Shared Ownership Resales: Do I Have to Sell My Property Via Aster?

If you’re thinking about selling your shared ownership home, we’re here to help you understand what to expect and what you need to do next.

The way shared ownership resales are handled has changed. Aster has waived nomination rights, which means you can now sell your home on the open market through an estate agent of your choice. As a result, Aster no longer markets resale shared ownership homes.

We’ll still be involved at key points to make sure the sale meets your lease requirements and, where a share is being sold, that buyers are eligible for shared ownership.

You can read more about our Resales Policy here.

At a glance – what's changed and how does it work?

• Nomination rights are waived.
• You sell your shared ownership home through an estate agent.
• Your share can be advertised at a price you and your estate agent agree on.
• A RICS valuation is required prior to advertising with an estate agent as if a buyer is purchasing the 100% or an additional share from Aster, Asters shares are based on the RICS valuation.
• You can market your share, 100%, or both (subject to your lease terms).
• Aster carries out shared ownership checks only if a share is being sold.
• Aster’s completion administration fee is £240.

Selling a shared ownership property - how it works:

Let us know you intend to sell.

If you feel now is the right time to sell your home, please contact our team before instructing an estate agent. We will pass your details over to Keaze who will contact you to: 

• Confirm what your lease allows you to sell.
• Explain how the resale process works. 
• Let you know what information you and your estate agent will need. 

You’ll need to sell your home through either Keaze or an estate agent of your choice. An Energy Performance Certificate (EPC) is required. 

How long does it take?

Timescales can vary and depend on a number of factors, including:

• How quickly a buyer is found by your estate agent.
• Whether a share or 100% of the property is being sold
• Solicitors and chain complexity

As sales are now managed through estate agents rather than a nomination period, we’re unable to confirm specific timescales.

What is the cost of selling my home?

On completion of the sale, Aster charges an administration fee of £240. This replaces the resale fee stated in your lease, as nomination rights have been waived. 

Any estate agent fees, valuation fees or legal costs should be confirmed directly with your chosen providers. 

What service is provided in the fee?

Aster no longer markets resale shared ownership homes or finds buyers on your behalf. However, we’ll still:

• Confirm what your lease allows to your chosen estate agent.
• Provide required landlord and shared ownership documentation.
• Carry out buyer eligibility and affordability checks where a share is being sold.
• Support solicitors with landlord‑related enquiries.
• Issue completion figures once a completion date is agreed.

Your chosen estate agent will manage marketing, buyer communication and sale progression.

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?

Depending on your lease, yes. Some leases include restrictions set by the local authority, which may limit the maximum share that can be sold (for example, a restriction to 80% ownership). But we’ll confirm what your lease allows before you proceed.

If you are able to market and sell 100% of your home through your estate agent. This type of sale is known as a back‑to‑back sale and staircasing, where you staircase to 100% using the buyer’s funds at the point of completion. Legal fees may be slightly higher due to the staircasing element. Your solicitor can advise you on costs.

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

That’s great! Before committing to a new purchase, it’s usually best to have your current home marketed and under offer, to help avoid disappointment. As sales are managed through estate agents, timescales can vary, so we’re unable to confirm how long it will take to find a buyer.

Will Aster carry out buyer checks?

Only if a share is being sold. Buyers purchasing 100% do not require shared ownership eligibility checks.

Who manages the sales progression?

Your estate agent will be responsible for coordinating the transaction and keeping all parties updated.

For more information about shared ownership, read our helpful resources to find out what is shared ownership and how does shared ownership work.

Who are Aster?

At Aster, we're proud to offer beautiful new shared-ownership homes across the South of England and London. Our homes are perfect for those looking to make a great start on the property ladder and take advantage of all that this incredible area has to offer. 

Our aim at Aster is to find you a home, not just a house – and with our fab shared ownership approach, you can find a home in a lovely location that may otherwise be out of your reach, just get in touch!

Finding your dream home

Finding your dream shared ownership home is as simple as giving us a call and letting us walk you through the steps you need to take. With this guide and guidance from the team at Aster, we can try and make the process as simple as possible.

At Aster, we’re committed to making the process as smooth and stress-free as possible. We feature a range of shared ownership properties, each with its own unique characteristics and features. Our knowledgeable and friendly sales team are always on hand to provide expert advice and guidance, helping you to find your perfect shared ownership home. 

Whether you’re a first-time buyer or a seasoned homeowner, we’re here to help you every step of the way.

Find out more about shared ownership below

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