Heylo shared ownership resales

How to sell my Shared Ownership home?

The sale of your shared ownership home is also known as a resale.

All shared ownership leases include special terms around selling, as the scheme is intended to help as many people as possible into affordable home ownership. This means if you are a heylo shared owner and would like to sell your home, you should first contact heylo as we must be given the opportunity to find a new shared ownership buyer on your behalf.

Your lease includes something called a 'nomination period' which is the period of time for which your property can only be marketed as shared ownership. You should check your lease to confirm the length of the nomination period for your property and confirm any other requirements that might be in place. However, if a shared ownership buyer is not found within the nomination period, you will be able to market your property at 100% and sell on the open market.

If you wish to sell your shared ownership home, the first step is to contact our Resales team at [email protected]

Find out more about resales for Home Reach customers

Selling your Home Reach property

Home Reach Resales Application Form 

Process of selling your Home Reach property

Enquire to sell your Home Reach property

Find out more about resales for Your Home customers

Selling your Your Home property

Your Home Resales Application Form

Process of selling your Your Home property

Enquire to sell your Your Home property

How much will it cost to sell my property?

As with the sale of any property, there are costs involved that are your responsibility to cover. Below is a list of the potential costs of selling, but please note this list may not be exhaustive.costs of selling, but please note this list may not be exhaustive.costs of selling, but please note this list may not be exhaustive.costs of selling, but please note this list may not be exhaustive.

  • RICS valuation – according to the lease terms, you are responsible for the cost of obtaining a valuation and any updates or extensions if required
  • Agent fees – you are responsible for covering any and all estate or sales agent fees, including withdrawal fees
  • Solicitor fees – you are responsible for covering both your own solicitor fees and heylo's solicitor fees, including disbursements
  • Management company fees – The fees charged by management companies for completing management packs/LPE1 vary considerably.  You are advised to look on the management company website or contact them to confirm how much the fees are and what they cover.  The cost of the management pack is down to either the seller or the buyer to pay.
  • Mortgage fees – you are responsible for covering any mortgage fees incurred
  • Administration fee – if you bought your home with Home Reach, heylo charge an admin fee of £450 + VAT = £540, which will be deducted on completion. If you use Urban Move to sell, the admin fee will be £200 + VAT = £240. If you bought your property with Your Home, heylo charge an admin fee of £540 inc VAT, which will be deducted on completion. 

*The data protection laws protect your rights when organisations hold or process personal information about you. heylo housing group collects personal information about you that you submit via this website. heylo housing group will hold and process personal information that you have provided or will provide in the future to perform the functions of heylo housing group. heylo housing group relies on the ability to collect and process your personal information that you submit via the website in order that heylo housing group can support you in your property search. heylo housing group are required to keep this information secure and to process it in accordance with the data protection laws. heylo housing group may share your information with third parties in relation to the administration of your application and contractual arrangements, including professional advisers, property vendors and other agencies supporting heylo housing group for the purposes of assisting you in your property search and other service providers. 

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