Proposed sale of shared ownership properties
We recently held a consultation on the potential sale of our share of some shared ownership properties to a more specialist housing provider.
Thank you to everyone who shared their views during the consultation. Taking your feedback into account, we have made the decision to proceed at this point and look for a buyer.
Please be assured that your rights and lease will not change. The share of your home that you currently own would remain the same, and you would still have the option to buy more shares in your home in the future if you wish.
This proposal would mean the part of your home that you do not own, and on which you pay an annual rent, would no longer be owned by Sanctuary. You would continue to pay rent on the part of your home you do not own, but this would be collected by the new landlord.
What are the next steps?
We are currently considering potential offers from other housing providers. It is important to us that these landlords have similar values to ours – they must be committed to putting customers first and providing a high-quality service.
We also require any landlord to be registered with the Regulator of Social Housing, so they have to follow the same standards we do. Your home will stay in the regulated social housing sector.
We will only move forward with a sale if the buyer meets these standards. If we identify a suitable potential buyer, we will share the details with you and there would be a second consultation to allow you to share your views. After this, all feedback would be taken into consideration before a final decision is made.
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Need to get in touch?
We’re here to help if you have any further questions or concerns. You can contact a member of our team by completing the form below.