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.

Joining households with another person may be a good time to consider purchasing more shares in your home, known as staircasing. As a shared owner you can increase your ownership, reducing your rental payments as you go. If you would like to learn more about how staircasing can benefit you visit our dedicated Staircasing page at www.latimerhomes.com/my-home/staircasing.

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