Singletree is a scheme for those who are 60 and over, and purchasers of properties must meet this requirement. You must make this clear when marketing the property for sale.
Sales of leasehold properties at Singletree are processed differently from leasehold sales at other schemes. The existing lease is surrendered, and a new 99 year lease is granted.
When you are ready to proceed with a sale, email the Home Ownership Officer at landlordservices@oxford.gov.uk with:
- your estate agent’s details
- proof of authority, if acting on behalf of the leaseholder (for example, a power of attorney or copy of probate)
- proof the purchaser is aged 60 or over (for example, a passport or driving licence). A birth certificate on its own is not acceptable. You must make this clear when marketing the property
- a memorandum of sale once agreed (including the agreed purchase price)
After we receive this, we will confirm we are happy with the information before the sale proceeds.
You should be aware:
- your lease includes a sinking fund, which may be charged as an exit fee based on 1% of the purchase price for each full year of occupation. The sinking fund helps cover the cost of major or cyclical works, such as roof replacement, so you are less likely to receive large invoices for this work later
- the property must be kept in good condition. We can deduct costs from the sale price if work is needed to bring it up to a good decorative standard
If you have any questions, contact the Home Ownership Officer at landlordservices@oxford.gov.uk.
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