Shared Direction Conveyancing stands out as the only law firm in the UK exclusively dedicated to representing purchasers of new build shared ownership properties.

Background

Previously part of Direction Law, our roots trace back to the late 1980s, where we handled some of the earliest shared ownership purchases. Over the years, Direction Law grew into one of the largest specialist affordable housing solicitors in the country. Now, as a stand-alone niche firm, we maintain large specialist teams across three offices in the South East, South West, and the Midlands.

Extensive Reach

In the 2022/23 financial year, we successfully assisted over 3,800 new build shared ownership buyers nationwide. Our firm collaborates closely with numerous dedicated housing associations, selling agents, and has engaged with over 180 different housing providers in the past year. Additionally, we have established strong relationships with specialist mortgage brokers.

Shared Ownership Conveyancing Challenges

Complex Landscape

While many towns offer solicitors providing conveyancing services, few possess experience in affordable housing schemes like shared ownership. Shared ownership conveyancing, being more complex than “ordinary” conveyancing, poses several challenges:

• Shared ownership leases include unique provisions absent in other leases.
• Mortgage approval requires scrutiny from the housing association, with lenders having more detailed requirements.
• The legal paperwork for new build properties is extensive.

Specialised Expertise Matters

Buyers often face the risk of incurring double legal fees when their solicitor lacks expertise in shared ownership cases. Some mortgage lenders only trust a limited number of conveyancing firms on their panel, leading to potential additional costs for the buyer.

Choosing the Right Solicitor

Importance of Specialisation

Not all high street solicitors are familiar with shared ownership matters, leading to higher fees and longer processing times. Using a firm specialising in shared ownership, especially one on a recommended “panel,” ensures efficient and cost-effective handling of the conveyancing process.

Trusting Recommendations

Buyers might be wary of using a recommended solicitor, fearing a lack of independence. However, it’s crucial to understand that the solicitor is duty-bound to act in the buyer’s best interests.

Advantages of Shared Direction Conveyancing

For those purchasing a new build shared ownership property, Shared Direction Conveyancing emerges as the ideal law firm. Our specialisation guarantees a smoother journey into homeownership, offering experience, expertise, and efficiency.

For more information, visit sdc-legal.co.uk or call 0808 273 0273 for an instant quotation.

For more insights, tips, and expert advice on New Build Shared Ownership Conveyancing, read the full magazine at First Time Buyer Magazine.