If you're considering Shared Ownership but find the rules a little confusing, you're not alone. Many first-time buyers, especially young professionals, are excited by the potential affordability but unsure about the flexibility of the initiative. Let's debunk some common Shared Ownership myths and clarify what you can and can’t do with Shared Ownership, particularly when buying with Southern Housing New Homes. 

What You Can Do with Shared Ownership

Decorate and Personalise Your Space

Yes, you can decorate your home. Whether you want to paint the walls or hang pictures, Shared Ownership homes are your space. You have the right to make non-structural cosmetic changes. For larger renovations or structural alterations, you’ll need written permission, but this is common with most leasehold properties. 

Own Pets (Usually)

Pet ownership is often possible but depends on the terms of your lease and the type of property. For flats, there may be restrictions, especially in shared buildings. Houses are generally more flexible. We encourage transparency on this, so if pets are part of your lifestyle, just ask. 

Increase your Ownership

Yes, you can “staircase” your way to full ownership. Many buyers start with a smaller share and increase over time. In fact, you can eventually own your home outright, a major plus that debunks one of the biggest myths about Shared Ownership. It’s worth noting that even when you own 100%, most Shared Ownership homes remain leasehold rather than freehold - meaning you own the property but not the building or the land it sits on. Learn more about staircasing here. 

Sell Your Home

Worried that you won’t be able to sell? That’s another myth. You can sell your Shared Ownership home whenever you want. The process is slightly different, especially if you haven’t staircased to 100%, but it’s entirely possible. SHNH even provides dedicated guidance on selling Shared Ownership homes. 

What You Can’t Do with Shared Ownership 

Sublet Without Permission

One of the most common questions is: Can I sublet my Shared Ownership home? The answer is generally no, unless you’ve staircased to 100% ownership. Since Shared Ownership is designed to help you live in the home, subletting is usually restricted. If you’re planning to move temporarily, speak to us about your options. 

Make Major Alterations Without Approval

While cosmetic changes are fine, structural alterations (like knocking down walls or adding extensions) require permission. This ensures safety and maintains property value, especially if it’s part of a larger development. 

Avoid Maintenance Responsibilites 

Some assume the housing provider handles all maintenance. In realiy, you're responsible for repairs and upkeep, just like any other homeowner. However, new homes often come with warranties, which can reduce unexpected costs in the early years – it’s important to look at what costs are covered by these though. 

Myth-Busting the Confusion

There’s no shortage of Shared Ownership myths out there, from "you’ll never own it outright" to "you can’t make it feel like home." These are outdated misconceptions. Shared Ownership offers flexibility, affordability, and real pathways to full homeownership. 

For a deeper dive, SHNH has created an easy-to-navigate FAQs section and guides tailored for first-time buyers, helping you make confident, informed decisions. 

Ready to Explore Your Options? 

Shared Ownership can be a smart, accessible way to buy your own home, without the stress of going it alone. Southern Housing New Homes is here to support you every step of the way. 

Get in touch with our team today or discover more information about our available homes here.