Selling Your Shared Ownership Property

Author: Natalie Martin

Selling your shared ownership property is very different from selling a normal property. You will have to coordinate with the housing association and they will need to approve the sale.

Depending on your circumstances you will need to work out which is the best way to sell your share in a shared ownership property. One option could be to buy the housing association’s share of the property before you sell your half.

Buying The Housing Association’s Share

If you want to own the property outright you will need to buy your landlord’s share. Once you have done this you will have the option to stay in the property or try and make a profit by selling it straight on and keeping all of the money from the sale yourself.

If you do intend to buy the housing association’s share it will make it a lot easier when it comes to selling the property, as you will not be bound under the shared ownership rules and you will be able to sell your home as a normal freehold property and not a leasehold property as it would be under shared ownership.

It will be much easier to sell your home this way as you will be able to pitch it to all buyers, not just those that fall under the shared ownership scheme.

If you are planning to buy the housing association’s share though you will need to ask their permission first and extend your mortgage to cover the extra share.

How much you will have to pay for their share of the property will depend on whether the property has gone up in value and how much it is now worth.

Many people like to have complete control when they sell their shared ownership property because they have more control over who values the property and how much they can market it for.

Selling Just Your Share

If you jointly own the property with the housing association you will need to inform them about two months before you plan to sell. In some areas of the country there are huge waiting lists for shared ownership properties, so when one comes to the market the housing association will usually try and sell your half to somebody on their waiting list.

The housing association selling your share has its upsides and its downsides. It means from the moment you decide to sell the housing association will take it out of your hands for around two months and try to sell it themselves, this is known as the nomination period. The association will also charge you a small fee for this, but usually no more than 1% of the value of the property.

If however the association fails to find a buyer in this time it will be passed back to you to sell. You may be able to negotiate a good asking price on the open market, but you will also have to pay estate agency fees which the housing association will not pay. You will also be restricted to selling it to others that are eligible for shared ownership.

Your situation may be slightly different. ask a question below ↓ and our editorial team will reply with our advice.

Restrictions When Selling Shared Ownership

Selling your share in your property should be straightforward if you live in an area that has a high demand for shared ownership properties but if there is no demand you may have to lower the asking price.

Some housing associations will also not allow you to buy their share in the property if you live in a rural area. Many housing associations in rural areas will not allow you to buy 100% of the property of your home because shared ownership homes may be in short supply and they do not want it converted into a normal property.

It may seem like you have to jump through a lot of hurdles so sell your shared ownership property, but in many ways it can be easier to sell this type of property than a normal home because you have the help of the housing association.

When selling your shared ownership home you will face the same highs and lows as you would selling a normal property but help will be at hand in the form of the housing association.

111 questions

Ask Affordable Home Advice a Question

Jane 20/09/2020 at 8:17 pm

If my Lease does not restrict resale, do I have to go by your words below - the Housing Association could not find a buyer even after 12 weeks:-:

Selling Just Your Share
You will also be restricted to selling it to others that are eligible for shared ownership.

Restrictions When Selling Shared Ownership
Selling your share in your property should be straightforward if you live in an area that has a high demand for shared ownership properties but if there is no demand you may have to lower the asking price.
Some housing associations will also not allow you to buy their share in the property if you live in a rural area. Many housing associations in rural areas will not allow you to buy 100% of the property of your home because shared ownership homes may be in short supply and they do not want it converted into a normal property.

It may seem like you have to jump through a lot of hurdles so sell your shared ownership property, but in many ways it can be easier to sell this type of property than a normal home because you have the help of the housing association.

When selling your shared ownership home you will face the same highs and lows as you would selling a normal property but help will be at hand in the form of the housing association.

Joanna 02/08/2020 at 2:08 pm

I have a shared ownership flat in London and wanted to sell it. As my neighborhood was under the redevelopment process and my flat is under a risk of being demolished along with other ones is virtually impossible to sell it hence I asked Housing Association to buy back from me. They approved buy back via email mid May and said to await until lock down is released. So I awaited and start chasing them since June and follow up in July with many calls and emails I eventually received a phone call saying they are not buying and some very lousy not professional email from the manager I was liaising with. Whole process cost me 6 months of waiting. No formal apologize nothing only a call saying we just changed our mind. Does the email where they confirmed the buy-back is binding agreement or argument I can use. Clearly due to Corona they were delaying whole process however email confirmation was assurance to me they are buying back. After 6 months of emails calls I am left devastated and stressed how this could even happened. Anyone can advise what can be done in this situation if Housing Ass. can do something like that. Obviously, I will make an official complain as this is not acceptable and professional, however any advise in this matter is appreciated. I really did not expect such a behavior from big organisation like that whose core values are accountability and professionalism.

Mandy 22/06/2020 at 11:39 am

When you sell a your share of the house what do you actually walk away with?

gilly 28/11/2019 at 10:29 am

Hi

I just read your article and I have shared ownership with Fortis Living and your article says that the Housing Association should help with the costs for a roof repair but we have this problem and they say its up to us to sort out and pay for , do some HA agreements vary or should they be offering to cover the repair

J5 07/11/2019 at 4:16 pm

Bought my housing trust property in 09, ownership of the 32% I do not own has since changed to a ltd company. The original Deed of Trust is no longer accepted by mortgage providers, so they have charged me 1500 for a new lease, but in doing so have reduced the lease term from 990 years to 99 and introduced rent of 260 pcm when I have never paid any. It's what made the house attractive in the first place. Ombudsman can not help as they are no longer a housing association. They have made it impossible to sell and it's no longer anything like what we bought. Any advise please? Thanks J5

. 15/07/2019 at 6:39 pm

My Mother passed away 2 yrs ago. Her and my father received a home paid up front by my grandfather in 1965 which my parents payed him back. My father passed away in 1982 when my grand father stated home was paid in full. Home was never put in my mother’s name. She live there 52 years. After grandparents passed, home automatically went into my mother and her sisters name because there was nothing in writing. My mother had payed all taxes, insurance and repairs for more than 28 yrs. Are her Sisters responsible for contributing to the taxes insurance etc even though mom was told home was hers and never paid rent. It also had rental property attached that she collected.

Bump 06/06/2019 at 5:31 pm

I have secured an offer on my shared ownership property. I own forty percent and i have permission to sell the whole equity. This means i will staircase to 100% owership at the point of exchange. I havMATe been told that i will have to pay stamp duty on the whole interest of the property even though I'm selling. Is that right?

