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

JASB — Fri, 10 Jul 2020 15:13:04 GMT

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.

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

JASB — Fri, 10 Jul 2020 15:13:04 GMT

[quote]

[b]jcdmcr - 5 Jul 20 8:11 PM[/b]

[quote]

[b]JASB - 31 Oct 19 2:40 PM[/b]

[/quote]

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

[/quote]

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

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

jcdmcr — Sun, 05 Jul 2020 20:11:59 GMT

[quote]

[b]JASB - 31 Oct 19 2:40 PM[/b]

[/quote]

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

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

JASB — Fri, 01 Nov 2019 16:11:39 GMT

[quote]

[b]AB2014 - 31 Oct 19 3:13 PM[/b]

[quote]

[b]JASB - 31 Oct 19 2:40 PM[/b]

[/quote]

Sadly, nobody in an official position will be pro-active about it, as there would be no evidence of an offence being committed until somebody decided to react, so Sloping Shoulders come into effect. :angry::( Also known as Somebody Else's Problem.

[/quote]

Hi
Agree. Mind you who are we to complain when MP's get such hassle
Have a good weekend.

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

AB2014 — Thu, 31 Oct 2019 15:13:56 GMT

[quote]

[b]JASB - 31 Oct 19 2:40 PM[/b]

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