Selling your shared ownership home

If you’re looking to sell your Latimer shared ownership home, find out how the process works, and the costs involved.

How selling a shared ownership home works

Selling your shared ownership home is similar to selling any other property.

The main difference is that we must first try to find a buyer who is eligible for shared ownership.

Your nomination period explained

Your lease includes a nomination period. On some shared ownership leases the nomination period is eight weeks and on others it's four weeks.

During this time, we have the right to find a suitable shared ownership buyer for your home.

We work with Urban Moves, a specialist shared ownership agent, to help find eligible buyers.

Nomination periods can vary depending on your lease. In some cases, if a buyer is not found within the first four weeks, we may choose to end the nomination period early.

What happens if no buyer is found?

If we don't find a shared ownership buyer during the nomination period:

Your home can continue to be marketed by Urban Moves.
It can be advertised as both shared ownership and full ownership (100%).

This wider marketing approach helps attract more potential buyers.

Selling on the open market

Once your nomination period ends, or if we waive our rights, you can sell your home on the open market at full ownership (100%).

Estate agent options – our trusted partner Countrywide

We recommend using our trusted partner, Countrywide Shared Ownership.

They offer:

A full estate agency service.
Access to more than 900 high street branches.
Expert knowledge of shared ownership sales.
Competitive fees and full support throughout your sale.

Their experience can help you reach more buyers and achieve the best possible outcome.

You're free to choose another estate agent if you prefer.

Considering a Lease Extension?

If you decide to extend your lease, doing so alongside your sale may help make the process more straightforward.

If you choose a valuer from our approved panel, Copeland Yussuf or McDowalls can carry out both your resale and lease extension valuations. In some cases, they may offer a discounted fee when both valuations are instructed at the same time. Any discount is offered at the valuer's discretion, so please contact the valuer directly to discuss availability and pricing.

If you are planning to sell your home and extend your lease at the same time, please let your Resales and Staircasing Executive know so they can support you throughout both processes.

To find out more about the lease extension process, please visit our dedicated Lease Extension page.

Alternatively, you can contact the Lease Extensions team by emailing leaseextensions@clarionhg.com or calling 0300 100 0301.

Shared ownership resale next steps

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.

View our panel professionals

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.

Check Your Lease Term Before You Sell

Before selling your home, it's important to check how many years remain on your lease. If your lease has less than 80 years remaining, it can make your property more difficult to sell, reduce its value, and limit buyers' mortgage options. You may therefore wish to consider extending your lease alongside, your sale.

You can find the remaining term by checking your lease. Your lease term will be calculated from the lease commencement date shown in your lease, which may not be the date you purchased your home. If you no longer have a copy of your lease, you can download one from HM Land Registry.

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.

Useful links

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’.

*Royal Institute of Chartered Surveyors (RICS)

Things to know about reselling

Answers to questions about selling your shared ownership home, plus valuations and staircasing.

Surveyors and valuers

Allied Surveyors and Valuers – chartered surveyors and valuers, with local knowledge, throughout England.
Copeland Yussuf Chartered Surveyors – chartered surveyors and valuers specialising in Shared Ownership and Affordable Housing.
Frazers Surveyors – chartered, general practice valuation and building surveyors.
Mirus Surveyors – residential and commercial chartered surveyors.
McDowalls – Estate Agents and Chartered Surveyors situated in East Ham, London.

Quote 'Latimer' when making your enquiry.

What selling services are provided?

	Countrywide	Urban Moves
Match with a trusted local estate agent	✔
Professional photos and floorplans	✔	✔
High quality property particulars	✔	✔
Property portal advertising Example: Share to Buy, Rightmove, Zoopla, On The Market, Prime Location	✔	✔
Social media marketing	✔	✔
Enquiry handling	Supporting your estate agent	✔
Buyer screening	Supporting your estate agent	Checking applicant eligibility prior to viewings
Hosted open days and viewing events	✔ Fully supported	✔*
Shortlist of eligible nominees	✔	✔
Prioritisation and nomination of a buyer	Supporting your estate agent	✔
Collate buyers documentation signed off by a financial advisor	Supporting your estate agent	✔
Liaison between parties and final handover arrangements	✔	✔
Production and issuing of memorandum of sale to all parties involved	Supporting your estate agent	✔
Provide dedicated liaison for vendor and buyer	Supporting your estate agent	✔
Keys hand over service	Supporting your estate agent

*Properties in less demand will benefit from Urban Moves' Viewing Scheduling Service. Appointments will be arranged for individual applicants to view directly with you.