The E17 Warner Residents' Association is holding a meeting over joint freehold purchasing for all residents hoping to bring down insurance costs

E17 Warner Residents' Association to hold meeting on July 30 at Priory Court Community Centre

E17 Warner Residents' Association to hold meeting on July 30 at Priory Court Community Centre

First published in News
Last updated
East London and West Essex Guardian Series: Photograph of the Author by , Reporter

A meeting has been organised for residents of Warner properties in Waltham Forest to help people to understand how to buy the freehold on their home.

Two years ago the E17 Warner Residents’ Association was set up to try to tackle the high cost of buildings insurance in Warner flats.

Because of the nature of the builds, a freehold must be purchased jointly between all flats.

The cost will depend on the length of each lease but if either has been extended, this counts towards the cost.

Group chairperson Gerri Ellis said: “Under current leasehold law, the freeholder is usually responsible for insuring the premises and can pass the cost onto the leaseholder. But they don’t have to show value for money.

“We think the law is in need of reform but that won’t happen quickly.

“Meanwhile some residents have begun the process of buying their freehold and others want to find out more.

“We think this is the best solution for residents who don't wish to buy overpriced insurance.”

Leasehold Solutions will answer questions at the meeting on July 30 at Priory Court Community Centre.

The meeting begins at 7.15pm.

Comments (12)

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5:26pm Wed 16 Jul 14

Villagecranberry says...

They can't have it all ways.

Property prices have rocketed, so premiums must rise to cover rebuilding costs.
They can't have it all ways. Property prices have rocketed, so premiums must rise to cover rebuilding costs. Villagecranberry
  • Score: -9

6:20pm Wed 16 Jul 14

Spoons1972 says...

Villagecranberry wrote:
They can't have it all ways.

Property prices have rocketed, so premiums must rise to cover rebuilding costs.
If only you knew what you were talking about you might be worth listening to.
[quote][p][bold]Villagecranberry[/bold] wrote: They can't have it all ways. Property prices have rocketed, so premiums must rise to cover rebuilding costs.[/p][/quote]If only you knew what you were talking about you might be worth listening to. Spoons1972
  • Score: 10

6:45pm Wed 16 Jul 14

Villagecranberry says...

Spoons1972 wrote:
Villagecranberry wrote:
They can't have it all ways.

Property prices have rocketed, so premiums must rise to cover rebuilding costs.
If only you knew what you were talking about you might be worth listening to.
My family live in three Warner flats, so I do.
[quote][p][bold]Spoons1972[/bold] wrote: [quote][p][bold]Villagecranberry[/bold] wrote: They can't have it all ways. Property prices have rocketed, so premiums must rise to cover rebuilding costs.[/p][/quote]If only you knew what you were talking about you might be worth listening to.[/p][/quote]My family live in three Warner flats, so I do. Villagecranberry
  • Score: -8

6:47pm Wed 16 Jul 14

Spoons1972 says...

So you understand then, that this is nothing to do with property values but terrorism insurance and transparency. Seems odd that you chose to bang on about property prices.
So you understand then, that this is nothing to do with property values but terrorism insurance and transparency. Seems odd that you chose to bang on about property prices. Spoons1972
  • Score: 8

7:08pm Wed 16 Jul 14

Villagecranberry says...

Spoons1972 wrote:
So you understand then, that this is nothing to do with property values but terrorism insurance and transparency. Seems odd that you chose to bang on about property prices.
Adequate provision must be made to cover eventualities and the same people bleating about payments will the first ones pointing the fingers accusing those charged with insurance cover obligations for 'negligence'.
[quote][p][bold]Spoons1972[/bold] wrote: So you understand then, that this is nothing to do with property values but terrorism insurance and transparency. Seems odd that you chose to bang on about property prices.[/p][/quote]Adequate provision must be made to cover eventualities and the same people bleating about payments will the first ones pointing the fingers accusing those charged with insurance cover obligations for 'negligence'. Villagecranberry
  • Score: -6

7:18pm Wed 16 Jul 14

stickmanny says...

