Section 20 Notices
Section 20 notices are a legal document produced by the council to the leaseholders of a building. The leaseholders are the people who have purchased the property from the council originally. This document informs them of possible or integral works which are to be carried out on the communal areas of the building. These areas are generally front entrances, communal corridors, interior and exterior along with staircases, lifts and roofs etc. Leaseholders will only be held reliable for essential works that need to be carried out, redecoration and other non-essential tasks are not covered. The leaseholder is responsible for a proportionate amount of the total cost of the works.
These documents can bear a huge burden on owners trying to sell their property especially if they face debts and need to get a quick cash property sale.
Selling with a Section 20
Should you try to sell your property, and a section 20 Notice has been served you will be legally required to inform potential buyers of the imposed notice. Of course, this will negatively influence most potential buyers making a sale much less likely to complete. The debt incurred from the section 20 notice will remain on the property until cleared, whether by the current or future owner.
Quick Property Sale understand these documents and will buy the property knowing there is one existing as we are specialised investors. We will then provide a quick cash property sale within days rather then months.
Many cannot afford the sum of money which is being requested of them, sometimes up to £ 20,000. Section 20 notices are served when the council feels that money needs to be spent and unfortunately it’s down to the leaseholder to cover the costs as a percentage in relation to the remaining properties within the block.
Regardless whether you see the suggested work to be imperative is regardless, therefore giving you little option but to oblige or sell.
We Can Help
At Quick Property Sale we can help as we provide a tailor made service to suit your own personal needs. Our advisors fully understand the situation you may be facing and can offer you professional, understanding advice. Quick Property Sale will purchase your house with or without a section 20 notice. We specialise in quick cash property sales and can buy your property to release equity while you continue to live there or move on. The choice is yours.
We at Quick Property sale pride ourselves on delivering a service, which answers your problems and comes up with solutions. We act quickly and can have a sale to completion within days.
For more information please call one of our experienced advisors free on 0800 107 7939 or visit our website at www.quickpropertysale.co.uk
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