Question:

Do I get help with repairs as a shared ownership customer?

Answer


In shared ownership properties, there are some repairs which are the responsibility of the customer.

As a shared owner, you sign a lease that requires you to be fully responsible for all the costs of your property, regardless of the percentage of the property that you originally bought.

The rent you pay as a shared owner covers the financial costs of the supporting loan that relates to the percentage of the property you have not purchased yet.