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

  • We have seen a house we quite like. On the left hand side of the house is a little driveway which appears to be on the property of the house, but gives access at the end of it to both the house's garden and the neighbouring house. Over the alley is the home office of the house we are interested in, not the neighbor's house. Is this considered a flying freehold? Does a flying freehold make it harder to sell or more expensive to insure?

  • Roughly what % is the maximum a property can have flying freehold for a mortgage company to lend? various articles on the internet indicate some mortgage lenders will lend when a flying freehold is less than a certain %, but if "our" house is fully above a neighbor's cellar, I'm worried that the flying freehold percentagemay be too high.

  • My husband and I have recently agree to an offer on our house in West Bromwich and I am getting concerned about the survey, having heard horror stories of lenders rejecting anything out of the ordinary. The house is grade II listed. We have a flying freehold. Next door's landing area is above our accessway. It's about a metre wide. They have no right of way down the entrance way. Is this likely to affect the mortgageability of the property?

  • My partner and I had an offer accepted on a three bedroom house in March. It has taken months to get our mortgage offer and now our conveyancer is saying that Aldermore may not lend due to a small flying freehold on the house. Basically a small part of the dressing room encroaches above a shared passageway between us and the neighbors. Do you know of any lenders that will lend on a flying freehold ?

  • We are hoping to purchase an old house ( built about 1890 ) and the lawyer has just raised something he called a flying freehold. They say that it's not a major issue and that we should put in place title insurance to protect us if anything goes wrong, but I've never come across this before. I'm a first time buyer and I'm not sure what I should be aware of when buying that kind of property?

  • I've recently discovered that there is a flying freehold element in a property I put an offer in on a few months back in what was supposed to be a chain free transaction. I feel that I have been duped by the estate agent as she must have suspected given her experience. 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?

  • I am thinking about acquiring a house which needs restoration. I want to do it up and resell, but the property has a flying freehold as one bedroom is on to of the the neighbours’ dining area Am I likely to to experience a problem selling this house - the last thing I want is to purchase, restore and then discover that I have an unmarketable property.

  • Three we had a home buyers survey when we purchased our house. Shortly after we got keys we became aware that there was a room underneath our kitchen owned by the next door property. The only access is 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 house and the buyer's solicitor spotted the room regarding this flying freehold as a defect to the extent that the sale aborted 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?

  • 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: 5/4/2019

See Also: Flying Freehold Conveyancing Specialists