Selling Your Property

Should you decide to sell your property, the first step is to inform us on of your decision. You must also tell the bank or building society which has given you your mortgage. Under the terms of the Lease we will generally have the option to find a buyer within a specified period of time.

In addition you as the shared owner of your home will benefit from any increase in value of the property on the share you own. If the value of your home had increased by £5,000 and you owned 50%, your share of the increase would be £2,500.

However, house prices can fall as well as rise. If this happens, you will have to bear a share of the loss.