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.

Recently asked questions about Flying Freeholds .

  • I am an experienced developer and just looked at a property in Trelogan that is arranged with a flying freehold, one bedroom overhanging a car park access. It's an ideal investment at a good price I'm just trying to anticipate any hold-ups or problems that may come along when I come to sell.

  • I have seen a property that is above a restaurant and it has two floors above, both of which are apartments. I am wanting to move my mortgage to this but have been told that some banks will not lend on flying freeholds. Should I be concerned?

  • I am buying a property which is freehold it has two parking spaces underneath which I assume are leasehold to neighbours even though I would own the land they stand on. My conveyancer has painted a bad picture and suggested that I find another house because of a flying freehold. Is it true that only a few lenders will lend on Flying Freehold?

  • We have recently accepted an offer on our house in Thorne and I am getting concerned about the survey, having heard horror stories of lenders wanting certification for everything. The house was built in the 1920’s. There is a flying freehold arrangement. Next door's play room encroaches over our driveway. It's about a metre wide. No right of way exists down the entrance way. Is this likely to devalue the property?

  • Mortgage forms in with Yorkshire Building Society, valuation bookedfor next week. The concern I have is the houses are a row of six. The house I wish to purchase is one of the center ones. In order to get to the garden one has to use the walkway. A proportion of the property is on top of the passageway. I think this is termed as a flying freehold. Is this likely to cause a problem to Yorkshire Building Society?

  • My wife and I are selling our end-terraced house. Our purchaser’s lawyer has raised an issue with our lawyer, saying that they want us to meet the cost of £350 for a defective title insurance policy to cover the fact that our house has a 'flying freehold'. The buyer's conveyancer posits that the wording in the property register doesn't specify who is liable for support and repair of the part of the first floor building encroaching our boundary. If I supply you with pictures can you please clarify how this is a flying freehold?

  • I have identified a lovely house in St Albans. I have been told that the attic of the house I belongs to the adjoining owners who use it as a dressing room. Previously the two houses were owned by a single family, who split the property. The flying freehold situation has put other buyers off - since the selling agents weren't up-front about this. My concern is that Barnsley Building Society will balk at a property as having a flying freehold element, and that the buildings insurance situation could prove complex as well. Can you offer any advice, other than ”do not touch with a bargepole”? The house is ideal, and I'd never be able to afford it ordinarily but it is the flying freehold that has brought the price down and within my price range.

  • Are you able to advise on the relative ease of obtaining a mortgage on a property in a situation where there is a flying freehold. I am interested in buying a property where a section of the property juts over the ginnel. I believe this is a flying freehold.Is this going to restrict my options to choose a lender? I am particularly attracted to a mortgage product available from Leeds Building Society

  • My husband and I have identified the perfect house. It is far better than anything else we have seen. The problem is it has what we think is a very bizarre 'flying freehold' arrangement. 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?

  • Will I find it difficult obtaining building insurance on a house that has a flying freehold element to it - in this case it’s a balcony which extends over a neighbouring property?

Last Update: 3/8/2019

See Also: Flying Freehold Conveyancing Specialists