Stage 1 of 2

Application for shortfall sale

A shortall sale means if the money from the sale of the property is not enough to repay what you owe, you will have to pay the difference.

There are two 2 stages to the shortfall sale application, please complete the stage 1 application. Once submitted a member of our team will be in contact with you to discuss the next steps.

Your Co-Own Reference*
Name of co-owner 1*
Name of co-owner 2*
Do you have any children/ dependants?
Please list the name and date of birth for each child/dependant
Name Date of birth
Address of Co-Own Property*
Town*
Postcode*
Is this the address that you are currently living at?
- Yes
- No
Please provide details of the address you are currently living at, including town and postcode.
Contact Number*
This is the contact number we will use to arrange access to value the property.
Email Address*

We may respond to you by email
We can only consider a shortfall sale if there are extenuating circumstances. Please detail the reason for the proposed shortfall sale.
Please upload any supporting documentation you may have to support your application for a shortfall sale.
Drop files here or
Max. file size: 30 MB.
Please confirm the reason you are not considering/ continuing with the agreed sublet arrangement?
What are your future living arrangements? (For example; private renting, moving to social housing etc?)
What is the proposed/ estimated selling price of the property? (A)
What is the outstanding mortgage amount? This is the full amount due to your lender include any fees, arrears or early settlement charge. (B)
What is the amount owed to Co-Ownership? This can be taken from a current Equity Valuation or can be estimated as a percentage of the proposed selling price. (C)
What is the estimated shortfall amount outstanding? To work this out please deduct the outstanding mortgage amount (B) and the amount owed to Co-Ownership (C) from the proposed/ estimated selling price of the property. (A)
To work this out please deduct the outstanding mortgage amount (B) and the amount owed to Co-Ownership (C) from the proposed/ estimated selling price of the property. (A)
Please note that any Estate Agent or Solicitor fees must be met by the customer and cannot be deducted from the sale proceeds. A property placed on the market is the responsibility of the leaseholder.
Confirmation
I confirm that all the information submitted is correct.

Name	Date of birth