Flying freehold

Leeannero1

Hi everyone.
Im thinking of buying a flying freehold. Its about 60 to 70% flying. There is an access underneath that allows cars to get to a carpark. I know about the issues with the potential morgage but i was wondering more about the noise.
As cars could be using the access at any point during the day or night i was wondering if anyones had any issues with noise.  Ive seen alot mentioned about garage issues and maintenance issues due to not having your own ground to gain access to any repairs that need doing but does anyone know if they have good sound insulation? Im sure they probably do as they are hanging and would need it due to being colder. Thanks

loubel

I know you said that the question wasn't about being a flying freehold, but are you sure it is one? 60-70% flying freehold would make it pretty much unmortgageable. 

If it is relatively new you might be able to get hold of building plans to get an idea of insulation and/or refer to your surveyor. Are there any similar neighbouring properties you could ask what it's like?

eddddy

It's impossible to guess about the standard of sound insulation without knowing more about the type of building, the age of the building and its construction etc - and even then, it may be difficult.

Presumably, you're talking about a freehold house, which is partially over a driveway which you wouldn't own, and which cars pass along. Where are the cars going to/from? What speed are they going? How often do they pass? Is it day and night? Is it just cars, or vans and lorries as well?

You might have difficulty getting a mortgage for a house with a flying freehold.

(Just to make sure, you're not getting confused with a 'share of freehold' property?)

Leeannero1

eddddy said:

It's impossible to guess about the standard of sound insulation without knowing more about the type of building, the age of the building and its construction etc - and even then, it may be difficult.

Presumably, you're talking about a freehold house, which is partially over a driveway which you wouldn't own, and which cars pass along. Where are the cars going to/from? What speed are they going? How often do they pass? Is it day and night? Is it just cars, or vans and lorries as well?

You might have difficulty getting a mortgage for a house with a flying freehold.

(Just to make sure, you're not getting confused with a 'share of freehold' property?)

Its flaoting over a tunnel which cars can acess to get to the back to park their cars. So they would drive underneath the flat to gain access to the back where they would have a parking space. I think it would only be used for residence and some visitors too. The flat is completely freehold. I would say it was built in the 1980s.
It would just be cars, but i wouldnt know how often it would be used. If someone worked night shift or went out alot and was in and out it would be annoying if the insulation was bad.

I wouldnt own the driveway but can use it to park the car around the back. 

Leeannero1

loubel said:

I know you said that the question wasn't about being a flying freehold, but are you sure it is one? 60-70% flying freehold would make it pretty much unmortgageable. 

If it is relatively new you might be able to get hold of building plans to get an idea of insulation and/or refer to your surveyor. Are there any similar neighbouring properties you could ask what it's like?

Maybe the term flying freehold is incorrect for this property? The access underneath is big enough for a car to pass through.

davidmcn

Leeannero1 said:

loubel said:

I know you said that the question wasn't about being a flying freehold, but are you sure it is one? 60-70% flying freehold would make it pretty much unmortgageable. 

If it is relatively new you might be able to get hold of building plans to get an idea of insulation and/or refer to your surveyor. Are there any similar neighbouring properties you could ask what it's like?

Maybe the term flying freehold is incorrect for this property?

Unless you've seen the titles, how do you know it's a flying freehold? You're asking a different question i.e. about there being a passageway immediately under the flat.

greatcrested

Is your concer

a) Flying Freehold and legal/re-sale issues,or

b) noise?

eddddy

Leeannero1 said:

The flat is completely freehold. I would say it was built in the 1980s.

Why do you think it's freehold?

It's very unlikely to be a freehold flat. If it is, it will be unmortgageable.

It's much more likely to be a leasehold flat. And your concerns about access for maintenance wouldn't apply, because the freeholder would normally be responsible for maintenance. 

Leeannero1

eddddy said:

Leeannero1 said:

The flat is completely freehold. I would say it was built in the 1980s.

Why do you think it's freehold?

It's very unlikely to be a freehold flat. If it is, it will be unmortgageable.

It's much more likely to be a leasehold flat. And your concerns about access for maintenance wouldn't apply, because the freeholder would normally be responsible for maintenance. 

It is a freehold .
Its the noise that im cornered about as the cars will be driving underneath it

hazyjo

eddddy said:

Leeannero1 said:

The flat is completely freehold. I would say it was built in the 1980s.

Why do you think it's freehold?

It's very unlikely to be a freehold flat. If it is, it will be unmortgageable.

It's much more likely to be a leasehold flat. 

Unless it's not England.

greatcrested

Leeannero1 said:

eddddy said:

Leeannero1 said:

The flat is completely freehold. I would say it was built in the 1980s.

Why do you think it's freehold?

It's very unlikely to be a freehold flat. If it is, it will be unmortgageable.

It's much more likely to be a leasehold flat. And your concerns about access for maintenance wouldn't apply, because the freeholder would normally be responsible for maintenance. 

Its the noise that im cornered about as the cars will be driving underneath it

So the thread title 'Flying Freehold' is a red herring.

No one here can tell you what the noise will be like.

I'd suggest you

a) arrange another viewing and make sure you stay long enough to hear cars passing underneath and

b) visit the street at various times of the day/evening to observe the amount of traffic passing underneath.

Of course b) will be somewhat misleading at present. In normal times you could see what 'rush hour' traffic is like as people come/go to work, but with lockdown that might under-estimate the amount of traffic.