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Insurance against non Lease Renewal
theGrinch
Posts: 3,133 Forumite
I was wondering if this kind of cover is readily available and the kind of rates it was at.
I have been offered a flat with 13 years remaining for £50k. Needless to say, it is a risk that the freeholder will not renew the lease as the current owner has not had any talks with her freeholder and is emigrating.
The flat is one of two in an edwardian converted house.
What is the best way to approach this?
I have been offered a flat with 13 years remaining for £50k. Needless to say, it is a risk that the freeholder will not renew the lease as the current owner has not had any talks with her freeholder and is emigrating.
The flat is one of two in an edwardian converted house.
What is the best way to approach this?
"enough is a feast"...old Buddist proverb
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