Information for Homeowners
If you’re a Shared Owner, this section is home to useful information for you.
Inheritance
If you are a Shared Owner your lease will specify how you can do this, and to whom the property can be transferred.
The person inheriting the property will need to qualify for Shared Ownership and we will need to be notified and approve the new leaseholder. If the person inheriting the property does not qualify for Shared Ownership, the property will need to be sold, and they will benefit from the equity received.
We strongly recommend that you seek legal advice about this to avoid any complications in the future.
Can I leave my property to someone else?
If you are a 100% leaseholder or freeholder (you own the property outright) you can leave your home to someone else to inherit when you die through a will.
