Buildings insurance for non uk resident purchaser
Working and living overseas for a considerable number of years, I should now like to purchase a leasehold flat. I have spoken to various insurance brokers and it seems that insurance companies do not take on non-UK residents. Can somebody please explain to me how this works as I should imagine the buildings insurance is included in the Service charge? I do not have a UK bank account or credit cards for the same reason although I do have my name on another property in the UK which is at pesent held in trust. I share the ownership with one other who is a UK resident. Can somebody please explain to me if this insurance can be validated by the ownership of the other property being shared with a UK resident? Thank you.
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