Metropolitan shared owners (leaseholders) who wish to sell their home should contact
Your lease will usually contain a clause stating that your Shared Ownership home must be offered for sale by Metropolitan for a period of eight weeks to priority Shared Ownership home buyers. If your home is not sold by Metropolitan during this time, then you can sell your home on the open market through an estate agent.
If you are an Equity Loans customer, you'll need to follow the same procedure as you would do for staircasing
. This will involve having an independent valuation carried out. No offers for the purchase of your home should be accepted until the amount due to Metropolitan on completion has been advised and accepted.
There may also be an administrative charge for dealing with your application.
If you own your home outright (100%) and are in the process of selling, you are not required to notify Metropolitan that you are selling since we no longer hold any nomination privileges. Your solicitor may however require a Leasehold Information Pack, which is normally requested on behalf of your purchaser.
To request a Leasehold Information Pack your solicitor should email Leaseholdaftersales@metropolitan.org.uk
. A pack will then be provided within 10 working days. There is an administration charge payable for providing the pack.
Upon completion the buyers' solicitor will confirm the sale by serving a Notice of Transfer and Charge upon us. This is a legal document and confirms the date of completion and the purchasers details for future billing. The service charge account can only be transferred over upon receipt of this document.
If you require any further information on selling your property please contact us
Here are some questions that we know leaseholders often ask us. However, if you need a more detailed explanation about anything in your lease, please contact us.
I like this
I dislike this
You like this Article
Ratings for this Article (1 total)