There is no need to sell your property as it reverts back to the ownership of the Company following written submission of notice to leave and expiry of the required notice period. Your money will be returned to you or your estate at the end of the notice period, less a standard Retention Fee to cover the cost of refurbishing and remarketing the property, administration costs, legal expenses and a contribution to the larger scale maintenance of the estate.
Your sales adviser will provide full details regarding the sliding scale Retention Fee. This convenient system avoids the uncertainty of selling in the open market, the additional cost of agent and solicitors’ fees and the uncertainty of fluctuating exchange rates.