If you’re a homeowner with us, you may find the following tips and advice useful.
Staircasing, selling and subletting
If you’re a homeowner through shared ownership, you own a portion of your home (usually through a mortgage), and we own the other portion which you pay rent on. You can buy more shares (a bigger portion) of your home through a process called ‘staircasing’. This goes right up to the point of owning 100% of your home, whether that’s outright, or through a mortgage.
Check out our ‘Shared ownership: selling, staircasing, and subletting’ page below. Here you can find how you can buy more shares of your home through shared ownership.
There’s also information about selling your shared ownership home or rules regarding subletting.
Maintaining your new home
Keeping your property well maintained helps to make sure your home remains safe and comfortable for years to come.
Check out our ‘Maintenance of your new home’ page for tips and advice on ways you can take care of your property.
Home improvements
Planning on making any changes to your home? Check out the 'Home improvements' section to see what you need to make us aware of before starting any work.
Below are the administration fees for specific services or transactions. These are not included in the annual service charge management fee.
| Resales enquiry pack – LEP1 Form (Flats/ maisonettes) | £250 |
| Resales enquiry pack – LEP1 Form (Separate mgt companies/ Shared ownership) | £100 |
| Resales enquiry pack – LEP1 Form (Freehold property with service charge) | £50 |
| Hard copy of Landlord pack | £55 |
| Notice of transfer | £60 |
| Notice of charge | £60 |
| Deed of covenant | £60 |
| Certificate of compliance | £80 |
| Deed of postponement | £100 |
| Consent to sublet (100% owners) | £150 |
| Consent to sublet (Shared owners) | £150 |
| Assignment administration (Shared owners)* | £250 |
| Staircasing administration (Shared owners)* | £100 |
| Shared Equity Loan repayment administration | £100 |
| Approval of Remortgage (Shared ownership/ RTB/ RTA) | £100 |
| Copy lease or title registry (Electronically from Land Registry) | Digital copy: £45 | Posted copy: £60 |
| Copy Lease (If held on file) | Digital copy: £30 | Posted copy: £45 |
| Summary of insurance policy (Duplicate copy) | Digital copy: £20 | Posted copy: £35 |
| Lease extension administration* | £220 |
| Home improvement/ alterations - Permission request (Basic) | £50 |
| Home improvement/ alterations - Permission request (Complex/Surveyor Inspection required) | £150 |
| Retrospective consent for basic improvements/alterations | £150 |
| Retrospective consent for complex improvements/alterations (Surveyor required) | £250 |
| Consent for pets | £45 |
| Execution of Deed of variation/rectification | £100 |
| Drafting of Deed of variation/ rectification by our panel solicitor | Quote on request |
| Additional copies of invoice accounts | £1 per invoice |
| Additional copies of correspondence | Digital copy: £20 | Posted copy: £35 |
| Landlords reference | £50 |
| Surrender and regrant of lease administration (LSE)* | £750+VAT |
The Commonhold and Leaseholder Reform Act 2002 gave leaseholders the right to manage the block of flats they live in.
The responsibility and decision making will be transferred from the landlord to a Right to Manage (RTM) company, which can be set up by leaseholders.
To qualify for the Right to Manage there must be:
- More than two flats in the building. It is not applicable to houses.
- At least two-thirds of flats are held on a long lease (over 21 years)
- At least half of the flats, held by those on long leases, want to take part in the Right to Manage application.
- There is not more than 25% of the total floor area taken up by non-residential areas (such as shops/commercial units).
How does it work?
Using the prescribed procedure, leaseholders must set up a Right to Manage company.
When the correct procedure has been followed, the RTM company will take over the legal responsibilities from the freeholder. This includes management of the building, arranging buildings insurance, collection of service charges etc, as well as all responsibilities laid down by the Building Safety Act.
Once the company is set up, you can choose to appoint a managing agent to manage the building on your behalf or do it yourselves.
How can we support you?
We will work with you and provide the necessary information as prescribed by law to assist you in the formation of the RTM company.
However, we would strongly recommend that you take independent legal advice as creating an RTM company and taking over the management of a building is a big decision with significant legal responsibility.
For further information please refer to The Leasehold Advisory Service who provides free independent advice to leaseholders. www.lease-advice.org
Shared ownership: selling, staircasing, and subletting
Maintenance of your new home
