Affordable home owners sometimes sell their 'Discounted for Sale' or 'Shared Ownership' property.
If you wish to sell your home, you must notify the Housing Registrations Team (as the Registered Provider who manages or owns part of the property).
Selling Discounted for Sale properties
Discounted for Sale properties must be:
- sold at the same discount percentage at which they were bought
- sold to someone who is unable to afford a home on the open market
Sellers will receive a proportion of the rise, or fall, in value based on the original discount percentage.
We strongly advise that you seek legal advice about marketing discount sale properties to ensure that you follow the correct process.
Selling Shared Ownership properties
If Shared Ownership properties are sold on, the proceeds are split according to the percentage you own. For example, if you own 25% of the property and that percentage is worth more than you paid, you will benefit from the increase minus any cost involved in the sale.