Selling your home

When you sell a property at Loftus you will be asked for information by your purchaser. It is important that you contact us before you market the property to ensure that we can provide the correct guidance which will prevent any delays or additional costs to the sale of your home.

The following are examples of the information that you will be asked;

 

Estate Maintenance Enquiry Form

When the lender assesses the suitability of the title of the property the purchaser’s solicitors will ask for an Estate Management form to be completed. This form will highlight how the site is managed, the covenants attached to the property, how the estate charge is calculated and collected. This is not a vetting process, but rather ensuring that the purchaser is made aware of the responsibilities and costs associated with living at Loftus.

 

Consent to sell

The transfer or lease will require the managing agent to meet the new owner and explain the arrangements of how Loftus is managed prior to completion of the sale.

 

Deed of Covenant

We may require your purchaser to enter into a Deed of Covenant to confirm that you will be bound by the terms of the transfer or lease agreement.

 

Certificate of Compliance

This is a document that Pobl provides confirmation to the Land Registry to confirm that the requirements in the transfer or lease agreement for the change of ownership have been complied with. These include any alteration to your home, payment of the estate charge and breaches to the covenants.

 

During your ownership there will be consent required that will restrict what you are able alter. Please see the alteration tab for further information;

 

Consents

There are clauses in the transfer which restricts the use of the property . It is responsible to ensure that you obtain consent prior to making any changes to the property.

 

Notice of Charge

If you have a shared ownership property your solicitor will be required to issue a Notice of Assignment to confirm the change in ownership and mortgage lender.

 

Deed of Variation

The transfer or lease may require that the purchaser enters into a Deed of Variation to ensure that they understand the terms of the agreement and the costs associated.