I am in process of trying to purchase a flat in an Edwardian house with a crack in the side wall. The valuation by my mortgage provider said no signs of movement, subsidence etc. my building surveyor thought the crack a sign of movement but couldn't be sure.
Once purchased the freehold will transfer over to me and the buyer of the other flat. Is there likely to be a problem transferring the existing insurance policy over to us? Will we have to re-apply for a new policy? If so is it likely to be very difficult or costly to get insurance?
Is there anything else I should be aware of here?