Decorating a Shared Ownership Home

1, 2 & 3 Bedroom apartment bedroom at Trent Park, Enfield

As you may have heard, Shared Ownership is a Government-backed scheme which enables first-time buyers – or those who do not currently own a property – to purchase a home at an affordable price. 

The popular process works by allowing you to buy a share of a property. This is often referred to as the ‘share value’. The share value is typically between 25% and 75% of the purchase price and represents how much of the property you own. 

A subsidised rent is then paid on the remaining share which is not owned by yourself. This part-buy, part-rent process can often work out cheaper than renting and is a great option for those who want to get on, or climb, the property ladder.   

So, What’s the Deal with Decorating?

Let’s set the record straight – you own your Shared Ownership home. Whether you have a 25% or 75% property share, it’s now your property to decorate as you wish. But what exactly does that mean?

Well, lucky for you, gone are the days of renting. So, you’re welcome to:

  • Paint your walls
  • Plaster wallpaper
  • Hang your pretty pictures
  • Put up those IKEA shelves
  • Update lighting fixtures
  • Change plug sockets 

Whilst the above list isn’t exhaustive, it gives you a sense of what you’re entitled to change. Naturally, the rules differ depending on your lease and the property type. Keep reading… 

Man stood scratching head appearing confused in a grey and red check long-sleeved shirt.

What Can’t I Change?

Although you own your Shared Ownership home, until it’s bought outright there are restrictions on major alternations to the property. Say, for example, you want to make structural changes, you would need written permission in order to this. However, you should not be withheld permission unreasonably.

Structural changes would include, but are not limited to: changing windows, flooring, altering the layout of a home and extending the property.

When buying your Shared Ownership home, it’s important to check the lease and discuss any queries you may have with your solicitor.

Want to get on the property ladder with Shared Ownership?

We provide an array of top quality, contemporary apartments and houses across England. Start your search by viewing our current properties available and coming soon.

Don’t forget you can head to our social media profiles on Instagram or Facebook (@legalandgeneralaffordable) to ask your property and Shared Ownership questions. #LandGAH