Your Shared Ownership home is just that – jointly owned between you and us, so when you’re ready to sell and move on, we’re here to help.
As part of your lease, we'll have 4 weeks to help you sell your Shared Ownership home, this is known as the nomination period. SNG offer two options for selling your home, so you can choose the best option for you:
Option 1 - Sell your home with SOWN
SNG have a partnership with SOWN estate agents, who are a specialist Shared Ownership team within LRG. SOWN understand the Shared Ownership market and will be able to advertise your home on the mainstream property websites such as Rightmove, Zoopla and On The Market, as well as the specialist Shared Ownership portal Share to Buy.
If you would like to proceed with this option, please let us know by email or phone and we will arrange for SOWN to make contact as soon as possible. For more information about SOWN, click here.
Please note, if you choose to sell your home with SOWN, then you will not need to serve the 4 week nomination period with SNG.
Option 2 - Sell your home with SNG
During the 4 week nomination period, we’ll advertise your home on our website and Share to Buy to help find you a buyer. If we haven’t found a buyer for your share, within the 4 week period, you will be free to advertise your home through either SOWN or an estate agent of your choice.
If you do sell with an agent, we'd recommend using an agent who is familiar with Shared Ownership as they will have experience and understanding of these types of sales.
If you would like to proceed with option 2, click here.
Selling a deceased estate
If you are the executor of the will of a deceased SNG shared owner there is a slightly process. To find out more information, click here.
FAQs
SNG will charge a maximum of 1% of the value of your share if we nominate a buyer. This fee is indicated in your Shared Ownership lease. You can read more about the fees structure here for if you decide to sell your home through an agent.
Before we can market your home, we’ll need to check your lease and any planning documents to find out if there’s any requirements which affect your sale.
This could be making sure any future buyer has a Local Connection to the area or is approved/nominated by your Local Authority.
We’ll also check to see how long is left on your lease and if there are any equity restrictions which may affect someone’s decision to purchase or ability to obtain a mortgage on the property.
When your advert goes live, we’ll let you know so you can see a copy of your finished advert on our website and Share to Buy.