Shared Ownership Conveyancing Solicitors
Expert Legal Advice for Shared Ownership Property Transactions

Shared Ownership Lawyers

At McKenna & Co Solicitors, we understand the complexities involved in shared ownership transactions.

Whether you’re buying your first property, navigating a co-ownership dispute, or need guidance on the shared ownership conveyancing process, our dedicated legal team is here to assist.

With extensive experience and a client-focused approach, we ensure your interests are fully protected every step of the way.

What Is Shared Ownership?

Shared ownership is an affordable way to step onto the property ladder, enabling buyers to purchase a share of a property while paying rent on the remaining portion.

This arrangement is often facilitated by housing associations or similar organisations. With its unique structure, shared ownership offers a flexible approach to property ownership but also comes with specific legal considerations that require expert attention.

Our Shared Ownership Conveyancing Services

  • Shared Ownership Conveyancing: Comprehensive support through every stage of the process, from initial agreements to completion.
  • Co-Ownership Agreements: Drafting and reviewing legal agreements to ensure all parties’ interests are protected.
  • Dispute Resolution: Expert advice and representation in co-ownership disputes, including mediation and litigation.
  • Stamp Duty Guidance: Detailed advice on Stamp Duty Land Tax implications for shared ownership properties.
  • Inheritance and Estate Planning: Tailored legal strategies for protecting your shared ownership interests.

The Shared Ownership Conveyancing Process

  • Initial Consultation: Discuss your requirements and assess the property’s shared ownership scheme.
  • Agreement Review: Examine the legal documentation to ensure your interests are protected.
  • Mortgage Coordination: Liaise with lenders to secure appropriate financing.
  • Exchange of Contracts: Finalise agreements with all parties involved.
  • Completion: Ensure all legal requirements are met, and ownership is transferred smoothly.

Why Choose McKenna & Co. Solicitors?

Meet The Team

Alexandra Ryan

Alexandra Ryan

LLB (Hons)
Rachael McCormack

Rachael McCormack

BCL
Bethany Youngson

Bethany Youngson

B.B.S (Hons)
Rhiannon Flora

Rhiannon Flora

Erika Youngson

Erika Youngson

BA
Kay Keelan

Kay Keelan

Marion Murnane

Marion Murnane

BA(Hons)
Luke Markey

Luke Markey

FAQ's About Shared Ownership Solicitors

What is shared ownership?

Shared ownership is an affordable way to purchase a property where you buy a share of the home (usually between 25% to 75%) and pay rent on the remaining portion. This option is often provided by housing associations, allowing individuals to enter the property market with a smaller initial investment.

Do I need to pay Stamp Duty for shared ownership properties?

Yes, Stamp Duty Land Tax applies to shared ownership properties. However, the amount you pay depends on the share you purchase. We offer detailed guidance on how this tax applies to your transaction.

Can McKenna & Co help with co-ownership disputes?

Absolutely. Our team has significant experience in resolving co-ownership disputes, whether through mediation or litigation, ensuring that your interests are protected during any disagreements.

Is shared ownership suitable for first-time buyers?

Yes, shared ownership is an excellent option for first-time buyers who may not have enough savings for a full mortgage. It provides a flexible and more affordable way to get onto the property ladder.

How can I get started with McKenna & Co Solicitors?

To begin, simply contact us for an initial consultation. We’ll assess your situation, answer your questions, and guide you through the next steps. Our team is here to ensure a smooth and secure transaction every step of the way.