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

  • We have been waiting nearly almost a month for my lender to make a decision even though a defective title policy for a flying freehold is in place. Why the delay?

  • Approximately what ratio is the maximum a property can have flying freehold for a lender to lend? I have read that some mortgage lenders will lend when a flying freehold is less than a certain %, but if "our" house is completely above a neighbor's cellar, I'm concerned that the flying freehold %may be unacceptable.

  • My wife and I are planning to purchase a house with a flying freehold and it sounds a bit out of the ordinary so we are after some opinions. The house is Georgian. It was divided into two semis fifty years ago. The situation is: The basement running underneath both properties belongs to next door.

  • My partner has been attempting to remortgage our property and everything appeared to be in order until the surveyor came round, he was on notice that our house was part of a flying freehold but freaked out and regards the house unmortgageable. We are in the process of applying to an alternative mortgage company, however our property lawyer and mortgage adviser are completely baffled as to what the problem is.

  • We are are hoping to sell our town house. Our buyer's conveyancer has raised an issue with our conveyancer, insisting that we pay £200 for an indemnity insurance policy to cover the fact that our house has a 'flying freehold'. The purchaser's conveyancing practitioner posits that the wording in the property register doesn't stipulate who is liable for maintenance and repair of the part of the first floor building encroaching our home. If I provide you with pictures can you please clarify how this is a flying freehold?

  • My partner and I had an offer accepted on a Edwardian house in July. It has taken months to get our mortgage offer and now our conveyancer is saying that Britannia may withdraw their offer due to a small flying freehold on the house. In summary a small part of the office room overhangs a walkway between us and next door. Do you know of any lenders that will lend on a flying freehold ?

  • I have identified a lovely house in Halifax. I have discovered that the attic of the house is owned by the next door neighbours who use it as a home office. In the past the two houses were owned by a single family, who split the residency. The flying freehold situation has put other buyers off - since the Estate Agents have not been up-front about this. My concern is that Accord Mortgages Ltd will balk at a property as having a flying freehold element, and that the buildings insurance situation could be difficult as well. Are you able offer any advice, other than don't go near it”? Clearly this is not ideal but it is this issue that has brought the price down and within my price bracket.

  • I am thinking about buying a property which needs restoration. I want to carry out works and resell, but the property has a flying freehold as one bedroom overhangs the the neighbours’ bathroom Am I likely to to experience a problem selling this property - the last thing I want is to purchase, refurbish and then discover that I have an unmarketable property.

  • 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: 2/10/2019

See Also: Flying Freehold Conveyancing Specialists