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If the time has come for you to sell your home, whatever the reason - you have two options when it comes to selling your Shared Ownership property.
Depending upon the terms of your lease, we may be able to offer you the option of marketing your home for outright sale as well as shared ownership. Thereby increasing the number of potential purchasers.
This would involve you staircasing your property up to the desired percentage to allow you to sell the share agreed with your buyer. Both the staircasing and sale will happen simultaneously, and funds for the additional share will come from your buyer.
Please note that for this type of transaction a RICS Valuation reflecting the agreed sale price will need to be provided, and you should take legal advice on any Stamp Duty payments that may be required of you.
**Please contact us and we will be able to confirm if this is an option available to you **
Should a potential purchaser be found through either Platform or an estate agent, we will need to confirm their suitability for our shared ownership scheme and any local connections that your property may be subject to.
The potential purchaser will need approval by the relevant Help To Buy Agent.