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How to Sell your Shared Ownership Property

St. Francis Close

What do I do if I want sell?

You can sell your share at any time but you must tell us that you want to move. Your lease may contain certain sections that mean we can put forward a buyer. You will also need to have your property independently valued to find out the sale price of your share.

You can buy all the remaining shares in the property yourself and then sell the property outright, unless you live in a rural area and are not allowed to buy 100% of the shares.

You will benefit from any increase in the value of the share that you own but you must be aware that you will also be affected if the value of your share falls.

Under the provisions of your lease you are responsible to pay all fees associated with the sale of the property such as your solicitors fees, estate agents costs and home information packs.

For further claification please contact the home ownership team by calling our contact centre on 08000 461600  or email us on homeownershipteam@erimushousing.co.uk

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