Thinking of selling and moving on 

If you own less than 100% of your home and you wish to sell your share then you must inform us in advance. Within your lease conditions, we have a period of one to two months to find someone to buy your share from you. This is called the nomination period. We charge an administration fee for selling your property which is much less than estate agency charges. This charge will vary depending on your lease.

You will need to supply an independent valuation of the property.  The person appointed must be an independent qualified valuer, eg FRICS or MRICS. You will be responsible for their fees and we cannot accept valuations from estate agents.  Please note there are no allowances for improvements.

We will ask your local authority to supply details of prospective buyers and look at our own waiting list for people who are interested in properties in your area. We send out details of your home (similar to an estate agent) and ask those who are interested to contact you. If someone is interested, we can then proceed with the sale of your property.

If we are unable to find a buyer, you can use an estate agent to sell your home once the nomination period has passed. If they find a buyer then you will be responsible for the full cost of the agent’s fees. You will need a solicitor and you will be responsible for their fees and other associated costs in selling your home.

Resale is a formal procedure and it is also included within our step by step guide.  Please contact us for a copy.


Transferring to another shared ownership home

We operate a transfer list for shared owners who wish to move to another shared ownership property. There is also a national organisation called Shared Ownership HOMES who may be able to help.

Please contact us to discuss the options that are available to you.

Your home is at risk if you do not keep up rent and mortgage repayments or payments on other loans secured on it.

Please note the value of properties can go down as well as up.