Shared Ownership

BYould

I am about to buy 25% of my home through a housing association and wondered whether I would be able to let out the house when I go abroad in about a years time. At the moment I can't due to a clause in my tenancy agreement but I assume this would change once I own 25% of the property.

Just wondered whether anyone knew for sure?

Thanks in advance

choccybikkie_2

Hi we have a shared ownership (50%) and our housing asc do not allow any shared ownership houses to be let out (even a lodger isn't allowed). Although this may not apply to all housing associations

wecanhelpu

Wow, this is new one on me.

I don't know the answer but may I suggest we call it buyrent-to-let?

BYould

Which housing association are you with please?

thesaint

BYould wrote: »

I am about to buy 25% of my home through a housing association and wondered whether I would be able to let out the house when I go abroad in about a years time. At the moment I can't due to a clause in my tenancy agreement but I assume this would change once I own 25% of the property.

Just wondered whether anyone knew for sure?

Thanks in advance

Yes, the housing association knows for sure.

BYould

Well thanks again to The Saint for another completely useless reply if you don't want to help then don't post.

choccybikkie_2

We are with Midsummer Housing Association.
Dont know whether thats any help?

thesaint

BYould wrote: »

Well thanks again to The Saint for another completely useless reply if you don't want to help then don't post.

As Michael Winner says "Calm down dear".

We can all speculate, but a quick call to the housing association in question would reveal all.

Sometimes people just need help to find the answer for themselves. Have you heard about "Teaching a man to fish..."?


You don't like my replies so feel free to put me on "Ignore" I would consider it an honour and a priviledge.

This way your sensitive nature won't be hurt by my replies.:beer:

wecanhelpu

thesaint wrote: »

Sometimes people just need help to find the answer for themselves. Have you heard about "Teaching a man to fish..."?


:

How about this as a variation:

"teach a man to light a fire and he will be warm all night.

Set fire to him and he will be warm for the rest of his life"

indiegirl_2

Back to the OP and topic...

It's highly unlikely that any Housing Association will allow you to let your property - that goes against the very nature of S/O!

However, given the experience of the eejit living below me, what the Housing Association don't know (and don't care about), won't hurt them.... downstairs has someone different living there every other week......

thesaint

Indiegirl,

Some Housing Associations do, some don't.

A quick call would be all that's needed.

Back off topic...

Sarah Beeny's on the T.V.