Selling shared ownership

[Thingsthatgo]

My DSis has turned to me to help her sell her shared ownership flat. Im a bit worried because she thinks it'll get snapped up and she's going to get a huge profit from her share.
She thinks she will be able to sell it to anyone who wants to buy the flat, but I think she is wrong, that it has to stay a shared ownership property.
She never bought any more that the original 30%, so that might work in her favour. The service charges have gone up enormously since she bought, so I am worried that'll put buyers off.
Anyone sold a shared ownership who can give me some advice so I can help her, please?

I have currently sold STC, but I don’t really understand the question? She won’t be able to sell it to anyone, that person will need to have an assessment first with the housing association to make sure they meet their criteria.

I have a friend who is selling a flat in central London, it's taken a while but he was able to sell 100% as the housing association also agreed to sell their share.

First thing to do would be talk to the Housing Association, as they normally have the right to try and sell it first, then get a valuation.

Yes I think your SIL is misinformed....

@excitedtomove so it is possible then? Did your friend have to try to sell it as shared ownership for a certain amount of time first? I don't want to squash DSis's dreams, but I think she needs to be realistic.

Whether she can sell to anyone will depend on what the housing association say. They might allow staircasing to 100% at the same time as selling.

We sold one about 10 years ago now. We had to offer it back to the housing association to advertise for 6 weeks and then we were free to sell with any estate agent at either 100% or they could take it on as shared ownership. It was actually really simple.

I think he had to try through the housing association first for the 30% he owned then was allowed to market it to the wider market. Check with the housing association, it probably varies between them and they will be the only ones to be able to tell you/your sister for sure.

You usually have to pay for a RICS valuation and then sell the property at that fixed price.

Thanks all. Looks like it's more flexible than I feared. She's owned it for 5 years, but bought it from new and only has £100k share in it, so I hope there's a bit of profit after paying legal fees etc. she's got her heart set on moving up the ladder.