It is a house just owned by myself, I currently let it out.
The approximate value of the property is £168,000
I currently pay a peppercorn lease of £15/year. The lease has about 950 years left on it.
Hi Jo, The company i lease from dictate to me which insurance provider i have to cover my property under. Therefore it is not as competitive as i would like it to be. I am therefore considering whether it may be cheaper for me to just purchase the freehold to give me more flexibility. Thanks, Simon
Just one quick question,
If I contact my landlord, can I simply ask them to allow me insure with whoever I choose, or is this something which requires a change of lease conditions in order to for me to do so? Therefore associated with a legal cost.
i.e. if they provide me with a letter saying I can insure with anyone I choose (as long as I provide evidence I am insured) can I get this agreement even if the lease does not originally suggest this arrangement?