Selling your flat
This page contains information about selling your flat, and the steps you will need to take when you do so.
We will charge solicitors for any enquiries they make about the proposed sale of your flat and for providing the information required.
Repayment of discount
If you applied for the Right to Buy on or after 18 January 2005, and wish to sell within five years of buying, you will need to repay discount. The calculation to determine the amount of discount to be repaid is different for each flat. Please contact our Sales Officer for individual advice.
You need to advise our leasehold officer within two months of the sale being completed.
Notice of assignment
Your purchaser’s solicitor must make sure that we receive a copy of the notice of assignment. The amount charged by us for this notification is stated in your lease.
The solicitors acting for both parties are responsible for splitting charges accordingly, on completion of the sale. If there are any service charges outstanding, these will have to be paid before completion.
It is usual for your solicitor to withhold an amount of money from the sale of the flat to pay the adjustment for the actual expenditure in the previous financial year. Any surplus money is returned to you once the actual accounts are raised.