Guidance

The Grenfell Assisted Home Ownership Scheme: application guide for landlords

Published 24 May 2024

Applies to England

Introduction

The Grenfell Assisted Home Ownership Scheme (GAHOS) enables applicants to purchase a leasehold interest (‘share’) in the home they are living in currently.

The value of this share must be at least equivalent to the full value of their Grenfell home. If they would like to, they can explore the possibility of purchasing a larger share too. This includes a share of 100%. If the home is a house, purchasing a share of 100% could mean that the applicant purchases the freehold, or a share of the freehold.  

The value of the different sizes of home at Grenfell are set out below. These are based on what the homes would have been worth on 1 June 2017.

If, for example, the applicant(s) lived in a 2-bedroom flat in Grenfell Tower, to use GAHOS, they must purchase a share in their current home that is worth at least £355,000. This is referred to as the ‘minimum’ share.

Location	Number of bedrooms	Market value
Grenfell Tower	1	£275,000
Grenfell Tower	2	£355,000
Grenfell Tower	3	£400,000
Grenfell Walk	Studio	£275,000
Grenfell Walk	1	£315,000
Grenfell Walk	2	£460,000
Grenfell Walk	3	£495,000
Grenfell Walk	5	£580,000

Next steps

The information below provides a step-by-step guide for how to complete applications through GAHOS.

For further information on the application process, you can contact the Department for Levelling Up, Housing and Communities at: GAHOS@levellingup.gov.uk.

Please note: All the notices and documents referred to below can be downloaded from Gov.uk.

There are also separate application guides for applicants: One for applicants living with RBKC and one for applicants living with other landlords (e.g. a housing association or different local authority).

Both of these application guides can also be downloaded from Gov.uk.    

Submitting grant funding information to the Greater London Authority (GLA):

It is suggested that you begin submitting the required information to the GLA to support your bid for grant funding at Step 7 below.

If, however, you need to submit information before this point you can do so. This could, for example, apply to any information required to support a bid for additional legal or abortive costs.

Engagement with applicants’ solicitors:

You must contact the applicant(s)’ solicitor at the earliest possible opportunity. This will allow you to arrange for the payment of any assistance with Stamp Duty Land Tax to which the applicant(s)’ is/are entitled (see Step 12 below) well in advance of completion.

Preparing a GAHOS lease:

When preparing a GAHOS lease, you must ensure that it contains all of the fundamental clauses. These fundamental clauses are included in the GAHOS model leases available from Gov.uk.

The only exception to this is if the applicant(s) purchase a 100% share in a house and, in doing so, acquire the freehold. In this instance, you can prepare the relevant deed of transfer as necessary, and without the fundamental clauses.

This is because the fundamental clauses are designed for the purchase of a leasehold interest in a home. They are not necessary for a freehold purchase because the applicant(s) will own the house outright, meaning that the features of a leasehold arrangement that the fundamental clauses apply to are not required. There will, for example, never be a need to pay rent on any unacquired equity if the applicant(s) purchase the freehold.

Step 1: Applicant enquiry

The applicant(s) must contact you to express their interest in using GAHOS to purchase a share in their home.

As part of this initial conversation, you must offer to send the applicant(s) the Grenfell Assisted Home Ownership Scheme – Key information document.

This key information document provides a detailed explanation of how GAHOS works, and the applicant(s) must be advised to read it thoroughly before making a final decision on whether to apply.

Step 2: Eligibility check

The applicant(s) must confirm that they are happy for you to check their eligibility for GAHOS.

The applicant(s) can confirm this as part of Step 1 above, or at a later date. Confirmation can be provided by phone, email, or in person.

The Royal Borough of Kensington & Chelsea (RBKC):

Once confirmation has been received, RBKC checks its records to determine the applicant(s)’ eligibility.

Other landlords:

You must contact RBKC to check the applicant(s)’ eligibility. You can do this by phone or via email.

Phone: 0800 4456 1019

Email: grenfellhousingservices@rbkc.gov.uk

RBKC must provide you with written confirmation of the applicant(s)’ eligibility via email. This is to ensure that you have a written record of the applicant(s)’ eligibility status.

