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Selling your property
How will this affect my discount?
If you sell your home within five years of buying it, you will have to pay back some or all of the discount. The amount of discount you have to pay back will be a percentage of your home's market value when you sell it.
The legal process
If you want to sell your home, you must give us details of the solicitor who is acting on your behalf to sell the property. The solicitor will ask us for information about your service charge accounts. They may ask questions if we are planning any major work and other lease related information. There is a charge for providing this information to your solicitor.
We expect you to pay any bills for service charges, building insurance, ground rent and major works on your account in full up until the end of the financial year. You will need to do this on, or before the date you complete the sale. Your solicitors will be responsible for claiming from the purchasers solicitors and monies due from the date of completion until the end of the financial year on 31 March.
Once the sale has completed, the purchaser’s solicitors must send us a notice of transfer/assignment within four weeks before we are able to update our records with the new owner’s details. If the purchaser’s solicitors do not do this, we will continue to charge you for services and any problems that may arise.
