Already a Shared Owner?
Selling your Shared Ownership Home
The terms for selling your home are set out in your lease.
If you are a shared owner and want to sell your home, you must
give Family Mosaic the opportunity to find a buyer for you.
We have access to waiting lists of first time buyers looking for
homes in your area. Your lease will tell you how long we have
to find a buyer but this is usually from 8-12 weeks. This is
known as the "nomination period" and if we do not find a buyer
within the nomination period, you will be free to sell your share
on the open market.
If you are not a Family Mosaic shared owner, you will need to
contact your housing association landlord.
Valuing your Home
In order to decide the sale price of your home you will need to
have it valued. The valuation has to be carried out by a
qualified member of the Royal Institution of Chartered Surveyors
(R.I.C.S.). We will provide the details of the RICS valuer on
our panel, but you may choose another qualified valuer provided
that the company is independent and that the valuer is not a friend
or relative. You will need to provide the details of your
proposed valuer for our approval before you commission the
valuation. You are responsible for the whole of the cost of
the valuation, whichever valuer you choose.
For full information about selling, download our leaflet and
request for valuation form for Selling your shared ownership
Buying more shares
If you are a shared owner, you may buy more shares in your home
and the terms are set out in your lease.
Your lease will tell you how many shares you may buy and in what
stages but we usually allow you to buy multiples of 5% (starting
from 10%) and you are normally permitted to buy all of the
remaining shares at once if you wish. If you do buy all of
the remaining shares you will no longer be a shared owner - this is
known as 'final staircasing'. If you buy part of the
remaining shares, this is known as 'interim staircasing'.
Download the resales
Download the staircasing