Leaseholder

Where this is only in terms of shared facilities such as sewerage services it may be beneficial to advise us so that we are able to assist with legal enquiries regarding the terms of the property lease.

Low Cost Homeowner

If you are a Leaseholder, in the first instance you need to contact your local authority Enabling Team who will talk you through the procedure of selling your property. If you are unsure please contact us on 01568 619640.

Shared Owner

As a Shared Owner it is essential that you write and tell us first. With some Shared Ownership leases we have to ask the local authority to choose a buyer from their waiting list and advertise via a Choice Based Lettings Scheme before you can sell your property on the Open Market. Check with your Solicitor what your lease says.

Write to Clare Bryan, Marches Housing Association, Benedict Court, Leominster, Herefordshire, HR6 0QF.

As a Shared Owner how much you get will depend on how much the property is valued at. For example, if your property is valued at £40,000 and you own half (50% share), you will get £20,000 (less fees and expenses).

You may need to obtain a valuation by a RICS qualified, independent valuer before you can sell your share depending on your individual lease, this will be advised to you when we reply to your initial letter. The valuation will decide the price you will get for your part. Check with your Solicitor what your lease says about valuations. The valuation will take into account any improvements you have made to the property, for example, new windows or a new kitchen, as long as you have obtained our written permission before carrying out the work.

Anyone who wants to buy your part will have to go through the Shared Ownership assessment process before you can accept an offer off them. Marches will inform you once they have passed this stage.