Liverpool Scouse 08/03/2019 at 11:33 am

My mother in law has passed away with a shared ownership of a property ie Local Authority 75pct her percentage being 25%, they have a sinking fund and now inform us that we will owe them £20,000.00 pounds once the sale goes through, even though my mother in law has lived there for 20 years paying rent/service charges, is this legal and were does the 20,000.00 come from.

Sal 01/03/2019 at 11:17 am

I been trying to sell my shared ownership house since July 2018 no one wants to buy it, housing association refused to buy it, we are stuck with it, also this week we found a leak in our flat causing by flat owners above the leaky is now fix but the owner refused to pay for the water damage cause to our flat he claim that the water meter is leaking so seven Trent is reasposibile I don’t know how to move foward

sookie 28/01/2019 at 5:18 pm

We have a 25% interest in our home. Due to my health problems, we would lke to sell it quickly to move to a more suitable property. We don't mind selling our share for less than we paid for it. Are we bound to sell it at the housing association valuation price?

Lloyd 09/11/2018 at 11:22 am

I own 40% of my property. In the last year come out of work due to illness and struggling with my bills and got in quite a substantial rent arrears. The only money I have that would cover these debts I have is tied in to my property. Would the housing association buy my property back off me and continue to let me stay in the property and pay rent? If so how would it work? Thanks

Kimberly Ellis 28/08/2018 at 7:32 pm

Me and my husband have separated haven’t divorced yet, I’m living in the marital home it’s shared ownership between me and my husband who have mortgage for 25% and the housing association have 75% we pay rent as well for the part they still own. My husband has just served me with a letter regarding severing the joint tenancy saying “ and in the letter it says for the property shall be held by us as tenants in common in equity” what’s the difference to us being joint tenants? And does this mean he can stop making payments towards the house as he has his name on the mortgage and rent. Thanks

GillG Editor 07/08/2018 at 1:41 pm

@Jen - yes, the whole of your bank account is now subjected to full scrutiny. Gym membership, cancel it, a new car, forget it, school lunches, starve your children :) It really is impossible.

Jen 06/08/2018 at 3:33 pm

I am trying to sell my shared ownership property it has been on the market for over 2 years. When I bought it I got a mortgage for 60% and paid the other in rent, now if you enquire about new mortgages you have to satisfy a spreadsheet asking about food, magazine subscriptions, socialising and when they add rent in it comes up with a minus money status therefore it's a no. So I think I'm stuck at the moment unable to sell it....

Bristol 1 05/08/2018 at 7:59 pm

Hi
I do not feel the price the housing association is requesting for having secured a buyer is a fair amount. It’s over £1000 and equates to 2.2% of my share of the property. It’s double the amount I paid my solicitor to complete Conveyancing for both sale and purchase. Where do I stand in terms of challenging this?

Suttonite 03/08/2018 at 8:08 pm

The comments listed do not help anyone unless you reply and give advice others can maybe follow.
Very frustrating and time wasting

AffordableHomeAdvice Editor 13/07/2018 at 11:54 am

You would have to look at the terms and conditions of your agreement to see what the split is and what other charges may be incurred after the joint equity of £35,000 has been calculated. In addition, regardless of whether your house is worth £185,000 it does not mean it will sell for this amount.

Remond 12/07/2018 at 5:19 pm

If I bought the property at 25% of 150000, the property is now worth 185000, how much would I be able to put towards another property. With equity made?
I need to move closer to family. I'm a lone buyer with 1 dependant under 5.

Mm 06/07/2018 at 9:38 pm

I can sell my flat on the open market but the problem I have is the rics report is valuing my property way above what agents say it can sell for .

Lauren 01/07/2018 at 8:06 pm

Hi,
I bought my 35% of my shared ownership 4 years ago and now trying to sell. I have 4 days left of the 'nominated' 8 week period where the housing association has the right to sell the property. I now want to go to estate agents as it's obvious it wont sell in 4 days. My question is, will I be expected to pay the 1% fee to the housing association on completion AS WELL as paying the estate agent fee for selling? The housing association have done nothing, not even advertised on their own website due to a 'technical hitch'! Only advertising on the 'share to buy' website and not provided any updates or chased the 2 offers that were given - I chased.
Seems incredibly unfair that I have to pay two fees for the housing association doing nothing!

Blue 29/05/2018 at 12:04 pm

I own 50% of a share owner ship with the builders own the rest. I would like to build a conservator cost at around £9500, this would increase the value of the property would they take half of that increase if I was to sell?

GB 21/05/2018 at 4:01 pm

Having a 75% share we pay no rent the value free heating and water sky £7 £129,500 in a village. My husband became very ill and his now under a professor 18hr round trip weekly. Due to severley blind deaf mute part paraylised rare brain decease. We have asked to put out 2 bedroom flat walk in shower. They told us that we would have to put your own sale board up. When we first moved in it was advertised as independant living. That is why we brought it. Now with out warning they are now classifying it as alzalmase and care. Which we did not have any notyfacation it was going change. It felt they sneaked it in as it boosts the care up. But with guying 75% they are ery slowly selling. But my husband his getting weaker each time he travels to see the professor a 18hr trip. What advice could you please give us.

Johneast 12/05/2018 at 8:59 am

The housing association have told me that they don't accept offers on their properties (as a policy), when they advertise them. Is this right or are they just hustling me? I have accepted their marketed price as I did think it was worth the money, but the valuer from Barclays viewed it and advised Barclays not to lend me the money because:
‘Whilst most of the property has a brick outer skin, there is a large area of timber frame with timber cladding, (which appears to be the main form of cladding in this location, rather than merely decorative) to the left hand side which is not acceptable under lending policy, therefore the property is not suitable.’
Would this flat be difficult or impossible to sell in the future?

