05 June 2026
Summary: This update explains that Shared Ownership homes will be legally reclassified as long leasehold properties, alongside new subletting rules and wider reforms to make leasehold ownership fairer and more flexible.
Recent changes to the law mean Shared Ownership homes are now treated more like other leasehold properties.
From December 2025, Shared Ownership leases are classed as long leases rather than assured tenancies. This doesn’t change day-to-day living and you’ll still live in your home and pay your rent, service charges and mortgage as set out in your lease.
There are also updates for anyone who sublets their home. If you rent out your property, new requirements apply from May 2026, including providing tenants with key information about their rights. More information can be found on the Government’s website.
Separately, wider leasehold reforms are making home ownership fairer and more flexible. These include making it easier to extend a lease, giving more residents the right to manage their building, and improving protections around charges.
We’re updating our policies, guidance and training to reflect these changes and to make sure we continue to support Shared Owners.
You don’t need to take any action right now. If the changes affect you directly, we’ll be in touch.
If you have questions or are thinking about subletting your home, you can contact us for advice and support.