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Research by the Ringley Group reveals that the 5 top four fears are; illegal alterations by neighbours, having no reserve fund for big repair bills, neighbours avoiding payments, paperwork and bad insurance.
The results of the survey suggest that flat owners do not feel in control when it comes to dealing with neighbours, big bills and legalities. When asked, flat owners admitted they wouldn’t know how to deal with neighbours who ignore the lease by carrying out illegal alterations and avoiding payments. Flat owners also admitted big repairs like a leaking roof have been ignored because of the lack of reserve fund and cooperation from everyone in the block.
Mary Anne Bowring, creator of Leaseholder Support.co.uk comments;
"Incompetent or absentee freeholders have driven a new generation of leaseholders to claim their right to self manage. With most Greater London managing agents having a minimum fee scale ranging from £1,750 to £2,250 this hits leaseholders in small blocks hard especially as according to ARMA (the Association of Residential Managing Agents), as many as 2/5ths of all blocks self manage."
The solution is here
Residents Insurance Services has teamed up with chartered surveyors, The Ringley Group, to provide their customers with extra cover. Insured flat owners will receive cover on bad debts as well as benefiting from block management tools.
The flatsinsured.co.uk 3 point guarantee is
- 24 hour service on claims
- 100% of service charge debts collected or in Court within 3 months
- 24 hours access to your online property manager
The joint offering is www.flatsinsured.co.uk. Quite simply Residents Insurance Services customers get FREE access to The Ringley Group's online product Leaseholder Support.co.uk Block Care 100.
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Neighbour avoiding payment? |
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It was all going OK, until John and Mary splitup. Mary's gone, can't find John, someone's got to fill the hole.
Our policy includes:
- No win No fee litigation on service charge arrears, ANY FLAT within your block!
- Upgrade to Block Care 200 or 500 to get a credit control strategy, demands, reminders & much more!
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Big bill around the corner? |
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Worried what to do about big repairs. Can't get others on board to collect until its too late?
Our policy includes:
- A step by step guide to get started
- Newsletters to download to get others on board
- A reserves calculator, type in how many windows, floors – we estimate the likely cost
- Factsheets on key issues such as underpinning, replacing windows
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Fed up with paperwork? |
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Too many legal formalities? Losing your private time? Why you? Too late?
Our policy includes:
- Step by step guides on company secretarial issues
- Resolutions pre-drafted in notices of meeting 130+ factsheets, legislation & what to do
- Upgrade to Block Care 200 or 500 & let Leaseholder Support.co.uk do it
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Illegal alterations |
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What do you do when somebody takes matters into their own hands and ignores the lease?
Our policy includes:
- On-line checklist to discover whether consent is required
- Pre-project planning advice sheets written by our Engineers, loft conversions, extensions...
- 130+ factsheets, legislation & what to do
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Discriminated against |
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Just because you can't afford to pay your insurance premium in 1 lump?
Our policy includes:
- Pay by installments for no extra charge
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