Selling a Flat With Section 20 Notice

If you’re trying to sell a flat with a Section 20 notice, it can be more complex but a fast and fair offer is always possible.

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Your top questions when selling a flat with a section 20 notice

✅ What is a Section 20 notice for leasehold flats?

The Landlord and Tenant Act 1985 includes Section 20 which specifies that the freehold owners of a property like a block of flats, where the units are owned by individual leaseholders, must consult with those leaseholders if the freeholder is planning to do any major maintenance work or other projects at the property for which the leaseholders will have to pay more than £250.

✅ What types of work can be covered by a Section 20 notice?

There is no single definitive list of what can and cannot be considered major work that can be done under a Section 20 notice, but it generally covers large-scale costly projects which may nevertheless vary in type. Some common examples of work that can require a Section 20 notice include installing a new lift, repainting the entire property, and replacing the roof.

✅ Are freeholders always required to issue Section 20 notices?

Yes. Freeholders must issue a Section 20 notice to explain to leaseholders what work they are planning for the property, and also to give them input on the work, such as nominating contractors that they think could be cheaper. If a freeholder fails to issue a notice, leaseholders might be able to avoid having to pay large amounts of money toward the cost of the work.

✅ How does a Section 20 notice complicate the sale of a flat?

Some buyers might be wary about making an offer on a property that currently has a Section 20 notice because they could fear that soon after the purchase is complete and they move in, they will be stuck with a large bill for whatever work is being doing on the property. However, quick buyers are able to make fast and fair offers for buying flats with Section 20 notices.

✅ How long will it take me to sell my flat with a Section 20 notice?

It depends on the approach that you use for finding a buyer, because using an auction might take at least several months, whilst selling without any help or using an estate agent could take more than an entire year. Your quickest option is likely selling to a fast buyer who can complete the entire process of buying your flat in just a few weeks, including the exchange of contracts.

✅ What commission will I have to pay when selling my flat?

If you sell your home through a property auction or estate agent, you can expect to pay commission based on the sale price. If you sell to a no-fee quick buyer or you sell on your own, you will not have to pay any fees and can keep your costs down.

✅ How do I know that I can trust a quick buyer with the sale of my flat?

Ask individual quick buyers if they are registered with The Property Ombudsman (TPO), which is an independent organisation that protects homeowners by issuing regulations for its members to follow that are designed to guard against scams in the quick buying industry. Be careful if selling your home to a company that cannot prove it belongs to TPO, because it might be fraudulent.

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