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.
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 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 purchaser's solicitors and money due from the date of completion until the end of the financial year on the 31st March.
Once the sale is 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 you will be responsible for any problems that may arise.