Property News · July 28, 2018

‘I got a £50,000 bill for a flood – but I didn’t own the house’


Buyers must insure their home at the point of exchange rather than completion, as one couple found out to their costA Brighton family who were buying a home that was flooded by a major leak just before they completed the purchase are warning others to make sure they buy insurance on exchange, after they were in effect forced to buy a home that had been wrecked.James and Daisy Callahan, who have a two-year-old child, are facing a £50,000 bill for repairs and to cover the rent of a replacement home for six months. Continue reading…

Source : theguardian.com
Read more…‘I got a £50,000 bill for a flood – but I didn’t own the house’

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