How to sell your home

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "How to sell your home"

Transcription

1 Selling your home

2

3 How to sell your home As a homeowner you may choose to sell you home. If you decide to sell your home, you first need to look at your lease to see if there are any restrictive clauses preventing you from selling your home on the open market. If you are a shared owner your lease normally allows a nomination period of 12 weeks which allows us to try to find a buyer for your home. This is so the property stays available for low-cost home ownership. If you are a leaseholder you ask an estate agent to help sell your home on the open market. If you are not sure, please contact the Sales and Leaseholder Adviser for advice on

4 How much will I sell my home for? The sale price of your share will be based on an open market valuation, which will take into account any improvements you have made. We will help you to arrange for a valuation by an independent chartered surveyor (RICS). See our current fees under Legal fees on our website The valuation report will be sent to the Sales and Leasehold Adviser. While your home is for sale you must have an up to date valuation (valuation lasts for 3 months). Once it is out of date you must get a new valuation from your original valuer. What if I am behind with my mortgage payments? If you are behind with your mortgage please tell us before your home goes on sale, you will also need to check with your lenders to see if they will allow you to sell your share. You should also make sure you are up to date with your rent before you sell your home.

5 What else do I need to arrange before my home can be put on the market? Before your property goes on sale you will need to provide an Energy Performance Certificate (EPC). An EPC is an assessment of the energy efficiency rating and environmental impact rating of your home. The rating helps prospective buyers compare the fuel and carbon omissions of one home with another. Yours Sales and Leasehold Adviser can arrange for an EPC to be carried out for you. See our current fees under Legal fees on our website How much will you charge for selling my property? We charge an administration fee based on the percentage share you own. The charges will be detailed in your lease; this is usually 1% of your share.

6 How will you find a buyer for my property? To help you sell your home we will: advertise your property details on our website and through the local property paper erect a For Sale board with your consent contact the relevant Homebuy Agent or local council for a list of suitable applicants. check whether buyers qualify for the part buy, part rent scheme. cut suitable buyers in touch with you (you will need to show them around your home) instruct our solicitors and deal with your solicitors once a buyer is found. monitor the sale through to completion.

7 Your sale Once you think you have a buyer, you will need to find a solicitor to deal with the legal work. You should get quotes from several solicitors to make sure you choose one who will offer you a reasonable price for their service. Your solicitor will need a copy of your lease before they start work. They will be responsible for drawing up the contract for sale and liaising with your buyer s solicitor to ensure that the exchange of contracts happens as quickly as possible. We will reply to any specific leasehold enquiries. There is a charge for this service, see our current fees under Legal fees on our website When your property is sold, the lease will be assigned to the purchaser and your solicitor will arrange for a copy of the transfer to be sent to us. When completion is agreed the outgoing leaseholder must inform us of the date of completion.

8 Your costs When you sell your home you have to pay a number of costs. In addition to any estate agent s commission, you will also have to pay: any mortgage payment due to your bank or building society your solicitor s fee our solicitor s fee (if this is a shared ownership sale) notice of transfer fee We do not apportion service charges or ground rent following assignment of a lease, so any outstanding balances on completion of the sale will be transferred to the account of the new leaseholder. It is expected that arrangements will be made regarding any outstanding balances between the solicitors acting for both parties.

9 Repayment of Right to Buy discount If you bought your home under the Right to Buy, you can sell your home whenever you like. But if you sell within the repayment period you will need to repay some or all of the discount according to the length of time that has passed since the purchase. If you purchased your home after the 18 January 2005 and sell within 5 years of purchase. If you sell within the first year of purchase, all the discount will need to be repaid. Four fifths must be repaid if you sell in the second year, three fifths in the third year, two fifths in the second year and one fifth in the fifth year. After 5 years, you can sell without repaying any discount. In addition, the amount of discount to be repaid if you sell within 5 years of purchase will be a percentage of the resale value of the property, disregarding the value of any improvements. You will also be required to repay some or all of the discount you received when you purchased your home if you enter into an agreement to transfer your property to a third party in the future. The discount repayment is triggered from the date you enter into the agreement. For more information contact your Sales and Leasehold Adviser on Right of first refusal If you purchased your home under the Right to Buy scheme on or after 18 January 2005, and you wish to sell or dispose of your home within 10 years, you will be required to offer it to either your former landlord or to another social landlord in your area at full market value.

