Buying or selling your home

Selling your home – about Partners’ sell-on pack

If you want to sell your leasehold property, we strongly recommend you ask us for a sell-on pack. This information pack is also known as an ‘assignment pack’ or ‘pre-assignment enquiries’. The sell-on pack contains essential information about the property that your buyer will want to know, including:  

We can give the sell-on pack, which currently costs £195, to the solicitor acting on your behalf. Your solicitor should write to us asking for a pack, enclosing the fee. Cheques should be made payable to Hyde Housing Association Ltd. Once we have received the request and fee, we will post the pack to your solicitor, normally within 10 working days.   We recommend that your solicitor asks for the sell-on pack as early as possible to avoid any unnecessary delays.  We will only allow you to complete your sale if you have cleared your service-charge account.  

Sometimes, solicitors will want to hold back some money if:  

This is known as retention. Again, the solicitors must make such arrangements – we do not get involved.   After the sale is complete   

We cannot change our records without this, even if, for example, the new owners have already notified another department of the Council, such as the Council Tax section. If you are away from your home for a long period, you should:

If you're re-mortgating your home please contact us for a Leasehold Remortgage Pack which costs £139.

Landlord's Right of First Refusal  

Normally, Leaseholders who wish to sell their homes within 10 years of purchase are required to first offer to sell their home back to their former landlord or to another social landlord at full market value. The market value must be agreed between the leaseholder and the landlord. If the value can’t be agreed, the District Valuer will decide (the cost of the Valuation will be paid by the Government). If the former landlord or another social landlord does not accept the offer within eight weeks, the leaseholder is then free to sell their property on the open market.  

You can read more about selling your home and repaying discounts from the Government's  ‘Your Right to Buy Your Home’ booklet. 

Buying the Freehold or Extending the Lease

Only Islington Council can deal with selling you the freehold of your building and extending your lease. 

Visit the Council's website for more information about extending your lease or buying the freehold.

You can get more information on buying the freehold and extending your lease from the Leasehold Advisory Service.


Last updated 2.4.20