RBKC must also confirm the size and location of the applicant(s)’ Grenfell home. You must use this information to determine:

• the minimum share that the applicant(s) must purchase in their current home (the minimum share is equivalent to the full value of the applicant(s)’ Grenfell home – See the Introduction above); and

• the value of the ‘market premium’ that you must deduct from the purchase price of the applicant(s)’ share in their current home (the market premium is equivalent to 20% of the full value of the applicant(s)’ Grenfell home – See the Introduction above).

Notifying the applicant(s) of the outcome of the eligibility check:

Once the applicant(s)’ eligibility status has been confirmed, you must send them a GAHOS 1 – Notice of eligibility for the Grenfell Assisted Home Ownership Scheme to inform them of the outcome of your check.

This Notice enables you to also notify the applicant(s) of any additional factors, that may mean their application takes longer than usual to complete, or if the home cannot be purchased for any reason.

For example, if you do not own the freehold to the building, you may be required to negotiate with the freeholder to grant the applicant(s) a lease on GAHOS-specific terms.

Timeline:

You must send the applicant(s) their GAHOS 1 – Notice of eligibility for the Grenfell Assisted Home Ownership Scheme no later than 2 weeks after their request for you to check their eligibility. 

In cases where you are required to negotiate with the building’s freeholder in order to grant a GAHOS lease, the applicant(s) should be advised not to progress their application until this negotiation has been completed.

Please note: If an application is withdrawn by the applicant(s), or closed by you, at any point following confirmation of their eligibility, RBKC must be notified.

This will ensure that RBKC can keep track of applicants’ eligibility, including applicants who are eligible via transfer.

You can notify RBKC using the contact information provided above.

Step 3: The application form

Following confirmation of their eligibility, the applicant(s) must complete and return to you their GAHOS 2 – Notice of application to the Grenfell Assisted Home Ownership Scheme.

You must confirm your receipt of this application form by completing and sending the applicant(s) a GAHOS 3 – Notice confirming landlord’s receipt of an application to the Grenfell Assisted Home Ownership Scheme.

As part of this Notice, you must outline the timeline for the completion of your legal, financial, and property checks (see Step 4 below).

Timeline:

You must send the applicant(s) their GAHOS 3 – Notice confirming landlord’s receipt of an application to the Grenfell Assisted Home Ownership Scheme no later than 3 working days following receipt of their application form.

Please note: Once you have received a completed GAHOS 2 – Notice of application to the Grenfell Assisted Home Ownership Scheme, you must notify RBKC using the contact information in Step 2 above.

If an applicant is eligible via transfer, you must also notify RBKC of the family member who has made the transfer.

You can find the name of the relevant family member at Part B of the application form.

This will ensure that RBKC can keep track of applicants’ eligibility, including applicants who are eligible via transfer.

Step 4: Financial, legal, and property checks

Once you have received a completed GAHOS 2 - Notice of application to the Grenfell Assisted Home Ownership Scheme, you must conduct a set of financial, legal, and property checks.

These checks are similar to those that would be conducted if you were selling the home on Right to Buy terms.  

This includes confirming:

• the applicant(s)’ identity;
• the applicant(s)’ age (i.e. that they are at least 18 years old);
• that the applicant(s) does/do not have another property in the UK or elsewhere that is used as their main home (i.e. the home where they spend most of their time);
• that the applicant(s) is/are not in rent arrears;
• that the applicant(s) is/are not subject to a court order for possession of their home;
• that the applicant(s) is/are not subject to bankruptcy proceedings or unfulfilled credit arrangements; and
• that the applicant(s) is/are not subject to legal proceedings that might affect their purchase.

If an applicant is eligible for GAHOS via transfer, you must check with the relevant family member that they are content for their eligibility to be passed to the applicant.  

An applicant must provide contact details for the relevant family member at Part B of their GAHOS 2 – Notice of application to the Grenfell Assisted Home Ownership Scheme.

You must also check:

• that the property is not due to form part of a stock transfer;
• that the property is not due to be demolished within the next 3 years; and
• the length of lease that can be offered. You must offer to grant the applicant(s) the maximum possible lease term, with a minimum term of 99 years.

You must notify the applicant(s) of the outcome of these checks by sending them a GAHOS 4 – Notice confirming completion of landlord checks.

If, following these checks, it is determined that an application cannot proceed for any reason, if appropriate, you must use this Notice to also provide the applicant(s) with information about how the relevant issue(s) can be resolved. For example, how the applicant(s) might resolve any rent arrears.

