When the time comes to move on, selling your Shared Ownership home is known as a resale. Platform can support you selling your home - from marketing the property to finding the right buyer.
In the first instance, you'll need to obtain a written independent RICS valuation for both Platform’s and your approval.
The valuer must be RICS qualified or equivalent. This is a requirement of your Lease and will determine how much your share can be sold for.
The price of your share will be a percentage of the full market value. For example, if you own a 50% share and the full value of your home is £200,000, the sale price will be £100,000.
All properties advertised must have a valid Energy Performance Certificate (EPC). If an EPC has been carried out previously you may locate it at the following link https://find-energy-certificate.digital.communities.gov.uk/
If you want to know if this is an option for you, get in touch with us today at email@example.com
If you find a potential purchaser, either through Platform or an estate agent, we have to confirm their suitability for the Shared Ownership scheme, as well as any local connections that the property may be subject to.
Your purchaser will also need approval from Platform Home Ownership.
We will help you to instruct one of the UK's fastest-growing Online Hybrid Estate Agents, 99home, to assist you in finding a buyer for your share.
Once your Intention to Sell has been received by the Resales Team we will confirm receipt via email.
We will process your personal data in line with the data protection law set out in our privacy notice.