cookieboy 24/04/2018 at 12:00 am

I clearly ran out of my text allowance on my previous post but hopefully, anyone that didn't get too bored, will take on board what I have said, although, most people will already be fully aware, judging by what I have read on this site.
The message has to get escalated to people in authority who can do something to stop peoples lives being ruined, which I intend to do, even if the Housing Ombudsman finds in my favour. How many of these people from Housing Association sleep at night, is beyond me. My sympathy if you are in a similar situation.
Kind regards,
Cookieboy

cookieboy 23/04/2018 at 11:48 pm

My wife and I were desperately trying to attain some level of Security of Housing, dating back to 2006. Our ages were against us for a standard mortgage and we eventually went down the shared ownership route in 2015, having spent 12 months doing as much research as we could.The Housing Association that we eventually signed up with, ticked all the right boxes and so we went ahead to commit ourselves to the purchase of 25% of a new build 3 bed semi, which for 2 people of Senior years was almost a dream come true. We had not actually seen our particular property as it was still under construction at the time and under health and safety regulations, we were not allowed on site until the association had accepted the property from the developer. However, having done our research via the Associations extensive website and taken into account the assurances given by individuals within the Housing Association, we did not see anything that would give us cause for concern. That was our biggest mistake because by that time, we were financially committed to proceed, plus we had given 2 months notice to our current private landlord, as we had promised we would do.The history is far too involved to highlight here but since taking on this property in September 2015 to today, 23 April 2018, my wife and i have gone through the most traumatic time of our 46 years marriage, so much so that our relationship all but broke down. All of the time that we were trying to resolve problems, no-one from the Association showed any interest (apart from 1 person, for a short period). We were dragged through a totally flawed complaints process lasting 5 months, during which the Association chose to address issues that suited them, while ignoring the many, many examples of themselves failing to comply with their own laid down policy standards of service and care. The next move was to escalate the complaint to the Housing Ombudsman Service, which was initiated in May 2017. Although we have both found that the Ombudsman staff have been very helpful, due to the workload, we were informed that our case would not come up for consideration until May 2018. Although disappointing at the time, it did at least give me the opportunity to present the best possible case.Due to how the process of Adjudication is followed, now that I have presented my evidence, (some 95 A4 pages plus images),The Adjudication Officer will no doubt have to refer back to ask further question of the Association, which dependant on their response, will have to come back to me for further clarification. Why this process cannot be conducted with all parties present, and an independent Adjudicator to oversee the process and reach a decision, is a little beyond my comprehension. As a result, this process could take up to a further 12 months before a decision is given. By this time, I will be 72 and my wife 73, should either or both of us survive that period. We see the biggest obstacle as being that so many people in sha

KareB Editor 23/04/2018 at 10:50 am

@Stressed - Once you have bought the initial share of your shared ownership home, you can buy further shares through staricasing. Yes, it should have been featured in the brochure that you would need a staircase mortgage or you cannot buy 100% of the share straight away. But, there's not much you can do in terms of recourse. I'd steer clear of shared-ownership homes. Warning signs such as this show you what a messy process it can be. It might have actually saved you from a lot more hassle down the line and you might actually end up being thankful. I'm just trying to disentangle myself from this HA mess.

Stressed 22/04/2018 at 2:35 pm

Out of interest if a property is put up for sale on the open market through a Estate Agent,who is responsible for agreeing to put it on the open market? This is what's happening to my parter and I, about 10 weeks ago we came across a house that was advertised for sale either as a 50/50 shared ownership or 100% free hold so we put an offer for the asking price which was accepted within 30 mins so far so good ( 100% Free hold ) . Now fast forward 8 weeks, we have now been told by the sellers Estate Agent not our solicitor ( that's another story completely! ) that we can't buy it as we don't have a staircase mortgage, now surely as a 50/50 share holder they should have a responsibly to make it clear that we would need a staircase mortgage to buy the property although this was not mentioned ANYWHERE on the brochure ( I have physical and digital copies ) . Should the HA have let us know or the seller right at the start or even the Estate Agent? Please any insight would be grateful we are pulling our hair out!!!!!!!

Sean 16/04/2018 at 8:38 pm

If I purchase a 25% of a £100000 house and then after 2 years the property gets valuated at £150000,, now I want to staircase to purchase 50% how would that work ?? Would it still be on the £100000 percentage Pay rate OR the new £150000 rate ?? Hope this makes sense

CoL Editor 12/04/2018 at 2:59 pm

@peachyxcreamy - you'd just have to apply for a new mortgage in the name of you and your partner after having agreed a price with your parents. You'd then go through the normal conveyancing channels. You'd need agree a price, then speak to your HA and a mortgage lender to see whether it's feasible.

peachyxcreamy 10/04/2018 at 9:11 pm

Hi,

Just wondering how it would work (if it would work at all). My parents and I joint own a percentage of the property but they would like to move out. It would be great if my partner was able to move in with myself and have his name on the mortgage and buy my parents out of their share. Would this be able to happen? If so how would I start the ball rolling? Many thanks

Jerrylee 09/04/2018 at 8:25 pm

My Son bought 10% share of a property/flat, he has all the paperwork and has also gone through the 2 months allowing the housing association the period for them to find a purchaser, they could not find one, he received an email advising that he could now sell on the open market, and has found a buyer for the 10%..

The housing company have now renegaded on their agreement and advised that he now has to purchase the 90% in order for him to sell..

Any advice please help...

ZI 19/02/2018 at 5:11 pm

I bought 50% share of a house of full price 200K in Feb 2016 and have been paying the morgage of 400 pounds per month (9600 for two years has been paid to bank ) and 450/month rent for two years. Now I have to move to USA and I like to sell my share and current evaluation of the house is 230. is that mean I will get 50 % of total which is 115 K and repay remaining amount to the bank and will get my share. My question is how/where I will get my share/spending against mortgate and deposit?

Jazz 16/10/2017 at 2:05 pm

After reading so many negative comments about new build and Shared ownership I have withdrawn my application. Luckily it was in initial stage so no loss for me. I would rather buy an old house and rent it out to make some money before I go out and buy any new properties. Looks like Gov has ripped us off by making these money grabbing ownership schemes etc

silvia 24/08/2017 at 8:12 am

Hello
We own 50%, we are in the middle of selling. This actually became a nightmare.
The buyer is buying 100% we have been told that we have to purchase remaining 50% from housing association ( this is called simultaneous staircasing) however we have been told that the asking price can not exceed the valuation. So we have agreed with a little less than the valuation says. Now we have been told that we have to pay the difference to the housing association and the Stamp duty tax for purchase ( because we will own 100%).

From my personal experience I would never ever buy a house like this if I knew that one day I loose money and I do not recommend to anybody to buy as well.

