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worried sick , cracks in house
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A quick "belt & braces" check on something - you previously posted about buying the freehold of a property - is this the same property and did you go ahead with the purchase of the freehold? I imagine the answer will either be that no, it's a different property or that yes, you did go ahead, but the approach will need to be different if you are not the owner of the freehold!🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
not owner of freehold, is a leasehold house1
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Generally speaking I'd expect subsidence to be a matter for the freeholder to be alerted about and take action on in that case? What does the lease say about external walls - do you have a copy to hand that you can check?
Still scary, absolutely, but possibly slightly less "responsibility heavy"🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
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No need to panic Daniel - it will be fixable one way or the other, it's just a matter of working out who will be responsible for doing the fixing.
Do you have a copy of your Lease that you can look at? You are looking for references to repairing and maintaining of external walls, I think.
The the Lease says that the freeholder is responsible for that, then you contact them and they will send someone to look.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
i will look at the deeds0
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This is what Moneyexpert says. May need to contact the original solicitor if not clear?
https://www.moneyexpert.com/home-insurance/leasehold-buildings-insurance/Who Pays Building Insurance on a Leasehold Property?
In many circumstances, the freeholder of your property will be responsible for taking out buildings insurance. Residents of the property will usually all pay a share of this insurance, which may be included as part of a regular service charge.
However, assuming that the property freeholder has taken out buildings insurance is risky, so it’s important to check all the documents relating to your lease before or soon after you move in. It can be a good idea to ask a solicitor to find this information for you, especially if you’re confused by the terms of your lease.
If your freeholder hasn’t taken out buildings insurance, or it isn’t clear whether they have or not, you can contact them to ask. You should be able to find out your freeholder’s contact details in the paperwork from when you bought your home. However, the freeholder isn’t always obligated to take out buildings insurance, in which case you’ll have to take out a policy yourself.
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we have always took out our own buildings insurance0
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OK - so does the Lease stipulate that you are responsible for the buildings insurance?🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
yes it does0
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