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What happens when I want to sell my Partial Ownership property?

All properties are sold back to the GHA so that they can be offered to somebody else on the partial ownership waiting list. The price will be at market value, as at the date of the valuation, confirmed by an independent valuer.

 If for example you own 80% of the property, you will receive 80% of the total sale price, whether this has increased or decreased in value. You will need to give the GHA 3 months’ notice if you wish to sell your property.

Example

An example of figures in relation to purchasing a Partial Ownership property (as of October 2020). Please note, all Partial Owner properties in extra care have 2 bedrooms. Figures are based on property value of £350,000.

If you purchaseRent PaymentsService ChargeTotal
40% (£140,000)£283.11 p/m£303.00 p/m£586.11 per month
50% (£175,000)£235.92 p/m£303.00 p/m£538.92 per month
60% (£210,000)£188.74 p/m£303.00 p/m£491.74 per month
70% (£245,000)£141.56 p/m£303.00 p/m£444.56 per month
80% (£280,000)£94.37 p/m£303.00 p/m£397.37 per month