Your property’s maintenance responsibilities will depend on the purchase date. For pre-2023 purchases, you will be responsible for the overall maintenance and repair of your home. If you purchased your property during or after 2023, it is likely, under the new Shared Ownership lease, that we will handle certain repairs. If you are unsure please speak to your dedicated Leasehold Officer for confirmation. The lease requires mortgage, rent and any service charges that may be in place. Failure may result in you loosing your home.
Before Shared Ownership, we advise that you speak to a solicitor for a thorough understanding of the responsibilities. We can signpost you to experienced solicitors who have a proven track record of Shared Ownership, or you may wish to choose your own.