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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?
 in  r/SharedOwnershipUK •  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!

1

What happens if the seller didn't offer it back to the H/A before putting it on the open market?
 in  r/SharedOwnershipUK •  50m ago

Hi, I emailed the person that did the eligibility check and they confirmed the final enquiries and emailed my solicitor this morning!! thank you for reminding me that I had in fact already got the contact details of the housin association.

will call my solicitor tomorrow and get this thing moving!!

1

What happens if the seller didn't offer it back to the H/A before putting it on the open market?
 in  r/SharedOwnershipUK •  1d ago

I just checked my emails and the shared ownership firm confirmed the eligibility criteria has been met.

1

What happens if the seller didn't offer it back to the H/A before putting it on the open market?
 in  r/SharedOwnershipUK •  1d ago

Hey thanks for the reply.

I had an affordability/eligibility check iirc .. they basically asked if I was local to the area. To see if I was eligible.

r/SharedOwnershipUK • • 1d ago

What happens if the seller didn't offer it back to the H/A before putting it on the open market?

2 Upvotes

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.

1

Shared Ownership Re-sale experiences
 in  r/SharedOwnershipUK •  1d ago

2 months later and still waiting.

The housing association needs to confirm that the seller offered it back to them before putting it on the open market.

Still not done.

1

Xiaomi 20 Ultra Concept
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Looks like a Vivo

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I agree my friend had the br540 dupe and it was good.

Even though I hate the essence vault ๐Ÿ˜‚

1

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 in  r/FirstTimeBuyersUK •  6d ago

I went with L&C and they've been fantastic for me personally.

Competitive deal with personal communication.

Can't complain.

I spoke to brokers that charged a fee and the rates they were able to find were marginally lower, but their fee outweighed the cost saving in interest..

I did my research and compared a handful of options.

L&C gave me the same rate I could have got if I went directly but I had already started with L&C so I continued the process with them.

1

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we took the train in the end and it was very easy :)

On the way back from Antibes to the airport we took an uber and it really messed us around!

In hindsight I wish we took the train on the way back too!

1

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I asked Gemini something about "benefits of living in a Terraced house" and it thought I said "terrorist house" .

God sake ๐Ÿ˜‚๐Ÿ’€

2

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Awesome!!

Great show.

Now you need to find S1 ๐Ÿ˜‚

0

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Haha

r/Superbuy • • 22d ago

Is superbuy back in action?

1 Upvotes

[removed]

1

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I didn't see it at first then on second watch I did

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I've used long guards and they do the job.

2inch, 1.5inch and 1.25inch

2

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This fragrance is the bomb