About Products heylo homeowner Partners Investors Contact Us How to sell my part buy – part rent home? Selling your share in your home is a straightforward process. When you sell your share the lease is assigned to the new purchaser. The name on the lease will not change and heylo, remains the landlord of the property, in this way the new resident will be liable to pay rent and other associated costs under the existing lease. Meanwhile, the buyer’s solicitor will arrange for the leaseholders’ name to be updated by the Land Registry. A typical part buy – part rent lease offers heylo Housing (as the landlord) the opportunity to nominate a new buyer in the first eight weeks following the sale, this is known as the nominations period. During this period, you should not instruct an estate agent to market your home. Heylo will instruct an estate agent to market your home on your behalf. Before selling you share, it’s important that you read the relevant section of your lease prior to instructing a legal representative, as this sets out the process that must be followed and any restrictions that apply to selling your home. View homes for resale Search Find out more about resales Download our guide to resales Download guide View our frequently asked questions View FAQs Download our resales application form Application form How it works Step Three Valuation: Once we have received a valid RICS valuation, we can prepare to market your property Step Six Approval: The estate agent will create a marketing sheet for you to approve before advertising online, once approved the nominations period will formally begin. Step Nine MOS: The Memorandum of Sale (MOS) will be drawn up. Step Twelve Lease: The existing lease will transfer to the new buyers. If we are unable to find a purchaser in the nominations period, you will be able to instruct a local estate agent to market your property on the open market. The agent may market your share, or 100% of the property, unless otherwise stated in your lease. The costs of selling your shares You will need to pay your solicitors’ fees when selling your property, these will include the charge for their time, a fee for processing the sale proceeds via a bank-to-bank transfer and other associated costs with providing you legal support. A fee will also be charged for organising your RICS (Royal Institute of Chartered Surveyors) valuation by the surveying firm which you instruct. If you have or are due to have a managing agent on your estate you may also need to purchase a management pack from them. heylo will charge a resale admin fee for marketing your property. If we are unable to find a buyer for your property within the nominations period, you will be able to instruct an estate agent to market your property, you will be liable to pay their fees for their services. Mortgage fees may also apply for early repayment, you can check whether your mortgage arrangement includes early repayment fees with your provider. Summary of resales costs: Your solicitor’s fees RICS valuation heylo resales admin fee Management pack fee Mortgage fees (if applicable) Estate agent’s fees (only applicable outside of the nominations period) *The data protection laws protect your rights when organisations hold or process personal information about you. heylo housing group collects personal information about you that you submit via this website. heylo housing group will hold and process personal information that you have provided or will provide in the future to perform the functions of heylo housing group. heylo housing group relies on the ability to collect and process your personal information that you submit via the website in order that heylo housing group can support you in your property search. heylo housing group are required to keep this information secure and to process it in accordance with the data protection laws. heylo housing group may share your information with third parties in relation to the administration of your application and contractual arrangements, including professional advisers, property vendors and other agencies supporting heylo housing group for the purposes of assisting you in your property search and other service providers. Click here to view a copy of our Privacy Policy to know more about how your personal information is collected and used Contact us Contact Form 020 3744 0415 Menu About Us heylo homeowners Products Investors Working With Us Visit ©Copyright 2021 heylo housing group. Registered in England and Wales, company number 11104403. Privacy Notice | Terms & Cookies