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’m a developer and just looked at a house in West Bromwich that it is part of a flying freehold, one room overhanging a driveway. It's an ideal investment at a good price but my concern is whether there is any serious consequences for me as a buyer

  • I am interested in a property above a restaurant and it has two floors above, both of which are apartments. I am wanting to port my mortgage to this but have been warned that some mortgage companies don't like flying freeholds. Should I be concerned?

  • I am buying a property which is freehold it has additional parking spaces beneath which I assume are leasehold to neighbours even though I would own the land they stand on. My solicitor is dissuading my purchase due to it being a flying freehold. Does a flying freehold make it harder to sell or more expensive to insure?

  • Approximately what threshold is the maximum a property can have flying freehold for a bank to lend? various articles on the internet indicate some banks will lend when a flying freehold is less than a certain percentage, but if "our" house is completely over a neighbor's cellar, I'm concerned that the flying freehold proportionmay be too high.

  • My partner has been attempting to refinance our house and everything seemed to be in order until the surveyor turned up, he was on notice that our house has a flying freehold element but seemed absolutely horrified and has now deemed our property significantly devalued. We are in the process of applying to an alternative bank, however our property lawyer and mortgage adviser are absolutely perplexed as to what the issue is.

  • My fiance and I had an price agreed on a Edwardian house in February. We have spent months trying to get our mortgage offer and now our lawyer is saying that Bank of Ireland may not lend due to a small flying freehold on the property. In summary a tiny part of the bathroom goes over a walkway between us and the neighbors. Do you know of any lenders that will lend on a flying freehold ?

  • Today I discovered that there is a flying freehold element in a house I put an offer in two months ago in what was supposed to be a no chain 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?

  • My partner and I are considering buying a house in need of renovation. I want to carry out works and resell, but the property has a flying freehold as one bedroom overreaches the the neighbours’ dining area Am I likely to to experience a nightmare selling this house - I don't want to purchase, restore and then discover that I have an unmarketable property.

  • Back in 2009 we had a full structural survey when we bought our house. Shortly after we moved in we became aware that there was a room underneath our kitchen owned by our neighbour. It is accessed via our neighbour's garden and they use it as a store room. I looked at my survey and it is not mentioned. We are now selling the property and the buyer's conveyancer spotted the room regarding this flying freehold as a defect to the extent that the sale aborted buyers withdrew. Up until now I didn't even know what a flying freehold was. Is it conceivable that I could claim compensation from the surveyor?

  • Who owns the roof space on top of a flying freehold? The previous owner of our Edwardian house apparently put in a stud wall in 2008 in the attic. The flying freehold is the dressing room in our house which projects over next door's hallway. We have started converting our loft but our neighbor is now claiming the loft must follow the ground floor and be divided equally? However she never mentioned any of this when we first moved in and told her we were planning to convert the loft at some point. Furthermore she has no access to this part of the loft area

Last Update: 10/4/2018

See Also: Flying Freehold Conveyancing Specialists