Resales

All about selling your home
and how it works

When the time is right to move on, we’re here to help you through the process of selling your shared ownership home. This is known as a resale: you sell your share to another buyer, while we keep our share. You can sell your home at any time.

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We’ll market your home for you.

We want to make the resale process easy for you. To help find a buyer for your share, we’ll advertise your home. If after eight weeks we haven’t found a buyer, you’ll also be able to market your share on the open market. There is a minimum resale fee of £500, and the final amount will be determined by the terms of your lease.

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How is the value worked out?

When choosing to sell your home, it must be sold at the current market value. This is determined by an independent RICS qualified surveyor from settle’s panel. We’ll ask you to pay for the valuation, and you’ll receive a report which explains how the valuer came to their decision about how much your home is worth.

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Do I need a solicitor?

Yes, you will need to instruct a solicitor to manage the legal process of selling your home. As all shared owners are leaseholders, you’ll be required to pay for a leasehold pack which will be provided to your solicitors so they can answer any enquiries raised by your purchaser’s solicitors.

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Buyer eligibility

Who can buy your share?

  • The buyer must have a gross household income of no more than £80,000 per annum.
  • They must be unable to purchase a suitable home on the open market (100% ownership) to meet their housing needs.
  • They must not already own a home, or will have sold their current home.

Thinking about selling your shared ownership home?

If you’re ready to move on, simply fill out this enquiry form

Enquiry form
Settle Sales