If you’re selling a shared ownership property in UK, you might be wondering where to begin, how the process works, and what steps to take to ensure a smooth sale. Shared ownership homes offer an affordable way to get on the property ladder, but when it’s time to move on, the selling process can feel more complex than a standard property sale.
This article simplifies everything for you. We’ll answer common questions like how do you sell a shared ownership property, can you sell a shared ownership property, and guide you through the step-by-step process — all in plain English.
✅ What Is a Shared Ownership Property?
Before diving into the selling process, it’s essential to understand what a shared ownership home is. This type of ownership property allows you to buy a portion (usually between 25%–75%) of a home and pay rent on the remaining share, typically owned by a housing association. It’s designed to help first-time buyers and lower-income households get onto the property ladder.
You can eventually staircase — buy more shares — or sell your share when you’re ready to move
🏠 Can You Sell a Shared Ownership Property?
Yes, you can sell a shared ownership property in UK. Whether you own 25% or 100% of your home, you’re allowed to sell it. However, there are specific procedures involved, especially if you’re still co-owning it with a housing association.
If you own 100% of the property, you can sell it like any regular home. If not, you’ll usually need to give your housing association the first right of refusal — a chance to find a buyer during a set nomination period (typically 8–12 weeks).
🛠️ How Do You Sell a Shared Ownership Property?
The process for selling shared ownership differs slightly depending on how much of the home you own. Below is a simplified breakdown:
1. Contact Your Housing Association
Reach out to your housing provider and inform them of your intent to sell. They’ll likely require a formal valuation by a RICS-accredited surveyor, which you’ll need to pay for.
2. Get Your Home Valued
The value of your share will be based on the market value of the full property. For example, if your home is valued at £200,000 and you own a 50% share, you’ll market your share for £100,000.
3. Marketing Period
The housing association will usually have 8 to 12 weeks to find a buyer. During this time, they’ll advertise your shared ownership property through their own platforms or partnerships.
4. Finding a Buyer
If your housing association doesn’t find a buyer in the allotted time, you’re typically allowed to sell your share on the open market through an estate agent. However, the buyer must be eligible for shared ownership and approved by the housing provider.
5. Conveyancing and Legal Process
Once a buyer is found, legal proceedings will begin. You’ll need a solicitor experienced in shared ownership sales. The buyer’s solicitor and your solicitor will handle contracts, leasehold checks, and transfer of ownership.
💡 Tips for Selling a Shared Ownership Home Quickly
To boost your chances of selling faster and at a fair price:
- Ensure your home is well presented: Declutter, clean, and carry out small repairs.
- Gather all documents early: Lease, valuation, energy performance certificate, etc.
- Promote your home online: Use Rightmove, Zoopla, or estate agents familiar with shared ownership homes.
- Be realistic with pricing: Stick close to the professional valuation to avoid putting off buyers.
📋 Costs Involved in Selling a Shared Ownership Property
When selling a shared ownership property in UK, expect to pay:
- RICS valuation fee: £150–£400+
- Housing association admin fees: Varies (check your lease)
- Solicitor/legal fees: £500–£1,000+
- Estate agent fees (if applicable): Usually 1–1.5% of sale price
These costs are essential to factor in so you’re financially prepared for the process.
🔁 Can I Sell After Staircasing to 100%?
Yes, if you’ve staircased to full ownership, you can sell your home on the open market like any traditional property. There’s no need to go through the housing association. However, some leases still give the association first refusal rights for a period — so double-check your agreement.
🧾 Important Documents You’ll Need
- RICS valuation report
- Lease agreement
- Energy Performance Certificate (EPC)
- Proof of ID and address
- TA6 Property Information Form
Having these ready will speed up the sale and prevent delays.
🔍 Common Questions About Selling Shared Ownership Properties
❓ Who Is Responsible for Finding a Buyer?
Initially, your housing association. If they can’t, you’re free to find your own buyer, provided they meet eligibility criteria.
❓ Do I Need Permission to Sell?
Yes, especially if you’re still part-owning the home. Always notify your provider first and follow the set procedures.
❓ Can I Sell to a Family Member?
Potentially, but they must qualify under shared ownership rules and be approved by your housing association.
🌐 Where to Get Help
There are many organizations and solicitors specializing in ownership property sales. You can also check out:
- Gov.uk: For official shared ownership guidelines
- Housing association websites: Like Clarion, Orbit, or Peabody
- Shared ownership property estate agents
Final Thoughts
Selling a shared ownership property in UK can feel complicated, but with the right preparation and understanding of the process, it doesn’t have to be. Whether you’re wondering how do you sell a shared ownership property or can you sell a shared ownership property, the answer is yes — and this guide gives you the roadmap.
By following the correct steps and working closely with your housing association, you’ll make the process quicker and less stressful. Just remember to stay organized, realistic, and informed every step of the way.
Want to sell your shared ownership home quickly and easily? Reach out to experienced estate agents or your housing provider today and take the first confident step toward your next home.