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 a property investor and just looked at a house in Ware that has a flying freehold, one room above accessway. It's an ideal investment at a good price but my concern is whether there is any serious impact for me as a buyer

  • I am interested in a property above a bookie and it has two floors above, both of which are apartments. I am wanting to transfer my mortgage to this but have been told that some mortgage companies will not lend on flying freeholds. Why would lenders stigmatise such properties?

  • Mortgage process underway with Yorkshire Building Society, survey arrangedfor next Monday. The concern I have is the houses are a row of five. The terraced property I wish to purchase is one of the middle ones. In order to get to the garden one has to use the passageway. A proportion of the property is on top of the accessway. I think this is know as a flying freehold. Is this likely to be a problem for Yorkshire Building Society?

  • My wife and I had an price agreed on a Georgian townhouse in July. We have spent months trying to get our mortgage offer and now our property lawyer is saying that Santander may not lend due to the element of flying freehold on the house. In summary a small part of the bathroom overhangs a passageway between us and the neighbors. Do you know of any banks that will lend on a flying freehold ?

  • My partner and I are planning to buy an old house ( built circa 1860 ) and the property lawyer has just raised something known as a flying freehold. The conveyancing practitioner has sought to reassure us that it's not uncommon in older properties and that we should put in place title insurance to protect us if anything went wrong, but I've never heard of such a thing in the past. I do trust our conveyancer, I just have no experience and wanted to know what possible pitfalls etc there may be, and how to avoid them. Needing to make an informed choice?

  • Today I discovered that there is a flying freehold element in a house I put an offer in nineweeks ago in what was supposed to be a quick transaction. I feel that I have been duped by the estate agent as she must have suspected it as a professional. Would I have any right of action by way of Consumer Protection from Unfair Trading Regulations 2008 (CPR) and the Business Protection from Misleading Marketing Regulations 2008?

  • Can you please comment on the difficulty in obtaining a mortgage on a property in a situation where there is a flying freehold. I am interested in acquiring a property where part of the property juts over the accessway. I think this is regarded as a flying freehold.Will this restrict my options to choose a lender? I am keen to get a mortgage with Barclays Direct

  • My partner and I have identified the house of our dreams. It is far better than others we have seen. The concern is it has what we think is a very unusual '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. Can we buy a flying freehold indemnity policy to cover whatever it is that needs covering in this scenario?

  • Five years ago we had a home buyers survey when we bought our house. Shortly after we got keys we became aware that there was a area underneath our kitchen owned by the next door property. It is accessed via our neighbour's garden and they use it as a store room. The survey never made mention of this room. We are now selling the property and the buyer's conveyancer spotted the room categorising this flying freehold as a defect to the extent that the sale collapsed buyers pulled out. This was the first time the reference to a 'flying freehold' was ever raised. Is it conceivable that I could claim compensation from the surveyor?

  • My wife and I are at the early stage of considering a loft conversion to our Victorian mid-terraced house. We have a flying freehold where our bathroom juts overnextdoors bedroom. As I have full access to the attic above nextdoors’ bedroom, does that mean that I am entitled to develop the roof space? Next door has no access to this part of the roof space.

Last Update: 15/5/2017

See Also: Flying Freehold Conveyancing Specialists