Leaseholders

When you sell, your solicitor must serve the appropriate notice (for example a Notice of Assignment) so our records can be updated. If you wish to sell your former Council flat or maisonette you should consider the following:

• To sell within 10 years of buying you will be required to give us the right of first refusal to repurchase your home. If we do not wish to repurchase, you will require a Certificate of Compliance, the fee for which is currently £150.
• To sell within five years of buying you will be required to repay a percentage of the Right to Buy discount you received based upon the current selling price. An exact figure will be provided at the relevant time.

When you have secured a buyer, it is likely that your buyer’s solicitor will request a Management Pack, often referred to as an LPE1 form. This document will disclose details of the lease to your buyer, the home and the annual service charge including ground rent. The fee for the form is currently £60 and is routinely paid for by the seller. Once the fee has been paid, the form will be returned within 28 days.