Our joint responsibilities in your home
As a leaseholder you have special rights and responsibilities for your home.
The lease is a legal contract between you and us at Flagship, which sets out our joint responsibilities. As a shared owner you have a leasehold interest in the property and Flagship is the landlord.
This page outlines your responsibilities, and ours.
Your responsibilities
- Pay your rent and buildings insurance.
- Take out contents insurance.
- Maintain your home and carry out your own repairs.
- Pay a service charge if there are communal areas to be maintained.
- Contact us if you want to move out of the property or buy more shares.
- Ask our permission if you want to carry out alterations.
- Let us into the property after giving you notice to view the condition of the property or to repair an adjoining property or communal areas.
- Make an effort to sort out differences with neighbours.
- Keep safe, arrange regular gas or ASHP servicing.
Flagship Homes' responsibilities
- Ensure buildings insurance is in place.
- Maintain and repair any unadopted communal or shared areas, roads or grounds and the structure of apartments.
- Collect the rent and any service charge payments from you and notify you of any changes
- Provide easy access to services.
Remortgaging your shared ownership home
Re-mortgaging is a chance to review your finances, seek reliable advice, assess your progress toward homeownership goals and explore potential savings.
If you would like to re-mortgage, please get in touch with our sales team, with written confirmation of your home’s value from your new lender, a copy of the mortgage offer and, if relevant, a statement of the outstanding amount from your current lender.
We will then review your information, raise any queries and send our approval to you and your solicitor.
Re-mortgaging restrictions