Selling your home
We work with a specialist shared ownership independent consultancy, Urban Moves. They offer a comprehensive nomination service at a competitive price, giving you the best possible chance of finding a buyer as quickly as possible.
How do I sell my shared ownership home?
The legal process of selling your share of your shared ownership home is similar to selling any other home.
The main difference is that we first need the opportunity to search for a suitable buyer for your home. They’ll be someone who also requires the assistance of shared ownership for their purchase.
Your lease agreement sets out the key requirements to be aware of before selling. This includes an obligation (a nomination period) to allow us, with Urban Moves if you choose, the opportunity to find a buyer for you.
On some shared ownership leases the nomination period is eight weeks. On others it's four weeks. We take the opportunity to release our customers from their nomination period if a buyer hasn't been secured within the first four weeks of the specific nomination period within the lease.
If a buyer is not found within the four weeks period you’ll be able to market your home with an estate agent.
Shared ownership resale next steps
Selling services and the costs of selling
Your lease will refer to a nomination fee, usually of 1 or 1.5%. This cost is included within your total sales service fee.
Urban Moves is an independent consultancy specialising in shared ownership resales. They offer a comprehensive nomination service. Alternatively, you can choose to sell through Latimer's resales team within Clarion Housing. To compare fees please refer to our administration fees table.
Clarion Housing, with Latimer, is part of the Clarion Housing Group.
Before your home goes on the market
Before you can market your home, you need a valuation from a RICS-qualified* surveyor.
This determines the value of your home based on current market values and any improvements you have made. We have a panel of RICS-qualified valuers who can assist you. They’re familiar with our developments and have experience in the shared ownership market.
If you contact one of our panel of surveyors to make an enquiry please quote ‘Latimer’.
What selling services are provided?
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Urban Moves |
Latimer by Clarion Housing Group | |
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Professional photos and floorplans |
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High quality property particulars |
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Property portal advertising |
✔ Zoopla, Primelocation, On The Market, Government property portals |
✔ Shared ownership and Government portals |
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Social media marketing |
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Enquiry handling |
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Buyer screening |
✔ Checking applicant eligibility prior to viewings |
✔ Following up after viewings arranged by you |
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Hosted open days and viewing events |
✔* |
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Shortlist of eligible nominees |
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Prioritisation and nomination of a buyer |
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Collate buyers documentation signed off by a financial advisor |
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Instruction of panel solicitors who specialise in shared ownership |
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Production and issuing of memorandum of sale to all parties involved |
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Provide dedicated liaison for vendor and buyer |
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Liaise between parties and arrange for keys to be handed over |
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When completing your resale instruction form please indicate if you wish to instruct Urban Moves or Latimer's team to seek a buyer for your home.
*Properties in less demand will benefit from Urban Moves' Viewing Scheduling Service. Appointments will be arranged for individual applicants to view directly with you.