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Selling your home

If you want to sell your home or sell your share, you will need to call our sales team on 0300 2000 116 or email them on sales@wandle.com.  

If you want to sell your shared ownership home, you are required under your lease to let us market it for you. 

As a homeowner, you have the right to sell your home. If you want to sell your shared ownership home, you can do one of two things: 

  • sell only the share you own. This means the buyer will own only your share and we will still own the rest of the property. Selling your share is called ‘assigning’. 
  • sell 100% of the property. This means the buyer will own 100% of the property rather than just a share in it. To do this, we allow you to use the sale of the whole property to increase your share to 100% and then you sell that share on the same day. Of course, you will only get a percentage of the money from selling the property, depending on the share you owned. We will get the rest. Buying more shares is called ‘staircasing’. So, this process is called ‘Staircase assignment’. 

Get your home valued

When you arrange the valuation, you need to make sure it is done by an independent Chartered Surveyor, registered with the Royal Institute of Chartered Surveyors, who is not linked to an estate agent or lender.  

Tell the surveyor about any improvements you have made and ask them to give you two valuations: one valuation taking into account your improvements and one not.  

The valuation is valid for three months, which means the sale must be completed within this time, otherwise you will need to pay for another valuation.  

Confirm whether you want to sell

Once you have received your valuation and you have decided you want to sell, let us know in writing. Your shared ownership lease sets out a timescale – usually 6 to 8 weeks – within which we can find potential buyers. If we don’t find a buyer within this timescale, you can put your home on the market with an estate agent. You will be responsible for their fees.  

Accepting an offer

You must not accept an offer that is less than the valuation given by the surveyor. When you have accepted an offer, write to us giving us the name and full address of your solicitor. We will then contact our solicitor, who will deal directly with your solicitor. 

What are the costs?

  • We charge a resale fee of 1% of the full market value plus VAT, unless otherwise stated in your lease. This covers the marketing, administration and our legal costs of selling your property. 
  • You will need to provide an Energy Performance Certificate (EPC). A survey by an assessor must be in place before we can begin to market your property and a copy must be sent to us within seven days of marketing starting. It’s worth checking to see whether you have a valid copy from your initial purchase before instructing an assessor. Visit https://www.gov.uk/buy-sell-your-home/energy-performance-certificates for more information.