10 Useful tips for moving on change your address details with your bank, the Revenue and Benefits Department, your employer, and any other contacts you may wish to arrange for your mail to be re-directed tell the Local Authority your new address and moving in date if you are receiving council tax or housing benefit contact gas, electricity and water supplier to come and read the meters and register accounts in your name. You may also find it useful to take your own reading and check them when you get your first bill

11 Useful contacts Worthing Homes Sales and Leasehold Adviser Repairs RedAssure/Telecare Finance department Fax number Other Worthing Borough Council Adur District Council Arun District Council Brighton and Hove City Council Gas (Transco) Southern Water Leasehold Valuation Tribunal Leasehold Advisory Service (LEASE) Citizen Advice Bureau Social Services Sussex Police West Sussex Fire and Rescue Service National Domestic Violence Hotline Worthing Hospital Jobcentre Plus Your contacts

12 Please contact Corporate Services if you would like this report in Braille, large print, audio version or in another language. Telephone or This document is also available to download in this format from our website, 04/12 Version 1

Selling your shared ownership home

Selling your shared ownership home Selling your shared ownership home Selling your shared ownership home Thank you for your enquiry about selling your property. This step by step guide will, we hope, provide you with an easy to follow process

More information

A guide to selling your shared ownership property

A guide to selling your shared ownership property A guide to selling your shared ownership property You may sell your shared ownership property at any time at its current market value. Your first step should always be to tell Housing Solutions (HS) that

More information

How to buy your home. Yate 01454 821100 Kingswood 01454 821300 Patchway 01454 821500. www.merlinhs.co.uk

How to buy your home. Yate 01454 821100 Kingswood 01454 821300 Patchway 01454 821500. www.merlinhs.co.uk The information in this leaflet is also available in other languages, in larger print, Braille or on audiotape or CD. Please contact the customer service team at your area housing office if you need any

More information

Section 121AA Housing Act 1985. Information to help tenants decide whether to exercise the Right to Buy

Section 121AA Housing Act 1985. Information to help tenants decide whether to exercise the Right to Buy Section 121AA Housing Act 1985 Information to help tenants decide whether to exercise the Right to Buy April 2012 SECTION 121A HOUSING ACT 1985 INFORMATION TO HELP TENANTS DECIDE WHETHER TO EXERCISE THE

More information

Selling your home. Better homes and better services for better lives. Better homes and better services for better lives

Selling your home. Better homes and better services for better lives. Better homes and better services for better lives Selling your home Selling your home You are able to sell your home whether you own a share or own the property outright. This process is known as assignment. It is important to write and tell us before

More information

Thinking of buying? Your right to buy your council home

Thinking of buying? Your right to buy your council home Thinking of buying? Your right to buy your council home Buying your home is probably the biggest financial decision you will ever make so it s important to consider whether it is the right choice for you.

More information

Residents guide to... Selling your shared ownership home

Residents guide to... Selling your shared ownership home Residents guide to... Selling your shared ownership home Residents guide to... Selling your shared ownership home You can sell your shared ownership property at any time. Your lease gives Saxon Weald the

More information

Your Right to Buy Your Home: A guide for tenants of councils, new towns and registered social landlords including housing associations

Your Right to Buy Your Home: A guide for tenants of councils, new towns and registered social landlords including housing associations Your Right to Buy Your Home: A guide for tenants of councils, new towns and registered social landlords including housing associations Your Right to Buy Your Home: A guide for tenants of councils, new

More information

A guide to selling your shared ownership home

A guide to selling your shared ownership home A guide to selling your shared ownership home Index Selling your shared ownership home 2 Valuing your home 3 Energy Performance Certificate 3 Advertising your property 3 What happens when a prospective

More information

Information to help tenants decide whether to exercise their Right to Buy

Information to help tenants decide whether to exercise their Right to Buy THINKING OF BUYING YOUR COUNCIL HOME? Information to help tenants decide whether to exercise their Right to Buy Introduction When buying a council house or bungalow, you will purchase the freehold and

More information

Buying more shares in your home

Buying more shares in your home Buying more shares in your home Buying more shares in your home Decided you might like to staircase (this is what we call buying more shares in your home)? What do I need to do first? 2 Decided you might

More information

BUYING YOUR HOME TENANTS GUIDANCE

BUYING YOUR HOME TENANTS GUIDANCE BUYING YOUR HOME TENANTS GUIDANCE CONTENTS Introduction Page 1 The Right to Buy / Right to Acquire Process Page 2 Can you afford it? Page 2 Buying a flat or leasehold house Page 3 Rent arrears and buying

