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 off licence and it has two floors above, both of which are apartments. I am wanting to port my mortgage to this but have been advised that some lenders don't like flying freeholds. Why would lenders stigmatise such properties?

  • My wife and I have been waiting over a month for my building society to make a decision even though a defective title insurance for a flying freehold is in place. Why the delay?

  • I am purchasing a property which is freehold it has 2 parking spaces beneath which I assume are leasehold to neighbours even though I would own the ground they stand on. My conveyancing practitioner is dissuading my purchase due to it being a flying freehold. Is he right?

  • My partner and I are wondering if it is simple to sell a flying freehold given that some lenders refuse to accept such properties as adequate security.

  • Roughly what percentage is the maximum a property can have flying freehold for a bank to lend? various articles on the internet indicate some mortgage lenders will lend when a flying freehold is less than a certain ratio, but if "our" house is completely over a neighbor's cellar, I'm worried that the flying freehold ratiomay be unacceptable.

  • We are intending to purchase a house with a flying freehold and it sounds a bit out of the ordinary so we are after some advice. The house is Victorian. It was divided into two semis sixty years ago. The position is: The kid’s room is on top of their dining room.

  • My wife has been trying to remortgage our house and everything appeared to be without a hitch until the surveyor turned up, he was on notice that our property has a flying freehold element but freaked out and has now deemed the property blighted. Determined to move forward we are in the process of applying to a different bank, however our property lawyer and mortgage adviser are absolutely baffled as to what the problem is.

  • Found an ideal house in Roade. I understand that the loft area of the house I belongs to the adjoining owners who use it as a home office. Originally the two houses were owned by one family, who split the residency. The flying freehold situation has put many people off - since the selling agents have not been up-front about this. My concern is that Norwich and Peterborough Building Society will balk at a property as having a flying freehold element, and that the buildings insurance situation could prove difficult as well. Are you able offer any advice, other than ”do not touch with a bargepole”? The house is perfect, 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.

  • We have discovered the house of our dreams. It is far better than anything else we have seen. The concern is it has what we think is a very unusual '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?

  • My question concerns the loft space and who owns it, the property is a 1875 mid-terraced until recently having no division in the loft area. For my neighbours part he has a front bedroom overhanging my home office, and I loose the corresponding amount bedroom space. In the loft area he has built a block work wall along the line of the party wall, and then to follow the line above his flying freehold converted the roof space and added velux windows. There was mention of flying freehold on the estate agents particulars when I purchased it in 2010. Is my neighbour right to claim that part of the roof space as his own?

Last Update: 9/2/2018

See Also: Flying Freehold Conveyancing Specialists