Paulb234 03/08/2017 at 4:47 pm

I'm just abouts to purchase a shared acomadation house. How ever the house is priced at £115.000 although someone who bought a new build 2yrs agow in the area is now selling there's for 90k. And it looks a lot nicer. I have a fealing if I buy a share of this house I'm going to make a loss so would it be wise to purchase 25% or 50%. Would my loan amount (mortgage) go down if the value of the house went down too? I'm new to all this and not that good with maths

Mrs B 21/07/2017 at 10:22 am

Hi
We own 50% in shared ownership and want to move. If somebody was to buy more of what we owe, say 70% or even 100% would we have to lose the remaining 30% or 50%? My housing association is making it sound like this is the case? If this is the case, where's the money we have made going to go? Confused!

Emilia Packer 13/07/2017 at 2:06 pm

Hi - we have staircased to 100%. How does selling of this kind of property looki like? Would housing association try to find a buyer for a share and they'd buy the rest?
Thanks

Lou888 20/06/2017 at 11:50 am

Hi

I own 30% of my shared ownership property. my annual wage is far greater than it was when I originally bought into shared ownership. I'm looking to move to a house on the open market. my shared ownership properties original purchase price was £222,000k and now its worth £350,000k. should I staircase to acquire a larger percentage or should I just sell? not sure what would be the best option.

Steph 04/06/2017 at 3:29 pm

We are looking at selling our share of 50% and purchasing in a completely new area. The house we've found, also shared ownership is also for 50%, however, the owner has made significant improvements to the property and has it in writing that the costs can be recouped from her sale. Fantastic, other than the fact that the council still want 50% share of the full market value, and expect the buyer to pay her the 50% plus a further £53000, meaning that the buyer is to pay 65% of the full market value of the house for only a 50% share - no mortgage company in their right mind would agree to this! surely, this is not only unethical and defeating of the point of shared ownership but also against the rules? Surely the if someone at the council has agreed the money for her extension can be recouped, this should be taken out of the councils share of the 50% based in the fact that usually, any improvements subject to permission of course are just part and parcel of having shared ownership and that when selling your share, you forgo the full profit of your improvements based on the fact you only own a share? Anyone able to advise or advise who we can take this to?

Thanks

Fergie 22/03/2017 at 1:45 pm

I am looking to buy 62.5% of my shared ownership property that we have had for 18 years. They have sent a final figure showing 30% discount and 1% for every year (up to 60% or only £38,000) is this correct as the calculation would be £82,768 discount

Clare 17/03/2017 at 3:09 am

I have owned 40% of a property for 10 years. I can only staircase to 80% apparently. It won't sell on the open market ( being up for several years) despite the price now being significantly dropped below market value as the rent has increased so much over the years, all estate agents are telling me it is no longer 'affordable housing'. They won't buy it back from me and won't let me rent it. They won't even let me 'give' it back!!! They were going to vary the lease to allow for 100% stair casing but have no changed their mind. Please any help/advice to suggest on an option to help me move on with my life

J 02/03/2017 at 8:14 pm

Hi there.
I currently own 25% of my house and would like to move to a bigger shared house with the same provider. Would my housing association be in a position to help me with this?
Many thanks

amy 21/02/2017 at 5:12 pm

I have been trying to sell my 50 percent so property for awhile with nojoy.the ha dont want to buy my share back.i've asked to buy all the property but the ha say i can only buy up to 75 percent. I owned my share for more than 10 years now. Is there any way the ha can change the original agreement as my circumstances have changed so much since i buy the property . This situation is stopping myself and family from moving forward

JC 16/02/2017 at 12:24 pm

Hi. I own a 50% shared ownership house. Our house has been on the market for over a year and we are finding if difficult to sell as most mortgage lenders will not lend for a shared ownership home that can only be staircased to 80%. Our housing trust will not move on the 80% and buyers cannot afford (15%) £20,000 deposit. We have lived in the house for 7 years. Any advice would be great.

katy1990 15/02/2017 at 4:49 pm

Hi

I bought 55% share of my house in march 2016, circumstances have changed and me and my partner are wanting to buy together, so i will be selling my shared ownership, housing association have told me i can sell for 100% buyers will just have to staircase on the same day as it is completed, will many banks accept me for a mortgage with my partner before i sell or will i have to have sold and have the money in my bank from selling for the deposit before they consider giving me one

AffordableHomeAdvice Editor 09/02/2017 at 10:41 am

Yes, you would have to look at the terms of the ownership to see what you would be entitled to.

Jb 08/02/2017 at 10:02 am

I own 40% of my SO property. It has increased in value by around £30k. Do I have to share the equity on a % basis with the HA?

greta 26/01/2017 at 9:34 am

Hi, looking for some (legal) advice here. 10 years ago I bought 100% of a previous shared ownership property and I have been paying Management fees of c 30.00 pcm since. I have accepted an offer now but was told by my solicitor that the solicitor I had used for the original purchase had not staircased the ownership from 50% to 100% and the freehold and leasehold agreements had not been merged at the Land Registry. This can be rectified. However should I have been paying Management fees all this time, particularly as I have queried it before with the Management Company, telling them more than once the property was 100% owned. Would appreciate any advice, thank you

Razz 19/01/2017 at 6:52 pm

Hello. I own my flat but the freehold to the building belongs to a housing association. Is this detrimental to the selling price?

Nick 12/01/2017 at 8:24 pm

Hi, we and a few neighbors have all staircased to 100% ownership and are fed up with poor management of the HA. So is there a standard procedure/process to change the management of the block or buy the HA's freehold?

Joe 21/12/2016 at 3:31 am

I am sell my house for £65,000 and I have Shared Ownership. I might been if my house is 50%. How much my share Ower?

Annie 13/11/2016 at 3:10 pm

Want to sell back my 35% of property on Shared Ownership flat and move. How does it work???

Rugby mike 17/10/2016 at 9:10 pm

I have a question about the property and it is if I choose to sell the property at this precise time for e.g £200,000 would I make 35% which is £70,000 of the £200,000? Or does it work differently? Originally it was £135,000

Lee_Essex 22/09/2016 at 1:11 pm

Hi there,

I'm trying to find an answer to a query that is driving me round the twist.

I own 25% of my property (total property value when purchased was £169,500) and it has increased in value to £275,000. This is obviously a £105,000 increase in value. If I was to sell, do I receive 25% of the total profit, so circa £26,000 less any admin fess etc that the HA charge for selling?