More information

new-build homebuy South Staffordshire Housing Association

new-build homebuy South Staffordshire Housing Association new-build homebuy South Staffordshire Housing Association What is new build HomeBuy? New build HomeBuy, also widely known as shared ownership, is a government-funded scheme to help first-time buyers buy

More information

Want. to make. your. home. your. own? Find out if this could be the right time to consider buying. Your Right to Buy

Want. to make. your. home. your. own? Find out if this could be the right time to consider buying. Your Right to Buy Council or Housing Association tenants Want Your Right to Buy to make your home your own? Find out if this could be the right time to consider buying 1 Contents Why you might like to buy Why you might

More information

Your Home. Your Right To Buy. Your Home

Your Home. Your Right To Buy. Your Home Your Home Your Right To Buy Your Home Contents Introduction Page 03 Can I buy my home? Page 05 Preserved Right to Buy and Right to Acquire...what do they mean? Page 06 Do I qualify for the Preserved Right

More information

What is shared ownership?

What is shared ownership? What is shared ownership? Shared ownership is a form of low cost home ownership that combines renting with buying. It is aimed at people who want to have a stake in owning their home but can t buy outright

More information

We can help with SELLING A RESALE PROPERTY

We can help with SELLING A RESALE PROPERTY We can help with SELLING A RESALE PROPERTY Contents Introduction 2 What are the costs involved? 3 Are there any restrictions on selling? 4 How do I sell? 5 Frequently asked questions 8 Top tips to help

More information

Affordable Home Ownership YOUR GUIDE

Affordable Home Ownership YOUR GUIDE Areas We Cover as a HomeBuy Agent Affordable Home Ownership YOUR GUIDE Registered Head Office Jubilee House, Stenson Road, Coalville, Leicestershire LE67 4NA Tel: 0844 892 0112 Fax: 01530 276033 For general

More information

Your Choice Equity Loan Scheme

Your Choice Equity Loan Scheme Your Choice Equity Loan Scheme Assisting aspiring homeowners to get on to the property ladder Catalyst Housing (Catalyst) is a leading housing association delivering affordable homeownership products across

More information

We can help with BUYING A RESALE PROPERTY

We can help with BUYING A RESALE PROPERTY We can help with BUYING A RESALE PROPERTY Contents Buying a Resale property 2 Why buy through a Shared Ownership scheme? 2 Who are Family Mosaic? 3 When I buy a resale property, what am I buying? 3 I

More information

Redeeming your equity loan

Redeeming your equity loan Redeeming your equity loan Information for leaseholders Equity loan redemption... Your questions answered Q: What is equity loan redemption? A: Equity loan redemption is when you pay back the loan given

More information

Your Right to Buy Your Home:

Your Right to Buy Your Home: Your Right to Buy Your Home: A guide for tenants of councils, new towns and registered social landlords including housing associations April 2015 Department for Communities and Local Government Crown copyright,

More information

Who can buy? Right to buy your current home

Who can buy? Right to buy your current home 8 Buying your home Buying a home is a major decision and a big financial commitment. There are extra expenses both before and after the sale that you need to consider. As a homeowner, you will have added

More information

Right to Buy your home

Right to Buy your home Right to Buy your home Plymouth Community Homes tenant s may have the right to buy the home they rent at a discounted price through the Right to Buy scheme. The Right to Buy scheme is a Government back

More information

Your guide to the Vale of White Horse District Council Open Market Equity Loan Scheme

Your guide to the Vale of White Horse District Council Open Market Equity Loan Scheme Your guide to the Vale of White Horse District Council Open Market Equity Loan Scheme Making your aspiration of homeownership a reality Your Home, Your Choice For eligible people living or working in the

More information

Thinking of Buying Your Council Flat?

Thinking of Buying Your Council Flat? Thinking of Buying Your Council Flat? Things to consider before you buy a flat where the freeholder is a council, housing association or other social landlord May 2015 Department for Communities and Local

More information

Your Choice Equity Loan Scheme

Your Choice Equity Loan Scheme Your Choice Equity Loan Scheme Catalyst Housing covers London and the South East of England. South Bucks District Council Equity Loan Scheme Low-interest equity loan mortgages are designed to boost affordability

More information

Sentinel Shared owners guide to staircasing

Sentinel Shared owners guide to staircasing Sentinel Shared owners guide to staircasing How to buy further shares in your home Making a difference What s staircasing? Once you ve completed your purchase you can buy more shares in your home. This

More information

A step by step guide to selling your shared ownership property

A step by step guide to selling your shared ownership property A step by step guide to selling your shared ownership property Thank you for your enquiry about selling your shared ownership property. Here s a step by step guide together with details of the costs and

More information

Resales. How to sell your shared ownership home

Resales. How to sell your shared ownership home How to sell your shared ownership home How to sell your shared ownership home This guide applies to you if you are the shared owner of a Southern Home Ownership or Southern Housing Group Ltd property.

More information

Your Right. to Buy. A guide for Scottish Secure Tenants

Your Right. to Buy. A guide for Scottish Secure Tenants Your Right to Buy Your Home A guide for Scottish Secure Tenants Your Right to Buy Your Home About this booklet This booklet is for Scottish secure tenants. If you are not a Scottish secure tenant, you

More information

Resale guide A step-by-step guide to selling your home. LiveLife

Resale guide A step-by-step guide to selling your home. LiveLife Resale guide A step-by-step guide to selling your home LiveLife Contents A step-by-step guide to selling your home 1 The steps 2 Your steps explained Step 1: Get the valuation and photos 3 Step 2: Get

More information

A simple guide to shared ownership

A simple guide to shared ownership A simple guide to shared ownership Shared ownership is an easy and affordable way to buy your own home by purchasing a share in a property and paying rent on the remaining share. We help you work out what

More information

EVENT GUIDE. Oxfordshire s biggest affordable homes show. Help to Buy South. The Kassam Stadium, Autumn 2014 SHARED OWNERSHIP HELP TO BUY RENT TO BUY

EVENT GUIDE. Oxfordshire s biggest affordable homes show. Help to Buy South. The Kassam Stadium, Autumn 2014 SHARED OWNERSHIP HELP TO BUY RENT TO BUY Oxfordshire s biggest affordable homes show SHARED OWNERSHIP HELP TO BUY RENT TO BUY Help to Buy South The Kassam Stadium, Autumn 2014 EVENT GUIDE Find out about homes and schemes available, including

More information

SHARED OWNERSHIP LEASES. What is shared ownership leasehold and how does it work?

SHARED OWNERSHIP LEASES. What is shared ownership leasehold and how does it work? SHARED OWNERSHIP LEASES What is shared ownership leasehold and how does it work? Contents Purpose of this leaflet... 3 What is leasehold... 3 What is a shared ownership lease... 3 What are the differences

More information

Right to Buy - information for Westminster Council tenants

Right to Buy - information for Westminster Council tenants Right to Buy - information for Westminster Council tenants Please read this information booklet carefully. It contains information on the following items: 1. Who has the Right to Buy 2. Under what circumstances

More information

Your Right. to Buy Your Home. A guide for Scottish Secure Tenants

Your Right. to Buy Your Home. A guide for Scottish Secure Tenants Your Right to Buy Your Home A guide for Scottish Secure Tenants Your Right to Buy Your Home About this booklet This booklet is for Scottish secure tenants. If you are not a Scottish secure tenant, you

More information

GUIDE TO THE RIGHT TO ACQUIRE. May 2015

GUIDE TO THE RIGHT TO ACQUIRE. May 2015 GUIDE TO THE RIGHT TO ACQUIRE May 2015 Guide to the Right to Acquire Introduction The Right to Acquire is a scheme giving eligible tenants of Registered Providers which are mainly housing associations,

More information

THAMES VALLEY HOUSING 100 % 85 % STEP UP! HOW TO PURCHASE MORE SHARES OF YOUR HOME 70 % 60 % 40 %

THAMES VALLEY HOUSING 100 % 85 % STEP UP! HOW TO PURCHASE MORE SHARES OF YOUR HOME 70 % 60 % 40 % THAMES VALLEY HOUSING 100 % 85 % STEP UP! HOW TO PURCHASE MORE SHARES OF YOUR HOME 70 % 60 % 50 40 % 1 T: 020 8607 0550 E: staircasing@tvha.co.uk TAKE THE NEXT STEP IN HOME OWNERSHIP Now you ve got onto

More information

Buying A HomE THrougH shared ownership WiTH HAsToE

Buying A HomE THrougH shared ownership WiTH HAsToE Buying A HomE THrougH shared ownership WiTH HAsToE 1 The shared ownership scheme if you want to buy a home of your own but don t quite have enough money to do so, shared ownership could be the answer.

