-04T11:42:13+01:00

Mr Banks

The service received couldn't have been any better, it was excellent. I was impressed with how smooth it all went and am completely satisfied, thank you very much!

Great Communication

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Miss Handley

Wosskow Brown Solicitors
2019-05-16T11:26:30+01:00

Miss Handley

Communication was great between myself and the office, I was always kept informed during the process

Very Professional

Perfect service and very professional. Each member of staff I dealt with was compassionate and understanding.

Mrs Hadfield

Wosskow Brown Solicitors
2019-10-10T10:26:05+01:00

Mrs Hadfield

Perfect service and very professional. Each member of staff I dealt with was compassionate and understanding.

Very Pleased, Would Recommend

I was highly satisfied with the work carried out. Every time I called there was someone there to help and advise me. I was very pleased and would recommend you.

Mr Barton

Wosskow Brown Solicitors
2019-05-16T10:41:20+01:00

Mr Barton

I was highly satisfied with the work carried out. Every time I called there was someone there to help and advise me. I was very pleased and would recommend you. 

Efficient

The service received was very efficient, thorough and professional

Ms Proud

Wosskow Brown Solicitors
2020-02-25T09:53:15+00:00

Ms Proud

The service received was very efficient, thorough and professional

Very Helpful

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Wosskow Brown Solicitors
2019-11-21T11:13:24+00:00

Mr & Mrs Sagar

We were kept up to date at all times. Very helpful and professional, we would recommend to anyone.

Impressed by the Professioanlism


Mrs Pidd

Wosskow Brown Solicitors
2019-05-23T10:21:57+01:00

Mrs Pidd

Pleasant and Patient Staff


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Wosskow Brown Solicitors
2019-07-01T13:16:53+01:00

Mrs Howarth

Absolutely Amazing

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Wosskow Brown Solicitors
2018-12-21T11:17:04+00:00

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Absolutely amazing, don’t change anything!

Made things easy

We will always praise you as you made things so easy for us, thank you.

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Wosskow Brown Solicitors
2019-11-26T10:38:53+00:00

Mr Koc

We will always praise you as you made things so easy for us, thank you.

Committed Staff

Impressed with the commitment of the file handler to get the work done

Mr & Mrs Denton

Wosskow Brown Solicitors
2019-05-16T11:19:30+01:00

Mr & Mrs Denton

Impressed with the commitment of the file handler to get the work done

Thank you

We would recommend without hesitation. Thank you for all your support and hard work over he last 3 months! You made my house sale straight forward!

Ms Rippon

Wosskow Brown Solicitors
2020-01-13T16:12:22+00:00

Ms Rippon

We would recommend without hesitation. Thank you for all your support and hard work over he last 3 months! You made my house sale straight forward!

Very Good Service

Very good service

Mr Akram

Wosskow Brown Solicitors
2019-05-16T10:26:31+01:00

Mr Akram

Very good service

Kept Informed

Always kept me informed, very professional

Ms Pinder

Wosskow Brown Solicitors
2019-08-22T10:46:14+01:00

Ms Pinder

Always kept me informed, very professional

Extremely Helpful

Extremely helpful information provided at each step of the purchasing process
Wosskow Brown Solicitors
2020-03-02T10:07:40+00:00
Extremely helpful information provided at each step of the purchasing process

Always There

Someone always there at the other end of the phone

 

Mr & Mrs Fenwick

Wosskow Brown Solicitors
2019-11-26T10:43:02+00:00

Mr & Mrs Fenwick

Someone always there at the other end of the phone  

High Level of Service

We didn't expect such a high level of service, well done!

Mrs Holloway

Wosskow Brown Solicitors
2019-05-28T12:02:29+01:00

Mrs Holloway

We didn't expect such a high level of service, well done!

Impressive Customer Service

Impressed with overall service and customer service, very assertive

Mrs Rhodes

Wosskow Brown Solicitors
2019-05-16T10:46:49+01:00

Mrs Rhodes

Impressed with overall service and customer service, very assertive 

Excellent Service from Beginning to End

Excellent service from beginning to end; the friendly welcome, pleasant atmosphere whilst being dealt with. It is without hesitation that  we would recommend Wosskow Brown Solicitors.

Mr & Mrs Sampson

Wosskow Brown Solicitors
2019-05-16T12:01:12+01:00

Mr & Mrs Sampson

Excellent service from beginning to end; the friendly welcome, pleasant atmosphere whilst being dealt with. It is without hesitation that  we would recommend Wosskow Brown Solicitors. 

Would Recommend

Excellent service would recommend and use you again! The help we received to sort out our issue was excellent.

Mrs Thompson

Wosskow Brown Solicitors
2019-09-27T10:12:05+01:00

Mrs Thompson

Excellent service would recommend and use you again! The help we received to sort out our issue was excellent.

Very Friendly and Efficient Staff


Mr Wilson

Wosskow Brown Solicitors
2019-07-01T13:17:59+01:00

Mr Wilson

Great Service


Mr Shaw

Wosskow Brown Solicitors
2019-06-25T12:06:31+01:00

Mr Shaw

Dedicated, Committed & Professional

Impressed with the dedication, commitment and professionalism;  I will be using you again in the near future

Mr Hazel

Wosskow Brown Solicitors
2019-05-28T11:56:37+01:00

Mr Hazel

Impressed with the dedication, commitment and professionalism;  I will be using you again in the near future

My first port of call for all legal work


Mrs Richardson

Wosskow Brown Solicitors
2019-07-04T11:45:24+01:00

Mrs Richardson

Above and Beyond

Service was above and beyond expected; impressed with the sheer determination to help us in every way!

Mr Martin

Wosskow Brown Solicitors
2019-05-29T12:14:25+01:00

Mr Martin

Service was above and beyond expected; impressed with the sheer determination to help us in every way!

Very Helpful & Communicative

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Mr Fox

Wosskow Brown Solicitors
2019-05-24T11:59:04+01:00

Mr Fox

Impressed with very helpful, communicative and professional manner - Top work!

Recommended

I have already recommended to a few people!

Miss Parker

Wosskow Brown Solicitors
2020-01-15T13:52:18+00:00

Miss Parker

I have already recommended to a few people!
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Wosskow Brown Solicitors

Meet the team

Ian Osborn - Commercial Property Solicitor - Sheffield
Ian Osborn
Partner & Head of Commercial Property
Anees Rehman - Hillsborough Office Manager & Residential Conveyancer
Anees Rehman
Assistant Head of Dept
StJohn Wright - Commercial Property Solcitor - Woodseats - Sheffield
StJohn Wright
Solicitor