As a homeowner, you have the right to sell at a time that suits you but there are a few steps you need to follow – this page is here to let you know all of the requirements.
When you tell Plumlife’s Sales Service team that you want to sell your home, we then have a ‘nomination period’ which gives us a set amount of time to find a buyer for your home. The ‘nomination period’ will vary based on your contract. We have our own Shared Ownership resale agency called Plumlife Move that would start work on this, as soon as we have all of the required information.
Once you’ve decided it’s time to sell, you will need to complete an intention to sell form and send it to our Sales Services Team. However, the team will talk you through all of the detail you need to know after you’ve been in touch.
You can contact the team on salesservices@plumlife.co.uk
If we don’t not find a buyer within the nomination period, which is unlikely, you have the right to sell your share yourself on the open market.
Getting a valuation
You must get a valuation by a surveyor who is registered with the Royal Institution of Chartered Surveyors (RICS). This is a requirement for all Shared Ownership leases and it is designed to protect the Shared Ownership product.
The sale price of your home will be based on this valuation. You will need to arrange this valuation prior to the nomination period starting and this will be a cost that you are required to pay.
Instruct solicitors
You’ll need to appoint your own solicitor to act on your behalf for the sale of your home. Once a sale is agreed, Plumlife Homes will send the memorandum of sale to solicitors, which will explain what the property is being sold for, the percentage share, rent etc. The memorandum of sale, should also give expectations around when the sale should occur by.
