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Buildings insurance on an ex-local authority flat?
tonyade
Posts: 23 Forumite
Hello guys. First-time buyer here.
Am in the process of buying an ex-local authority flat. My solicitor has told me the freeholder (Lewisham Council) is responsible for insuring the building. However, I am required to obtain my own buildings and contents insurance for the flat. It must be index-linked (whatever that is) and my mortgage lender must be named as a joint insured party. Is this normal? The being responsible for buildings insurance bit, that is. Everyone I've spoken to says it isn't.
Thanks in advance.
Am in the process of buying an ex-local authority flat. My solicitor has told me the freeholder (Lewisham Council) is responsible for insuring the building. However, I am required to obtain my own buildings and contents insurance for the flat. It must be index-linked (whatever that is) and my mortgage lender must be named as a joint insured party. Is this normal? The being responsible for buildings insurance bit, that is. Everyone I've spoken to says it isn't.
Thanks in advance.
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