Repairs

It is your responsibility to maintain the property and keep it in good condition. New-build homes are usually offered with a 10 year build warranty as well as a one year defects period with the builder, which your sales advisor will explain at the time of purchase.

On newer Shared Ownership homes there may be a 10 year ‘initial repair period’ during which you will be able to claim costs of up to £500 a year from your landlord to help with essential repairs. During this period the landlord is also responsible for the cost of essential repairs to the external fabric of the building and structural internal repairs. These are limited to repairs not covered by the building warranty, defects period or any other guarantees. The £500 allowance can also be used to claim back excess paid when claiming through the building warranty. Please check with your sales advisor whether the home you are purchasing benefits from the 10 year ‘initial repair period.