If you’re a shared owner subletting your home is not allowed, apart from in rare circumstances, defined as ‘exceptional’.
This is because your home was built with government funding. We have to ensure people who benefit from this are not using their home to make money.
Further details can be found in our Subletting information leaflet.
If you sublet your home without written agreement from us you're in breach of the terms of your shared ownership lease.
Subletting without permission is very serious and, if we have to, we'll take legal action and you risk losing your home.
How do I know if my circumstances are exceptional?
If you feel your circumstances are exceptional, we'll consider a request from you to sublet your home. We expect these requests to be rare and will consider them on a case by case basis. It's our decision as to whether we agree to the request or not and any agreement will be subject to a number of conditions.
Please complete a subletting application form to assist us in assessing your situation. We'll only grant permission if you agree to sort out the circumstances that are making occupation of your property impractical.
Examples of circumstances that we would consider exceptional would be:
• If you're moving away from the area for employment and you expect this to be for a short period of time
• If you need to move because a close family member requires you to be their primary carer.
What do I do if I think my circumstances are exceptional?
Please contact your Home Ownership Officer and provide us with evidence. For example, a doctor's letter confirming you're required to move to become someone's primary carer. Or a letter from your employer confirming your place of work is moving to a location outside of a reasonable daily commuting distance (a distance of at least 75 miles or 90 minutes travelling time).
When will you not grant permission to sublet?
Requests to sublet based upon market conditions or any reductions in the value of your property alone are not considered exceptional, so we'll not grant permission to sublet.
If you're able to say yes, how long will I be able to sublet for?
If we agree to your request to sublet your home, this will be for six months only. An extension up to a maximum of 12 months may be requested with a further application
What are my options when the subletting ends?
At the end of the agreed period (normally six months), you'll need to choose one of the following options:
1. Return to live in the property as your main or principal home
2. Staircase to 100% ownership (whereupon you may then be able to sublet the property without our involvement)
3. Sell your share in the property (your sales instructions to AmicusHorizon's resales team must be in place at least two months before the end of the agreed period).
Can you withdraw your permission?
We will withdraw any permission, regardless of the circumstances:
- If there are any rent/service charges/sundry debt arrears on your account
- If your tenants are causing noise, harassment to other residents of the property, building or area or are breaking the law
- If your mortgage payments are not maintained or your mortgage lender requests us to withdraw permission for the sublet arrangements.
Permission to sublet automatically terminates at the agreed end date. If the sublet tenancy continues beyond the agreed date, then you will be in breach of your shared ownership lease and we will take action to recover the property. You risk losing your home.