FAQs

When you buy a share in a property through an approved Shared Ownership scheme you may have to pay Stamp Duty Land Tax. You can find more information of Stamp Duty for Shared Ownership properties on the HM Revenue and Customs website at https://www.gov.uk/guidance/sdlt-shared-ownership-property

No there is no age restriction on eligibility.  However, if you require a mortgage you will need to be over 18 years old and mortgage lenders will assess your age in respect of the amount of mortgage years you have available to…

Shared Owners do not have a Statutory right to extend their lease.  However, Hyde will grant its Shared Owners a Voluntary lease extension.  To be eligible the following must apply: There must be an initial lease term of over 21 years on…

Housing Associations may offer leases of varying lengths, therefore, it is always best to enquire of your sales consultant what the terms of the lease are.

Yes, that is fine.

No, you may not rent the property out.

No, you may not sublet unless you are given permission by the Housing Association in question for special circumstances. Shared ownership is a product that benefits from government funds to make homes affordable for those unable to buy on the open market,…

Yes, you can take in a paying guest or lodger, as long as you are still living in the property and do not sign a tenancy agreement. It would make good financial sense, however, to verify through an Independent Financial Advisor IFA…

There is no bedroom size restriction and you can apply for any size of property.

The minimum share of the equity you can purchase is determined by the Housing Association and you will be required to pay a subsidized monthly rent on the unsold share of the equity to the Housing Association. However, you may choose to…