Timeline:

You must send the applicant(s) their GAHOS 4 – Notice confirming completion of landlord checks no later than 4 weeks after you have received their GAHOS 2 – Notice of application to the Grenfell Assisted Home Ownership Scheme.

If further checks are required that mean this timeline will be missed, you must notify the applicant(s) at the earliest possible opportunity, including a revised date for completion.

Please note: If the delay is due to a fraud check, you do not need to notify the applicant(s) or provide a revised date for completion.

Step 5: Determine the value of the applicant(s)’ home

After completing your financial, legal, and property checks, you must determine the value of the applicant(s)’ home via a valuation from a surveyor who is a member or fellow of RICS, or a RICS registered surveyor.

You must notify the applicant(s) of the outcome of your valuation by sending them a GAHOS – Key information document about the home.

In addition to the value of their home, this document must be completed to include:

• the home’s address and type (e.g. flat or house);
• the value of the minimum share required for purchase (the minimum share is equivalent to the full value of the applicant(s)’ Grenfell home – See the Introduction above);
• the purchase price of the minimum share once the relevant discount(s) is/are applied;
• the length of the lease term;
• estimates of payments due to you over the first 12 months of ownership, including service charge, buildings insurance, management fee, and sinking/reserve fund contributions; and
• your name and address.

This information can then be used by the applicant(s) to help inform the advice they receive from a mortgage adviser (see Step 8 below).

It will also be useful for applicants to show their solicitor this information during conveyancing (see Step 11 below), alongside your formal offer notice (see Step 9 below).

Timeline:

If the home is a flat, you must determine its value no later than 12 weeks after you have completed your financial, legal, and property checks (see Step 4 above).

If the home is a house, you must determine its value no later than 8 weeks after you have completed your financial, legal, and property checks (see Step 4 above).

You must send the applicant(s) their GAHOS – Key information document about the home as soon as you have determined the value of their home.

Step 6: Your valuation is accepted, or the applicant(s) can ask for the District Valuer to determine their home’s value

If the applicant(s) is/are content with the outcome of your valuation of their home, they must let you know by completing and returning their GAHOS – Notice of valuation.

This Notice is contained in the applicant(s)’ GAHOS – Key information document about the home.

If the applicant(s) is/are not content with the outcome of your valuation, they must discuss it with you first. This offers you the chance to explain to the applicant(s) how you came to your conclusion.

If, following this discussion, the applicant(s) is/are still not content with your valuation, they can request that the District Valuer determine the home’s value instead.

The applicant(s) must let you know that they want the District Valuer to determine their home’s value by completing and returning their GAHOS – Notice of valuation.

Once you have received this Notice, you must contact the District Valuer to begin the valuation process.

Timeline:

Applicants must complete and return their GAHOS – Notice of valuation no later than 4 weeks after they have received their GAHOS – Key information document about the home.

The District Valuer aims to complete all determinations within 12 weeks, though it can sometimes take longer.

Step 7: Begin submitting information to the GLA to inform your bid for grant funding

You are entitled to claim grant funding from the GLA to facilitate your grant of a lease to applicants on GAHOS-specific terms.

The GLA’s GAHOS - Grant funding guidance sets out this process in detail, including what aspects of the scheme you can claim grant funding to support (e.g. the cap on rent and service charges).

To make a claim for grant funding, you must submit certain information to the GLA’s Open Projects System (OPS): https://ops.london.gov.uk/#/home  

Please note: To inform a bid for grant funding for any loss of income incurred through GAHOS’s cap on service charges, you must contact your Area Manager to determine where the cap is set for the current financial year.

If you are unable to reach your Area Manager for any reason, please contact the GLA using: affordablehomes@london.gov.uk.

Timeline:

When making a bid for grant funding, you must submit certain information to the GLA for your bid to be approved. You must then submit certain other information when the grant is drawn down.

The GAHOS – Funding guidance sets which information must be submitted and at what point.

It is advised that you begin submitting the relevant information to the GLA so that your bid can be approved once the value of the applicant(s)’ home has been determined and agreed with the applicant(s).

The remaining information to enable the draw down of grant funding must then submitting following completion (see Step 13 below).   

Step 8: Mortgage advice

The applicant(s) must receive advice from a mortgage adviser to help determine the affordability of their purchase.

There are two mortgage advisers who have agreed to provide advice to applicants free of charge: The Mortgage People and Censeo Financial.

