You asked: Can my partner move into my shared ownership property?

Can you add someone to a shared ownership?

To add someone’s name onto the shared ownership lease you need to instruct a solicitor. … They will need to register with a Help to Buy Agent for shared ownership, and an eligibility and identity check will be carried out.

Can you have a lodger in a shared ownership property?

Shared Ownership leases do not allow you to sublet your home. … If you intend to take a lodger, you should check with the housing association you are purchasing the property from, but most Shared Ownership leases allow this.

Can you be kicked out of shared ownership?

Shared ownership properties are always leasehold, meaning you only own a property for a fixed period of time. Because you own a share of the property, the housing association cannot evict you. …

Can you own 100 of Shared Ownership?

How can I buy 100% of Shared Ownership property? You can gain full ownership of your Shared Ownership property through a process called ‘staircasing’. Once you’ve bought your initial stake in your home you can staircase to 100% Ownership in batches of 10% or larger.

Is it hard to sell Shared Ownership?

And according to Ms Nettleton, selling a shared ownership property isn’t as hard as people have been led to believe. … “Normally, there is a nomination period where the home is offered to other shared ownership buyers first, but, if one can’t be found it can then be sold on the open market.”

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Can I rent a room in my shared ownership house?

Shared Ownership is an affordable housing product designed to help first time buyers who can’t afford a property on the open market, get a foot onto the property ladder. With this in mind, subletting is not allowed under the terms of a Shared Ownership lease, unless there are exceptional circumstances.

Is a lodger the same as subletting?

The main difference between a subtenant and a lodger is that a subtenant has exclusive use of their room. … A lodger’s landlord can enter the lodger’s room without permission and often does so to provide services such as cleaning.

Is partner a lodger?

Your partner is not a lodger. Anything she pays towards household expenses is exactly that – a payment towards shared household expenses, not rent.

What’s bad about shared ownership?

What are the downsides to shared ownership? Hopefully the monthly mortgage repayments, plus rent will still make shared ownership far cheaper than buying a property outright. … Be aware that even though you own a share of the property, say 30%, you are responsible for paying the full maintenance and repair costs.