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.writing

 

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 register with a Help to Buy Agent for shared ownership, and 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.