Shared Ownership Santander Conveyancing Requirements

Santander affordfable housing stipulation are set out in Part 1 of the Lenders Handbook.Housing associations, other social landlords and developers sometimes provide schemes under which the borrower will not have 100% ownership of the property and a third party will also own a share or will be a taking a charge over the title. In these cases you must check with Santander to see if they will lend and what their requirements are unless we have already provided these

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Last updated on 21/04/2025 Section Two of the UK Finance Lenders’ Handbook for Santander deals with who you need to contact If different from section 1.11, i.e lending on affordable housing, shared equity and shared ownership and where relevant their requirements:

Refer to Mortgage Operations office instructing you.

Where the security is leasehold, you must note only situations where Santander will accept a restriction on the mortgage or assignment (whether by a tenant or a mortgagee) of the lease is where the person whose consent needs to be obtained cannot unreasonably withhold giving consent. The necessary consent for the particular transaction must be obtained before completion. If the lease requires consent to an assignment or mortgage to be obtained, you must obtain these on or ahead of completion (this is particularly important if the lease is a shared ownership lease). You must not complete without them.

The information contained within this webpage is for general information purposes only for lawyers in England and Wales, it does not constitute advice and you should always check the UK Finance Lenders’ Handbook for Santander shared ownership requirements as well as the mortgage offer. Whilst we endeavour to keep the information up to date and correct but does not make any representation or warranties of any kind about its completeness, accuracy, reliability or suitability. Any reliance you place on the information is strictly at your own risk. Lexsure will not be liable for any direct or indirect loss or damage arising out of or in connection with the use of this information. The same caveat applies to members of the public looking at this page. If you wish to find a shared ownership conveyancing specialist on the Santander panel or a shared ownership mortgage broker click here.