Cheers

Simo 21/09/2016 at 10:53 am

Hi we have just recently sold our shared owenership property, we are moving out on the 30th of this month but the plum life who own it are saying we have to pay the next months rent and service charges is this correct, I don't understand how it would Beas we are not going to be there so why should we have to pay it, any advice would be appreciated thanks in advance

Ewa 12/09/2016 at 8:24 pm

Hi. just have one question, i love to bits my my flat,its only 30% of share but now i have a bigger familly and need more space, but i dont want buy new home i would like to swap, how i can do it?
Thank you.

josie145 07/09/2016 at 9:38 am

The consequences of selling on the open market are you become liable for their solicitors costs as well as your own and pay all the estate agent fees which I have just done I am trying to find out because I am selling the freehold to my buyer do I have to pay stamp duty at the final staircasing because this would be a definite no for me I would lose too much of my equity can anyone answer this at the back to back staircasing when the buyer buys the whole amount is there any stamp duty liable to me as the seller

Dest 04/08/2016 at 5:57 am

I have a question?
How can we loan my mom share in a land that allraedy have a huge house with 4 rooms.but we have a oreginal papers .but there are 3 names list including my mom..my mom want to loan her share because two of her sister is the only benifit ..so that why my mom want to laon her share

Matthew pugh 28/06/2016 at 4:58 pm

Hi I am looking to sell 75% my property but still remain as a sitting tenant

Gray 25/06/2016 at 3:52 pm

You have nor answered liswa question above im in a simliar sitution as my family have out grown my small place and need to ideally move from a 2 bed to 3 bed property
I would like to move and sell my % of my shared ownership lease and move in to a rented property with either the same housing assocation or a different housing assocation what is the criteria for this that i need personally id rather go to a different housing assocation please respond asap

Anita's List 22/06/2016 at 6:33 pm

How much interest do the housing associations take on there share when property is sold I am putting in 75% not paying rent as von older person scheme, so when it comes to a re sale how is interest divided.especially if property increase in value.

dave 05/05/2016 at 12:19 pm

Is it possible to sell my share of a shared ownership property if there are no takers at the valuation price by offering a buyer a discount, say several thousand pounds, and refunding the housing association the difference?

SharedOwner98 28/04/2016 at 2:45 pm

I have recently purchased a re-sale of a shared ownership house, which needs quite a bit of work doing to it (kitchen is falling apart, we need to re-do the floors, carpets etc.).

My husband and I plan to purchase the remaining shares at a later date, however we don't want to add too much value to the property before we own it outright. As such, is there a way we can recoup the costs of any upgrading we do to the property (i.e. if we save receipts and prove that we have increased the value)?

Grateful for your advice before we sink loads of cash into doing it up.

Thank you
Sophie

liswa 22/04/2016 at 8:08 pm

hi,im trying to find out if I can swap from a shared ownership property(sell it)and swap to a rented home with the same housing association as im already a tenant,or would I have to start from scratch and apply again?ive been living in my shared ownership property for 12 years and due to a marriage breakdown im worried about affording maintenance on the property.i can afford rent/mortgage and bills but if anything should go wrong with the property I think I would struggle.

AffordableHomeAdvice Editor 06/04/2016 at 12:09 pm

I am sorry to hear this and I'm afraid to say it is normal for some associations to charge 1.25 per cent for finding a buyer, especially if you live in the capital, while other associations may charge less. I suggest you take a look at the terms again and re-read the small print. Unfortunately, the re-sale costs involved in the re-sale of a shared-ownership property can shock many a seller whan they put their home on the market.

6 year owner, trying 05/04/2016 at 3:18 pm

I have owned 25% of a shared ownership property for 6 years and am currently trying to sell. You mention in the article above, in regards to the nomination period, that "The association will also charge you a small fee for this, but usually no more than 1% of the value of the property". My housing association has just informed me that I will be charged 1.5% of the total market value of the property. Surely this can't be right? That someone who owns a small share would be charged the same fee as someone who owns a large share? According to my lease "reasonable administration charges shall be calculated", but this doesn't seem reasonable at all. Based on a market value of £440,000 (the property has increased in value significantly since I bought it, effectively forcing me to sell as I cannot afford to buy), I will be expected to pay a whopping £6,600?! I could understand this if I would be receiving 75% or even 50% of the equity, but can this really be deemed 'reasonable' for someone who only owns 25%?!

DiS 01/03/2016 at 6:18 pm

I do not have a clause in my lease which states I must sell via the HA. so can I put it directly on the open market at the value placed on it by a RICS surveyor and what are the hidden consequences?

Anna 30/01/2016 at 8:37 pm

Ps there is an 80% staircase limit so we will never own the property

Anna 30/01/2016 at 8:34 pm

Hello,
What is a reasonable lease length on a shared ownership HOUSE and why? We are in the process of buying a new build with an 85 year lease. Is this reasonable? It seems a bit short!
Many thanks :)
Anna

chris 22/01/2016 at 6:45 pm

We are selling our shared ownership house. We own 40% and is lease hold. We put it on the market. The housing said we can sell 100% share of the house and the free hold will go to the new owner. We have an investment buyer who buying the house and is trying to push for a quick completion. We have found the housing is very slow at acting. It's been 4 weeks for them to contract there solicitors and tell me how much will they get on completion. I don't know what forms or the next step is for the housing.

RD 09/01/2016 at 1:31 am

We have been approved for a property Inthe shared ownership scheme it is a re sale property. we have passed affordability etc and just provided the HA with our AIP, problem we now have is it has just come to light the property was built in1994 with a 99yr lease, so the lease that remains is 77yrs, this was picked up by our IFA as we could only get our mortgage over a 25yr term anything more the lenders wouldn't lend because of the lease. This started ringing alarm bells with me so I did some research I found a lease handbook on the HA website it states in there that any property with a lease lower that 80 years could pose a problem in the future when it came to selling or remortgage also says shared owners do not have any statutory right to extend the lease, on searching online I have found a few forums regarding properties with a low lease and most people have said don't go near as too much expense and problems when it comes to selling on, the HA are going to be issuing us with a formal offer letter but after doing a small bit of research I have been put off and my instinct is telling me to reject the offer, any thoughts or options gladly received. Thanks

APJ 21/12/2015 at 7:32 pm

Hi!

I am totally confused about my Sellers rights on a Shared Owner Ship Flat, which I purchased in 1988 on an Endowment as advised by the HA sellers of the development. The remaining 50% I purchased in 2002 and only then changed to a Repayment as the Endowment was a big fail!

With each share I was given a 50% discount of the supposed market value.

