Buying and selling a shared ownership home

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Buying, staircasing shares and selling.

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This page has been created to outline the process for buying a new shared ownership home, buying more shares in an existing shared ownership property and selling shares. 

Buying a new shared ownership home

The shared ownership scheme is designed to help buyers purchase affordable new build houses. Our new build schemes are marketed by estate agents and will be advertised on Rightmove.

For further information on how to purchase a new build property, please contact the sales team at sales@derwentliving.com

Buying more shares – this is called staircasing

If you wish to buy the remaining shares of your property you will need to pay for a staircasing valuation report.  This report is carried out by an independent Royal Institute of Chartered Surveyors (RICS) valuer and the purpose of the report is to establish how much Derwent Living will require for their shares.  As per your lease we need to receive the current open market value for our shares.

If you wish to buy more shares but not all of the shares then as well as the valuation fee, you will also need to complete an application form and have this approved prior to instructing solicitors.  Please mention this to the sales team when you call to ask about the staircasing process and they can send you the application form and explain the evidence you will need to provide (it is similar to the process that you did when you originally purchased the property).

For further information and to be emailed or posted the full process on how to purchase more shares please contact the sales team at sales@derwentliving.com

If you wish to extend your lease please read the information on our leasehold extensions page. Please note this process is not dealt with by the sales team and is a separate process to staircasing with additional applicable fees.

Selling just your shares – this is called a re-sale

If you wish to sell on your shares, you can do so via a local agent of your choice however the purchaser will need to be approved by Derwent Living. 

Please note that if selling just your shares then you don’t need to pay for a valuation fee to Derwent Living as you can sell your shares for whatever you’re happy to accept.

For further information on how to sell just your shares, see our shared ownership guide. For an application form to send onto your estate agents please contact the sales team at sales@derwentliving.com.

Selling 100% (your shares and Derwent Living’s shares) – this is called Staircasing via resale

If you wish to sell 100% of the property or a potential purchaser has offered on the 100% rather than just your shares via the estate agents then you will need to pay for a staircasing valuation report.  This report is carried out by an independent Royal Institute of Chartered Surveyors (RICS) valuer and the purpose of the report is to establish how much Derwent Living will require for their shares As per your lease we need to receive the current open market value for our shares.

For further information on how to sell your shares and Derwent Living’s shares please contact contact the sales team at sales@derwentliving.com

Please note that if selling 100% then the purchaser doesn’t have to complete an application form.

Leasehold and shared ownership for the elderly

Our retirement living properties are marketed by estate agents and will be advertised on Rightmove and on our find a home system.

For further information on how to purchase a property tailored for the over 55s or of pensionable age, including a copy of the application form and scheme criteria please contact the sales team at sales@derwentliving.com.