Selling your shared ownership home

Due to nature of resales, we're unable to specify how long the process will take. You or your buyer may be in a chain of people who are also selling and buying.

We'll ensure we are supporting you, your buyer and the solicitors to have your sales completed as quickly as possible.

Together with Urban Moves we work with experienced solicitors. Their first-hand knowledge of our developments and shared ownership expertise can help save you time. You're under no obligation to use the solicitors we work with.

View Urban Moves' specialist solicitors

Once instructed, your chosen solicitor will prepare a contract on your behalf. They’ll liaise with us and your new buyer’s solicitors to get answers to any enquiries raised. 

They’ll also work with you and your mortgage lender. Upon completion your mortgage would have been repaid and your lease transferred to your buyer.

Find out more about how to proceed with selling your shared ownership home.

Before you can market your home, you need a valuation from a RICS-qualified surveyor. The cost of a valuation depends on the valuer you choose. Always check with them.

This determines the value of your home based on current market values and any improvements you have made. Your valuation will be valid for three months and needs to remain in date until you complete your sale. If you don’t complete your sale in that time, you'll need to pay for a valuation extension.

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 have found a buyer, and they're buying more shares than you already own as part of the purchase, an in-date valuation is required up until the point the sale completes. If your valuation expires during this time, provided the original valuation was in date at point of reservation, Clarion will cover the cost of the first valuation extension up to the value of £180.

Should your post code not be covered by the surveyors on our panel you can visit the RICS website to find an independent RICS-registered surveyor in your area.

• When using a valuer outside of our panel, if you don't complete your sale before the original valuation expires, Clarion will cover the cost of the first valuation extension up to the value of £180.

If you decide to sell your home, but don’t own 100% of it, then we’re required to search for a suitable buyer within the nomination period (four weeks).

After this time, you may continue to list your property for sale with Urban Moves. Or you can list your property with Countrywide Shared Ownership or an estate agent.

In certain areas there are additional restrictions on who can buy a home with shared ownership. This usually affects properties in designated protected areas, where only people with connections to the local community are able to buy.

There may also be a restriction on the amount a buyer can purchase if they can afford more than the share you own. Further details on this can be found in your lease.

You can start looking for another home as soon as you decide to sell. We recommend you avoid putting in an offer on a home until you have a buyer in place for yours to avoid any unnecessary pressure.

When you apply to sell your shared ownership home your rent and service charge account must be up to date and remain so throughout the process.