ive seen a flat which i want to buy but theres no management compnay how do i obtain a mortgage and whats the best way to appoint a mangement company if i get it?
thanks guys
thanks guys
-
Property Goal
Reaching Investments Far Beyond Expectations.
Properties, Currency Transfers, Legal, Finance.
(44) 0161 711 4859 -
Well, someone must own freehold reversion. If no mgt co, start with f/r's identity.Originally posted by invest View Post
You yourself cannot alone appoint mgt agent, even once you purchase leasehold, but collective lessees could exercise "right to manage".JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
4. *- Contact info: click on my name (blue-highlight link). -
great, i'll see to a f/a about proceeding with a mortgageProperty Goal
Reaching Investments Far Beyond Expectations.
Properties, Currency Transfers, Legal, Finance.
(44) 0161 711 4859Comment
-
...and, if f/r and/or mgt co still missing, your solicitor can arrange indemnity insurance on your behalf. Its cost depends on purchase price-Originally posted by invest View Post
i. absentee L cover is from £75 (pp up to £100 000) to £350 (pp from £750 000 to £1m); and
ii. block lack-of-mgt cover is from £165 (pp up to £60 000) to £800 (pp from £750 000 to £1m).JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
4. *- Contact info: click on my name (blue-highlight link).Comment
Comment