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.
How much will you sell your home 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.
What else do you need before you start the resale process?
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
Approving a Purchaser
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.