Selling shared ownership flat

[fingerbobz]

Hi

Has anyone sold their shared ownership property? How long did it take?

The bottom of our chain is a SO flat

It's taking forever

Five months and counting

Everything is in place except for the sale of this blasted flat that's holding us all up

Are they selling it as shared ownership or on the open market. With mine you can just sell on the open market and pay housing association the percentage they own. Around my area they are listed as both so buyers can choose the way they prefer to purchase.

It's a question about the sale of a shared ownership property

Not a question about selling a flat on the open market

Sorry if my question wasn't clear

If the bottom of your chain is owned 100% it can be sold on the open market (unless it has a ‘designated protected area - mandatory buyback’ lease).

If only a share is owned, the gov.uk explains "..the landlord has a ‘nomination period’. This means the landlord has a period of time (4, 8 or 12 weeks, depending on the lease) to find a buyer.
The landlord may offer to buy back your share, but only in exceptional circumstances and if they have the funds.
If the landlord does not find a buyer within the nomination period, you can sell your share yourself on the open market."

More here
https://www.gov.uk/shared-ownership-scheme/selling-your-home

So I suppose it depends what proportion of property at the bottom of the chain is owned, when the landlord was given notice if necessary, whether the landlord has kept to the timetable, whether the landlord has found a buyer and if not, whether the person at the bottom of the chain has put the property on the open market and found a proceedable buyer.

I understand all that stuff

The flat is partly owned by a housing association and presumably still will under the new ownership

Does anyone have any experience of selling one of these damn places snd HOW LONG did it take?

There's a buyer and the place has been under offer for about 6 months

The conveyancing is taking a very long time

Bump

Does anyone have any experience of this and how long did it take to get from offer to completion?

Can you all put pressure on the housing association? That's where it'll be held up

We sold ours and it took a long time, I don't think quite 5 months but at least 4. The HA were the ones that held it up, they wouldn't provide the management pack and it took twice daily phone calls from me to get them to do it. The ones selling the flat need to ramp up the pressure.

I sold my SO property and the process from start to finish took just over three months (like three months and two days or something!) agree with pp that the housing association will be where the hold up is, I only got mine through as quickly as I did because I put massive pressure on them and escalated when things were taking too long. Do you have direct contact with the people at the bottom of the chain to try and encourage them to do this?

My sale fell through last year because of the HA. Same situation as PP with management pack. Constant nagging from me but the buyer ran out of money and had to pull out.

I was livid. Cash buyer, no onward chain, total incompetence from HA.