In one month, we’ll have a homeowner. Here’s what that timeline looks like.
By: Raffle House
Tags: Property, Raffle House, Win A Home, Competition, London

In one month, we’ll have a homeowner. Here’s what that timeline looks like.

On July 31, one of our customers will be the winner of our current property, a £500,000, 2-bed London flat. For a £10 ticket. Here’s a break-down of what’s going to happen after midnight on July 31. Raffle House Jul 1, 2020·3 min read

At the time of writing, we’ve sold about 45,000 tickets so the odds of winning a £500,000 London flat are, well, AMAZING. And the deadline to secure your chance is fast approaching.

We’ve guaranteed that one of our customers WILL win the property. No ifs, no buts. And that someone will have bought their tickets before midnight July 31. No ifs, no buts.

What’s going to happen when the competition closes?

On August 4, Sterling Lotteries, the Gambling Commission licensed & regulated, third-party draw management specialists, will fully manage the draw to determine our winner. That’s the earliest we could schedule the draw, with the competition closing on Friday, July 31 at midnight. Sterling needs time to process the tens of thousands of entries that we have and will do that on Monday, August 3. The next day, on August 4, we’ll know our winner and we’ll be reaching out to them that day.

What about the car?

If we sell 60,000 tickets (that’s our target but the property is guaranteed to be won even if we don’t get there), we’re also throwing in a Land Rover Discovery Sport to the prize-pool (or £30,000 cash alternative). More on that offer here.

What next?

We’ll be publishing a full breakdown of the draw results shortly after it has occurred, including how much we’ve raised for charity. You’ll be able to find this on our website from August 1 and new information will be made available when it’s ready. Clear instructions will help you navigate to the information you want. As ever, everything will be here on our blog, social media, and Help Centre. Here are the links for easy access:

Website; Help Centre; Blog; Facebook; Instagram; Twitter

Post-July 31 timeline

Is that it?

Not quite. We’ve got a bunch of outreach planned for our winner. We’ll be releasing videos and media about their win, what it means for them, and more. We’ll be following their story for some time.

And there’s more…

On August 1, our next property will be released. Stay tuned for that as we’ve got some really exciting things to share, from what it looks like, loyalty bonuses for returning customers, the cost of entry (did someone say free?), and loads more 🤩

When will the winner actually get the keys?

House sales can take anything from a few weeks to many, many months (more on that from moneysavingexpert.co.uk); this is by no means a typical ‘sale’ and, therefore, we’d expect it to be quicker than most. However, there are still legal hoops to jump through in order to transfer ownership to the competition winner. As promised, Raffle House will be recommending lawyers if helpful and covering the winner's legal fees to expedite this step so that the new homeowner can settle in A.S.A.P. and enjoy what’s left of the summer months in London. We’ll be posting more on this when the winner has a move-in date set.

Take a look at our current property and maybe you’ll be the winner in less than 1 month. Someone has to be.