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Living in a shared ownership home

As a shared ownership owner, you are a leaseholder - not a tenant - and therefore have certain responsibilities and restrictions. Your lease agreement is with Metropolitan Thames Valley Housing, one of the largest housing associations in the UK.

Here's a 2 minute guide to your responsibilities and restrictions as a leaseholder:


Some properties have restrictions on pets, so if this is important to you, please check with us before you buy.

Subletting and lodgers

Your lease doesn't allow you to sublet your SO Resi home. However, we will consider individual requests and may give you permission to sublet for a short time with certain conditions. You may be able to have a lodger as long as you still live in the property. If you would like to do this, please get in touch.

Running a business

Your lease does not allow you to run a business from your home that will impact your neighbours or the building itself. For example, running a pet day care centre or car garage is not permitted, whereas computer-based work such as a designer or copywriter is allowed.

If you are unsure about how this might impact you, please get in touch.

Repairs and maintenance responsibilities

As the leaseholder you are responsible for repairs and maintenance of things in the property, for example if the boiler breaks down whilst out of warranty. Your monthly service charge covers the cost of looking after communal areas of the building you live in.

Improvements and alterations

Your SO Resi home is yours to decorate as you like, but you need to ask Metropolitan Thames Valley Housing for written permission before making any major alterations. 


Parking availability will depend on the individual property, so be sure to check with us before you buy.

Making your monthly payments

It's your responsibility to make all of your monthly payments, including your mortgage, SO Resi Monthly Payment and service charge. Failure to do so might lead to your home being repossessed. 

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