As a leaseholder who owns the entire lease you have the right to sell your home privately or through an estate agent.
While you do not need our permission to sell your home we would recommend that you inform the Lea Valley Homes Sales team to ensure the process runs as smoothly as possible and that we are aware of your forwarding address as well as any other important information.
If you purchased your home under the Right to Buy or Right to Acquire you may need to pay all or part of the discount back depending on how long you have owned the property.
Once you have found a buyer we recommend you use a solicitor or licensed conveyancers. During the sales process your solicitor should contact us and we will provide all the information they need in order to complete the sale. There is a charge made by us in respect of these enquiries and we also charge to register the Notice of Transfer on behalf of the purchaser. These charges are subject to VAT.
If you are looking to move and to sell your share of your home, you must contact us first. We have eight weeks to nominate a prospective purchaser under the terms of your lease.
The price your share will be sold for is determined by an independent valuation by a RICS (Royal Institute of Chartered Surveyors) qualified valuer. You will have to pay for this valuation.
If we are not able to find someone to buy your home, you are then free to sell on the open market through an estate agent, using the RICS valuation.
If we are successful in nominating a purchaser for you, you will need to pay a ‘sale fee’ on completion, which is subject to VAT. You will also be required to pay solicitors’ fees in respect of selling your share in your property. The purchaser will also be required to pay a Notice of Assignment fee and a Notice of Transfer fee, which are also subject to VAT.