{"id":548,"date":"2015-08-23T00:00:00","date_gmt":"2015-08-23T00:00:00","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/selling-affordable-housing\/"},"modified":"2018-02-20T02:03:53","modified_gmt":"2018-02-20T02:03:53","slug":"selling-affordable-housing","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/selling-affordable-housing\/","title":{"rendered":"Selling Affordable Housing"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<div><span style=\"font-family: Verdana; font-size: 10pt;\"><img loading=\"lazy\" src=\"\/uploads\/media\/home-owners.jpg\" alt=\"\" width=\"300\" height=\"300\" align=\"right\" border=\"0\" \/><a class=\"wl-entity-page-link\" title=\"affordable\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/affordable-housing\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/affordable_housing;http:\/\/rdf.freebase.com\/ns\/m.09jvc1;http:\/\/dbpedia.org\/resource\/Affordable_housing\" >Affordable housing<\/a> or \u00a0<a class=\"wl-entity-page-link\" title=\"Equity sharing\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/equity-sharing\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/equity_sharing;http:\/\/rdf.freebase.com\/ns\/m.05y30j;http:\/\/dbpedia.org\/resource\/Equity_sharing\" >shared-ownership<\/a> occurs when \u00a0for instance, the buyers purchases a minimum 25 per cent of a new-build <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >property<\/a>, while a <a class=\"wl-entity-page-link\" title=\"housing associations\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/housing-association\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/housing_association;http:\/\/yago-knowledge.org\/resource\/Housing_association;http:\/\/rdf.freebase.com\/ns\/m.01lljw;http:\/\/dbpedia.org\/resource\/Housing_association\" >housing association<\/a>, or registered social <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/landlord\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/landlord;http:\/\/rdf.freebase.com\/ns\/m.02mx_6;http:\/\/dbpedia.org\/resource\/Landlord\" >landlord<\/a> (RSL), owns the rest, for which they charge a subsidised <a class=\"wl-entity-page-link\" title=\"Renting\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/renting\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/renting;http:\/\/rdf.freebase.com\/ns\/m.01y857;http:\/\/dbpedia.org\/resource\/Renting\" >rent<\/a>. The buyer can then buy more shares as he or she can afford them, generally up to 100 per cent of the property, in a process known as \u201cstaircasing\u201d. Buying seems easy but what about selling? Well the RSL has a big role to play in selling an affordable <a class=\"wl-entity-page-link\" title=\"homes\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/housing-estate\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/housing_estate;http:\/\/rdf.freebase.com\/ns\/m.01rtvp;http:\/\/dbpedia.org\/resource\/Housing_estate\" >home<\/a>.<\/span><br \/>\n<span style=\"font-family: Verdana; color: #3398cc; font-size: 12pt;\"><br \/>\n<strong>The definition of a RSL<\/strong><\/span><\/div>\n<div><span style=\"font-family: Verdana; font-size: 10pt;\"><strong>Registered Social Landlords<\/strong> are government-funded not-for-profit organisations that provide affordable housing. They include housing associations, <a class=\"wl-entity-page-link\" title=\"trust fund\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/trust-law\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/trust_law;http:\/\/rdf.freebase.com\/ns\/m.07mrj;http:\/\/yago-knowledge.org\/resource\/Trust_law;http:\/\/dbpedia.org\/resource\/Trust_law\" >trusts<\/a> and cooperatives. They work with local authorities to provide homes for people meeting the affordable <a class=\"wl-entity-page-link\" title=\"Home\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/home\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/home;http:\/\/rdf.freebase.com\/ns\/m.01l0mw;http:\/\/dbpedia.org\/resource\/Home\" >homes<\/a> criteria. As well as developing land and building homes, RSL undertake a landlord function by maintaining properties and collecting rent.<\/span><\/div>\n<p>&nbsp;<\/p>\n<div>\n<p><span style=\"font-family: Verdana; color: #3398cc; font-size: 12pt;\"><strong>So you want to move from your affordable home <\/strong><\/span><span style=\"font-family: Verdana; font-size: 10pt;\"><\/span><\/p>\n<p>This may sound simple, but affordable <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/housing\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/housing;http:\/\/rdf.freebase.com\/ns\/m.0q3zhcj;http:\/\/dbpedia.org\/resource\/Housing\" >housing<\/a> or shared ownership schemes can mean that selling your home \u2014 because you want to move for a job, relationship, or you need more space for a family \u2014 can be complicated. Your <a class=\"wl-entity-page-link\" title=\"leasing\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/lease\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/lease;http:\/\/rdf.freebase.com\/ns\/m.03x_d3f;http:\/\/dbpedia.org\/resource\/Lease\" >lease<\/a> should state any restrictions set by the housing association (all the more reason to be well advised when signing up).<span style=\"font-family: Verdana; font-size: 10pt;\"><br style=\"font-size: 12pt;\" \/><br \/>\n<\/span><span style=\"font-family: Verdana; color: #3398cc; font-size: 12pt;\"><strong>The small print<\/strong>\u00a0<\/span><\/p>\n<\/div>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">Affordable-housing landlords typically require a \u201cnomination period\u201d of two months, during which they will try to find a buyer themselves to keep the property within the affordable housing sector. This period should start when you sign official forms expressing your desire to sell, but there have been cases when it has not applied until the property goes up on the RSL website, meaning a longer waiting period for the owner.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Affordable housing or \u00a0shared-ownership occurs when \u00a0for instance, the buyers purchases a minimum 25 per cent of a new-build property, while a housing association, or registered social landlord (RSL), owns the rest, for which they charge a subsidised rent. The<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/selling-affordable-housing\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16,8],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/selling_affordable_housing","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/548"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=548"}],"version-history":[{"count":4,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/548\/revisions"}],"predecessor-version":[{"id":15148,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/548\/revisions\/15148"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=548"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}