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Shared Ownership homes provided within London fall under the remit of the Greater London Authority who provide their own guidance for the provision of affordable housing within London. Note that this guidance only applies to Shared Ownership homes provided in England, but outside of London. Please ensure that the appropriate lease(s) is used for the programme under which the Shared Ownership homes are being delivered.

This chapter also includes Homes England’s standard model leases that are recommended for use and which include the fundamental clauses which are a requirement. The new model also applies to new Shared Ownership homes funded from 1 April 2021 using receipts from the Voluntary Right to Buy programme. Note that the new Shared Ownership model applies to all Shared Ownership homes delivered through Homes England’s AHP 2021 to 2026, including Home Ownership for people with long-term disabilities ( HOLD), Older Persons Shared Ownership ( OPSO), homes in rural protected areas and homes purchased through the Right to Shared Ownership.

the option for the shared owner to end the nomination period at the four week point if they wish to pursue a sale on the open market rather than the previous eight week period.

the introduction of a 10-year period during which the costs of any maintenance or repairs will be met by the landlord rather than the shared owner.

the introduction of the option of staircasing in 1% increments for the first 15 years larger shares can still be purchased with the minimum reducing from 10% to 5%.the minimum initial share that can be purchased reducing from 25% to 10%.The major changes proposed to the Shared Ownership model from 1 April 2021 relate to the following: The Government has published its New model for Shared Ownership technical consultation response to the changes to the Shared Ownership model from 1st April 2021.