What happens if you want to sell in the future?
If you have moved into a new build low cost home:
You will have to inform the RSL when you want to sell.
You cannot put the property on the open market
The RSL will have 2 months to nominate a buyer (from the list that you were on).
The selling price will be dependant upon an independent valuation.
You must then repay to the RSL the 30% equity stake.
If the housing association can't find a buyer you can sell the house on the open market, but you must pay the % discount sum back to the RSL. You are responsible for any estate agent fees.
If you have purchased with assistance on the open market:
You must inform the RSL when you want to sell.
Sell your property through an estate agent
When sold, you must pay back the RSL their % stake.
You will be responsible for all estate agent fees and associated costs.