Shared ownership subletting

hazyjo

What would you do with your post during that time?


If you do have a friend in there, do you have to charge them rent? Will your job be providing/paying for accommodation or will you have to find it yourself and pay for it?


Could always consider Airbnb - although that probably is risky and I'm not sure where your insurance or mortgage would stand on that!

hammy1988

Shared ownership houses are clearly marked on site plans before one moves in. Whats to stop the new tenants talking to the neighbours and saying that they are renting off of you? All it takes is for said neighbours to make one phone call to the housing owner of your property and that's it, caught red handed.

It kind of annoys me that people would love shared ownership houses and they are designed to help those that can't afford to buy outright, and then people try to milk the system and sublet, often with the tenants getting housing benefit which in turn means our taxes are paying the mortgage!

Sorry, my opinion.

x_gemms_x

Blondetotty said:

I have a shared ownership property on the south coast which I sub let out to a relative.

I relocated from the south to the north where I currently rent but as I couldn't unload the ball and chain around my neck also known as my shared ownership flat I spoke to my HA who agreed I could sublet (subletting is not allowed in the terms of the lease I hold with them). They agreed in writing that they would allow this so I approached my mortgage company and changed my mortgage type (buy to let).


I'm paying slightly more in mortgage payments but my relative that moved in covers the mortgage and the rent so they get a below market value rented flat, I'm happy that the flat is being looked after as we're pretty close and both the HA and mortgage company are aware and okay with it. Obviously I had to sort things out like gas safety certs etc but didn't have to worry about deposits as I didn't take one. There are numerous other things that as a landlord, albeit a subletting one, you need to be aware of.


I have no doubt that most HA's wouldn't notice a flat that has been sublet without consent, I can't actually remember the last time that someone from ours visited the block but remember other residents will notice and you'll no doubt have someone that takes offence and will report it. If you're going to do it on the sly, which I don't recommend, you're setting yourself for potential problems. I'm sure if you approached the HA and mortgage company they'd be willing to listen to what you propose.

Hi Blonde, Jumping on the bandwagon quite late. Did you have to provide any proof to your HA as to why you needed to sublet?

like if you were relocating, did you have to provide proof of a new job up north or anything like that? My flats been on the market for a year and i am considering asking to sublet but would be moving home for a period of time to save, would be interested to know in general whether they require proof of your circumstance change etc?

thanks!

macman

This thread is over 2 years old, the OP is unlikely to be back any time soon...