The applicant(s) must choose the mortgage adviser they would like to use and then contact them directly.

If the applicant(s) would find it helpful, you can also assist in referring them to the relevant mortgage adviser using the contact information below.

The Mortgage People:

Phone: 0800 4880 814

Email: chirpy@tmpmortgages.co.uk

Website: https://tmpmortgages.co.uk/

Censeo Financial:

Phone: 0207 090 7290

Email: assessments@censeo-financial.com

Website: https://censeo-financial.com/

The size of share the applicant(s) would like to purchase:

To use GAHOS, applicant(s) must purchase at least the minimum share in their current home (the minimum share is equivalent to the full value of the applicant(s)’ Grenfell home – See the Introduction above).

If the applicant(s) would like to, they can also explore the possibility of purchasing a larger share in their current home, including a share of 100%.

The Mortgage People or Censeo Financial can help applicant(s) to work out what size of share to purchase, based on the mortgage products available at the time of their application.  

Applying for a mortgage:

If the applicant(s) apply for a mortgage to assist with the purchase of their share in their home, The Mortgage People or Censeo Financial can support them to find the right mortgage lender to meet their personal circumstances, using the list of mortgage lenders who have agreed to participate in GAHOS.

They can also help the applicant(s) to submit their mortgage application.

This support is essential because it will enable the applicant(s)’ mortgage adviser to highlight to their chosen mortgage lender that their application is being made to assist with a purchase through GAHOS.

Without this notification, the mortgage lender may find it difficult to process the application, and this could result in it being wrongly turned down.

An overview of the mortgage advice:

The Mortgage People and Censeo Financial will provide the applicant(s) with a written overview of their mortgage advice. If the applicant(s) consent, the mortgage adviser will also provide you with a copy.

You can also ask the applicant(s) to provide you with a copy if you require one.

Timeline:

The applicant(s) must receive advice from a mortgage adviser no later than 4 weeks after the value of their home has been determined by you or the District Valuer.

The applicant(s) must then confirm with you the final size of share they wish to purchase in their home no later than 2 weeks after The Mortgage People or Censeo Financial have provided them with a written overview of their advice.

Step 9: Hold a home ownership meeting with the applicant(s)

You must offer the applicant(s) a home ownership meeting to discuss what the purchase of their share will mean for them over the long term. This must include a thorough discussion of their rights and responsibilities under the terms of their lease.

It will also provide the applicant(s) with the opportunity to ask any questions they may have about their purchase.

Please note: The home ownership meeting is not obligatory. If the applicant(s) does/do not wish to attend, their application can simply proceed to the next step.

Timeline:

If agreed, a home ownership meeting must be held no later than 2 weeks after the applicant(s) has/have confirmed with you the size of share in their home that they wish to purchase.

Step 10: Formal offer notice

You must send a formal offer notice to the applicant(s) and their solicitor using GAHOS 5 – Offer notice for the purchase of a share in a home using the Grenfell Assisted Home Ownership Scheme.

This Notice must include:

• the full value of the share to be purchased;
• the share’s purchase price (i.e. once the relevant discount(s) is/are applied);
• the lease term in years (you are required to offer the applicant(s) the maximum possible lease term, include for 990 years where you legal interest in their home allows for a term of this length);
• an estimate of the annual service charge, including sinking/reserve fund contribution, for the first year of the lease; and
• any other relevant conditions of sale.

This Notice also contains a GAHOS – Notice of intention for the applicant(s) to complete and return to you. The applicant(s) must use this Notice to confirm if they wish to accept or decline your offer.

Timeline:

You must send the applicant(s) their GAHOS 5 – Offer notice for the purchase of a share in a home using the Grenfell Assisted Home Ownership Scheme no later than 4 weeks after they have confirmed with you the final size of share in their home that they wish to purchase.   

The applicant(s) must accept or decline your offer within 12 weeks of receipt of this Notice.

Step 11: Conveyancing

Once your GAHOS 5 – Offer notice for the purchase of a share in a home using the Grenfell Assisted Home Ownership Scheme has been accepted, you must conduct a final round of checks and compile and send all relevant documentation to the applicant(s)’ solicitor.

