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Shared Ownership

This page explains your rights and responsibilities as a sharing owner. It should be read alongside the legal documents provided by your solicitor at the time of purchase, including your Occupancy Agreement and Disposition.

Shared Ownership

Shared ownership is a low-cost home ownership scheme designed to help people on low to moderate incomes buy a home.

As sharing owner you:

  • Own a percentage share of your home
  • Pay an Occupancy Payment on the remaining share

Homes are bought on the open market. Available shares are usually 25%, 50% or 75%, depending on what the existing sharing owner is selling.

We cannot consider you for shared ownership if you:

  • Plan to buy in order to let or sublet
  • Do not intend to live in the property and use it as your only and principal home
  • Can afford to buy a property outright

Priority will be given to:

  • First time buyers with limited housing alternatives
  • Public and Private sector tenants
  • Families on low incomes
  • Those who need to relocate due to work or care commitments or whose circumstances have changed to due relationship breakdown.

There is no waiting list. If you wish to buy a shared ownership property current for sale on the open market, please complete [Application Form link] and return as instructed.

It is your responsibility, before buying to carry out all appropriate due diligence. This includes:

  • Reading the Home Report in full
  • Reviewing title deeds, disposition, and Deed of Conditions
  • Checking whether the property includes any listed or protective features

Before you buy, it is important that you understand the home-buying process and the responsibilities involved and seek independent legal and financial advice before committing to the purchase.

As a sharing owner, you have a financial stake in your home. Your rights and responsibilities are broadly the same as those of an outright homeowner.

Your Responsibilities

You are responsible for:

  • All internal repairs and maintenance
  • All external repairs and maintenance
  • Organising and paying for repairs to common areas and/or sinking fund contributions if applicable
  • Adhering to the title conditions and Occupancy Agreement
  • Allowing access for inspections, repairs or safety works when required
  • Contents Insurance
  • Stair, window, or common cleaning (where applicable)
  • Carrying out due diligence when buying or selling
  • Paying all charges due in line with your Occupancy Agreement
  • Notifying us of any changes in circumstances such as household composition or prolonged absence from the property

Our responsibilities

We may be responsible for:

  • Buildings Insurance (while we retain a share)
  • Organising common repairs or landscaping where we are the appointed Property Factor.

Your Occupancy Payment is reduced to reflect that you pay for repairs and maintenance yourself.

If there is a dispute, we will refer to your Occupancy Agreement and Disposition and may take legal action if required.

You do not need permission to carry out routine repairs or maintenance to your home.

You must obtain written consent before making any material or structural changes to your home.

To apply:

  • Complete the Alterations Request Form [link].
  • Submit as instructed on the form

If you are unsure, please contact your Property Officer before starting any work [link to customer service email/number].

Block Repairs

In some developments, we act as Property Factor and arrange common repairs. For more information on Hillcrest’s role as Property Factor in your block, please see [link to factoring page].

If no Property Factor is in place, residents are jointly responsible for maintaining common areas

Please refer to your Disposition and Deed of Conditions on what is classed as “common”.

If no provision is made in the title deeds or Deeds of Condition, or if those documents are silent on the matter, the Tenement Management Scheme (TMS) will apply.

Where Hillcrest is not appointed Property Factor, decisions and arrangements under the TMS are the responsibility of all owners. For more information on TMS see [link to TMS section].

Landscape Maintenance

Small, shared areas are often maintained by residents by agreement

Larger developments may have landscaped areas managed by us, with a service charge applied

Please contact Customer Services if you need information about your development

[link to customer service].

While we retain a share in your property:

We arrange buildings insurance under our block policy

You pay the annual premium (invoiced each September)

You must arrange your own contents insurance.

Should you require a copy of your Insurance documents or wish to discuss any insurance related matters, please contact [insurance team] in the first instance.

Buildings Insurance – What you need to know

While we retain a share in your home, buildings insurance is arranged and renewed annually under our block insurance policy.

The policy holder is Hillcrest, however, your interest in the property and that of your mortgage lender is noted under the policy. Insurance details are below:

Insurer: Allied World Assurance Company (Europe) DAC

Broker: Arthur J. Gallagher Insurance Brokers Limited

Period of Cover: 1 August 2025 to 31 July 2026

What the buildings insurance covers:

The policy covers the structure of the building and common parts, including:

  • Walls, roofs, floors and ceilings
  • Fixtures and fittings
  • Garages, sheds and outbuildings
  • Paths, drives, car parks, walls fences and gates (subject to policy terms)
  • Cover is provided for damage caused by insured events including:
  • Fire, smoke, lighting and explosion
  • Storm and flood
  • Escape of water or oil from fixed systems
  • Riot, civil commotion and malicious damage
  • Theft or attempted theft
  • Subsidence, heave or landslip
  • Impact (fallings trees or aerials)
  • Accidental damage
  • Terrorism

The policy also includes Property Owners’ Liability.

