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Leaseholders - Moving on or subletting
Selling your home within the first five years
If you decide to sell your property within five years of buying
it through the right-to-buy scheme, you will have to pay back a
percentage of the discount you were awarded when you bought the
property. (The five-year rule applies for properties purchased
after 18 January 2005.) You also have to offer to sell the property
back to the council, giving us first right of refusal.
Selling your home within the first 10 years
If you decide to sell your property within 10 years of
buying it through the right to buy scheme, you must offer it to the
council first before putting the property on the open market.
Points to remember
As a leaseholder you will have no help from the council when
selling your property, this has to be done on the open
market. You may want to seek independent advice.
Any arrears owing will need to be fully paid on completion of
the sale of your property. You should seek advice from your
solicitor regarding any outstanding service charges on your account
and/or any issues regarding retention of monies.
Make sure you notify the council and your utility suppliers that
you are moving.
Sub-letting
If you decide you want to sub-let your property, after you have
obtained permission from us, remember to turn off the gas,
electricity and water supplies between you vacating the property
and the sub-tenant moving in.
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