Buying flat with no formal maintenance agreement

iansl2000

Thanks all,
I've asked for a copy of the lease.
To Time2go, can I be cheeky and ask would you know the mortgage companies concerned?
Thanks
Ian

Hama4075

Have you tried to discuss this more with your solicitor? You're paying them to check everything and explain it with you in a way that's clear to you. And they have access to all the relevant documents and context.

Time2go

The ones I know off are Newcastle building society Barclays Halifax HSBC and Santander. So hardly specialist.

iansl2000

Thanks for all the replies.
I've told the estate agent that I'm withdrawing from the purchase unless they can provide evidence to my solicitor that will change their advice.

Ian

Lokolo

Are there any communal grounds for there to require a maintenance company?

I was a ground floor, all flats with their own entrances (no common areas). I owned the front garden. We didn't have a maintenance agreement either. Wasn't really required as there were no communal areas to maintain.

I had mortgages with Barclays and HSBC on this.

Seems a bit rash to pull out, but well if you're not comfortable then so be it.

messes

So do you now have a copy of the lease to see what the arrangement was. It really should be defined in there.

Perhaps whats causing your solicitor concern is buildings insurance as normally shared maintenance agreements would include this?

In our similar block each owner provides their own building insurance, which was acceptable to the mortgage company.

Nationwide mortgaged on my flat with no complaints about this arrangement.

davidmcn

Lokolo wrote: »

Are there any communal grounds for there to require a maintenance company?

I was a ground floor, all flats with their own entrances (no common areas). I owned the front garden. We didn't have a maintenance agreement either. Wasn't really required as there were no communal areas to maintain.

All flats involve some sort of communal bits, even if it's just the roof and structural walls.