My Neighbours Mortgage details??

real1314

I doubt that the mortgage co. will get involved at all. even admitting to you that he has a mortgage with them would be a breach of data protection rules.

you need to address your concerns to the correct authorities.
You can write to the owner about the situation regarding the tenants (although you need to be very careful about your "alleagtions"), you can also report it to the police (for nuisance and the drug allegation) and to the local council for neighbour nuisance.
trying to get the mortgage co involved would be a waste of your and their time.

as for the buildings insurabce, are you jointly and severally liable? or are you each liable for your own share, if it's the latter then why are the rest of you paying it?
again, the correct wya to address this is with the freeholder. The mortgage co won't be interested as the insurance has been paid and the property is covered.
and if you'd explained your concerns at the start you'd have got more helpful replies. you started in cloak and dagger style, so people were unsurprisingly suspicious of your motives, particularly as the issues you've raised are nothing to do with the mortgage co.

clutton_2

the lender should know that he has not been paying his insurance - as strictly speaking the lender owns the property not him. With normal property insurance, the lenders interest is noted on the insurance policy and the insurance company notify the lender if the premium is not paid. The lender can pay the insurance, and then add that onto the debt. but since the premium is being paid by others (you 3) the lender wont give a toss !! it is, as earlier suggested, a civil matter and a small claims matter, but, if these folks are drug users, they will have no money, will not turn up in court, and will never pay you - what is the point ?

i;d move if it as me

pawpurrs

I know not ideal but if you are paying his insurance then cant you claim on that. If he is the sort to keep getting drug dealers in then maybe he is not the sort to mess with?

Horrible situation to be in, sympathies xx

italia

is the building freehold or leasehold?there are all sorts of terms and conditions enforable by law in my lease for our flats. all sorts of things you can/can't do, do you have a copy of this?

can you get a solicitor involved to bill the owner? i take it they don't have his address or wont give it out?

A condition of his mortgage will be that he has building insurance so the fact that you pay his part means his does have insurance so i don't know if they would be able to help.

are your properties managed by anyone? you could consider using a property management service, eg homestead. my last apartment block did this and they only needed majority consent to change from managed by the owners to a property management company. they send the bills out for maintenance and buildings insurance and are able to add charges when they dont pay. he can't have a free ride of you guys paying his insurance and having to pay when his bath leaks etc.

also he is affecting your resale as it sounds like the tennants are bringing the area down. and if you sell yet you have to declare you have paid up your buildings insurance etc but it is unfair to offload paying his onto someone else too. you must have some legal standing to enforce him to pay. are there any legal experts out there that can suggest something??

pgharron

I will - sorry ;-)