Selling your home

Anyone who owns shares in a shared ownership property is eligible to sell it on but you’ll only receive the value of the shares you own- unless you staircase fully and sell on the whole property.

Before proceeding with the sale, your property will be valued by one of our recommended valuation companies, so we can make sure the property is sold at a fair and current market price.

The best option for selling on your property shares depends on your particular situation.  

If you’ve done a lot of work on your property and made improvements that would significantly improve the resale value, it can be worth purchasing the remaining shares and then selling the property outright, to make sure you’re getting the most out of your sale. 

If your home is in the same condition as when you purchased your shares and you haven’t invested much money into it, other than general upkeep, then it makes sense just to sell on your current shares as they are.

If you wanted to sell 100% of the shares in your home, you’d need to purchase the remaining shares first. 

This can be done by buying the remaining shares and selling simultaneously to the buyer.   The money for the remaining shares would then come from the buyer.  This is known as back-to-back staircasing.

If you would like any further information about this please get in touch on 0345 60 20 540.

Your estate agent can advise you on this and can try to sell in various different ways for you.

If you’re selling your property on as a shared ownership property, the new buyer will need to meet our shared ownership eligibility criteria. You can find that in our shared ownership FAQs.

Your estate agent should know this and will help you find a buyer that fits.  

If there isn't much time left on the lease, you can staircase to 100% and buy the freehold of property. Take a look at our Staircasing webpage for more information.

For queries on your particular situation, you can email resales@midlandheart.org.uk