Advice for shared owners
Shared ownership enables you to buy a share of the value of a property and pay rent for the rest. You may, when you can afford it, buy the whole of the value of your home, and become a full owner-occupier. If you decide to sell your share of the property, any increase or decrease in its value will be passed on to you in proportion to the share you hold.
You will find a lot of information and advice about Low Cost Home Ownership on the on the following websites
- www.search4myplace.co.uk for people wishing to live in Dorset, Salisbury and South Somerset or phone 0800 707 6 707
- www.homesinhants.co.uk for people wishing to live in Hampshire area or phone 02380 628004
Twynham has over 170 shared ownership properties. If you are a shared owner and are looking to sell your share, you must either give us first refusal to buy your share or give us 6-8 weeks to nominate someone to buy your share. These options depend on when you first bought your share.
If you are a shared ownership leaseholder with Sovereign Housing Association and have any queries about your property, please contact the senior leasehold services officer on 01635 572119. Or you can find more information on the Sovereign Housing Association website.
When a shared ownership property is sold on, we call these resale properties. We will always give priority to Twynham residents because in this way we can free up one of our homes to rent for people on the local housing register. However, if we cannot find a buyer from the local housing register we will consider other applicants.
More information
- Staircasing – buying more shares in your home
- Selling your share of your property
- What is a lease?
- Buildings insurance
- Understanding your lease
If you would like information or advice on how to pay your rent or service charges click here
For more information, please contact Dee Gardner, Resident Services Administrator, on 01202 460346.