Homes England updated the Capital Funding Guide on 29/07/2022 in respect of “Key Information Documents” (“KIDs”).
From the 15 September 2022, RPs will need to provide the Key Information Documents for Shared Ownership homes provided through the SOAHP 2016 to 2021 funding programme (as well as those funded under SOAP 2021-2026)c and all Section 106 developments.
This means from and including 15th September 2022, the Key Information Documents (now available on the Capital Funding Guide) must be completed for the sale of new Shared Ownership homes and resales. These will need to be completed by the sales/resales team.
Please note, it is a condition of grant funding that these documents are completed and provided to the proposed purchaser no later than at reservation stage for plot sales and the leaseholder upon consent for the resale. The completed documents should be sent to the buyer/leaseholder’s solicitor along with the Memorandum of Sale.
Going forward RPs/HAs should ensure that the appropriate Key Information Document pack is used dependent on the type of Shared Ownership home being provided and the relevant AHP programme it was funded through.