Buying or selling your home
Buying Your Home
Once our solicitor has confirmed that
the funds relating to the purchase of your property are in our bank
account, we will hand over the keys and you can move
in.
If we meet you at the property, we’ll take the
meter readings and give you a copy of them so that you check these
against your first bills.
Once you have moved in you will have to inform
your service providers that you have taken ownership of the
property and register as a new customer.
Selling your home
You may sell your share at any
time but you must tell your landlord that you want to
move.
Your lease may have clauses that allow your
landlord to nominate a prospective purchaser and you may be
required to have your property valued to determine the sale price
of your share.
You can buy all the remaining shares in the
property yourself and then sell the property outright unless you
live in a rural area and are not allowed to buy 100% of the share.
This detail will be in your lease.
You will benefit from any increase in the value of the shares
that you own but you must be aware that you will also be affected
if the value of your share falls.