Transfer of ownership and inheritance – exempt disposals
Anyone who inherits a discounted sale affordable property (DOMV home or First Home) is required to inform the Council. If existing joint owners wish to transfer the property into the sole name of one of the existing joint owners they may do so without informing the Council.
Exempt disposals for First Homes will apply in accordance with the relevant S106. Generally, this will mean those who inherit a home or transfer of ownership is part of a court order, divorce settlement or other legal agreement do not need to meet the eligibility criteria (in line with the relevant S106 and this Policy) as long as they use it as their only and principle home and only sublet on the specified grounds and time restrictions as set out in this Policy and the relevant S106.
Mortgagee exclusions will be included in the relevant S106 agreement.