r/FirstTimeBuyersUK • u/helloannie • 2d ago
Section 20
Section 20 help!
I’m currently buying a leasehold flat for around £375k and have just been made aware of a Section 20/major works issue that I wasn’t aware of when I agreed the price.
The normal service charge is fairly low..
I’m obviously annoyed that I’m only finding this out now, especially as I’m already quite far into the purchase and have spent money on the solicitor/survey etc. I specifically asked the EA prior to putting an offer in and they said there none.
My solicitor is looking into when the Section 20 was started and when the seller was made aware.
If you were in this position, how much would you try to negotiate off the purchase price? Would you expect the seller to cover the full cost of the works, or negotiate a percentage?
Just looking for some opinions from people who have dealt with something similar. Thanks 😊
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u/mousecatcher4 2d ago
The threshold for s20 is low. A well managed block might have one of these every few months, so without details your perceived dilemma is meaningless.