Selling your home
If you’re looking to sell your Latimer shared ownership home, find out how the process works, and the costs involved.
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 to search for a suitable buyer. They’ll be someone who also requires the assistance of shared ownership.
We work closely with a specialist shared-ownership consultancy called Urban Moves. Your lease agreement sets out the key requirements to be aware of before selling, and this includes an obligation (a nomination period) to allow us, working alongside Urban Moves, the opportunity to find a buyer for you.
On some shared ownership leases the nomination period is eight weeks and 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 shared ownership buyer is not found within the nomination period, Urban Moves may continue to market your property as shared ownership, but also list the property for 100% open market sale. This dual marketing (on the open market at 100% value and as shared ownership) it opens up to a wider buyer pool. You'll also still benefit from the cost saving on your fee. Unlike traditional estate agents Urban Moves' fee is based on your share percentage, whether a buyer is found for 100% sale or your share. Alternatively, you may instruct a traditional estate agent.
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.
We work with a specialist shared ownership consultancy, Urban Moves, to market homes during the nomination period. They're an independent consultancy specialising in shared ownership resales.
View our administration fees table
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’.
Surveyors and valuers
- Frazers Surveyors – chartered, general practice valuation and building surveyors.
- Ian Cutts Associates – chartered surveyors, valuers and property consultants.
- Mirus Surveyors – residential and commercial chartered surveyors.
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Copeland Yussuf Surveyors - chartered surveyors, valuers and property consultants.
Quote 'Latimer' when making your enquiry.
What selling services are provided?
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Urban Moves |
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Professional photos and floorplans |
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High quality property particulars |
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Property portal advertising |
✔ Share to Buy, Zoopla, On The Market, Prime Location |
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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 |
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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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Liaison between parties and final handover arrangements |
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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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*Properties in less demand will benefit from Urban Moves' Viewing Scheduling Service. Appointments will be arranged for individual applicants to view directly with you.