Leaseholders - Selling your home
You do not need our permission to sell your home but it does help to speed things up if you tell us as soon as possible.
Whoever buys your home will take over what is left of your lease, under the same terms that you had.
The Solicitor you assign will write to Brentwood Borough Council requesting several items of information and there will be a charge for supplying this information.
You may find it helpful if you provide your solicitor with;
- a copy of your lease
- 3 years worth of service charges
- details of any planned major works
When your lease is assigned, all service charge arrears including the quarter in which you move, and any deferred loans must be cleared on completion of the sale.
Brentwood Borough Council will not get involved in any apportionment of outstanding service charges between Leaseholders and purchasers.
It is your responsibility to make sure that your Solicitor resolves this and having done so, retains sufficient monies for charges not yet billed.
Right to buy discount repayment
If you bought the lease of your home with the help of the Right to Buy scheme and sell your lease within the first 5 years of the completion of the purchase, you will have to repay any discount you received through the scheme. The discount repayable will be reduced by one fifth for each complete year that has elapsed since completion of the purchase.
In addition, the amount of discount to be repaid if you sell within five years of purchase will be a percentage of the resale value of the property, disregarding the value of any improvements.
If you purchased your property after the 18th January 2005
Under the Housing regulations 2005, if you purchased your property after the 18th January 2005 then Brentwood Borough Council has the right of first refusal should you decide to sell this property within the first ten years of the date of completion of purchase.
In addition, any future purchaser of the property will be required to enter into a covenant with Brentwood Borough Council, whereby the property may not be sold on within the first ten years of the date of purchase without first being offered for sale to Brentwood Borough Council, who will have first right of refusal.