Share to Buy Expert Sessions: Your questions about the sales process

Answering your questions about the sales process!

Shared Ownership Sales Process

Can I negotiate on the percentage price when buying a Shared Ownership home?
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Response from Clarion Housing Shared Ownership homes are independently valued by a Royal Institute of Chartered Surveyors valuer and they determine the price at which we sell our homes. We are therefore unable to accept offers on Shared Ownership homes

How long can I hold a property for after I reserve it?
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Response from Clarion Housing – Once you’ve reserved a property, the ball starts rolling and we’ll be asking you to progress matters straight away. You may have a few days cooling off period, please check with the housing association you’re reserving with.

Does the reservation fee get refunded if I don't get accepted for the home?
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Response from Clarion Housing – A reservation fee is taken once you’ve passed an initial affordability assessment. This generally means that you can afford to go ahead and the property you are interested in is available.

What is the average rent increase on a Shared Ownership home?
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Response from Clarion Housing – Typically the rent increase for Shared Ownership is RPI + 0.5% and increases every April.