Sublettings

Because shared ownership homes are subsidised by the government, there is a clear requirement that people who buy cannot do so without help.

Shared owners are expected to live in their homes and subletting is not usually permitted.

However, we are willing to consider lettings in exceptional circumstances.

Examples of this may be illness, family problems and job relocation for a fixed period. Each case is looked at on its individual merits and is at the sole discretion of the Leasehold Services Manager or the Head of Leasehold services. You will need our written permission.

If we consider your request we will need the following information:

• The letting must be on a formal Assured Shorthold Tenancy agreement. We will need to see a copy of this agreement.
• You must provide us, in writing, with your reasons why you wish to let the property.
• If you are being relocated in your job we will require written confirmation from your employer, this must include the length of time you will be relocated.
• The maximum term that we will consider is one year. After a year you must return to the property, staircase to 100% or sell the property and repay us.
• You must provide us with contact details in case we need to discuss your tenant with you.
• You will be responsible for your tenant during the course of the letting.
• You must ensure that rent and service charges are paid on time (if applicable).

If you are an equity loans customer, there are administration charges (91 KB) for dealing with your application. We make a charge to cover the cost of providing a service to you. Our shared ownership customers pay a fee included in their monthly service charges to cover the cost of us providing this service.

If you require any further information on letting your property please contact L&Q Direct.