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England & Wales · SRA / CLC firms

Shared ownership conveyancing

Conveyancing on a part-buy, part-rent lease granted by a registered provider. The lease terms, the mortgagee protection provisions and the staircasing machinery are all matters lenders check before releasing funds.

At a glance
Jurisdiction
England & Wales
Lenders covered
2
Handbook
UK Finance · Part 1 & 2

Part 2 of the UK Finance Mortgage Lenders' Handbook is amended by lenders without notice. Check the current version before relying on any requirement described here.

What has to be in place

  1. Mortgagee protection

    Lenders require the lease to contain mortgagee protection provisions. Their absence is the single most common reason a shared ownership lease is rejected.

  2. Staircasing

    How additional shares are bought, how they are valued, and whether the lease permits staircasing to 100% all affect the lender’s security and are reported on.

  3. Rent on the retained share

    The rent payable on the share still owned by the provider, and how it is reviewed, are part of the affordability the lender has assessed.

  4. Provider consents

    The registered provider’s consents and any pre-emption or nomination rights in the lease affect what can be done with the property later.

Shared ownership conveyancing for 2 lenders

Each page below covers the same subject for one lender, and says which Part 2 question holds that lender’s own answer.

Acting on lender instructions

LenderPanel maintains the directory borrowers search when choosing a conveyancer. Panel membership decides whether a firm can act at all.

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All lenders and the topics covered for each →

This page is written for conveyancers and is general information rather than advice on any individual matter. Lender Monitor has no affiliation with the lenders it names, holds no endorsement from them, and is not owned by any of them; their names are reproduced only so that readers can tell which lender's requirements are under discussion.