Decision details

Shared Ownership Sales - Reservation Fees

Decision Maker: Portfolio Holder for Strategic and Operational Housing

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To seek approval to introduce a Shared Ownership Reservation Fee and for it to be included within the next SHDC Table of Fees and Charges

Decision:

1.      That SHDC should charge a one-off fixed rate reservation fee of £250 to prospective purchasers of shared ownership properties

2.      That this fee should be included within SHDC’s Table of Fees and Charges

3.      That authority be delegated to Head of Delivery to refund the fees

Reasons for the decision:

1.      To establish the appropriate reservation fee to charge

2.      To clarify arrangements for approving individual applications to purchase shared ownership housing, and the collection of reservations fees

3.      To confirm arrangements for considering refunding reservations fees

Alternative options considered:

Do nothing. In this event, SHDC will not charge a reservation fee and would enable prospective purchasers to reserve SHDC’s shared ownership properties without making any financial commitment to the purchase.

Interests and Nature of Interests Declared:

None.

Wards Affected: (All Wards);

Conflict of Interest: None

Dispensation Granted: None

Contact: Caroline Hannon, Head of Delivery Email: Caroline.Hannon@sholland.gov.uk.

Publication date: 24/08/2023

Date of decision: 24/08/2023

Effective from: 02/09/2023

Accompanying Documents: