caferacer59 Â Â 10 #1 Posted September 21, 2017 Buying my first house...never had home insurance before, I just want a basic, one against fire...can i buy that, who do folks use, is it a easy process..i know nothing!! Share this post Link to post Share on other sites Share this content via...
Danny_Boy   10 #2 Posted September 21, 2017 You can't really get a specific policy that only covers fire. Are you going to be a homeowner with a mortgage or tenant? Is the property a flat or a house? Share this post Link to post Share on other sites Share this content via...
Naz_India   10 #3 Posted September 22, 2017 If you are having a mortgage, it's probably a policy regulation from your mortgage company/bank to have buildings insurance.  You should be able to get one within a decent range of £50-£150.  Most comparison websites will give you quotes on buildings insurance. Share this post Link to post Share on other sites Share this content via...
Jeffrey Shaw   83 #4 Posted September 25, 2017 Anyone- whether a cash buyer of financing by borrowing a mortgage advance- should of course insure. BUT: a. the rules are different if it's a flat; and b. if it's a leasehold house, have your solicitor check the lease in case choice of insurance is restricted. Share this post Link to post Share on other sites Share this content via...
caferacer59 Â Â 10 #5 Posted September 25, 2017 Thx for the replies, Jeff, its a leasehold house, as many are in Sheffield, a quirk of this city, you may know why, something to do wit hold landowners...i think AA is OK...about 250 Share this post Link to post Share on other sites Share this content via...
Jeffrey Shaw   83 #6 Posted September 25, 2017 Thx for the replies, Jeff, its a leasehold house, as many are in Sheffield, a quirk of this city, you may know why, something to do wit hold landowners...i think AA is OK...about 250 But what counts is whether and how the lease covenants limit your choice of insurer. Example: Coppen will never allow house insurance other than via its own agency with Royal & Sun Alliance at Huddersfield [used to be at Glasgow]. Failure to comply lands a leaseholder with a £45 per year penalty. Share this post Link to post Share on other sites Share this content via...
caferacer59 Â Â 10 #7 Posted September 25, 2017 "Failure to comply"!!! what rubbish its just a forced admin charge, words like "comply" sound not be thrown around, besides The Commonhold And Leasehold Reform Act 2002 will means landowners cannot have a say in which building insurance company a householder uses, provided it is with a reputable company and notice of the details is given to the ground landlord Share this post Link to post Share on other sites Share this content via...
Jeffrey Shaw   83 #8 Posted September 27, 2017 The Commonhold And Leasehold Reform Act 2002 will means landowners cannot have a say in which building insurance company a householder uses, provided it is with a reputable company and notice of the details is given to the ground landlord Yes. By serving a Notice every year complying with s.164, the leaseholder can escape the insurance covenant and any consent/waiver fee. Share this post Link to post Share on other sites Share this content via...
caferacer59 Â Â 10 #9 Posted September 27, 2017 Yeah seems a simple form, and absolves the leaseholder from being bound by any such free/landowner covenents...but, who knows , im hearing some horror stories Share this post Link to post Share on other sites Share this content via...