Member

I briefly raise a subsidiary issue. Shared owners also need clarity on how the Bill will affect the current licence to sublet regime. Unlike other landlords, shared owners have only a time-limited licence to sublet, and such a licence usually names their tenant. If there is a requirement for them to get a new licence every time there is a new tenant—and the Shared Owners’ Network says that the typical cost of a new licence to sublet is approximately £1,000—a high turnover of tenants would lead to further unacceptable costs for shared owners.