Cash paid for properties subject to a Common Repairs Notice
Have you received a common repairs notice by the council, confirming that they intend to refurbish the property and you are now liable for your share of the costs?
It is a standard enquiry by solicitors acting for a buyer if a common repairs notice has been served. This can have a dramatic effect on the value of your property if it occurs prior to sale, and even after the refurbishment has been completed, it is unlikely that you will benefit from an equivalent uplift in the property value, compared to the cost of the works program. In the meantime, you have to find a sum of several thousand pounds in a very short time!
Once the works start they may continue for many months, which adds to the difficulties of selling your property, which may not look it’s best in the middle of a noisy site surrounded by scaffolding.
Alba homebuyers are specialist investors in residential property and understand common repairs issues. We don't require mortgage company approvals and can complete on any sale in 10 days if required. Call Alba homebuyers – 018 72 272 854
Common repairs? Alba homebuyers - problem free home sales.
Mrs M was literally days away from eviction due to mortgage arrears.
A court order granting eviction had been passed, and eviction was scheduled for 7 days time. More ... Mr S had a portfolio of flats,
the majority of which were in a run down condition.Faced with considerable refurbishment costs and some difficult tenants,he came to us for a hassle free sale.We made an immediate guaranteed offer on all the properties, and Mr S was able to relax and move on from his problems. More ...
