The Seller's Pack provides information about your home to the buyer's solicitor. If you are thinking of getting a new mortgage for your home, your lender may want to see the information in the Seller’s Pack.
The Seller's Pack costs £230 including VAT. You pay this by debit or credit card when completing your online request. Only you or your solicitor can request a pack. We will not provide a Seller’s Pack to the person(s) buying your home.
Once you've paid, you will usually receive your pack 20 working days after we get your payment.
Completing an ESW1 form is not a legal requirement. The legal requirement is the completion of a fire risk assessment (FRA) under the Regulatory Reform (Fire Safety) Order 2005. An FRA is provided as part of the Seller's pack.
The Seller’s Pack will include:
- Copies of the service charge invoices for the past three years. However, the invoicing for management expenses is in arrears. This means the seller will still be responsible for paying these costs until the date the property is sold.
- Details of the building insurance and schedule.
- Statement of Account.
- Statements about fire and asbestos risk assessments and monitoring sheet.
- Basic information about any work the Council may carry out to the block/estate in the future.
- General information about the property such as how many flats there are in the building and how many have been sold.
The invoicing period for the Management Expenses is in arrears. This means the seller will still be responsible for paying these costs until the date when the property is sold. Ground Rent and Buildings Insurance are also included in the Management Expenses invoices and they are paid once a year.
The invoice year runs from 1 October to 30 September. Invoices are usually sent to leaseholders in March/April. Money should be kept from the sale to cover these expenses. The Council does not give advice on how costs should be divided between the parties. It is expected the information provided will help parties to agree terms of sale and set up a retention fund. If the parties fail to do so, the Council cannot fix the situation and any outstanding debt will be passed on to the new owners.
Please make your buyer aware they need to complete and send us a Notice of Transfer once the sale has completed, in line with the terms of the lease and the information provided in the LPE1. If this doesn't happen the current seller will still have to pay the property's invoices as we won't have the updated information.
The Council's Finance Team has confirmed when providing accounts information for the resale of a long leasehold interest, we provide the last three years invoices for management expenses, ground rent and buildings insurance. From these documents, an average amount can be drawn which helps predict a retention figure for any future charges. These figures form part of the HRA accounts which then form part of our annual audited accounts which are published on our website.
You can purchase a Seller's pack by completing our online form.
If you have any questions, please e-mail the Legal team or call 01883 722000.