I'm selling my house to a Co-Ownership customer. How does it work?

When you're selling your home to someone buying with Co-Ownership, you're still selling 100% of the property. The only difference from a traditional house purchase, is that Co-Ownership funds part of the purchase with the buyer. From your perspective, the sale progresses as normal.

Here’s how it works: If your buyer has a Co-Ownership Approval, we have already completed a full affordability check and are ready to support their purchase. Their Approval is valid for 4 months (or 6 months if they're applying for Co-Ownership for Over 55s, you can ask them to check) and gives them confirmation of the total house price we'll support them up to.

When you go sale agreed with our customer, we carry out a property assessment (similar to a lender’s valuation) to check it meets our criteria. And when that's approved, the solicitors progress the legal work through to completion.

If you would like further information about Co-Ownership, we’re happy to answer any questions you may have. You can call us on 028 9032 7276 or send us an email.