Years later and unexpected illness has led to my lack of employment for nearly 2 years, leading to mortgage arrears. I very recently came close to losing my home to the Lender. Fortunately, I've recently received loans from family and friends to resolve my mortgage arrears. So things are a bit better on that side and I have the possible offer of paid employment in the new year.

I've placed my home on the Open Market because I'm staircased to 100% ownership of the flat. I've had to pay for a Management Pack from the HA and after taking my money a couple of weeks later they cite via my Solicitors, that I have to sell the flat through them first, with the usual 8 weeks diatribe and the following:

A) at 50% less the market value
B) any profits of the sale also go to them.

This is despite having a Buyer for the flat, hence having to pay for the Management Pack..

A few other flat occupants that have resided here since 1988 are also selling their flat but I've found out they hadn't staircased to 100% and each person has mentioned that they only have to pay the HA 1%.

The advice from HA is also not clear - in that they cite this development remains a discount block, yet by chance I came across their share to buy website and came across another flat of the same size as my own within the same block that is being sold at full market value on a staircasing.

Words can't explain how I'm feeling right now about this whole situation I just cannot get any clear answers or advice from anyone!

Much appreciated if I can get clear cut advice!

Thank you.

AffordableHomeAdvice Editor 07/12/2015 at 2:56 pm

It's nice to hear a positive story - thanks for your comments.

fash84 06/12/2015 at 11:02 am

Hi, i realise this thread is out of date but wanted to share a positive experience, my shared ownership flat in essex sold very quickly, I will get my 45% and family mosaic their 55%, I paid them a fee (roughly equivalent to what i would have paid an estate agent anyway), and they had people waiting for a property like mine. We have had an offer accepted on a house (100% ours this time) and are fast heading towrds exchange/completion. You have to be realisitic in your expectations, shared ownership is a foot on the ladder, no more, housing associations aren't going to lose money to help you out. See it for what it is, my property gained 25k in 3 years, a lot of which was to do with decoration and choices we had made with the property, but unlike others I do not begrudge the HA for the money spent on the flat, I could have left it exactly as it was but chose not to. Yes this means they have profited but so have we, and after all they gave me the opportunity to get onto the ladder before my partner and i were together and trying to buy outright as a single person is almost impossible these days. Other than shared onership i/we would have been in rented for the last 5 years and would literally have nothing to show for it. I think a lot of the problem is people jumped into shared ownership without extensive research, reading of the small print and therefore without knowing what they were getting into.

JC 02/12/2015 at 10:27 am

We have started the process of selling our shared ownership home, and the housing group have now allowed us to put it on the open market. We only own 45% shares but understand how the system works and that the housing group received their share on the sale. However, because shared ownership properties are leasehold, does this mean the property is sold on the open market as leasehold (with the housing group owning the freehold) or does the sale include the purchase of the freehold? Our current remaining lease is 78 years, which would deter any prospective buyers unless cash buyers which is highly unlikely! We looked into extending the lease but the housing group won't do this as we are intending to sell! The cost to extend the lease if we stayed put would be £5k.

Paula 18/10/2015 at 9:45 pm

In this article they say once your have purchased 100% of your house it no longer is lease hold. Does this mean once you own 100% the housing association will give / let you buy the freehold. I can't imagine anyone would want to buy a leasehold house, it would down value the house on the open market.

AffordableHomeAdvice Editor 29/09/2015 at 2:35 pm

If you're buying a property, then the seller is under an obligation answer questions in the seller's pack. It means if the seller is deliberately evasive when answering a question, and there have been problems, then you may be able to claim. I'd ask your conveyancing solicitor to emphasise that if they don't disclose any previous problems, there may be legal recourse down the line. Otherwise, you may be able to find out via Environmental Health records to see if it has had to investigate any problem neighbour disputes in the past. I hope this helps.

Eva 28/09/2015 at 6:07 pm

Hi there, We have being offered house on Shared Ownership basis. What worries me that the Housing Association will not give me references about next door neighbours. Have I got the rights to know if there have been any problems with the neighbours in the past, any complains, etc. Seller of the property said that he does not know his neighbours but I have found out that there have been same issues and police involved. I do want to end up living next door to neighbours from hell. Housing Association said they do not know.Thank you for your help.

AffordableHomeAdvice Editor 24/09/2015 at 12:57 pm

Bad press regarding shared-ownership properties has put some buyers off , along with the bureaucracy involved and the rental-side of the arrangement. However, if your house is well-placed in the local area and affordable, there should be nothing stopping it being snapped up. Sometimes, when marketed on the likes of online property websites, buyers put in a search for the price they think they can afford i.e £100K-£150K. They aren't necessarily looking for shared-ownership properties, therefore don't scroll down to the cheaper end of the scale. I can only suggest having a word with your estate agent asking them to market it to people who are looking for more expensive properties, where yours may fit the criteria. I hope you manage to sell soon - the market is picking up and that can only be advantageous to you.

Mee 23/09/2015 at 8:57 pm

Definitely a major scam and rip-off. I will advise anyone considering this scheme to stay well away from it. You're better buying 100% of a property and renting out as an investment if you can't live in it. I would be happy to form a group who will write a signed petition to the prime minister to expose this fraudulent scheme. This is modern day slavery and entrapment and it must stop!

chris-h 23/09/2015 at 3:42 pm

We brought our shared ownership property back in 2004 and have now out grown it with our young family. We decided to sell our property in October 2011 now September 2015 the property is still up for sale. at 45k for 50%. when we contact the housing association for advise and or assistance to sell they don't help! the only response i get is that shared ownership is good and they are selling new property's really well. is there any advise on how we can sell or what action we can take the value of the property is low the cheapest in the area. we live in a nice local area with good links to town train station ect the property is in excellent condition well decorated. we just feel trapped as we cant let it out either.

mm 17/09/2015 at 10:09 pm

I need to repay my interest only mortgage I cant re-mortage as my ex partner is still on the deeds and mortgage even though he signed the transfer years ago. is it possible to reduce my share at present it is 50% to allow me to release equity to allow me to repay my mortgage company and then re buy the reduction when I have the deeds sorted. The mortgage company have given me to the end of oct to get this sorted

AffordableHomeAdvice Editor 14/09/2015 at 11:58 am

I am sorry to hear this. I can only suggest you contact your Housing Association directly, as we can't answer this question.

