|Selling your home|
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.
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.
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).