What is not covered:

  • Wear and tear, gradual deterioration, corrosion, rot or damp
  • Damage caused by insects, vermin or pets
  • Faulty workmanship, defective design or materials
  • Deliberate damage caused by the policyholder or owner
  • War, civil, or nuclear risks

This is not an exhaustive list. Full Explusions are set out in the policy wording.  

What to do if damage occurs

  1. Make safe the situation and take reasonable steps to prevent further damage. Arrange emergency measures if needed. Emergency repairs should be limited to what is necessary to prevent further loss
  2. Report the damage to the Insurance Broker and to Hillcrest.
  3. Provide details, evidence, and cooperate fully with the claims process

Please note the minimum claims value is £10,000 for building claims*

Excess Levels – who pays:

Each claim is subject to an excess:

  • £500 per claim
  • £500 for subsidence claims
  • Certain buildings may have different excesses for fire damage where noted by endorsement

Where damage relates solely to your home, you are responsible for paying the excess. Where damage affects common parts or multiple properties, the excess may be shared in line with the title conditions.

Additional cover and extensions

The policy also includes cover for:

  • Loss of rent and reasonable alternative accommodation if your home is uninhabitable
  • Professional fees
  • Removal of debris
  • Underground pipes, drains, cables
  • Loss of metered water or oil (up to policy limits)
  • Automatic reinstatement of the sum insured following a claim.

If you buy 100% of your home, you must arrange your own buildings insurance.

Making a claim

If damage occurs:

Take reasonable steps to prevent further damage

Report the issue to us as soon as possible – we will provide you with advice on next steps.

If the damage is caused by theft or vandalism, report it to the police.

You must cooperate fully and provide access for inspections, surveys, repairs where necessary.

Claims should be reported promptly, as late notification may affect cover.

Your responsibilities when making a claim

You must:

  • Provide accurate and timely information
  • Allow access for inspections and repair works
  • Take reasonable steps to prevent further loss or damage
  • Pay the applicable policy excess

Failure to comply with the policy conditions may result in the insurer refusing or limiting a claim

Claims involving negligence or poor maintenance

If damage arises due to:

  • Poor Maintenance
  • Failure to carry out repairs
  • Unauthorised alterations

The insurer may refuse cover, and you may be held fully responsible for the repair costs.

How insurance costs are calculated

The costs of the block insurance policy is based on:

  • Reinstatement values
  • Claims history
  • Type, size, and use of the building
  • Market insurance conditions

Your share of the premium is recharged to you and invoiced annually.

Further information

This webpage provides a summary only. The full terms, conditions and exclusions are set out in the policy documents. Please contact [insurance team] to obtain a copy and/or discuss your buildings insurance.

Buying Additional Shares (Tranching Up)

You can buy additional shares after living in your home for at least one year.

Key points:

  • Shares are bought in multiples of 25%
  • The price is set by an independent valuation
  • Your Occupancy Payment reduces as your share increases

You must:

  • Tell us in writing
  • Arrange an independent valuation
  • Confirm your lender and solicitor
  • Complete the purchase within agreed timescales

You cannot buy more shares if there are outstanding arrears.

Selling Your Home

If you own 100%,  you can sell and move freely.

However, if we still own a share in your property you must contact us to obtain our agreement to sell.

It is our policy to agree to enter into a “joint sale” of the property.  This means that both your share and our share is placed on the open market to be sold together.  It is similar to any house sale, but it must be borne in mind that as there are two owners, each party must be in agreement.

You are responsible for:

  • Telling us in writing
  • Organising and paying for the Home Report and valuation
  • Placing the property on the open market
  • Obtaining consent from us for any offer received. Any offer received for the property must be agreed with us, and our solicitors, prior to acceptance, even if you are happy with it.

You will also be responsible for your own legal fees in connection with the share you are selling, as we will be for our own legal fees for selling our share.

Hillcrest Homes will not contribute towards any estate agency fee you incur.

Any proceeds resulting from the sale will be apportioned to the share each of us own, at that time.

If you and your partner are joint sharing owners, and both named on the Occupancy Agreement, you will require to advise us if it is your intention to sell the property, or if one of you is to remain.

If one of you is to remain and become the sole sharing owner, we will arrange for a fresh Occupancy Agreement to be drawn up for signature.  You will be liable for any costs involved in us doing this.