More information

Your guide to low-cost. Home Ownership

Your guide to low-cost. Home Ownership Your guide to low-cost Home Ownership All about A2Dominion New Homes A2Dominion New Homes is a major provider of low-cost, high-quality homes in London and southern England. A2Dominion New Homes is part

More information

Your guide to YourChoice Open Market Home Purchase Equity Loan Scheme. Making your aspiration of homeownership a reality

Your guide to YourChoice Open Market Home Purchase Equity Loan Scheme. Making your aspiration of homeownership a reality Your guide to YourChoice Open Market Home Purchase Equity Loan Scheme Making your aspiration of homeownership a reality For eligible people living or working in the South Bucks District Council area Delivered

More information

Staircasing. Buying more shares in your home. Information for leaseholders

Staircasing. Buying more shares in your home. Information for leaseholders Staircasing Buying more shares in your home Information for leaseholders Staircasing Your Questions Answered Q: What is staircasing? A: Staircasing is the term given to buying extra shares in your shared

More information

SHARED OWNERSHIP HANDBOOK

SHARED OWNERSHIP HANDBOOK SHARED OWNERSHIP HANDBOOK 1 Hastoe shared owners handbook Welcome. We have put together this handbook as a guide for our shared owners. It describes your rights and responsibilities as a shared owner of

More information

HOUSING CORPORATION. Guide to the Right to Ac quire

HOUSING CORPORATION. Guide to the Right to Ac quire HOUSING CORPORATION Guide to the Right to Ac quire March 2006 1 Guide to the Right to Acquire Introduction The Right to Acquire is a scheme giving eligible tenants of registered social landlords the legal

More information

A guide to Preserved Right to Buy and Right to Acquire

A guide to Preserved Right to Buy and Right to Acquire A guide to Preserved Right to Buy and Right to Acquire Customer Approved Customer Approved Who has the Preserved Right to Buy (PRTB) You may exercise the PRTB if you are a tenant of Severn Vale Housing

More information

POLICY FOR THE BREATHING SPACE SCHEME

POLICY FOR THE BREATHING SPACE SCHEME POLICY FOR THE BREATHING SPACE SCHEME PREFACE The Council is participating in a regional scheme called Breathing Space. The scheme facilitates the provision of loans in accordance with powers given under

More information

Your Guide to Shared Ownership

Your Guide to Shared Ownership Your Guide to Shared Ownership 1 Shared ownership is designed for first-time buyers, who are able to raise a mortgage but are unable to afford the full cost of homeownership. Why buy a shared ownership

More information

Your Right to Buy Your Home: A guide for tenants of social landlords in Wales

Your Right to Buy Your Home: A guide for tenants of social landlords in Wales Your Right to Buy Your Home: A guide for tenants of social landlords in Wales Contents Introduction the Right to Buy 4 Things to consider before deciding to buy your home 4 Who has the Right to Buy? 7

More information

ADVICE NOTE BUYING AND SELLING YOUR FLAT. A summary of the typical events when buying and selling a leasehold flat

ADVICE NOTE BUYING AND SELLING YOUR FLAT. A summary of the typical events when buying and selling a leasehold flat ADVICE NOTE BUYING AND SELLING YOUR FLAT A summary of the typical events when buying and selling a leasehold flat 2 CONTENTS Note: As the leading trade body for residential leasehold management, ARMA is

More information

A guide to the Right to Buy scheme

A guide to the Right to Buy scheme A guide to the Right to Buy scheme We are committed to providing fair opportunity to access information. If you would like information in another language or format such as Braille, audio or large print,

More information

Low Cost Home Ownership

Low Cost Home Ownership Housing Services Low Cost Home Ownership Shared Ownership, Homebuy and Resales Telephone number: 01372 732428 contactus@epsom-ewell.gov.uk Contents Low Cost Home Ownership... 3 Keyworkers... 3 Shared Ownership...

