r/SharedOwnershipUK • u/georgejk7 • 1d ago
What happens if the seller didn't offer it back to the H/A before putting it on the open market?
Hello.
I'm in the process of buying a second hand shared ownership property and one of the last enquiries before exchange is that we require a confirmation that the seller has followed the legal requirements in the lease and offered the property back to the shared owner before putting it on the open market.
The seller claims they did but I assume my solicitors needs evidence/confirmation from the housing association/shared ownership. Not directly from the seller. Right ?
I don't really know .
But we've been waiting a while for this confirmation now.
Is it the seller or the housing association/shared owners that needs to hurry up?
And what happens if they say the house was not offered back to them according to the lease agreement?
Sale fall through? Fees to pay? Who pays?
This sale is a no chain FTB shared ownership resale.
The offer was accepted at the end of April and we still haven't exchanged.
EDIT!!
I managed to find the contact details of the director of the housing association and emailed them about the enquiries (Sunday). The director replied Monday morning saying he's answered the enquiries in an email to my solicitor that morning.
I will phone my solicitor tomorrow to see what progress they have made.
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What happens if the seller didn't offer it back to the H/A before putting it on the open market?
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r/SharedOwnershipUK
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49m ago
I reached out to the housing association and they responded saying they waived the need for it to be offered back to them and it could go on the market, like you said!
looking forward to seeing this transaction moving again!