When you decide to sell your home, there are different steps you need to take depending on whether you are a leaseholder or a shared ownership leaseholder.
If you are a leaseholder
If you are a leaseholder you can sell your home on the open market.
When you have found a buyer and accepted an offer, your solicitor will contact our Legal Officer.
We will provide you with a memorandum of sale and a sales information pack.
Please note: There is a fee for the sales information pack.
If you are a shared owner
If you are a shared owner, you can sell your share of your home by transferring your lease to another person.
To transfer your lease, you will need to have your home valued by a RICS registered surveyor so that we can agree the maximum sale price for your share.
Under the terms of your lease, we have the option to buy back your home or to nominate a purchaser. Your lease states the length of time that we have to do this (normally six - eight weeks).
If we do not buy back your home or nominate a buyer, we will give you permission to sell your property on the open market. Please note that you will be selling 100% of the property. This is known as a ‘simultaneous staircase and sell on’.
When you have found a buyer and accepted an offer, your solicitor will contact our Legal Officer and we will provide you with a memorandum of sale and a sales information pack.
Please note: There is a fee for the sales information pack.
Please contact your Leasehold Officer for more information.