Selecting a Solicitor
Select a Solicitor for Shared Ownership
Everyone who buys a home needs a solicitor to do the necessary legal work. You can find more details in our complete guide to Shared Ownership. Your solicitor will:
- Make sure you have everything necessary to help you buy your home quickly.
- Check the lease and speak to your mortgage lender and our solicitors.
- Carry out what are known as “searches”, checking that we actually own the home we’re selling you and making sure there are no planned developments (such as new roads) that will effect your home.
- Check that all the paperwork and your mortgage are in place in time for you to move into your new home.
How much will a Solictor cost
You should make sure you get a quotation of the likely costs before you appoint a solicitor, and we recommend doing this early on in the process. Overall, it should cost you between £600 and £1,250 which will include their fee, the land registry fee, search fees and expenses excluding stamp duty (known as disbursements). A deposit is commonly taken at instruction with the remainder payable at completion.
View the full cost of purchasing a Shared Ownership property.
Remember that you pay for your solicitor’s time, so the more often you write to or phone your solicitor, the higher the charge is likely to be. To help you decide which solicitor to use, with your offer letter we send you a panel of solicitors who are experienced in Shared Ownership purchases. The solicitors on our panel offer fixed fees which will help you to budget. The panel of solicitors are not compulsory, although they do have a lot of experience of the Shared Ownership conveyance process, are on the majority of mortgage providers’ panels and more importantly come recommended by previous buyers.
100% of our buyers reported being satisfied or very satisfied with the service provided by the solicitors on our panel.
July 2013 – New build sales resident satisfaction survey
If you do not use a solicitor from our panel, you should make sure that your solicitor has experience of Shared Ownership schemes – otherwise they may be learning at your expense! We recommend you always obtain a quotation before instructing, and when calling for a quote, see how they answer your call and how quickly they respond to your enquiry – this is a good indication of the service you may receive.
View our list of Solicitors
This sheet contains a selection of solicitors who have a great deal of experience in Shared Ownership properties. This is by no means a full list of firms but may assist purchasers in locating a suitable firm to act for you. You are entitled to use a solicitor of your own choice, which may include a recommendation from friends or family. We recommend:
- You try to use a solicitor offering a fixed fee for their services
- You always obtain a quote of what the solicitor will charge
- You ideally use a solicitor with experience of Shared Ownership leases
|Direction Law Solicitors
Suite 1, 3rd Floor
1 Duchess Street
London W1W 6AN
T 020 7158 0031 / 01227 764 141
188–190 Hoe Street
London E17 4QH
T 020 8509 6800
|Norman H Barnett & Co
397 Barking Road
London E6 2JT
T 020 8471 2112
Elmfield Road, Bromley
Kent, BR1 1TF
T 020 8402 6222
New Homes Law