Selling your home
Buy Back Programme
If you own a former council property and are considering selling, our Buy Back Programme allows you to sell your home back to the council. Making selling your home simpler.
Selling within five years of the Right to Buy purchase
If you bought your home as one of our tenants under the Right to Buy scheme, and you sell within five years, you must repay some or all of the discount we gave you.
This will be worked out as a percentage of the price for which you are selling your property.
There are some exceptions to repayment of the discount. For example where the property is compulsory purchased or transferred to you as part of a divorce settlement.
If you're looking to re-mortgage within the first five years of your right to buy purchase, you may also need to request a postponement of the charge we have registered with the land registry against your property to protect the discount.
If you are not sure if this applies to you or would like confirmation of this please email us leaseholder.services@towerhamlets.gov.uk
Get a management pack
As a leaseholder, you can sell your property at any time. You will need to make all the arrangements yourself with estate agents and solicitors. We do not allow estate agent boards to be fixed to our blocks, property or estates.
Your solicitor must notify us when you have accepted an offer on your property. They should ask us for information relating to your accounts and property to assist with completing the sale.
We call this a management pack and it is sometimes referred to as a resale pack or an LPE1. We will only provide it to your solicitor, not the buyer or their solicitor.
We charge £350 for this service. We put together information about:
- accounts
- outstanding charges
- a schedule of planned maintenance and major works
- insurance policy details
We aim to get the information and issue packs within 15 working days.
If there is an estimated charge for services or for major works in progress, you must agree with the buyer on how to pay any future bills. This is for those you are awaiting a final account for.
The buyer's solicitor may want you to settle these in full. They may also want to agree on an amount to withhold from the purchase price for these future bills.
This amount is known as a “retention” and is held by your solicitor until the final account is known.
Notify us about change in ownership
When you sell your home and the sale is complete, the new leaseholder or their solicitor must notify us. We need to register the assignment of the lease and record the mortgage provider's details.
There will be a small charge for registering a Notice of Transfer.
Contact
Telephone: 020 7364 5015
Request a service online