Selling your Shared Ownership home

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Shared Ownership advice for selling your home

What happens when you want to sell your part-buy part-rent home? If you’re a shared owner looking to move on from your current home, we’ve outlined some of the key stages of the sales process to help you on your way.


Contact your housing provider

First and foremost, you will need to contact your housing provider to let them know that you’d like to sell your home.

Generally speaking, your provider will have around two months to market your home first and, if they find a buyer, they will go through a similar process to the one you went through when you bought the home. If your provider doesn’t find a buyer during this time, you can then choose to sell your property privately or through an estate agent of your choice. If you would like to advertise your home on Share to Buy’s property portal, you can find out more here.


Get a valuation

As part of the sale process, you will be required to choose a surveyor to value your home, and your housing provider will usually have a list of surveyors available to help you get the ball rolling.

You will have to pay a fee for the valuation and 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 and from this, the housing provider can work out the current value of your share.

Carrying out the valuation does not commit you to selling your home, however, 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. At this stage of the process, you may wish to make contact with some of the specialist firms on our Solicitor and Conveyancing Panel.


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.


Arranging photography

Your housing provider will liaise with you to explain each step of the process and either arrange for professional photographs to be taken, or will discuss having you take these photos yourself, in order to market your home to other potential purchasers. Please ensure that your property is tidy and presentable in any photographs 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 normally 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 usually 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 any 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 yourself and the buyer. We would encourage you to keep in regular contact with your solicitor to make sure that the sale progresses as smoothly as possible.


Share to Buy is a one stop shop for affordable homes. On our website, you can search for propertiescompare mortgages and find out all you need to know about alternative home buying schemes such as Shared Ownership and Help to Buy.

How can I ensure my Shared Ownership sale goes as quickly as possible?

To help speed up the sales process, it is advisable that you allow your housing provider to pass your contact details on to your buyers so that you can discuss possible moving dates. It is also important to liaise with your solicitor on a regular basis so that they can progress the sale with your buyer’s solicitor.

Once a buyer has been found and your housing association has instructed their solicitors, your provider will not have any direct involvement with the sale, however they are able to assist where required.

For more information, visit our guide to selling a Shared Ownership home.