The checks include ensuring that:

• the applicant(s) has/have not fallen into rental arrears since your financial, legal, and property checks were completed (see Step 4 above);
• a possession order has not been served to the applicant(s) since your financial, legal, and property checks were completed (see Step 4 above);
• where relevant, the applicant(s) mortgage offer is from a qualifying lending institution; and
• where a mortgage is not required, that evidence of funds to finance the applicant(s) purchase of their share in their home has been provided.

Timeline:

As far as is practicable, efforts must be made to complete conveyancing no later than 12 weeks after the applicant(s) has/have accepted your formal offer notice (see Step 10 above).   

If there is a delay in completing any relevant aspects of the conveyancing process, you must notify the applicant(s) and their solicitor as soon as possible.

Step 12: Exchange of contracts and payment of applicant(s)’ deposit

Once your solicitor and the applicant(s)’ solicitor have completed conveyancing, contracts are exchanged, and the deposit is paid by the applicant(s).

After the applicant(s)’ deposit is paid, the sale becomes legally binding.

Timeline:

Exchange of contracts must occur within a matter of days of conveyancing being completed.

Step 13: Completion

Once contracts have been exchanged, your solicitor and the applicant(s) solicitor must set a date for completion of the applicant(s)’ share in their home.

Payment of assistance with Stamp Duty Land Tax (SDLT):

GAHOS employs a cap to ensure that applicants do not have to pay more SDLT when purchasing their share in their current home than would have been due had they purchased their Grenfell home.

This is primarily so that applicant(s) do not miss out on any SDLT relief for first-time buyers that may have applied to the purchase of their Grenfell home, if the value of their current home is above the threshold for this relief.

The assistance to which the applicant(s) is/are entitled under the cap is for an amount equivalent to the difference between the SDLT due on the purchase of their share in their current home and the SDLT that would have been due had they purchased their Grenfell home outright through the statutory Right to Buy scheme.

The SDLT due on the purchase of the applicant(s)’ share in their current home must be calculated against SDLT policy at the time of their application to GAHOS: https://www.gov.uk/stamp-duty-land-tax/residential-property-rates. As per current SDLT policy, it must be calculated against the share’s purchase price, and not its full market value.

The SDLT that would have been due on the applicant(s)’ Grenfell purchase must be calculated against the full value of their Grenfell home, as listed in the Introduction above.   

Examples of how to calculate the level of SDLT assistance that applicants are entitled to are set out in Appendix 1 of the GLA’s GAHOS – Funding guidance. A series of examples are also included in the GAHOS – Application guide for solicitors.

You are advised to discuss the payment of any assistance with SDLT due to the applicant(s) with their solicitor at the earliest possible opportunity.

You are also advised to enter into an agreement with the applicant(s) and to provide an undertaking with their solicitor. This will ensure that payment of any assistance with SDLT occurs at the right time, and that this payment can be transferred back to you if the household fails to complete their purchase.

The applicant(s)’ solicitor must contact you prior to completion to ask for the relevant amount to be paid to them to hold on trust for the applicant(s), before payment to HMRC.   

You can reclaim this amount from the GLA through your wider GAHOS grant funding bid. For further information on how to submit a bid for grant funding, please see the GAHOS – Funding guidance.    

Timeline:

The applicant(s) must complete purchase of their share in their home no later than 4 weeks following exchange of contracts.

You must pay any assistance with SDLT due to the applicant(s) to their solicitor at least 10 days prior to completion.   

You can draw down any bid for grant funding from the GLA following completion.

Once the applicant(s) has/have completed their purchase, you must notify RBKC using the contact information in Step 2 above.

This will ensure that RBKC can keep track of applicants’ eligibility, including applicants who are eligible via transfer.

Step 14: RBKC sells the reversionary interest in the home to Sovereign Network Group (SNG) (RBKC and SNG only)

Applicants living with RBKC at the time of their application to GAHOS have the option to use their exercise of the scheme to end their relationship with the Council as their landlord.

The applicant(s) must select this option when completing Part C their GAHOS 2 – Notice of application to the Grenfell Assisted Home Ownership Scheme (see Step 3 above).

If this option is selected by the applicant(s), RBKC must sell the share in the home not purchased by the applicant(s) to SNG.

Once this sale is finalised, SNG becomes the applicant(s)’ landlord.

Timeline:

If this option is selected by the applicant(s), RBKC must sell the remaining share to SNG immediately following completion of the applicant(s) purchase of their share in their home (see Step 13 above).  

