Shared Ownership Transfer of Equity
During the course of your shared ownership lease you may wish to transfer or assign the ownership of the property to increase or reduce the number of registered owners.
To facilitate this, your solicitors must contact us by emailing info@platformhg.com or phoning our Customer Hub on 0333 200 7304 for confirmation on what is required under the terms of the lease and our administration fees. Please note that your rent account must be clear when the property is assigned or transferred.
If you wish to become the sole owner of the property and do not have a mortgage, you must be able to demonstrate to us that you are able to meet all the outgoings related to the property.
If you have a mortgage you will need to obtain consent from your mortgage lender to remove the outgoing shared owner from the mortgage. If the terms of the new mortgage vary, please supply a copy of the new mortgage.