We would suggest that you obtain legal advice regarding situations such as this as there will be legal requirements not only with us, but also with your lender.

In the event of the death of a shared owner, the deceased’s share shall pass to their estate. It is the executors responsibility to advise the lender (if applicable) of the death of sharing owner.

 

The executor or beneficiary may, subject to our consent and eligibility requirements, transfer the property title and enter into an Occupancy Agreement with Hillcrest. Please see [eligibility] for more information on our shared ownership criteria.

 

If the Executors decide that the share of the property is to be sold, this will be dealt with in line with [Selling your Home].

Housing Costs

Occupancy Payments

The amount payable to us on a monthly basis is called the Occupancy Payment.

The Occupancy Payment is subject to annual review and is effective from 1st April each year.  You will be notified in February of any increase to your Occupancy Payment

The annual Occupancy Payment is calculated using our current rent setting policy and a deduction is made to recognise the full repairing responsibilities you have.

Your Occupancy Payment is due, in advance, on the first day of each calendar month  and is normally paid by Direct Debit or Standing Order. Other payment options are available [link to payments].

If you are having difficulty meeting your occupancy payments each month, please contact us immediately to discuss your situation [link to customer service]

Early contact helps prevent arrears action

We will discuss your situation and offer support where possible

In all cases where arrears accure, staff will follow our Shared Ownership Procedure to recover any unpaid sums due

If you are having difficulty meeting the payments to your lender, you should contact them direct.

You may be entitled to Universal Credit or Housing Benefit to help towards your Occupancy Payment.  Please contact our Customer Service team should you require further advice on this matter.

Payment of Council Tax to the Local Authority is your responsibility.

If you have obtained a mortgage to fund the purchase of your share in your home, the amount of the monthly repayments will be advised to you by your lender, and payable direct to them.

To provide shared ownership homes, we are required to have a Co-operation Agreement in place with the lender that provided your mortgage

This agreement requires both Hillcrest Homes and the lender to work together if there are serious arrears on either your Occupancy Payment or mortgage

For example:

  • If your mortgage payments are up to date but your Occupancy Payments fall into arrears, we may notify your lender
  • The lender is then required to work jointly with us to recover the outstanding amount

This may include formal recovery action, such as arrestment of wages.

In some cases, joint legal action may be taken, and you will be responsible for all incurred costs

If you are experiencing financial difficulty, we strongly encourage you to contact us and your lender as early as possible so that support and advice can be offered.

Lodgers and Sub-Letting Your Property

You must request permission from us if you wish to take in a lodger.

When considering your request we will:

  • Ensure the property will not become overcrowded
  • Require written permission from your lender

If you wish to apply, please complete [lodger request form].

You must also request permission from us if you wish to sub-let your home. If you wish to apply, please complete [sub let request form].

Key points:

Sub-letting is usually approved for an initial period of up to 6 months

If you do not plan to return to the property, we will need to discuss next steps with you.

If approved:

  • You remain responsible for all Occupancy Payments
  • Payments must continue to be made from your bank account
  • You must provide written confirmation that your lender has agreed to sub-let

We recommend seeking independent legal advice before sub-letting your property.

Antisocial Behaviour

Anti-social behaviour can be reported to the Local Authority, Police and Landlord where applicable. Complaints about Hillcrest Homes tenants can be made by calling 0300 123 2640.

Please see [website link] for more information.

Complaints

We regard a complaint as any expression of dissatisfaction about our action, or lack of action, or about the standard of service provided by us, or by someone else working on our behalf.

We aim to achieve a front-line resolution whereby complaints are resolved within five working days.

When making a complaint, please tell us as much detail as you can including:

  • Your full name and address Specific details regarding your complaint
  • The works order number if your complaint involves a charge on your invoice
  • What you feel has gone wrong How you want us to resolve the matter
  • We are committed to making our service easy to use for all.
  • If you have trouble putting your complaint in writing, please contact us.

Our complaints procedure has two stages:

Stage 1 – Frontline resolution

For issues that are straightforward and easily resolved, requiring little or no investigation.  These are complaints that can be resolved within five working days or less.

Stage 2 – Investigation

For issues that have not been resolved at stage 1 or that are complex or “high risk”.  These complaints require more investigation, and a response will be provided within twenty working days.

Complaints can be made via [link], further information on our complaints process can be found here. Alternatively, please call our Customer Service Team on 0300 123 1640 or via email cusomerservice@hillcrest.org.uk to discuss further.

Data Protection

For information on how we use your personal data, please see Use of personal information – Hillcrest.