Exchange and completion: Essential guide for home buyers and sellers
Buying or selling a house can be an exciting process but we understand there is a great deal of terminology
Shared ownership can help you get a foot on the property ladder. We can help you find your way through the process.
Shared ownership schemes let you buy a share of your home (normally between 25% and 75%) and rent the remaining share from a Housing Association. In many cases, you also have the option to purchase further shares during your time in the property via a process known as ‘staircasing’, and in most cases can staircase all the way to 100% ownership.Â
Typically, you’ll pay a mortgage on the percentage you own and rent on the percentage owned by the Housing Association.
Shared ownership schemes can help first time buyers get on the property ladder if you can’t afford or can’t borrow enough to buy on the open market. Generally, shared ownership schemes require a smaller deposit, reduce monthly costs, offer the potential to grow your equity and may be personalised to your circumstances. Â
However, they can be a bit more complicated than outright purchases. There are more rules than with a traditional mortgage arrangement, so it’s vital that you speak to a share to buy mortgage broker to help understand how much you can afford to borrow.
Friendly and supportive staff who always responded promptly to any enquiry. Would fully recommend.
Shared ownership could be the best way for you to get a home of your own, but there’s a lot to think about. Â
Our property conveyancing team are experienced in all the legal aspects of purchasing, selling or staircasing a shared ownership home and are members of the Law Society Conveyancing quality scheme.Â
In addition to our legal expertise, Tees has the financial insight to guide your purchase. Our team of financial advisors can help you find the right mortgage lender for your situation.
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You’ll find our property conveyancing team helpful and easy to talk to. If you’d like to meet one of our experts for a confidential, no obligation chat, please get in touch.
We have offices across Cambridgeshire, Essex and Hertfordshire, but we can help you wherever you are in England and Wales
The financial services provided on this page are by Tees Financial Limited, authorised and regulated by the Financial Conduct Authority. Registered number 211314.
Our legal services are regulated by the Solicitors Regulation Authority.
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If you’d like to meet one of our experts for a confidential, no obligation chat, please get in touch.
Financial services:
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Legal services:
Legal notices | Privacy notice
All legal services provided by Tees are regulated by the Solicitors Regulation Authority. Tees is a trading name of Stanley Tee LLP is authorised and regulated by the Solicitors Regulation Authority (SRA Number 464615) and is registered in England and Wales number OC327874.
All financial services provided by Tees are regulated by the Financial Conduct Authority. Tees and Tees Wealth are trading names of Tees Financial Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales number 4342506. Registered office address Tees House, 95 London Road, Bishop’s Stortford CM23 3GW.
Copyright © 2025 Tees Law. All rights reserved.
Financial services:
Legal notices | Privacy notice
Legal services:
Legal notices | Privacy notice
All legal services provided by Tees are regulated by the Solicitors Regulation Authority. Tees is a trading name of Stanley Tee LLP is authorised and regulated by the Solicitors Regulation Authority (SRA Number 464615) and is registered in England and Wales number OC327874.
All financial services provided by Tees are regulated by the Financial Conduct Authority. Tees and Tees Wealth are trading names of Tees Financial Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales number 4342506. Registered office address Tees House, 95 London Road, Bishop’s Stortford CM23 3GW.
Copyright © 2025 Tees Law. All rights reserved.
