Do I have to pay all bills in a Shared Ownership property
Although you will only own a share of the property, in addition to your mortgage and rent, you will be required to pay the entire cost of items such as:
- Council Tax
- Gas, Electricity, Water & phone bills
- Repair and maintenance costs for both the inside & outside of the property
- Buildings and contents insurance
- In some cases, a contribution to maintenance of shared areas, known as Service Charges
Please note that all information provided in this FAQ is for general reference only. It should not be used as a sole or definitive source, nor is it intended to be used for decision making in place of appropriate advice from a qualified legal professional. As such the information is provided as-is and Brevis cannot accept any responsibility or liability for any loss or damage resulting from any errors or ommission in, or any reliance on, information contained in this guide.