Selling your Shared Ownership home FAQs

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I want to sell my home

Ready to move onward, upward or buy another home from us?
With Shared Ownership you can. We’re here to help you sell your home.

I’m ready to sell

If you think now is the right time to sell your home then get in touch with our team. All you need to do is complete a couple of forms and provide us with your EPC (Energy Performance Certificate) & RICS (Royal Institution of Chartered Surveyors) evaluation. If you haven’t got either of these, just ask and we can help. From there, we’ll do the rest.

How long does it take?

In most cases, we’ve got an 8 week nomination period to find a buyer for your home from the moment we put it on the market. If you think now is the right time to sell your home then get in touch with our team and we’ll start the ball rolling.

What’s the cost of selling my home?

It’s usually around 1.5% + vat of the agreed sale price of your share when we have sold it. Just ask though and we’ll let you know.

What service is provided for the sale fee?

Our team work hard to market and help find a buyer for your home. We produce all the marketing materials, this includes website uploads, advertising through social media, mail shots and calls to potential buyers we know of. Our team are on live chat most of the time too, so if people are interested, we’re right there to give them the information they need. Once we find a buyer, we’ll do all the legal bits to make the sale happen. This includes: assessing and approving the buyer, responding to landlord enquiries and liaising with solicitors to progress the sale through to completion.

Why do I have to have a RICS valuation done?

It’s all part of the lease terms you have with us; we need a qualified RICS independent valuer to value your home so we know how much to put it on the market for. In most cases, we can put you in touch with an independent valuer. Just ask and we can let you know who.

Why do I need an Energy Performance Certificate (EPC)?

This lets the buyer know how efficient your home is energy wise. It’s a legal requirement, but a good thing to note is that if your home is less than 10 years old, then you’ll definitely already have one. If not, just ask.

Can I sell 100% of my home?

If we are unable to find a buyer within the nomination period, in most cases you will then be able to market the full 100% on the open market. Aster will receive their share of the sale price of the home on completion of the sale. Please note that higher legal costs may apply and there could be a stamp duty liability. Please seek advice from your solicitor.

I’ve found a home that I’d like to buy, how do I proceed?

That’s great, but before looking for a new property your current home should be under offer to avoid disappointment. Aster will make every attempt to sell your share as soon as possible, however we cannot confirm the time it will take to nominate a buyer.

On hand to help

A guide to selling

We’re pretty good at what we do. From the initial enquiry, through to the final sale of your home, our team are here to help. We’ll keep you posted along the way with how things are going throughout the journey, ensuring everything goes to plan.

1. Let us know that you want to sell

We just need you to provide us with a few bits and pieces to get the ball rolling.

2. Putting your home on the market

Once we’ve got the info, our team will produce the draft marketing details for you to approve. Then, we’ll exclusively advertise your home on our website as well as through the Help To Buy and Zoopla websites too.

3. Finding a buyer for your home

Our team work hard to find the right buyer for your home.We’ll liaise with you as soon as we have found an eligible buyer to discuss the next steps.

4. We’ve got a buyer, what happens now?

That’s amazing news. As soon as we have a buyer for your home, our team will work with the relevant parties to help the sale go through. This usually takes something like 12-16 weeks to complete and we’ll keep you posted as we go.

5. The rent and service charge bit

Whilst you’re still living at your current home, you’ll need to pay us the rent and any service charges until the day you move out. We’ll let you know the final amount to pay once we’ve got a completion date sorted.

6. Handing over the keys

When we know the final completion date, you’ll need to chat to your solicitor or the new buyer about handing over the keys to your home and anything else such as parking permits or garage keys for example.

7. What if we don’t sell in the nomination period

It’s unlikely, but if we don’t have a buyer lined up for you, then you can either leave it with us for a little longer to try and find one or speak to an estate agent to sell the home for you; in most cases they can either sell the share you own or the full property value.

Things You'll need

Important Forms

You will need to download the Intention to Sell and Property Informatons forms, complete them and return them to us.

There is also a handy photo guide to help you get som good snaps of your home.

Intention to Sell form

Property Information form

Send your forms to us

Photo guide

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