Everything you need to know about Shared ownership from Home Reach
What's included in a Home Reach lease?
Home Reach uses a government standard shared ownership lease.
A description of the property including its boundaries and a guide to which parts are your responsibility – if a leasehold property, it will also contain any restrictions or obligations flowing from the superior leasehold title, such as the payment of ground rent.
The start date, share and length of the lease that you have brought.
Rent & Costs
The amount of rent that you must pay, together with other amounts due under the lease.
The rent increase, linked to Retail Price Index plus 0.5% each year.
Your responsibilities as a leaseholder, such as all repairs and maintenance of the property and those of heylo as landlord under the lease, such as building insurance arrangements.
The method by which you can purchase additional shares to own more of your home in the future.
The method by which you can move home, either by selling your share or selling the whole property.
Repairs & Maintenance
If you have any queries regarding repairs or maintenance not covered by your new build warranty you should contact our Property Management Team who can provide guidance and assistance; contact details for the team will be included in your welcome letter