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Buying a flat - Disclosure to the Freeholder for their building insurance policy - NO protection


https://forum.unlock.org.uk/Topic26546.aspx

By JASB - 31 Oct 19 2:40 PM

Hi,

As part of my wishing to start a new life I - like many others- wondered about renovating a place and selling it then start again.

I found a flat in a building of 5 flats that met my budget and plans. I put an offer in and received the legal docs - in particule the leasehold agreement from the Freeholder.
Prior to sending it to a solicitor I had a quick read. Imagine my surprise when I found a clause concerning unspent convictions. In brief it stated I had to declare my conviction to the freeholder and for it to be provided to the relevant insurance company.

I got legal advice and spoke to my PPU/Probation Officer with replies suggesting that's life. When I asked how am I assured confidentiality by a freeholder not telling other leaseholders the reasons for an insurance increase, still no answer. 

Obviously I could not risk my attempt at a new life so terminated my offer.
By JASB - 10 Jul 20 3:13 PM

jcdmcr - 5 Jul 20 8:11 PM
JASB - 31 Oct 19 2:40 PM
Hi,

As part of my wishing to start a new life I - like many others- wondered about renovating a place and selling it then start again.

I found a flat in a building of 5 flats that met my budget and plans. I put an offer in and received the legal docs - in particule the leasehold agreement from the Freeholder.
Prior to sending it to a solicitor I had a quick read. Imagine my surprise when I found a clause concerning unspent convictions. In brief it stated I had to declare my conviction to the freeholder and for it to be provided to the relevant insurance company.

I got legal advice and spoke to my PPU/Probation Officer with replies suggesting that's life. When I asked how am I assured confidentiality by a freeholder not telling other leaseholders the reasons for an insurance increase, still no answer. 

Obviously I could not risk my attempt at a new life so terminated my offer.




i'd have asked the solicitor to have the clause removed.... 

Hi

this reply to my post has just popped up though dated last Oct

Nice idea but a solicitor would fail as it is the building insurance managing the "risk" for the building that asks it. I assume you have car insurance, same thing..

Thanks