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How to sell my Shared Ownership home?

What does resales mean?
The sale of a Home Reach Shared Ownership home is known as a resale.

All Home Reach Shared Ownership leases include specific terms around selling, as the scheme is intended to help as many people as possible into affordable home ownership. 

What is a nomination period?
Your lease includes something called a 'nomination period' which is the period of time for which your property can only be marketed for sale to buy through 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.

Does resales work differently if I purchased my home through Your Home?
Your Home Shared Ownership scheme properties use a different lease so the nominations period doesn't apply. Your Home properties go straight on to the open market as a standard outright sale. 

What should I do if I want to sell my Shared Ownership home?
If you wish to sell your Home Reach or Your Home 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 selling for Your Home customers

Selling your Your Home property

Enquire to sell your Your Home property

Process of selling 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.

  • 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 or Your Home, heylo charge an admin fee of £450 + VAT = £540, which will be deducted on completion. 

I want to start the process of selling my home

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