Lisa 13/09/2015 at 12:18 pm

I am having to sell my 30% share of my 3rd floor flat due to ill health. It has been on the housing associations list for the past 8 weeks and i have not had one person view it. I have Chronic Fatigue and finding the 5 flights of stairs difficult to cope with. I am also having to work fulltime due to having the mortgage. I need to cut my hours but can't. My Housing Association have been very unhelpful over the whole matter.
The other 7 flats in the block are all 100% rent should i see if they would buy my share back from me?

AffordableHomeAdvice Editor 19/08/2015 at 12:44 pm

You don't say the reasons why you are not allowed to own another property, therefore it makes it difficult to answer your question.

Rugby player 18/08/2015 at 7:00 pm

Could any one answer a querie for me I am interested in purchasing a 70% share of a flat but have heard that I am not allowed to own another property
Thanks

caz 23/07/2015 at 12:53 am

I was just in the process of being a shared owner, on a bungalow for over 55's.
I have just come across your comments regarding shared ownership re selling the property. It has put me off. I live in Manchester. the blog seems to have been written some time ago, do the HA still do what is written above re selling.

elte 19/06/2015 at 8:15 pm

i have surrendered my 50/50 shared ownership. It's now on right move as a 100% sale for almost £12k more than I owe the mortgage lender. What happens with the HA's 50%? Will I be pursued for their half?

AffordableHomeAdvice Editor 22/06/2015 at 11:39 am

@Marilou - you could contact the Housing Ombudsman Service, via the link here who will be able to tell you whether you can make a complaint. You can also look on Zoopla for comparison house prices.

Marilou 19/06/2015 at 9:11 am

Can anybody advise me on this, please? I bought into a share ownership in 2008 when I seperated from my husband. I invested all my settlement into the scheme. A few months ago the landlord had some flats revalued. As I was not available at the time,my next door neighbour gave me a feedback. I was stunned when she told me that she bought her flat at the same time as me for x amount. Our flats are similar on the same floor, with similar structure but It would appear that I had been charged £43,000 more at the time! I let my neighbour know how much I paid and she was surprised too as she said it was unlikely that any flat was sold at the price I mentioned and that I should do my research on this.

How do I find out the cost of those flats in 2008, and assuming that there has been a discrepancy in the price, what can I do?

Annie 02/06/2015 at 11:40 am

My rent has increased yearly too, and will eventually be unaffordable. I would strongly advise anyone not to purchase a shared ownership property. I regret the decision I made, as I am in negative equity, as I am told the property was over valued when I bought it!
In my opinion HA's are poorly run and seem to have more legal rights despite the fact I own a 50% share!

tryingtosell 19/05/2015 at 2:55 pm

I have had my SO property on with the Housing Association for 2 months with not even one person calling. I am now looking to sell both shares of the property as it seems this is the only way it will sell. I have had zero help from the HA.

Having then found a buyer at £10,000 less than the asking price - pretty normal when selling ANY property on the market - i've been told that I have to make up the different in the HAs share between the valuation and the offer, meaning that I have to give Moat, out of the money that I have put into my mortgage for the last 8 years £7,000!!! So not only do I lose out on my own share, which I will have to do as I seem to have no other choice, but I have to pay the HA for a share that they cant sell?! On top of this I have to pay the agents fee full value, and I pay the HA for THIER admin (im sorry, WHAT have they done?!) so from my first property, I cant even walk away with the money I've paid off on the mortgage over the past 8 years. What a complete and utter waste!

AffordableHomeAdvice Editor 19/05/2015 at 12:17 pm

@Marti - most of the information contained in the article covers the process and as regards the costs it really depends upon the individual housing asociation. I suggest you contact your own housing association and request what their process of sale is.

Marti 15/05/2015 at 4:08 pm

I own 30% in the share ownership. does anyone would know how the process of selling the property look like? what is the cost involved? I do really need to find out as not nice neighbourhood at the moment and the rent it's triple my mortgage and goes up every year. and the service charge is like a joke.

lt 29/04/2015 at 10:06 pm

in a shared ownership (50/50) what would happen if you surrender the mortgage and wipe your hands of it!

Elte 29/04/2015 at 10:03 pm

in regards to shared ownership (50/50). What would happen if you "surrender" the mortgage?

Lis86 27/04/2015 at 8:46 pm

Hello - I have been in 50% shared ownership for 7 years - now looking to move - does anyone know how much the HA will take from equity made? ie. do they take half of my equity (on my half) or half of the full property price equity? Thanks

PawelK 27/04/2015 at 6:39 pm

Thanks to everyone who contributed to this conversation forum. Perhaps people happy with shared ownership are unlikely to post positive comments as its in the case of those dissatisfied but this really confirms what I already thought. I will not be getting into this scheme and looking forward to buying my first home outright. I find it very surprising that no one talks about (or cares) single people like myself who are able to save for a decent deposit but would struggle to have high enough salary to obtain mortgage from a bank. I can get one for a low priced one bed flat in London, say, zone three or four but I am aiming to find a teo bed flat for under 200k which seems like a mission impossible, especially in south east.

To everyone in shared ownership - keep your spirit and I hope all will work out for you at the end of your journey.

AffordableHomeAdvice Editor 27/04/2015 at 10:16 am

@Ali - I am sorry to hear that you are caught in this unfortunate spiral. It might be an idea to approach your MP with this problem.

Ali 23/04/2015 at 6:36 pm

I agree I am in a catch 22 situation. My rent keeps going up every year I own 50 % share and at present paying double the rent to cost of my mortgage. You are not allowed to rent out room or rent out house to anyone else and if you need to sell the housing trust make it very difficult. Due to unforeseen circumstances my partner has become unemployed and I am the only adult now working(have a 24 year old who can not find employment though has a degree studied for 4 years). I rang up to explain my problem and asked if I could pay 50.00 a week and they refused this sum wanted 80.00 a week they stated that 50.00 was not acceptable? Where am I supposed to find this money? I have had no help from them and as stated before all the other rented properties in the area have had new bathrooms and kitchens fitted as well as new doors and windows? Please do not buy into this scheme I work within education and have no pay rise in the pipe line for the future and my partner has applied for over 400 jobs with no success he is also a degree qualified within the drugs and alcohol sector. I live in chester which is meant to be a rich area mm not seen it yet.

Nick Editor 15/04/2015 at 12:10 pm

@jack - you would really have to ask relatives if they could buy out your share.

jack 12/04/2015 at 7:36 pm

hi i have a quarter share in a contry property 2 houses knocked into one the house is occupied with my mother who is 89 the house has to be sold when she dies but i would like to sell my share of the property before that can anyone advise ??

