Changing names on a shared ownership lease
Removing someone's name from your lease
To remove someone’s name from your shared ownership lease, you need to instruct a solicitor.
- Your solicitor will ask us to sign documents and provide our written agreement to this change before they can update the change in ownership at the Land Registry.
- If you have a mortgage, your lender will need to issue a new mortgage offer and ask for Muir's written consent.
- We will carry out an affordability check and your rent account will need to be up to date.
Muir will charge an administration fee. The amount payable will be confirmed by your solicitor once they have checked your lease and legal title documents.
Adding someone's name to your lease
To add someone’s name onto the shared ownership lease you need to instruct a solicitor.
- Muir will need to ensure the new shared owner is eligible for shared ownership. They will need to complete a Shared Ownership Application Form Resales.docx [docx] 299KB. An eligibility and identity check will be carried out.
- A shared owner cannot be in ownership of another property and your joint annual household income must be less than £80,000.
- Your rent account will need to be up to date
- Your solicitor will ask Muir to sign documents and provide our written agreement to this change before they can update the change in ownership at the Land Registry.
- If you have a mortgage, your lender will need to issue a new mortgage offer and ask for our written consent
Muir will charge an administration fee. The amount payable will be confirmed by your solicitor once they have checked your lease and legal title documents.