Selling your Shared Ownership home

Thinking of selling your home? Our specialist team will support you every step of the way as you look to sell your Shared Ownership property.

Step 1 – let us know that you’d like to sell

Get in touch with our team via sales@ovh.org.uk to let us know that you are interested in selling your Shared Ownership home.

You’ll need to complete an Intention to Sell Form, before moving on to Step 2.

Step 2 – get your home valued

You will need a valuation report from an independent Royal Institute of Charted Surveyors (RICS, FRICS or MRICS) qualified surveyor to determine the current market value of your home.

The valuation must be for the full value of your home, and from that, we’ll work out the value of your share. For example, if you own 50% of your home and the valuation is £150,000, then the value of your share will be £75,000.

If you are struggling to find a RICS qualified surveyor in your area, please get in touch with us and we will do out best to help.

Step 3 – market your home

Once all parties are happy with the valuation, you can instruct an agent of your choice who our Sales and Home Ownership team will work with to approve a buyer. We will also share our Selling Guide with your estate agent.

If you are struggling with who to instruct, we can happily signpost you to specialist Shared Ownership agents. In addition to their fees you will also be responsible for OVHs legal and admin fees. 

Step 4 – instruct your solicitor

You’ll need to appoint your own solicitor to act on your behalf for the sale of your home. Your estate agent (or One Vision Housing, if we’ve found a buyer) will issue a memorandum of sale to solicitors, which will explain what the property is being sold for, the percentage share, rent etc. This will also give expectations around when the sale should occur by.

Step 5 – moving on

Your solicitor will keep you updated on the sale progress, the fees they require and agree the sale completion date.

Prior to any move, you’ll need to be up to date with rent and service charge payments.

For further information, our team are also on hand to offer advice and guidance, so please get in touch if you have any queries.