You can legally add or remove someone from your shared ownership home, but you will need legal representation to do so. The process involves notifying Aster, and our approval is required, especially if you are transferring ownership or adding someone to the title. You will need to complete certain legal formalities, which may include a valuation and possibly paying related fees for the transfer.
Shared ownership provides a more affordable option for home buyers, as they require a smaller deposit compared to buying a home on the open market. It is advisable to consult with us and seek legal representation to understand the specific requirements involved.
You can also add or remove a person from your lease. For example, this may occur if you get married or split up with your partner. Please contact us for information on applicable fees and other details.
In summary, yes, a shared owner can change the name on the title of their property.
To initiate this process, they will need to contact us and seek legal representation.
Please note that there will be associated fees and paperwork to complete this process. We can provide guidance throughout, so feel free to get in touch!
At Aster, we're proud to offer beautiful shared ownership homes across the South of England and London. Our homes are perfect for those looking to make a great start on the property ladder and take advantage of all that this incredible area has to offer.
If you need more information around how does shared ownership work, take a look at our guide.
Our aim at Aster is to find you a home, not just a house – and with our fab shared ownership approach, you can find a home in a lovely location that may otherwise be out of your reach, just get in touch!
Finding your dream shared ownership home is as simple as giving us a call and letting us walk you through the steps you need to take. With this guide and guidance from the team at Aster, we can make the process as simple as possible.
At Aster, we’re committed to making the process as smooth and stress-free as possible. We feature a range of shared ownership properties, each with its own unique characteristics and features. Our knowledgeable and friendly sales team are always on hand to provide expert advice and guidance, helping you to find your perfect shared ownership home.
Whether you’re a first-time buyer or a seasoned homeowner, we’re here to help you every step of the way.
We can help! Speak to our team today!
We can help! Speak to our team today!
Contact Us 01380 735 480
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