We hope you have enjoyed every minute of living in your home. If you've decided it's time to move on, there are a few things that are helpful to know beforehand. See below for more information.
Selling your home
Selling your home
- You’ll need to make the purchaser aware of the conditions in your lease, and anything else that you have been made aware of during your ownership.
- Keep all your paperwork safe (this includes consultation papers, service charge invoices etc) as you may need to refer back to them later on.
- At the point of sale, your solicitor will contact us requesting an ‘information pack’ about the property, which they may give to the purchaser’s solicitors. This will incur an administration fee of £200+ VAT. Once you have paid the fee we can issue the pack.
- Under your lease, your solicitor must let us have a copy of the legal documents transferring the lease within 28 days of sale. Until we are notified in writing, demands for service charges and ground rent will still be sent to you after the sale.
Paying back the 'Right to Buy' discount.
If you applied to purchase your home on or after 18th January 2005 the amount of discount repayable will be based on the increase in the sale value of the property, since the right to buy sale and the repayment period will be five years.
The five-year repayment period is calculated as follows:
- Within Year 1 - Full discount repayable
- Within Year 2 - Four fifths of the discount is repayable
- Within Year 3 - Three fifths of the discount is repayable
- Within Year 4 - Two fifths of the discount is repayable
- Within Year 5 - One fifth of the discount is repayable
- After 5 Years - No discount is repayable
Careful organisation and forward planning can minimise the stress of moving. Use our moving checklist to guide you through the weeks leading up to the moving day.