Jacq Editor 24/02/2015 at 3:07 pm

@Josie - I'm sorry that your experiences have been bad and there have been a lot of people who have suffered on the back of this. It doesn't help when the housing market has been in decline and there has been a glut of flats on the market. Of course, this means outside London, inside London the housing market is as chaotic as ever.

Josie145 22/02/2015 at 5:56 pm

I really feel for everyone involved this is a total nightmare for people, its so easy to get drawn into it and then it starts to crack, the places deteriorate and you get no help for the other owner usually owning the bigger share, should you fall behind with rent even if you have paid off your mortgage the HA can repossess and take with the house your capital! The Lease even with a house reduces and there is no legal right to extend the HA will make up some illegal plan to get around this as I asked about it they apparently would charge me to create a new lease madness, they make it so complicated and sorry I ever got involved in it at all but lessons learned for everyone, stay renting or buy 100% and I agree with biggestmistakeever they are a bunch of greedy people they do not care about their shared owners, they will do everything to make your life difficult and will not lift a finger to do one repair its all down to you! Of course on the sale they will take a big chunk of profit and equity that you built up for them!

AffordableHomeAdvice Editor 08/01/2015 at 2:09 pm

@frustrated - yes, the housing associations have been under quite a bit of flack due to hidden costs in shared-ownership. Different housing associations have different terms and agreements so it is hard to advise. You would have to look into the small print and I'm afraid you might have to seek further legal advice on this.

frustrated SE19 07/01/2015 at 10:54 pm

I am currently in the process of selling a flat which I have a 30% share in. The housing association had no trouble finding a buyer so I anticipated a quick completion and exchange. I have since been informed by my solicitor that the housing association negotiated with the buyer to acquire a 40% share and the fee for the staircasing has to be met by me.
Can anyone advise me as to whether or not this is correct? My solicitor insists it is the legal requirement although this is not confirmed by the housing association or their solicitors who agree with me that this cost should be met by the buyer.
As a result of this the sale of my property is now in its seventh month!!

Biggest Mistake Ever 20/11/2014 at 9:31 pm

Do not buy shared ownership ever. It is the biggest mistake of my life. what a scam. Housing associations are simply slum corporate landlords full of corrupt spivs. It is not just the sales fees, you have no rights as a leaseholder when you own less than 100%. They rack the rent through the service charge. The buildnig falls apart and they are so unaccountable. I am getting out and cutting my losses. I hate them.

Sarah 16/11/2014 at 2:41 pm

I am just starting out in the process of selling my shared ownership flat and, to be honest, I'm really scared! I've had constant problems with the housing association since I even started the buying process so I don't have much confidence they're going to serve me well for this!
I have received a very badly written letter from them outlining the process which sounds like others have said, I either use them and they charge a 1.5% fee (minimum £1,500, despite the fact my share will probably only be worth around £60,000) or I can go to an estate agent. However, I would need to ensure the agent uses a 'RICS qualified independent surveyor' and that the buyer is certified under some sort of scheme they have!! I've also been advised by a local estate agent that they too would base their fee on 100% of the property value, despite me only owning 50%!!
To top this, there's been no mention from the housing association as to a waiting list in my area, which I understand they're supposed to consult first!
Help! I'm so confused about it all!!

jose145 02/08/2014 at 6:40 pm

I totally agree with Gabbie, I am in the process of selling mine and I am liable for all agents fees on full (even though I own half!) price being sold on open market, to top this the housing association have told me I have to pay all their legal fees as well as my own, this has put me off for years, added to this I have to pay them to do their valuation also to work out their share, rules rules and more rules and a rip off from start to finish. I would never recommend shared ownership to anyone. You are responsible for 100 repairs the housing association own the bigger share and will take no part in maintaining the building despite taking building insurance payments and service charges have done nothing, yet they maintain and refit kitchens in the same road for the social housing tenants, its appalling and a disgrace its allowed to continue. This is why so many shared owners are stuck you walk away with a small profit yes this is true but usually shared owners after selling go into rented property or back to social housing and the whole thing just gave them a long tenancy which in fact is all shared ownership actually is see the case Midland v Haart a court ruled their was in fact no such thing as shared owner that they are just a tenant and in fact the lady in this case lost her house along with all her equity she had built up, Scam jumps to mind and a way to keep waiting lists a bit lower for council properties. I myself gave up my flat to buy into this half witted scheme in hindsight I should have looked into to it more at the time but was carried along like all the others doing it now are, when the new build you buy a share of starts to deteriorate take a look and see how much needs fixing and the landlords who own your other share (fake because they legally own the whole thing) will donothing and let the place rot and when you confront them as to why you are liable to pay their legal fees when selling open market their answer is "its not us who wants to sell the property"!!

Lorraine 07/01/2013 at 1:55 am

I'd like to know more about a shared owner selling their share on the open market? Reading documentation for resales from a2dominion shared ownership properties it states that the shareholder must sell their shares for the amount they were valued at by an RICS Surveyor and I want to know if thisis correct?
I'm currently looking at Zoopla and have found for sale a 30% shared ownership property listed twice with two separate sellers for two different prices?
1st listed for £61,500 with a2dominion and 2nd listing for £79,950 with Campsie estate agent???

The estate agent says the vendor can sell their shares for what they want on the open market due to the seventh schedule on the deed of variation running alongside the lease?? Well I'm lost on what that means and can't find anything to help when researching it.
However on a2dominion website it states the vendor must have a valid RICS Valuation on exchange of a sale and sale price must not exceed the valuation?
How do I know which is correct?
Where can I get help answering this?
I'm interested in the property but the conflicting pricing is concerning me and I don't really know how to proceed.
Have you any advice or information that may help me please? Thank you.

Gabbie 15/08/2012 at 3:38 pm

There is little incentive for the housing association to focus time and effort on re-sales, particularly when they also have new sales in the same area. We are currently trying to sell a shared ownership property and the process of getting to market has taken over three weeks. Delays with administration, booking valuation, website errors, etc. The sale (viewings, administration, etc) is being managed by the area housing manager rather than the sales department.

I believe there should be a review of how shared ownership re-sales are carried out and the co-owner should have more control on how the property gets to market. Furthermore, should the co-owner need to employ a commercial estate agent, it is unfair that they should bear the full cost of the agents' fees, on top of the initial valuation fee to the housing association. The cost should be in proportion to their ownership share.

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