Discount Market Sale
DMS Resale Rules
What happens if you want to sell your DMS home?
DMS properties are subject to permanent discount — this means your home must always be sold at 80% of its market value to a buyer who meets all the same eligibility criteria.
DMS Resale Rules
1. Independent Valuation
- You must obtain a valuation from a RICS-registered surveyor.
- The sale price is calculated as:
Open Market Value minus 20% = DMS Price
2. Marketing & Buyer Approval
- Your home must be marketed according to the Council’s approved disposal strategy, typically through local estate agents and/or specialist affordable housing platforms.
3. Council Approval – Compliance Certificate
- Before exchange of contracts, you must apply for a Compliance Certificate from the Council.
The certificate confirms:
✔ The buyer meets all eligibility criteria.
✔ The sale price reflects the correct 20% discount.
- No sale can legally proceed without this certificate.
- The seller (or their solicitor) must apply to the Council for this certificate before any sale can proceed.
4. Title Restriction
- A legal restriction is registered on the Land Registry title of the property.
- This ensures that:
- The DMS discount remains in place permanently.
- The resale process always includes council oversight and buyer vetting.
- No future sale (except in repossession cases) can proceed without a new Compliance Certificate.
Please speak to our sales team for more information.
