Renting out a Shared ownership property

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  • #38632

    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?

    david farrar

    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

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