More information

Shared Ownership Low cost home ownership

Shared Ownership Low cost home ownership Low cost home ownership www.goldinghomes.org.uk What is? Shared ownership is a scheme designed to help people who wish to buy a home of their own, but who cannot afford the cost of buying the whole property

More information

GUIDE TO MOVING. We can give you a breakdown of the costs involved

GUIDE TO MOVING. We can give you a breakdown of the costs involved GUIDE TO MOVING "I'll never do this again!" So many people say this at some stage when they are buying and selling a house that we have prepared this guide to assist you. It outlines how the transaction

More information

RIGHT TO ACQUIRE PROCEDURES

RIGHT TO ACQUIRE PROCEDURES RIGHT TO ACQUIRE PROCEDURES The Right to Acquire was introduced by the 1996 Housing Act and is effectively the right to buy as a condition of Social Housing Grant funding. The Right to Buy rules apply

More information

Home Buying Glossary of terms

Home Buying Glossary of terms Home Buying Glossary of terms GLOSSARY OF AFFORDABLE HOME OWNERSHIP TERMINOLOGY The terms below are often used in house buying or mortgage process. You may come across these terms when you are in the process

More information

Selling / assigning your shared ownership lease

Selling / assigning your shared ownership lease Selling / assigning your shared ownership lease Information for leaseholders Assignment Your questions answered Q: What is assignment? A: Assignment is the term given when you sell your shared ownership

More information

Your Right to Buy Your Home:

Your Right to Buy Your Home: Your Right to Buy Your Home: A guide for tenants of councils, new towns and registered social landlords including housing associations July 2014 Department for Communities and Local Government Crown copyright,

More information

Your Preserved Right to Buy or Right to Acquire Your Home

Your Preserved Right to Buy or Right to Acquire Your Home Your Preserved Right to Buy or Right to Acquire Your Home Your rights under the Housing Act 1985 (as amended) as applied by the Housing (Preserved Right to Buy) Regulations 1993 and the Housing Act 1985

More information

Your Guide To: Second Steps and Your New Shared Ownership Home. Second Steps in Partnership with the GLA

Your Guide To: Second Steps and Your New Shared Ownership Home. Second Steps in Partnership with the GLA Your Guide To: Second Steps and Your New Shared Ownership Home Second Steps in Partnership with the GLA If you need or want to move but are still not able to afford to purchase a home outright then Second

More information

Remortgaging and further advances

Remortgaging and further advances Remortgaging and further advances Changing your original mortgage or borrowing more money on a mortgage Information for leaseholders What is remortgaging? Remortgaging is when you pay off the original

More information

Version 2016/01. Buying More Shares of Your Home

Version 2016/01. Buying More Shares of Your Home Version 2016/01 E Buying More Shares of Your Home This guide tells you how you can buy further shares in your shared ownership home. As a shared owner you have the right to buy all or part of your home

More information

Help to Buy Buyers Guide. Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014

Help to Buy Buyers Guide. Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014 Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014 What is Help to Buy? Help to Buy is equity loan assistance to home buyers from the Homes

More information

Your Right to Buy Your Reading Borough Council Home

Your Right to Buy Your Reading Borough Council Home Your Right to Buy Your Reading Borough Council Home Information and advice for tenants (October 2015) Home Ownership Team 0118 937 2092 Your guide to buying your Council Home This booklet provides information

More information

Are you in danger of losing your home?

Are you in danger of losing your home? Are you in danger of losing your home? Help is at hand. Mortgage to Rent scheme Mortgage to Shared Equity scheme The Scottish Government Home Owners Support Fund What are the Mortgage to Rent and Mortgage

More information

There s a new window of opportunity

There s a new window of opportunity Your right to buy your home There s a new window of opportunity If you rent your home from the local council or a housing association, find out if this is the perfect time to buy your home. Introduction

More information

Interested in buying your own home?

Interested in buying your own home? Interested in buying your own home? A legal guide to Right to Buy 02030827 right to buy booklet 2015 V1.indd 3 21/07/2015 15:15:54 Further information Sanctuary Housing Customer Services 0300 123 3516

More information

A guide to shared ownership

A guide to shared ownership A guide to shared ownership Your path to a new home A flexible way to buy If you dream of owning your own home, but can t afford to because of current property prices, then Shared Ownership could be for

More information

LIFETIME MORTGAGE LUMP SUM

LIFETIME MORTGAGE LUMP SUM LIFETIME MORTGAGE LUMP SUM Terms and Conditions (version 5) This is an important document. Please keep it in a safe place. LV= Lifetime Mortgage lump sum Terms and Conditions Welcome to LV=, and thank

More information

Resales Selling your shared ownership property

Resales Selling your shared ownership property Resales Selling your shared ownership property 1 Contents 2 Resales PAGE What it costs PAGE How to sell PAGE General information PAGE 03 04 06 08 Resales If you want to sell your shared ownership home

