Leaseholders' Handbook - Plymouth Community Homes

Selling your flat
You are free to sell your flat at any time on the
open market.
Do I have to pay anything to Plymouth Community
Homes when I sell my flat?
If you are the original leaseholder who purchased
the flat under the Right to Buy scheme, you will
have to pay some of the sale proceeds to Plymouth
Community Homes if you sell within the first five
years, as per your lease agreement.
The amount that you have to pay is detailed in your
lease and is calculated as a percentage of the
original Right to Buy Discount that you received
when you purchased your flat, when compared to
the valuation of the flat that was used in the Right
to Buy process. You are allowed to retain one fifth
of this amount for every full year that you have
owned the flat.
Sale Enquiries
As part of the conveyancing process the sellerʼs
solicitor will make certain enquiries of the landlord.
In Plymouth most solicitors have joined together
under the name ʻFastmoveʼ and collectively they
have designed a standard set of enquiries that they
send to landlords.
Plymouth Community Homes makes a charge for
responding to these enquiries. Usually the solicitor
sending the enquiries will send a fee to cover the
cost of this with the enquiries. However,
occasionally this does not happen and the solicitor
requires the leaseholder to pay this direct.
What happens when the lease
ends?
The lease of the property lasts for a certain length
of time, known as the lease term. This is usually a
period of 125 years.
At the end of the lease term the property ownership
will transfer back to the landlord, Plymouth
Community Homes.
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