Selling your home
If you want to sell your shared ownership home with Catalyst Housing Limited, you will need to contact the Lea Valley Homes Sales Services team, and we will forward a sellers information pack to you. Lea Valley Homes (LVH) is the sales and marketing arm of Catalyst Housing Limited.
You will need to instruct a surveyor to value your home and they must be Royal Institute of Chartered Surveyors accredited (RICS) and you will also need to obtain an Energy Performance Certificate (EPC).
When you purchased your shared ownership home through Catalyst you will have been issued with a lease wherein is a clause stating when you come to sell your property you have to allow Catalyst a number of weeks to sell your property on your behalf - this is called the 'nomination' period. Generally this is a period of 8 weeks but this may vary, and marketing will start when the Sales Services team has received from you all the required documentation we need to start marketing your home for sale.
We will advertise your property on Rightmove, www.leavalleyhomes.co.uk and the local Help to Buy Agents website www.helptobuyese.org.uk. We will keep you informed of progress and arrange viewings. We will liaise with you and your solicitor and respond to ad-hoc enquiries etc until the sale is completed.
There are costs associated with selling your home such as Agents, Solicitors, Leasehold enquiries. We do charge an inclusive fee for selling your home and this and any other fees that may be payable will be stated in your initial letter and information pack.
After the nomination period has expired, you are free to offer your property for sale on the open market, possibly with an estate agent, or continue allowing Catalyst to find a buyer for you. If you choose to instruct an estate agent, Catalyst will cease to market your property, but will still have to approve your buyer. In these circumstances, the fee payable for response to your solicitor's leaseholder enquiries etc is as stated in your initial letter and information pack.
REMEMBER YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED AGAINST IT.