Sell your home
The process for selling your home is set out in your lease. Leases are not all the same so this information is just a general guide.
If you are a shared owner and you want to sell your share in your property, Metropolitan will have the first chance to find a buyer for you. This is designed to enable us to sell your home to someone who would otherwise be priced out of home ownership. This clause can be found within your lease. Your lease will tell you how much time we have to find a buyer for your home. This is known as the nomination period and is usually 8 weeks although some properties in the Midlands are 6 weeks.
If Metropolitan is able to nominate a buyer for you, we will charge a Resale Administration fee at the time of completion. This is 1% of the full market value of your property, plus VAT . This is usually cheaper than a high street estate agent.
If Metropolitan cannot find a buyer for your home by the end of the nomination period you do not have to pay a Resale Administration fee to pay. Once the nomination period expires, you can sell your home via an estate agent on the open market.
For further information please refer to the Resales Information Pack on this page.
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