Selling your Shared Ownership home

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Overview

Selling your shared ownership home is sometimes called a resale.

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Selling your shared ownership home

Selling your shared ownership home is sometimes called a resale.

You will need to email the Leasehold and Service Charge team: servicechargeleasehold@jigsawhomes.org.uk so that we can commence the process and issue the initial paperwork.

You will then need to choose a local estate agent to advertise your property for sale on the open market. As the sale progresses, we will provide information regarding the process that can be passed on to your estate agent and any potential purchaser(s).

The costs involved

Whilst this list is not exhaustive, the below is a list of potential fees you may incur as part of your sale.

  • Valuation; When you sell your home, you must get it valued by a RICS (Royal Institute of Chartered Surveyors) accredited surveyor. A copy of the report is to be sent to Jigsaw Homes. We will be required to advise any purchaser(s) of the market value of the share they are purchasing based on this valuation.
  • Energy performance certificate.
  • Your own solicitors fees.
  • Any fees due as per our Additional Administration Fees can be found here →
  • Your lease may contain clauses regards a percentage of the sale price and/or full market value of your property being due on completion of any sale. In this instance, these fees will take precedence over Jigsaw’s additional admin fees.
Eligibility

Any shared ownership buyers will need to confirm eligibility for the shared ownership product. They will also be required to complete an assessment to confirm that any purchase is affordable and sustainable.

Your property may also be subject to local authority or age restrictions which any buyer(s) will also need to meet.

Lastly, there are additional resale policies relating to eligibility and the assessment process that any buyer(s) will need to adhere to. These policies can be found here →

Resales are dealt with by our Leasehold team, for further information, please email: servicechargeleasehold@jigsawhomes.org.uk

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Jigsaw Homes Group Limited

Head Office: Cavendish 249, Cavendish Street, Ashton-under-Lyne OL6 7AT

Leigh Office: Turner House, 56 King Street, Leigh WN7 4LJ

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