Delays

If the applicant(s) do not complete any of the relevant actions within the given timeframe, you can send them a GAHOS 6 – Notice of potential closure of application to the Grenfell Assisted Home Ownership Scheme as a reminder.

If the applicant(s) fail to respond to this reminder within 4 weeks, you may close their application.

Please note: If an application is closed, you must notify RBKC.

This must be done to ensure that RBKC can keep track of applicants’ eligibility, including applicants who are eligible via transfer.

You can notify RBKC using the contact information in Step 2 above.

If an application is closed, the applicant(s) will still be eligible to reapply to use GAHOS to purchase a share in their home in the future. 

If a new application is made, the applicant(s) must restart the application process from the beginning.

Complaints from applicants

If applicants wish to raise an issue about the application process, they must first contact you through your official complaints process.

If this fails to resolve the matter satisfactorily, the applicant(s) may be able to refer their complaint to the Housing Ombudsman in certain cases.

Timeline

The below table sets out the timeline for each stage of the application process in one place. Please use it to develop a sense of how long an application is likely to take from start to finish.

Step	Timeline
1. Applicant enquiry	N/A
2. Eligibility check	You must send the applicant(s) their GAHOS 1 – Notice of eligibility for the Grenfell Assisted Home Ownership Scheme no later than 2 weeks after their request for you to check their eligibility.
3. The application form	You must send the applicant(s) their GAHOS 3 – Notice confirming landlord’s receipt of an application to the Grenfell Assisted Home Ownership Scheme no later than 3 working days following receipt of their GAHOS 2 – Notice of application to the Grenfell Assisted Home Ownership Scheme.
4. Financial, legal, and property checks	You must send the applicant(s) their GAHOS 4 – Notice confirming completion of landlord checks no later than 4 weeks after you have received their GAHOS 2 – Notice of application to the Grenfell Assisted Home Ownership Scheme.
5. Determine the value of the applicant(s)’ home	If the home is a flat, you must determine its value no later than 12 weeks after you have completed your financial, legal, and property checks. If the home is a house, you must determine its value no later than 8 weeks after you have completed your financial, legal, and property checks. You must send the applicant(s) their GAHOS – Key information document about the home as soon as you have determined the value of their home.
6. Your valuation is accepted, or the applicant(s) can ask for the District Valuer to determine their home’s value	Applicants must complete and return their GAHOS – Notice of valuation no later than 4 weeks after they have received their GAHOS – Key information document about the home. If necessary: The District Valuer aims to complete all determinations within 12 weeks, though it can sometimes take longer.
7. Begin submitting information to the Greater London Authority (GLA) to inform your bid for grant funding	N/A
8. Mortgage advice	The applicant(s) must receive advice from a mortgage adviser no later than 4 weeks after the value of their home has been determined by you or the District Valuer. The applicant(s) must then confirm with you the final size of share they wish to purchase in their home no later than 2 weeks after their mortgage adviser has provided them with a written overview of their advice.
9. Hold a home ownership meeting with the applicant(s)	If agreed, a home ownership meeting must be held no later than 2 weeks after the applicant(s) has/have confirmed with you the size of share in their home that they wish to purchase.
10. Formal offer notice	You must send the applicant(s) your GAHOS 5 – Offer notice for the purchase of a share in a home using the Grenfell Assisted Home Ownership Scheme no later than 4 weeks after they have confirmed with you the final size of share in their home that they wish to purchase. The applicant(s) must accept or decline your offer within 12 weeks of receipt of your offer notice.
11. Conveyancing	As far as is practicable, efforts must be made to complete conveyancing no later than 12 weeks after the applicant(s) has/have accepted your GAHOS 5 – Offer notice for the purchase of a share in a home using the Grenfell Assisted Home Ownership Scheme.
12. Exchange of contracts and payment of applicant(s)’ deposit	Exchange of contracts must occur within a matter of days of conveyancing being completed.
13. Completion	The applicant(s) must complete purchase of their share in their home no later than 4 weeks following exchange of contracts. You must pay any assistance with SDLT due to the applicant(s) to their solicitor at least 10 days prior to completion.
14. RBKC sells the reversionary interest in the home to Sovereign Network Group (SNG) (RBKC and SNG only)	RBKC must sell the remaining share to SNG immediately following completion of the applicant(s) purchase of their share in the home.