If you want to sell your home you need to contact our Home Ownership Sales Team to discuss the process to follow that is applicable to your lease – some properties may have specific restrictions on selling or planning restrictions on who can buy (such as key workers or over 55’s)

You and your buyer will each need a solicitor to undertake the necessary legal work and arrange the transfer of the lease with our Home Ownership Team; you’ll also need to purchase a Leasehold Information Pack (LPE1) from us, which is a set of documents detailing the service charges, ground rent and maintenance obligations for the property, and will help buyers understand the ongoing costs and responsibilities associated with the property. If your property is on an estate managed by an external managing agent you may also need to obtain an LPE1 pack from them.

Selling as an outright leaseholder

As an outright leaseholder you are in control of the sales process; you can find a local agent to support marketing your property, and contact us once you’ve found a buyer to arrange the transfer of the lease.

When you have found a buyer you’ll need to request a Leasehold Information Pack from us (LPE1), which will give your buyers important information about the property and the lease. The covering letter with this will also tell you and your solicitor what we will need as the sale nears completion to be able to register your buyer as the new leaseholder.

Selling as a shared owner

As a shared owner, your lease will normally give us a right to nominate a buyer to purchase the share in the first instance, usually the first eight weeks after you tell us that you want to sell. This is known as the nominations period, and is there to try and maintain the property as affordable housing. If we are unable to nominate a buyer then you can also choose to advertise your home on the open market for the buyer to purchase outright.

When you’re ready to sell our Sales Team is available to help you explore your marketing options and explain what we will need specific to your circumstances. We’ll  ask you to complete a Notification of Intention to Sell form, and may need to arrange to get a RICS valuation of your home (which you will need to pay for).

If you are selling to a new shared owner they will need to meet the current eligibility and affordability criteria for purchasing as a shared owner, in the same way that you did when you first purchased.

How much can I sell for

If you are selling a shared ownership property it is a condition of your lease that you sell your share for the RICS valuation. You do not need to have staircased to 100%, and subject to any nominations period that you need to abide by, your buyer may still be able to buy the whole of the property even where you own a share through a back-to-back staircasing and sale.

How much will selling my home cost

You’ll need to budget for a Leasehold Information Pack, and a Resales Management Fee payable to Housing Solutions; you should also budget for any sales and marketing costs agreed with your sales agent, and your own legal feels to dispose of the property.