Member

These combined control mechanisms provide several layers of protection for tenants of shared owners. In short, the risks the Government seek to guard against with a 12-month re-letting ban cannot materialise, and none of these control mechanisms are in place for traditional landlords who operate with any such similar oversight. So many shared owners have had to move and sublet, but the local market rent is often less than the mortgage and service charges, causing severe financial difficulties. Hence subletting is at best a temporary solution to enable them to move on while they wait for the buildings to be remediated, or they find a willing buyer before then.