Shared ownership and rent

If you have bought a 100% share and own your home outright, you will no longer pay Shared Ownership Rent.

If your home is a flat you may still have a nominal rent to pay. You will also have to continue to pay for any maintenance charge or for services carried out by your Housing Association to the communal parts of the block of flats. Your flat will remain Leasehold for the same Term as your original Shared Ownership lease.

If your home is a house you can ask your Housing Association to transfer the Freehold of your home to you. Once this happens you are free to arrange your own buildings insurance (subject to your lender being happy with this if you have a mortgage) and carry out your own repairs and improvements to your home. You may still have to pay a service charge or estate management charge if you live on an estate where there are communal areas or gardens and where everyone on the estate is responsible for communal costs.

Co-op Legal Services has a range of partners of specialist Conveyancing Solicitors and Conveyancers who are experts in shared ownership leases. They can guide you through the process and give you clear and simple explanations of what is involved.

Conveyancing partner

Co-op Legal Services works closely with our conveyancing partners, to ensure they provide you with a high quality, fast and competitively priced service. Once you agree, you will become their client and they will undertake your conveyancing work. Our Approved Partner will confirm the contact information, experience and qualifications of anyone carrying out the work for you and will give you their terms of business.

We monitor the service our conveyancing partners provide to ensure it provides you with the service you would expect to receive. Our partners are fully regulated and authorised by the Council for Licensed Conveyancers and/or the Solicitors Regulation Authority. For introducing you, our conveyancing partners will pay Co-op Legal Services a referral fee. The amount of the referral fee may vary depending on the conveyancing partner. This is not added to your charges and you will not have to pay anything extra. It is paid directly by them to cover our marketing and administration costs.

About Co-op Legal Services

Co-op Legal Services has over 600 staff working in different businesses with offices in Manchester, Bristol, Stratford-upon-Avon, Sheffield and London.

As part of the Co-op Group, our values of openness, honesty, social responsibility and caring for others are core to the service we provide.