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ground rent company telling my daughter she has to get house insurance from Aviva

2

Comments

  • Guest101
    Guest101 Posts: 15,764 Forumite
    barrowfordclaret wrote: »
    So basically she is tied to which insurer the freeholder tells her for building insurance. Aviva is 4 times dearer than her present insurer. :eek: Thanks for all the advice, seems a bit of a rip off to me. As long as its insured for the rebuilding cost what's it matter who its insured with. :mad:

    Thanks all

    The freeholder owns the house and wants it insured with Aviva, not alot can be done about that :/
  • barrowfordclaret
    barrowfordclaret Posts: 43 Forumite
    Guest101 wrote: »
    The freeholder owns the house and wants it insured with Aviva, not alot can be done about that :/
    No my daughter owns the house, I'm confused now lol
  • DRP
    DRP Posts: 4,287 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    barrowfordclaret wrote: »
    No my daughter owns the house, I'm confused now lol

    It's a leasehold house isn't it?

    She is leasing it for xxx years.
  • Guest101
    Guest101 Posts: 15,764 Forumite
    barrowfordclaret wrote: »
    No my daughter owns the house, I'm confused now lol

    No your daughter owns the lease, she owns the right to live and occupy for 120 years (or however many years the lease is for), and she can sell the lease, or renew it or whatever.

    But the freeholder Owns the property/land. Like if it was a flat, the freeholder owns the whole building, and she would own the lease to flat 1 or whatnot.

    Basically she should've bought freehold.
  • barrowfordclaret
    barrowfordclaret Posts: 43 Forumite
    She says none of this was explained to her by her solicitor, but no doubt it will be in the small print when she signed. Thanks again:beer:
  • sammyjammy
    sammyjammy Posts: 7,990 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    barrowfordclaret wrote: »
    She says none of this was explained to her by her solicitor, but no doubt it will be in the small print when she signed. Thanks again:beer:

    Given she already has her insurance for the year I would just pay the £60, if she can pay this in Year 1 surely she could do the same in the future if it works out cheaper for her.
    "You've been reading SOS when it's just your clock reading 5:05 "
  • Guest101
    Guest101 Posts: 15,764 Forumite
    barrowfordclaret wrote: »
    She says none of this was explained to her by her solicitor, but no doubt it will be in the small print when she signed. Thanks again:beer:
    not to cast doubt on your daughter at all, but was she not suspicious when the length of the lease came up?
  • xylophone
    xylophone Posts: 45,735 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    When I was the leaseholder of a flat, the freeholder required that the leaseholders insured with a certain insurance company( which also insured the common parts).

    In fact when another leaseholder and I had to make a claim (ingress of water from roof which dripped through his ceiling and mine) it made life very much easier.
  • propertyman
    propertyman Posts: 2,922 Forumite
    The answer is if the lease says so, yes. They often do.

    While your daughter insures another might not and the freeholder's investment is reduced to a pile of ashes :(
    Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
    Actively hunting down the person who invented the imaginary tenure, "share freehold";     if you can show me one I will produce my daughter's unicorn
  • spacey2012
    spacey2012 Posts: 5,836 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    They can not fine anyone, only a court of law can.
    The £60 is an unlawful penalty, tell them to try and claim it in court where she will counter claim for harassment.

    In the meantime read the lease conditions and see if it mentions this insurance company
    Also call the solicitor who dealt with this and ask why they were asleep at the wheel in not pointing out a restricted clause ?, Ask if they actually read any of it ?
    And just to re-iterate, they can NOT fine her.
    Be happy...;)
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