Shared Ownership Mortgages

Expert Guides

We are working on processing applications for prospective buyers keen to make their move into Sovereign’s exclusive Knights Quarter development in Winchester - a fabulous range of one and two-bedroom apartments will be completed in early 2022 and, with just a 10-minute walk into the city, demand is expected to be high. Sovereign is one of the foremost housing associations with almost 60,000 high quality homes spanning its core area of the south, southwest of England and the Isle of Wight.
You can read more about the Knights Quarter development at and find out more about Sovereign's handpicked panel of IFAs at

Selling a shared ownership property

Shared ownership provides an alternative route to home ownership for buyers who would struggle to raise the funds needed to buy on the open market. 

Giving first time buyers, as well as buyers who currently own a home, the opportunity to purchase a share in a new build or resale property, shared ownership allows buyers to purchase a proportion of a home, usually between 25% and 75%.

Investing in a shared ownership property offers several benefits. But what happens when it comes to selling a shared ownership property? 

We’ve created a helpful guide outlining everything you need to know about selling a shared ownership property.

Contact your housing provider

If you’re considering selling your shared ownership property, you will need to contact your housing provider to make them aware of your intentions. The next step is to appoint a reputable surveyor to value your home.

Getting a valuation

Once you’ve appointed a surveyor, you will need to a pay a fee to have the property valued. This will give you an idea of what the property is worth and will enable your housing provider to work out the value of your share from the final sale price of the property. 

Contract of sale

If you’re happy with the valuation and decide to proceed with the sale of your property, you will need to complete and return a contract of sale. Within this document, you must include details of your chosen solicitor. If you purchased the property with someone else, you will both need to sign the contract of sale - this is a legal requirement. 

Capture some images 

You will need to liaise with your housing provider to arrange for photographs to be taken. Images sell properties and generate interest, so this is an important stage of the process. 

Finding a buyer

Now it’s time to find a buyer. The good news is that there are often long waiting lists for Shared Ownership homes. There are always buyers looking to purchase their first property through the scheme. 

What happens at the sale stage?

The buyer of your property will go through a similar process that you went through when you bought the home, including a financial assessment with an independent financial advisor. If this is approved, and everything is agreed, you will receive written confirmation and your solicitor will be in touch. 

As a general rule, you can expect to wait around 12 weeks for the sale to complete. Both your solicitor and the buyer’s solicitor will agree an exchange and completion date. 

Why choose Charters Financial Services?

If you wish to talk through your shared ownership options, it’s always worthwhile speaking to the professionals. Here at Charters Financial Services, we are always on hand to offer the very best advice. Contact us today, our friendly experts are happy to help. 


Extremely efficient and good at communicating at every stage of the process. Personable, relatable staff with a good knowledge of the mortgage market enabling us to act swiftly and secure our dream property.

Justine P

April 2020

Get the Right Mortgage Advice