When you part-own a HomesHub home, Plus Dane (our partner development company) will be your landlord for the duration of the time you’re paying rent on your property. Therefore, just like any other landlord, it’s important that you let us know if you’re intending to sell your home at any time, so we can be kept informed and help you find a suitable buyer for your property.
If you originally purchased your home with the Shared Ownership scheme and don’t own 100% of your property at the time of sale, you can go about selling your home in 2 ways:
• Find a qualified Shared Owner to sell your home to; or
• Staircase fully (buy all remaining shares in your home), at which point you’re able to sell your home on the open market with no restrictions.
As your property partner, HomesHub will need to be kept up-to-date with your plans for selling your home – we may even be able to help you find the perfect buyer for your property by marketing your property for free on our website and the Help to Buy North West website.
Once the sales process begins, your solicitor will be in contact with us to keep us informed about how the sale is progressing, and to settle any outstanding payments that may be on your account before the sale can be finalised. Then, once the sale has gone through and your home now legally belongs to someone else, HomesHub will then update your account and will set up a new account on behalf of the new resident.
If you’re not sure about any aspect of the resale of your Shared Ownership home, HomesHub are here to check important documents like your lease on your behalf, and can seamlessly guide you through the sale of your home. For further advice, you can contact us here.
Alternatively, to learn more about how you can sell your Shared Ownership home, why not download our free booklet here