Refunds differ for Co-Own, Co-Own for Over 55s and Rent to Own.
If applying to Co-Own or Co-Own for Over 55s the assessment fee of £100 is non-refundable. The property fee of £500 may be refundable in part depending on how far the application has been processed. If you withdraw your application or it is declined, you may be due a refund as follows:
- If no valuation has been conducted a refund of £455 will be due.
- If a valuation has been conducted but no legal work has been instructed a refund of £405 will be due.
- If legal work has been instructed but not completed a refund of £405 less one half of any legal costs incurred will be due.
If applying to Rent to Own the assessment fee of £100 is non-refundable. The £2,500 down payment and tenancy deposit will be refunded at the end of the tenancy in line with the terms set out in the Rent to Own tenancy agreement and Option to purchase agreement.