Buying flat but no mgt. company- advice please

[jeffrey]

great, i'll see to a f/a about proceeding with a mortgage

...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-

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).

[invest]

great, i'll see to a f/a about proceeding with a mortgage

[jeffrey]

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

Well, someone must own freehold reversion. If no mgt co, start with f/r's identity.

You yourself cannot alone appoint mgt agent, even once you purchase leasehold, but collective lessees could exercise "right to manage".

[invest]

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