Resale information
There may come a time you want to sell your shared ownership property. The process is straightforward. Here is a brief summary of the steps:
- A survey will be carried out to establish current market value.
- Your property is marketed by us to people who are approved/qualified for shared ownership during the nomination period (as determined in the lease - this is usually two months).
- If buyer is found during this period, a formal offer to purchase your share is made on behalf of the purchaser by us.
- On receipt of your agreement, solicitors are advised and the usual conveyance process begins.
- Your sale should complete in approximately 6 – 8 weeks.
At the end of the nomination period if we have not nominated a purchaser, you can sell your property on the open market. You can instruct any estate agent you wish and simultaneously staircase (increase the share of the property you own) to 100% on completion of your sale.
Please download further information and forms below:
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