Shared ownership

We have a number of shared ownership properties, which means leaseholders pay rent on the share owned by Newydd, but with the option to purchase further shares and/or staircase to 100% ownership. However, there is no obligation to do so. 

If your property is a house and you choose to staircase to 100%, the freehold of the house will be transferred to you at no further charge. Following a transfer of the freehold, you will no longer be liable to pay rent to Newydd and you will, if you wish, be able to rent the property out - your shared ownership lease currently obliges you to occupy the property. 

If your property is a flat, then the freehold cannot be transferred to you, even if you staircase to 100% leasehold interest. The position following the purchase of 100% leasehold interest is different, please contact us if you require further information.