Best account for new freeholders?

Vandysgal

I am one of three flatowners who have just purchased the freehold of our property (converted house). We need an account in which to keep monthly contributions for insurance, upkeep, etc. We do not want a busness a/c ... just a free current or savings a/c, preferably with all three names on it. Big banks say we can have only two names. Any suggestions?

YorkshireBoy

Vandysgal wrote: »

Any suggestions?

Think long and hard about whether you wish to create financial associations with your 'neighbours'!

bizzybee

HSBC do a Community Account, you have to hunt very hard on their website to find details but it is there


http://www.business.hsbc.co.uk/1/2/business-banking/business-bank-accounts/other-bank-accounts

innovate

try this link http://www.business.hsbc.co.uk/1/2/business-banking/business-bank-accounts/community-account#maincontent

Though I agree with YorkshireBoy.

What would the advantages be of having an account with the other two owners?

100saving

YorkshireBoy wrote: »

Think long and hard about whether you wish to create financial associations with your 'neighbours'!

I agree with YorkshireBoy this sounds like financial suicide!

Vandysgal

We do not wish to pay a managing agent, and therefore would like a cheque account for our regular contributions for electricity, maintenance, insurance etc, and in which to put money for big bills such as exterior redecoration as and when needed. If we have a fund, we don't have to chase one another each time money is needed.