Renting out a Shared ownership property

Currently, there are 0 users and 1 guest visiting this topic.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #38632
    Evan31
    Participant

    We have a customer who currently claims HB for her shared ownership property. She has now agreed with the HA that she can sublet it because it is no longer large enough for her family.

    The customer is wanting to claim HB on her new rented property, our query is do we need to get a valuation on the mortgaged portion of her original share ownership property?

    #109079
    david farrar
    Participant

    The value of the equity in the shared ownership property would be treated as capital, unless it falls under one of the disregards in Schedule 6

    e.g. ocupied by a sick or elderly relative, etc

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.