Buying through Shared Ownership with Family Mosaic will make you an owner-occupier and Leaseholder. Being a leaseholder means you will usually have a lease for a set number of years and pay for things like ground rent and service charges. Below we have compiled a group of useful informational pages for Family Mosaic leaseholders.
The process of buying more shares for a Shared Ownership home is reffered to as staircasing. If you staircase to 100% you will become an outright owner.
Selling your home
Selling you Shared Ownership home is a straightforward process and is known as a resale. You can sell your Shared Ownership home at any time.
Lease and lease extensions
When purchasing a property, you will sign a lease which states your rights and responsibilities as a leaseholder. You can also request to extend your lease.
Remortgaging occurs when you move from your existing mortgage lender to another lender. We can help guide you through remortgaging your home.
All new build Family Mosaic properties come with a warranty, usually for one year. Find out about warranties for our new build homes.