Reply To: Selling Leaseholder Property Back to Council

#5971
prafamin
Participant

I am pasting a reply below which I had received in July 2020.

As a first step in selling a Camden Leasehold, I would invite a couple or three
local estate agents and get a handle on market value.
If you end up listing with an agent, you will need to engage a solicitor
and request a sellers pack from Camden for which you need to pay 200 pounds up front and
could take up to six weeks for them to compile and send to you
This sellers pack will be needed by the buyer.
For that send a request email to ‘assignments dept’

Also to pursue the sale back to Camden contact them with this email address
tapurchasingprogramme@camden.gov.uk
Hope this helps.
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Dear Mr &&&&&& (Thisreply was dated July 2020)

Thank you for providing the requested information/

I can advise that we would be happy to consider purchasing your property on the TA Purchasing Programme (subject to scheme criteria), however, I note that you have not listed the property value.

The TA Purchasing Programme adheres to a specific financial model is order to make the scheme viable, therefore, the maximum we are able to offer for a 2 bedroom property in any part of the borough (subject to an independent valuation) would be no higher than £400,000.

If you wish, we are able to instruct an independent desktop valuation to assess the purchase value, however, as stated the purchase price would be governed by the valuation and would not exceed £400,000. If you are prepared to consider offers in this region I would be happy to procced with a valuation.

If you would like me to proceed, please provide a video walkthrough of the property, and/or photos and a floor plan, as site visits are currently on hold due to COVID-19.

Please note that any offer made are not subject to commission fees or admin charges.

I look forward to hearing from you.

Kind regards

Dean Chrysostomou
TA Purchasing Project Manager
Housing Support Services
Supporting People
London Borough of Camden

Telephone: 020 7974 2194
Mobile: 07717 864451
Web: camden.gov.uk