More information

Your empty home. unlocking its potential

Your empty home. unlocking its potential Your empty home unlocking its potential Do you own an empty home? When you leave a property empty you not only miss the opportunity to make money from it, you can also face substantial costs by just leaving

More information

A Tenant s Guide: The Right to Buy

A Tenant s Guide: The Right to Buy A Tenant s Guide: The Right to Buy 1. Introduction - the Right to Buy 2. Things to consider before deciding to buy your home 3. Who has the Right to Buy 4. Exceptions to the Right to Buy 5. Applying for

More information

Housing options for single parents

Housing options for single parents Formed from the merger of the National Council for One Parent Families and Gingerbread Factsheet For single parents in England and Wales February 2012 Freephone 0808 802 0925 Gingerbread Single Parent

More information

HOUSING CORPORATION. Guide to the Right to Ac quire

HOUSING CORPORATION. Guide to the Right to Ac quire HOUSING CORPORATION Guide to the Right to Ac quire March 2006 1 Guide to the Right to Acquire Introduction The Right to Acquire is a scheme giving eligible tenants of registered social landlords the legal

More information

Government mortgage rescue scheme What will it mean for me and my family?

Government mortgage rescue scheme What will it mean for me and my family? Government mortgage rescue scheme What will it mean for me and my family? What is mortgage rescue? Mortgage rescue is help that the Government is offering if: you are struggling to keep up with your mortgage

More information

Low-cost Initiative for First-Time Buyers. New Supply Shared Equity. Helping you to become a home owner

Low-cost Initiative for First-Time Buyers. New Supply Shared Equity. Helping you to become a home owner Low-cost Initiative for First-Time Buyers New Supply Shared Equity Helping you to become a home owner Low-cost Initiative for First-Time Buyers New Supply Shared Equity New Supply Shared Equity The Scottish

More information

INFORMATION TO TENANTS: THINKING OF BUYING YOUR COUNCIL HOME?

INFORMATION TO TENANTS: THINKING OF BUYING YOUR COUNCIL HOME? INFORMATION TO TENANTS: THINKING OF BUYING YOUR COUNCIL HOME? An outline of the main features of the right to buy scheme together with information on the responsibilities and consequences of home ownership

More information

Home Buy. An introduction to h&f Home Buy

Home Buy. An introduction to h&f Home Buy Home Buy An introduction to h&f Home Buy Hammersmith & Fulham Council recognise the importance of building a strong, vibrant and sustainable community within the borough. We know there are many residents

More information

WANT TO MAKE YOUR HOME YOUR OWN?

WANT TO MAKE YOUR HOME YOUR OWN? WANT TO MAKE YOUR HOME YOUR OWN? 1 Your Right to to Buy Buy FOR COUNCIL AND HOUSING ASSOCIATION TENANTS CONTENTS 3 Why you might like to buy 4 Do you have the Right to Buy? 6 What discount could you get?

More information

Tenants Guide to the Right to Buy

Tenants Guide to the Right to Buy Contents Section Page No. 1 Welcome to our Right to Buy Guide 2 2 Our Service Standards 3 3 Warning Cold Callers 4 4 Introduction to Right to Buy 5 5 Steps in the Right to Buy process 6 6 The Section 125

More information

Acquiring land April 2001

Acquiring land April 2001 Acquiring land April 2001 Contents 1. What is this guidance about? 2 2. In this guidance 2 3. Trustees powers and duties 3 4. What are the general duties of trustees when acquiring land for their charity?

More information

Easy Home Purchase Scheme

Easy Home Purchase Scheme Easy Home Purchase Scheme Information for tenants What is the Easy Home Purchase Scheme (EHPS)? The EHPS is only available to Lewisham Social Housing Tenants who wish to buy a home in the private sector.

More information

WANT TO MAKE YOUR HOME YOUR OWN?

WANT TO MAKE YOUR HOME YOUR OWN? WANT TO MAKE YOUR HOME YOUR OWN? July 2015 1 Your Right to to Buy Buy FOR COUNCIL AND HOUSING ASSOCIATION TENANTS CONTENTS 3 Why you might like to buy 4 Do you have the Right to Buy? 6 What discount could

More information

The affordable homes specialist. Selling your. Shared Ownership home

The affordable homes specialist. Selling your. Shared Ownership home The affordable homes specialist Selling your Shared Ownership home Selling your home, or your share of it, is not as complicated as you might imagine. We are here to give you the information you need.

