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.

Examples of typical questions relating to flying freehold

  • I’m a property investor and interested in a house in Birmingham that it is part of a flying freehold, a bedroom overhanging a driveway. It's a good property at an attractive price but my concern is whether there is any serious impact for me as a buyer

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

  • Approximately what % is the maximum a property can have flying freehold for a bank to lend? I have read that some banks will lend when a flying freehold is less than a certain percentage, but if "our" house is fully over a neighbor's cellar, I'm concerned that the flying freehold %may be too high.

  • My husband and I have recently agree to an offer on our house in Hendon and I am getting concerned about the survey, having heard horror stories of lenders wanting certification for everything. 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. No right of way exists down the accessway. Is this likely to devalue the property?

  • My wife and I are hoping to purchase a house with a flying freehold and it sounds a bit unusual so we are after some advice. The house is Edwardian. It was partitioned into two semis seventy years ago. The situation is: The neighbour has a roof space that is on top of of "our" first floor.

  • My partner has been attempting to remortgage our house and everything seemed to be fine up until the valuer came round, he was on notice that our property is affected by a flying freehold but freaked out and considers our property significantly devalued. We are in the process of applying to an alternative lender, yet our conveyancer and mortgage adviser are absolutely bemused as to what the difficulty is.

  • We are selling our town house. Our buyer's conveyancer has raised an issue with our conveyancing practitioner, saying that they want us to meet the cost of £350 for a defective title insurance policy to cover the fact that our property has a 'flying freehold'. The buyer's conveyancer asserts that the wording in the property register doesn't specify who is responsible for support and repair of the part of the first floor building overhanging our home. If I send you with more information can you please explain how this is a flying freehold?

  • My fiance and I had an offer accepted on a 2 bedroom townhouse in July. It has taken months to get our mortgage offer and now our conveyancer is saying that The Royal Bank of Scotland may withdraw their offer due to the element of flying freehold on the house. In summary a tiny part of the office room goes over a accessway between us and the neighbors. Do you know of any lenders that will lend on a flying freehold ?

  • My wife and I have found the house of our dreams. It is far better than others we have seen. The potential showstopper 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. Can we buy a flying freehold indemnity policy to cover whatever it is that needs covering in this scenario?

  • My problem is with the loft space and who owns it, the property is a Victorian semi house until recently having no division in the roof area. For my neighbours part he has a front bedroom projecting my entrance hall, 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 reference to a flying freehold in the survey when I bought it 2009. Is my neighbour permitted develop the roof space?

Last Update: 9/6/2018

See Also: Flying Freehold Conveyancing Specialists