Cost of living survey
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After you have taken up shared ownership of your home, you may decide you no longer want to live there and you wish to sell the property. Under the terms of your lease you must obtain a market valuation from a qualified valuer and then offer the property to the council first. The council then has eight weeks to decide if we wish to buy the property back from you at market value.
Alternatively we may provide you with details of a council nominee who would like to buy the property from you. This would save you the expense of going to an estate agent. If we decide not to buy your property from you or nominate a buyer, then you are free to sell it on the open market.
Depending on when you wish to sell your property you may be required to pay back some or all of your right to buy discount.