Selling your shared ownership property
Your shared ownership leasehold property comes with some rules about selling, which help us to ensure that it is sold to somebody in a similar position to you when you first purchased with us.
If you are looking to sell your LiveWest shared ownership home, contact our team by calling 01392 814 637 or email us at firstname.lastname@example.org
(Step 1:) Choosing a valuer and the valuation process
- We can talk you through the process and you can use our guide for reference.
- We will check for a copy of your lease and EPC on receipt of your completed valuers instruction, so that we can check these details prior to your property going to market. If you do not already have an EPC, you will need to order one. You can check if you have one here and find a provider.
- Please let us know your property details and which valuer you would like to instruct by completing this form.
- The valuer you have chosen will be in touch to arrange an appointment. Following that appointment they will provide the full valuation report to LiveWest.
This will then be checked by us prior to sending out confirmation to proceed. (This will contain finer details regarding your valuation and lease).
(Step 2:) Choose an estate agent and the marketing process
- When the valuation is in place, you will need to choose and instruct an estate agent. You can use our guide for reference.
- Please let us know what estate agent you have chosen by filling out this form here.
- When your property is live on your estate agent’s website, LiveWest will also list your property on Help to Buy free of charge.
- LiveWest will contact potential buyers (sent from your agents) and send them an application form to complete and apply for the property.
- Once we receive a completed application, we will let you know.
Your estate agent is still free to conduct any viewings during this time until a buyer has been assessed and offered. We will always try and give you formal decision as soon as we can however this can take up to 10 working days.
(Step 3:) Choosing a solicitor and the legal process
- You will need to tell us which solicitor you will be using, when you receive a formal confirmation of offer by phone and by letter or email. You can use our guide for reference. If you are the buyer, you will also need to pay a £500 reservation fee.
- You will need to provide your solicitor with formal instructions and payment for any fees to avoid any delays. The buyer’s solicitor will ask for you to pay fees for searches. The seller’s solicitor will ask you to pay fees to answer enquiries, such as LPE1s or HME1s, sometimes known as management packs, and ESW1s.
- Please contact your solicitor directly to get a breakdown of the fees applicable to you. During the legal process, the seller’s solicitor and the buyer’s solicitor will be in touch with each other regularly. Stay in touch with your solicitor regularly to ensure that you are aware of the progress.
- A completion date will be agreed between the solicitors. Please let your solicitor know if you have any specific dates in mind.
You can search for RICS valuers, estate agents and solicitors online, and you can use our guide to Staircasing and Resales for guidance.
Here is a link to some common FAQ's that might help you more
We would love to hear about how your experience was through the process of selling your shared ownership home. Please email us at email@example.com to share your experience.