All shared ownership leases, on homes funded by the HCA, granted on or after 06 April 2010 must use the revised form found below. The lease has been revised to clarify and enhance the protection enjoyed by the lender and provide a clearer explanation to the consumer. An explanatory note can be found below along with key information sheets for shared owners which are also found within the leases themselves at appendix three.
Please note that these leases are not for use before 06 April 2010. Any leases issued in respect of grant funded shared ownership properties before that date must contain the fundamental clauses in the Model leases for housing association use from September 2009.
There is also a Key Worker Living lease 'proforma variation' for use when assigning KWL leases. This is also available to view below:
Please note that additional new leases for properties located in Protected Areas will be published in due course.
For further information regarding the use of the new leases, please see the Agency's FAQs. If these do not contain the required information, please call 0207 874 5957 for further details.
Last updated: 12 February 2010