Cornbeefur doesn't understand anything.

If you have the cash this is a great idea. Maybe a group could reduce the solicitor's fees.

Beware if there is no loft conversion the top flat could be charged several thousand for the conversion potential. That can hurt.

English property law is a stitch up. Whos idea was it?
Cornbeefur doesn't understand anything. If you have the cash this is a great idea. Maybe a group could reduce the solicitor's fees. Beware if there is no loft conversion the top flat could be charged several thousand for the conversion potential. That can hurt. English property law is a stitch up. Whos idea was it? stickmanny
  • Score: 4

7:36pm Wed 16 Jul 14

Villagecranberry says...

stickmanny wrote:
Cornbeefur doesn't understand anything.

If you have the cash this is a great idea. Maybe a group could reduce the solicitor's fees.

Beware if there is no loft conversion the top flat could be charged several thousand for the conversion potential. That can hurt.

English property law is a stitch up. Whos idea was it?
Your waffle here reveals that you haven't a clue what you are talking about. Ha ha ha ha.
[quote][p][bold]stickmanny[/bold] wrote: Cornbeefur doesn't understand anything. If you have the cash this is a great idea. Maybe a group could reduce the solicitor's fees. Beware if there is no loft conversion the top flat could be charged several thousand for the conversion potential. That can hurt. English property law is a stitch up. Whos idea was it?[/p][/quote]Your waffle here reveals that you haven't a clue what you are talking about. Ha ha ha ha. Villagecranberry
  • Score: -6

8:41am Thu 17 Jul 14

Howard Wolowitz says...

Oh dear VC you have equated property prices with building costs. Fundamental flaw.
Oh dear VC you have equated property prices with building costs. Fundamental flaw. Howard Wolowitz
  • Score: 7

9:46am Thu 17 Jul 14

Villagecranberry says...

Howard Wolowitz wrote:
Oh dear VC you have equated property prices with building costs. Fundamental flaw.
One aspect, many more.
[quote][p][bold]Howard Wolowitz[/bold] wrote: Oh dear VC you have equated property prices with building costs. Fundamental flaw.[/p][/quote]One aspect, many more. Villagecranberry
  • Score: -8

9:52am Thu 17 Jul 14

shelly40 says...

Villagecranberry you really do not know what you are talking about.

My insurance is £102.00 per year my mums owned by a rip off leaseholder cost her just under £700.00 per year. We live down the same road in identical properties and the insurance covers the same with hers actually having a higher excess then mine.
Villagecranberry you really do not know what you are talking about. My insurance is £102.00 per year my mums owned by a rip off leaseholder cost her just under £700.00 per year. We live down the same road in identical properties and the insurance covers the same with hers actually having a higher excess then mine. shelly40
  • Score: 7

11:36am Thu 17 Jul 14

tjm01 says...

Once again Villagecranberry/Cor
nbeefer proving he either knows a lot about nothing or nothing about a lot

Toatal and complete PLANK
Once again Villagecranberry/Cor nbeefer proving he either knows a lot about nothing or nothing about a lot Toatal and complete PLANK tjm01
  • Score: 12

8:51pm Mon 21 Jul 14

Villagecranberry says...

tjm01 wrote:
Once again Villagecranberry/Cor

nbeefer proving he either knows a lot about nothing or nothing about a lot

Toatal and complete PLANK
Unlike you who knows nothing about Warner Estate Insurance, otherwise you would add some value to this thread.
[quote][p][bold]tjm01[/bold] wrote: Once again Villagecranberry/Cor nbeefer proving he either knows a lot about nothing or nothing about a lot Toatal and complete PLANK[/p][/quote]Unlike you who knows nothing about Warner Estate Insurance, otherwise you would add some value to this thread. Villagecranberry
  • Score: -2

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