stuart. Posted August 5, 2014 Share Posted August 5, 2014 Hello Our factor has recently told us they don't want to factor us anymore as loads of people in the building haven't been paying the fees. Can they do that with only 1 months' notice. Also, does anyone know of anyone who will insure us as just a single flat in a block? Do you understand? Link to comment Share on other sites More sharing options...
mizfit Posted August 5, 2014 Share Posted August 5, 2014 Try brokers, they'll get you something sorted, very few insurance companies will ensure a full block of flats Link to comment Share on other sites More sharing options...
stuart. Posted August 5, 2014 Author Share Posted August 5, 2014 Yeah, an angry phone call to the old factor was going to end with me asking them for advice, next port of call will be a broker I reckon, do you think we will get something ok. Link to comment Share on other sites More sharing options...
mizfit Posted August 5, 2014 Share Posted August 5, 2014 Probably shouldn't be an issue, brokers will do anything for money Link to comment Share on other sites More sharing options...
~~~ Posted August 5, 2014 Share Posted August 5, 2014 Hello Our factor has recently told us they don't want to factor us anymore as loads of people in the building haven't been paying the fees. Can they do that with only 1 months' notice. Also, does anyone know of anyone who will insure us as just a single flat in a block? Do you understand? Yes also, check your title deeds you may have to get a block policy. Link to comment Share on other sites More sharing options...
Honest Saints Fan Posted August 5, 2014 Share Posted August 5, 2014 Oi! no we don't! Definitely phone a broker and see what they say. Link to comment Share on other sites More sharing options...
stuart. Posted August 5, 2014 Author Share Posted August 5, 2014 Thanks all, the title deeds make no mention of a block policy. Probably the same people not paying it that leave mattresses down at the bins. I take it the factors are ok to ditch us, yeah? Thanks for help everyone by the way. Link to comment Share on other sites More sharing options...
mizfit Posted August 5, 2014 Share Posted August 5, 2014 Oi! no we don't! Definitely phone a broker and see what they say. Fine, not all of you, Link to comment Share on other sites More sharing options...
stuart. Posted August 5, 2014 Author Share Posted August 5, 2014 Are you a broker hsf? I'm just checking we aren't asking for anything out the ordinary! Link to comment Share on other sites More sharing options...
Honest Saints Fan Posted August 5, 2014 Share Posted August 5, 2014 Yeah I work for one. Not out of the ordinary at all. Some insurers can be a bit wary about the fact other folk in the block might not be insuring their part of the building, especially for things like subsistence, storm etc but a broker is definitely a better place to go for a more unusual risk. Link to comment Share on other sites More sharing options...
mizfit Posted August 5, 2014 Share Posted August 5, 2014 Who I work for would have only insured your section of the building, which means you'd need to supply rebuild costs etc for us to even look into covering it, as HSF says an unusual risk or a high risk does need to be dealt with by brokers Link to comment Share on other sites More sharing options...
Honest Saints Fan Posted August 5, 2014 Share Posted August 5, 2014 Also, outside insurance you have to think about general maintenance of the block and how that will be organised and paid for. Link to comment Share on other sites More sharing options...
Hillonearth Posted August 5, 2014 Share Posted August 5, 2014 It's unfortunately the way things are going as a higher proportion of flats go rental - neither the landlords or (often short-term) tenants bother paying for upkeep. I used to live in a flat in a converted school in the West End, and when I moved in it was maybe 80-20 owner-occupiers/rentals. Over the years it slipped to about 40-60, and it became harder and harder to get any maintenance done, never mind improvements. Even basic upkeep stuff was a struggle, with the landlords just seeing the flats as cash cows and the tenants not giving a shit because they were going to be there a couple of years tops. Link to comment Share on other sites More sharing options...
stuart. Posted August 5, 2014 Author Share Posted August 5, 2014 It appears we all do need the same insurance, this will be a b*****d to organise, thanks everyone. Link to comment Share on other sites More sharing options...
Rugster Posted August 8, 2014 Share Posted August 8, 2014 Factors are b*****ds. Link to comment Share on other sites More sharing options...
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