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Buying a house with a flying freehold

13

Comments

  • SG27
    SG27 Posts: 2,773 Forumite
    oxfordmark wrote: »
    What if all that is under the room is a passageway? Is that better?

    The calculated floor space for your property that over hangs or both properties?

    Just your floor space. So for example if one bedroom overhangs then just the floor space of that bedroom.

    I'm not sure if FF over a passageway is better or not. I know some lenders would be more likely to lend than other although I can't remember which.

    We looked at a house with one room FF but didnt buy it in the end for other reasons
  • SG27
    SG27 Posts: 2,773 Forumite
    If you search this forum for "flying freehold" I think my old thread should come up. I got some good info from people on here.
  • oxfordmark
    oxfordmark Posts: 458 Forumite
    SG27 wrote: »
    Just your floor space. So for example if one bedroom overhangs then just the floor space of that bedroom.

    I'm not sure if FF over a passageway is better or not. I know some lenders would be more likely to lend than other although I can't remember which.

    We looked at a house with one room FF but didnt buy it in the end for other reasons

    ok and is it the whole room or just the section that is above the passage.
    Oxfordmark
    Home owner from Friday 26th July 2013!
  • oxfordmark
    oxfordmark Posts: 458 Forumite
    SG27 wrote: »
    If you search this forum for "flying freehold" I think my old thread should come up. I got some good info from people on here.

    Can't search on this forum from my phone. .. will try tomorrow
    Oxfordmark
    Home owner from Friday 26th July 2013!
  • Goldiegirl
    Goldiegirl Posts: 8,806 Forumite
    Part of the Furniture 1,000 Posts Rampant Recycler Hung up my suit!
    oxfordmark wrote: »
    Out of interest. When do the lenders pick up if a house is flying freehold?

    The valuer would normally tell the lender as well
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
  • oxfordmark
    oxfordmark Posts: 458 Forumite
    Goldiegirl wrote: »
    The valuer would normally tell the lender as well

    Guess ill find out next week then.
    Oxfordmark
    Home owner from Friday 26th July 2013!
  • Richard_Webster
    Richard_Webster Posts: 7,646 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    There is local act of parliament that helps the flying freehold situation round there (and mitigates the potential bad effects of FF), but it only applies to a particular parish - I can't remember its name. Could be Hebden Royd?
    RICHARD WEBSTER

    As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.
  • Strapped
    Strapped Posts: 8,158 Forumite
    We have a tiny FF in our semi - literally the footprint of the neighbour's airing cupboard ;) - but it cost us a few hundred pounds for an indemnity policy when we bought the place. Our lender (YBS) weren't unduely fussed about it.
    They deem him their worst enemy who tells them the truth. -- Plato
  • SG27
    SG27 Posts: 2,773 Forumite
    Strapped wrote: »
    We have a tiny FF in our semi - literally the footprint of the neighbour's airing cupboard ;) - but it cost us a few hundred pounds for an indemnity policy when we bought the place. Our lender (YBS) weren't unduely fussed about it.

    We actually have it too. It's about 15ftx3ft. Our lender also YBS didn't even notice. It does take a bit of studying of the floor plan to work out.
  • oxfordmark
    oxfordmark Posts: 458 Forumite
    SG27 wrote: »
    We actually have it too. It's about 15ftx3ft. Our lender also YBS didn't even notice. It does take a bit of studying of the floor plan to work out.

    it not picked up on your survey
    Oxfordmark
    Home owner from Friday 26th July 2013!
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