Shared Ownership Solicitors
It’s common to purchase a Shared Ownership home with the support of a solicitor - a process that is similar to the traditional methods of purchasing a property.
The only difference is how you work alongside mortgage advisors, lenders and solicitors.
Below is a breakdown of what to consider if you’re looking for a Shared Ownership solicitor as well as several recommendations from Platform.
What to consider with a Shared Ownership solicitor?
Finding a solicitor to help you buy a shared ownership home is an important decision. They will be acting on your behalf throughout the purchase, keeping you informed of progress and advising on any concerns.
It is usually best to find a solicitor who is experienced in dealing with shared ownership purchases and leases. Here are some of the other things you need to consider:
Get a quote
Contact a couple of solicitors to obtain quotes before instructing. Ask them to advise you in writing if they expect any additional costs to arise. Many solicitors will ask you to pay the fees to cover the various local authority and other searches in advance, often around £250 upfront.
Check your lender's panel
If you know which lender you will be using for your mortgage, make sure the solicitor is on their panel of approved solicitors and so can act for your lender too. If your solicitor is not, and the lender has to instruct a different solicitor to act on their behalf, you will be charged additional fees.
Tell them who is involved
If you are receiving any money from a parent or another person to help pay for the house, then tell your solicitor and mortgage advisor as soon as possible. They will need to inform the lender and ensure that they are happy to proceed. This will prevent any delays later in the process.
Take your documents
A solicitor will usually need to see identification documents, such as your passport or driving licence and a bank statement or utility bill, before getting started so make sure you have these documents available.
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Dee and Griffin
Dee & Griffin are Gloucester-based solicitors that specialise in a wide range of legal matters.
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MFG Solicitors
MFG Solicitors is a leading regional law firm providing a balanced portfolio of commercial, agricultural and private client services
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SHB Solicitors
Salusbury Harding & Barlow have been advising and assisting individuals, families and businesses with their legal matters for over 150 years.
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Davison Law
Davison Law operate across 14 offices in Central Birmingham and surrounding areas providing legal support to clients.
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Wilkin Chapman
Wilkin Chapman is the largest law firm in Lincolnshire & East Yorkshire with an unrivalled breadth and depth of expertise and experience.
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Wartnaby Hefford
Wartnaby Hefford was formed by the amalgamation of Wartnabys and Heffords, two long established firms of experienced solicitors in Market Harborough
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Franklins
Franklins Solicitors set their own standards above and beyond what is expected in the legal profession.
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Owen Paulo Legal Ltd
Our team at Owen Paulo Legal Ltd has over 20 years experience within the shared ownership market and we work for housing associations in their staircasing & lease extensions transactions
