The first step is to inform us of your decision. You should also inform your mortgage lender.

We do not buy the property from you but we have the option to nominate a buyer and we keep a register of people wanting to purchase homes on a shared ownership basis.

If we do not nominate a purchaser within a reasonable time, then you may sell your share of the property on the open market at a price no greater than the formal valuation. We will still have to approve any potential purchaser.

You will receive the full market value of the percentage you own less:

• any rent and service charge arrears provided for by the lease up to the date of the sale

• a small administration fee to Accent Nene for costs incurred in providing information to new purchasers and registering the change in ownership