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  12. Selling your First Home

Selling your First Home

This page provides details on the process you need to follow if you wish to sell your First Home.

If you wish to move home, you can sell your First Home to another eligible purchaser but there are a few points you will need to be aware of:

  • The percentage discount that applied when you bought the First Home would also apply to the sale price. In most cases, this will be 30%
  • The percentage discount is fixed and cannot change, even if you have made improvements to your home
  • You will need to obtain a RICS valuation for your property which shows the 100% Market Value before the First Homes Discount is applied
  • The property can only be sold at a maximum of 70% of the Full Market Value.

You can market your property through any estate agent that you choose however you must make them aware that your property should be advertised and sold as a First Home and follow the eligibility requirements that are in place for your property.

Your estate agent will be required to assess the eligibility of the prospective buyer and assist them in completing the application process and submit the required form and evidence to the Council.

In most cases, you (the seller) will be required to pay a £150 fee to the Council prior to the Council issuing the Authority to Proceed for your property. This fee is to cover the administration cost of processing a First Home application.