This section covers what you or your solicitor will need to request from us if you want to sell your home.
You can sell your home at any time.
However, if you sell it within five years of buying it under the right to buy scheme, you must pay back some of the discount we gave you off the original purchase price.
If you sell it within 10 years of buying it under the right to buy scheme, you must offer the Council via Barnet Homes, right of first refusal before offering it for sale on the open market.
Pre-sale information from Barnet Homes
When you sell your home your solicitor will normally have to ask us for various “pre-assignment” or “pre-sales” information including:
- details of the lease or transfer agreement
- buildings insurance (leasehold only)
- service charge payments
- future costs.
We will provide this information for a fee. Costs depend on whether you choose our standard or express service.
Standard: we will provide the information within ten working days (£235).
Express: we will provide the information within five working days (£290).
You must pay for the work that we do when you transfer the lease. You must also pay any outstanding charges you owe us before you sell your home.
Ask your solicitor to contact us as early as possible before the sale is transferred. This will help to ensure we have enough time to prepare the pre-sale information.
Solicitors will either email or send pre-assignment request to us for the property stating that monies have been paid by BACS and if it was £290 or £235. The solicitors will need to pay the money into the following bank account:
Sort Code: 60-23-36
Account No: 82622477
Reference: 731000/10037 plus 1st line of property address
Please note: this bank account is for LBB general fund and the cost code must be used as part of the reference
The leaseholder or Solicitor must contact us advise when they made this payment or we will not be able to send it in the allotted time requested.
Unfortunately, we no longer accept payment by cheque.