When the time comes for you to sell your home, if you are a shared owner you will need to obtain a RICS valuation and let us know the name of the estate agent you are marketing your home with. We will also put the details of your home on our website so that any potential customers will see it.
If you are struggling to sell your home, then after six months you can apply to us to sell the property’s full shares even if you only part-own. This is known as ‘back-to-back staircasing’.
By keeping us up-to-date with your plans for selling your home we may even be able to help you find a buyer, by marketing your property for free on our website and the Help to Buy website.
Once the sales process begins, your solicitor will be in contact with us to let us know how the sale is progressing and to settle any outstanding payments that may be on your account before the sale can be finalised. Once the sale has gone through, we will update your account, and set up a new one on behalf of the new owner.
If you’re not sure about any aspect of the resale of your Shared Ownership home, we can check important documents – like your lease – for you, and guide you through the sale of your home.
For further advice, you can contact us here.