I have found the Flat Of My Dreams.It is in Cladding Remediation.Would you purchase it or not??

Mustbeananswer??

NameUnavailable said:

You can't do anything further until the solicitors have the management pack which will include details of any Section 20 notices issued or intending to be issued.

The vendors would only be selling for a crazy low price if that was to take into account the money they'd otherwise have to spend to be able to sell after the work has been done, or they might just be totally desperate to leave and willing to take a big hit - you need to find out which it is!

Thats about right....I am sure it will unfold next week.But surely if they have been issued already with a Section 20 the vendors are responsible for the debt as the work has started??Its not transferable to me.I have to keep saying the work was Govt Funded...I found my potential new Neighbors and asked them...they said we have all been very lucky !!

eddddy

Mustbeananswer?? said:

But surely if they have been issued already with a Section 20 the vendors are responsible for the debt as the work has started??Its not transferable to me.

Just on those specific points...

• The date the section 20 notice is issued isn't relevant. It's the date of the payment demand that's important.

• For example... if the section 20 notice is issued before you complete, but the payment demand is sent after you complete - you are liable to pay.

• Normally, the law says that a section 20 consultation should be completed before work starts. But if the work is urgent, the Management Company might be able to get dispensation. (I don't know if cladding replacement counts as urgent.)

• But if the payment demand was sent before you complete - your solicitor needs to know, to make sure the vendor pays it before completion.

Mustbeananswer??

eddddy said:

Mustbeananswer?? said:

But surely if they have been issued already with a Section 20 the vendors are responsible for the debt as the work has started??Its not transferable to me.

Just on those specific points...

• The date the section 20 notice is issued isn't relevant. It's the date of the payment demand that's important.

• For example... if the section 20 notice is issued before you complete, but the payment demand is sent after you complete - you are liable to pay.

• Normally, the law says that a section 20 consultation should be completed before work starts. But if the work is urgent, the Management Company might be able to get dispensation. (I don't know if cladding replacement counts as urgent.)

• But if the payment demand was sent before you complete - your solicitor needs to know, to make sure the vendor pays it before completion.

Wow Eddddy you are really well informed.Would a  Section20 be issued even if the work was Government Funded.I.e Informing of the work starting and a projected finish time...but indicating that there is nothing financially due as its funded ?? 

RedFraggle

An S20 is issued for major works where it is likely a leaseholder would have to contribute greater than £250. 

Mustbeananswer??

RedFraggle said:

An S20 is issued for major works where it is likely a leaseholder would have to contribute greater than £250. 

RedFraggle said:

An S20 is issued for major works where it is likely a leaseholder would have to contribute greater than £250. 

My Solicitor is complainiing that their Solicitors are really hard work and have not issued a management pack as yet to see if an S20 has been issued.Things are getting tight my Exchange Date is 04/09/2023...completion 11/09/2023....In her words....To procede I will draft a disclaimer as I cannot advise you to procede with this purchase.Does this mean I have blown a grand plus on her fees.Is the disclaimer for me or their Solicitors.Im hoping when she gets back on Tuesday she is in a better mood and starts doing what I paid her to do !!!

eddddy

Mustbeananswer?? said:

In her words....To procede I will draft a disclaimer as I cannot advise you to procede with this purchase.Does this mean I have blown a grand plus on her fees.Is the disclaimer for me or their Solicitors.Im hoping when she gets back on Tuesday she is in a better mood and starts doing what I paid her to do !!!

It sounds like your solicitor is saying...

"I don't advise you to proceed with the purchase.

Therefore, if you want to proceed with the purchase, you will have to sign a document for that says you are purchasing against my advice."

eddddy

Mustbeananswer?? said:

Things are getting tight my Exchange Date is 04/09/2023...completion 11/09/2023....

Why have you chosen those dates? Why can't you wait longer?

Mustbeananswer??

eddddy said:

Mustbeananswer?? said:

Things are getting tight my Exchange Date is 04/09/2023...completion 11/09/2023....

Why have you chosen those dates? Why can't you wait longer?

Because I dont want to be sleeping on Barnsley Interchange for a Fortnight mate!!She is handling my sale as well ....I am not rocking the boat on the sale....she has had the details for ages 

Mustbeananswer??

eddddy said:

Mustbeananswer?? said:

In her words....To procede I will draft a disclaimer as I cannot advise you to procede with this purchase.Does this mean I have blown a grand plus on her fees.Is the disclaimer for me or their Solicitors.Im hoping when she gets back on Tuesday she is in a better mood and starts doing what I paid her to do !!!

It sounds like your solicitor is saying...

"I don't advise you to proceed with the purchase.

Therefore, if you want to proceed with the purchase, you will have to sign a document for that says you are purchasing against my advice."

And she will still charge me if I pull out...win win eh ??

Martico

Mustbeananswer?? said:

eddddy said:

Mustbeananswer?? said:

In her words....To procede I will draft a disclaimer as I cannot advise you to procede with this purchase.Does this mean I have blown a grand plus on her fees.Is the disclaimer for me or their Solicitors.Im hoping when she gets back on Tuesday she is in a better mood and starts doing what I paid her to do !!!

It sounds like your solicitor is saying...

"I don't advise you to proceed with the purchase.

Therefore, if you want to proceed with the purchase, you will have to sign a document for that says you are purchasing against my advice."

And she will still charge me if I pull out...win win eh ??

If she saves you (tens of?) thousands in extra costs, I'd suggest she's done a good job for you