What you need to do if you decide to sell your shared ownership property
Firstly, you must contact us to let us know in writing, that you wish
to sell your share in the property to enable us to market it for you.
Your lease states that Yarlington Housing Group has the right to
nominate a suitable buyer to purchase your share should you decide to
Prior to us commencing any marketing we will require the following information from you:
- Letter confirming your decision to sell your share in the property
- Property valuation carried out by RICS qualified surveyor
- Energy Performance Certificate for the property
- Photographs (both internally and externally) emailed to: firstname.lastname@example.org
- Your contact details so that any viewings can be arranged
- Administration fee (this can be paid by cheque - payable to Yarlington Housing Group or by debit card over the phone)
- Full list of applicable charges is published below
Please note that the asking price is set by the RICS valuation.
There is a 6-week time period from receipt of your formal
authorisation to sell during which we will attempt to find a suitable
buyer for the property.
If we have an interested party we will contact you to pass on their
details so that you can make contact with them and arrange a convenient
time to viewthe property. We will not give out your telephone number
unless we have your permission to do so.
If a sale is agreed and proceeds to exchange of contracts, you will
receive an invoice for selling the property which will be payable to
Yarlington Housing Group within 14 days from the date of the invoice.
(This only applies when YHG have nominated a buyer).
If we have not been successful in finding a buyer we will give you
the authority to market the property through an estate agent of your
Please ensure any estate agent nominated knows it is a
shared ownership property which is being sold, and that there is rent to
be paid on the property as well as a mortgage. Any purchasers will be
required to complete our application form which we will assess to ensure
that they meet both our financial and eligibility criteria for the
purchase of a shared ownership property. The outcome will be confirmed
to you as to whether the sale can proceed. Also the buyer will be
required to register with our Homebuy agent, Help to Buy South West or
Help to Buy South, depending on geographical location of the property.
When an offer on the property has been accepted and solicitors
appointed, Yarlington Housing Group must be advised in writing as
- The value of the offer accepted
- The Seller’s solicitor details
- The Buyer’s solicitor details
Description of charges
Description of charges (unless otherwise stated in the Lease)
Administration marketing charge relating to liaison with seller,
uploading property details, mail out to applicants, dealing with general
enquiries, application assessments
Fee for selling property
(only applies when YHG nominates a buyer - payable on completion)
1% of sold equity
Answering solicitors Leasehold enquiries:
Notice of Assignment
Notice of Charge
Copy of Lease