Guidance for Selling a house on the Summerley Estate

Please note that SEMCo are not in any way responsible for the sale of your house and always suggest the engagement of solicitors when buying or selling. What follows is simply guidance.

If you are planning to sell your house on the Estate please can you ensure you follow these steps:

 

  1. Selling a property here is exactly the same procedure as anywhere except that you have a share attached to your home.

  2. This share needs to be ‘sold’ to your buyer.

  3. You may either ask your solicitor to arrange this as a separate sale for £1000 or include that in the selling price.

  4. Summerley Estate Management Company Limited – the company which owns, and manages the common areas of the estate, has engaged Wannops solicitors, 54 High St, Bognor Regis PO21 1SP, to act for them in administering the sale process for you and your buyer. Your solicitor should contact them with any questions.

  5. The important thing is that your solicitor MUST complete a Stock Transfer form which they will need to send to SEMCo.

  6. The share will then transfer to the new owner upon completion.

  7. Wannops will arrange the completion of the FME1 form for which there will be a standard solicitor charge to the seller, which at the time of writing is in the region of £300.

  8. Please advise the SEMCo registrar at ARG, via the portal, of your intention to sell so that we are aware, and also advise us of the date of completion so that we know to expect the Stock Transfer form and can transfer the share to the new owners.


 

Guidance for Buying a house on the Summerley Estate

  1. Buying a property here is exactly the same procedure as anywhere except that there is a management company (SEMCo) owned by the residents via share ownership, which owns the freehold of all the roads and verges and manages the common areas of the estate.

  2. The vast majority of residents own a £1,000 share in

  3. SEMCO. The share attached to the property which you are purchasing needs to be bought from your vendor.Your solicitor should contact Wannops, 54 High St, Bognor Regis PO21 1SP, who act for SEMCo and will advise on the process, they will also complete form FME1 for you, which your solicitor will require.

  4. The share will transfer to you, the new owner, upon completion of the sale.

  5. If your vendor is not a shareholder, then you will be able to buy the share, reserved for your property, directly from SEMCO when you complete your purchase.

  6. Please contact SEMCo using email: enquiries @summerleyestate.co.uk to inform them of the proposed date of moving in, so that we can bring you our Welcome Pack with its essential information
     

 

Guidance for Renting a house on the Summerley Estate

 

Please ensure you inform the SEMCO Registrar, via the resident’s portal, if you are renting out your Summerley Estate property so that the Code of Conduct, and other important documentation can be shared, including the necessary parking permits.

 

Many Thanks,

Summerley Estate Management Company Limited