Selling your Shared Ownership home

What happens when you want to sell your Shared Ownership home? This step-by-step guide will help you through the process, starting with the most important part:

Contact your housing provider

You will need to contact your housing provider to let them know that you’d like to sell your home. You will be asked to choose a surveyor to value your home. Your housing provider can provide you with a list of surveyors to choose from.

Get a valuation

You will have to pay a fee for the valuation; you will be informed of the cost before proceeding. The surveyor will arrange to visit your home to carry out the survey. The valuation sets the sale price for your home. From this, your housing provider can work out the value of your share.

Carrying out the valuation does not commit you to selling your home. Once your housing provider is in receipt of your valuation report they will arrange for you to sign a contract to agree the fee and details of how your home will be sold.

Contract of sale

If you decide to proceed, you will need to complete and return a contract of sale and include details of the solicitor who will be acting for you once a buyer is found. If you bought your home with someone else, and you are both on the lease both of you will be required to sign the contract of sale.


Get an EPC certificate

You will need to instruct an Energy Performance Certificate (EPC) provider to produce an EPC. EPCs provide important information on the existing energy efficiency of your home and make recommendations on how you could improve its energy efficiency.

You will only be able to start the process of selling your home once you have confirmed that an EPC has been commissioned. Please note that the EPC must be provided within the first 28 days of marketing your property as this is a legal requirement.

Take some photos

Your housing provider will liaise with you to explain each step of the process and to arrange for photographs to be taken that will be suitable for marketing your home. Please ensure that your home is tidy and presentable in any photographs in order to ensure that it is marketed in the best possible way.

Finding a buyer

When you want to sell, you will need to contact your housing provider to let them know. As there are often long waiting lists for Shared Ownership homes, your provider will then have a set period of time (as outlined in the terms of your lease) to try and sell your home to other buyers who are looking to purchase through the scheme. After this time, you will be able to advertise the property yourself, selling privately or through an estate agent of your choice.

If you haven’t staircased to 100% of your home at the time of wishing to sell, you will be required to sell your home on a Shared Ownership basis. The buyer will need to meet all relevant eligibility criteria, and will be required to purchase a share equal to or higher than what you currently own.

The sale

The nominated buyer will go through a similar process to the one you went through when you bought the home. They will need to attend a compulsory financial interview with an independent financial advisor. If the buyer is approved financially and a sale is agreed, your housing provider will send you written confirmation of all the details.

Their solicitor will then contact your solicitor. As a standard part of the sales process your buyer’s solicitor will raise leasehold enquiries relating to your property with your solicitor.

The buyer normally has 12 weeks to complete the purchase, although this needs to be flexible if you are buying another home. Both your solicitor and the buyer’s solicitor will agree an exchange and completion date. Your housing provider would not usually be involved in agreeing dates so these are negotiated between the buyer and you.

We would encourage you to keep in regular contact with your solicitor to make sure that the sale progresses as smoothly as possible.