More information

Your Right to Buy your home. A guide for tenants of councils, new towns and registered social landlords including housing associations.

Your Right to Buy your home. A guide for tenants of councils, new towns and registered social landlords including housing associations. Your Right to Buy your home A guide for tenants of councils, new towns and registered social landlords including housing associations housing Contents Introduction the Right to Buy 3 Warning things to

More information

Residential Property

Residential Property Residential Property Glossary of terms The conveyancing process is unfortunately full of legal jargon, so we have produced this glossary to help you if you come across something you do not understand.

More information

How to buy more shares in your home

How to buy more shares in your home How to buy more shares in your home Staircasing Staircasing is the process of you purchasing additional shares in your property, you can either purchase additional shares in increments all the way up to

More information

Hopefully everything you need to know about buying or selling your house. (but were afraid to ask)

Hopefully everything you need to know about buying or selling your house. (but were afraid to ask) Hopefully everything you need to know about buying or selling your house. (but were afraid to ask) Contents Page The stages involved with Buying and/or selling a property. 3-4 Things you need to do once

More information

Your Right to Buy your home. A guide for tenants of councils, new towns and registered social landlords including housing associations.

Your Right to Buy your home. A guide for tenants of councils, new towns and registered social landlords including housing associations. Your Right to Buy your home A guide for tenants of councils, new towns and registered social landlords including housing associations housing Contents Introduction the Right to Buy 4 Warning things to

More information

Following Completion You will be met at the property by our Shared Ownership Officer

Following Completion You will be met at the property by our Shared Ownership Officer What is shared ownership? Through shared ownership you buy a share of the property and pay rent on the remaining share you do not own. Who can buy through the shared ownership scheme? The scheme is intended

More information

The buying process a summary

The buying process a summary The buying process a summary 01 - Establish your budget 02 - Mortgage offer in principle 03 - Instruct a solicitor 04 - Register with all the estate agents in the area 05 - Find a property 06 - Mortgage

More information

Deferred payment information

Deferred payment information Deferred payment information London Borough of Care Act April 2014 April 2015 1 The London Borough of Deferred Payments Scheme From April 2015 Charges for Residential Accommodation and other specific settings

More information

Buying your home. Is this clear?

Buying your home. Is this clear? Is this clear? Do you or someone you know have any difficulty reading this booklet? All our information is available in large print, Braille, on audio cassette or CD, or translated into the language of

More information

Help to Buy Buyers Guide

Help to Buy Buyers Guide Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy Page 1 of 27 Key information Buyers using this scheme must provide security in the form of a second

More information

A guide to Deferred Payments

A guide to Deferred Payments A guide to Deferred Payments Paying for residential care or nursing care if you own your home What is the deferred payment scheme? If you are a home owner moving to residential or nursing care, this scheme

More information

Elliott Brooks, Assistant Director, Housing Landlord

Elliott Brooks, Assistant Director, Housing Landlord Buy back of properties sold under Right to Buy Housing Landlord January February 2011 2013 Version Control Version 1 Status of Policy Sponsor Author/Reviewer Approved Draft Elliott Brooks, Assistant Director,

More information

What will happen to my Home. Information about your home when bankruptcy occurs.

What will happen to my Home. Information about your home when bankruptcy occurs. What will happen to my Home Information about your home when bankruptcy occurs. This leaflet covers the questions you are most likely to want answered about your home if you are made bankrupt. 1. Will

More information

House Sales incorporating Equity Sharing. A Tenant s Guide

House Sales incorporating Equity Sharing. A Tenant s Guide House Sales incorporating Equity Sharing Tenancies to be recognised for qualification and discount purposes 1. (a) The Northern Ireland Housing Executive. (b) A district council within the meaning of the

More information

Your Guide to New Build HomeBuy and Resales

Your Guide to New Build HomeBuy and Resales Your Guide to New Build HomeBuy and Resales Contents What is New Build HomeBuy?............... 3 Who is it aimed at?........................ 3 What types of homes are available?........... 4 How does it

More information

New Supply Shared Equity Scheme Information Brochure

New Supply Shared Equity Scheme Information Brochure New Supply Shared Equity Scheme Information Brochure New Supply Shared Equity The Scottish Government is committed to helping people on low to moderate incomes to become home owners where ownership is

More information