News
06 July, 2023
The model leases for shared ownership homes funded through Home England's Affordable Homes Programme 2021 to 2026 were updated again on 07 June 2023.
The changes are as follows:
- Updates to page numbering, formatting and contents within the leases, to ensure consistency.
- Minor revisions to Particulars of Lease.
- Minor wording changes to the definition of "Valuer's Certificate" in some leases.
- Amendment of reference of "Mortgage Protection Claim" to "Mortgagee Protection Claim".
- Inclusion of an example clause 3.3.3 in the flat lease, to provide consistency with clause 3.4.5 of the house lease.
- Addition of paragraph 1.9 in the Staircasing Provisions in all leases. This requires the landlord to not unreasonably delay the acquisition of the additional share the leaseholder proposes to acquire.
- In the Initial Repair Period Schedule, an "either / or" option inserted in paragraph 5.5.3 as to when landlords can provide an update of the balance of the general repairs and maintenance allowance to the leaseholder. The updated balance can either be provided:
- In the 1% Staircasing Schedule:
The updated model leases can be found at paragraph 11.2.6 of the Capital Funding Guide: Capital Funding Guide - 1. Shared Ownership - Guidance - GOV.UK (www.gov.uk)
For more information contact Emily Jordan in our Housing & Regeneration department via email or phone on 0333 207 1130. Alternatively send any question through to Forbes Solicitors via our online Contact Form.
Learn more about our Housing & Regeneration department here
DfE Launches Consultation on Data Sharing Advice for Safeguarding…
Get in touch to see how our experts could help you.
Monday to Friday:
09:00 to 17:00
Saturday and Sunday:
Closed