Transfer of ownership FAQs

From receipt of your application, which must include all the required information/documents, we'll process your request within 10 working days.

We can’t begin to process your request until all documents have been received.

We have no objections if you wish to borrow extra money on your mortgage to ‘buy out’ your ex-partner’s share.

You'll find further information about remortgaging your shared ownership home here.

In this situation you must seek legal advice. We require both parties to consent to the transfer unless a court of law orders us otherwise.

Yes, you're liable for instructing a solicitor and covering all legal costs associated with this process.

Yes, consent is also required from your mortgage lender.

Yes, but we'll need to confirm that the new owner is also eligible for the shared ownership scheme. You'll be required to confirm their eligibility during the permission process.

The joint household income needs to be below £80,000 (£90,000 in London). They must not own another property.

You'll be liable for all costs associated with your transfer. This includes payment of our administration fee.