Flying Freehold - Is your property marketable?

Chances are that if you have come to our site you are either a buyer wanting to find out more about what is a flying freehold is and whether you should proceed with buying such a property. Alternatively you own a flying freehold and are either having difficulty in remortgaging or selling your flying freehold property. In either situation, can help

Warning: Should I Buy a Flying Freehold?

Flying Freehold services for buyers.

Flying Freehold Marketability Assessment
Even if your proposed lender is prepared to lend on flying freehold it is important that you understand how the lending market as a whole regards flying freeholds and whether they are prepared to lend. For just £5.50 plus VAT the LENDERmonitor Flying Freehold Marketability Assessment will show you which lenders will lend of flying freehold based on their instructions to lawyers. The report will also show recent trends and well as historic trends over the last 6 years so that you can make a more informed decision.
Flying Freehold Live Chat Service
type in your question concerning flying freeholds and we will see if we can assist.
Flying Freehold - Conveyancing Panel Service
please click here and complete the details of your purchase or set out your question and we will pass it on to one of our specialist flying freehold panel lawyers to get in touch.
Warning: Should I have bought a flying freehold?

Flying Freehold services for existing owners.

Flying Freehold Retro Marketability Assessment
Do you feel as though your lawyer or surveyor should have given you clearer advice when you purchased your flying freehold? Were you given the full picture as to what the lending market generally regarded flying freehold at the time? As a cost of £25.00 plus VAT the LENDERmonitor Flying Freehold - Retro Marketability Assessment Report will reveal what lenders leant on flying freehold and what their criteria was to lawyers on a specific date. It will also reveal what the trend was in the previous year.
Flying Freehold Live Chat Service
type in your question concerning flying freeholds and we will see if we can assist.
Flying Freehold - Conveyancing Panel Service
Please click here and complete the details of your flying freehold or set out your question and we will pass it on to one of our specialist flying freehold panel lawyers to get in touch. For example, one of our panel lawyers can help you and your neighbours for the appropriate deeds to be entered into.

FAQs concerning flying freeholds

  • I am buying a property which is freehold it has 2 parking spaces below which I assume are leasehold to neighbours even though I would own the ground they stand on. My property lawyer has painted a bad picture and suggested that I find another house due to it being a flying freehold. Are we mad to even consider buying a flying freehold?

  • We are wondering how straight forward it is to sell a flying freehold given that some lenders refuse to accept such properties as adequate security.

  • My husband and I last week agree to an offer on our house in St Albans and I am getting concerned about the survey, having heard horror stories of lenders wanting certification for everything. The house dates back to the 1820’sVictorian period. We have a flying freehold. Upstairs we have two beds at the front and one at the rear, next door is the reverse. Therefore one of our bedrooms overhangs next door's hall, and one of theirs extends over our rear room. Is this likely to cause an issue?

  • My wife and I are intending to buy a house with a flying freehold and it sounds a bit out of the ordinary so we are after some opinions. The house is Victorian. It was partitioned into two semis seventy years ago. The position is: The neighbour has a loft area that is on top of of "our" first floor.

  • Mortgage process underway with The Royal Bank of Scotland, survey bookedfor next Tuesday. The worry I have is the houses are a row of eight. The terraced property I wish to acquire is one of the middle ones. In order to get to the garden one has to use the passageway. A proportion of the property encroaches above the ginnel. I think this is regarded as a flying freehold. Is this likely to be a problem with The Royal Bank of Scotland?

  • My partner and I had an offer accepted on a Georgian house in March. We have spent months trying to get our mortgage offer and now our property lawyer is saying that TSB may withdraw their offer due to the element of flying freehold on the property. Basically a tiny part of the bathroom is partly over a walkway between us and the neighbors. Do you know of any building societies that will lend on a flying freehold ?

  • My husband and I are intending to purchase an old house ( built about 1920 ) and the lawyer has just raised something known as a flying freehold. They say that it's not uncommon in older properties and that we should put in place title insurance to protect us if anything goes wrong, but I've never heard of such a thing in the past. I'm a first time buyer and I'm not sure what I should be aware of when buying that kind of property?

  • I have identified an ideal property in West Bromwich. I understand that the loft area of the house is owned by the adjoining owners who use it as a guest bedroom. Previously the two houses were owned by a single family, who split the residency. The flying freehold situation has put other buyers off - since the selling agents have not been up-front about this. My concern is that Barclays will balk at a property as having a flying freehold element, and that the buildings insurance situation could prove complex as well. Are you able offer any advice, other than ’run a mile”? Clearly this is not ideal but it is this issue that has brought the price down and within my price range.

  • Can you please advise on the difficulty in obtaining a mortgage on a property in a situation where there is a flying freehold. I am interested in purchasing a property where a proportion of the property goes over the ginnel. I think this is regarded as a flying freehold.Is this going to limit the choice of mortgage lender? I am particularly attracted to a mortgage product offered by Nottingham Building Society

  • We have found the perfect house. It is far better than others we have seen. The potential showstopper is it has what we think is a very bizarre 'flying freehold' situation. The house has two integral garages, one of which has at some point been sold off to someone who lives up the road. This effectively means that one of the bedrooms is over the garage which is not our property. Clearly rationalising the floor layout so that the party wall runs straight up through the building is not possible. What are our options?

Last Update: 13/8/2017

See Also: Flying Freehold Conveyancing Specialists