Your lease

Adding or removing a joint owner

We understand that your personal circumstances can change, which might mean you need to think about transferring ownership of your home, without selling it on the open market. This is also known as a transfer of equity.

Understanding your lease

This area is for bpha homeowners, as many of the services we offer to homeownership customers differs from those offered to the rest of our customers.

Extending your lease

As a shared owner you will be party to a lease. This lease forms your agreement between you and bpha. Depending on the age of the lease you will have been granted either a 99 or 125 year lease.

Varying your lease agreement

When you became a shared owner, you entered into a legal agreement with bpha. This agreement is called a lease, and it gives you the right to live in your home. The lease sets out the agreement between yourself and bpha, including your legal rights and restrictions, as well as yours and bpha’s legal obligations.

Varying your lease means changing the agreement between yourself and bpha.