Who will lend on a flying freehold?

dfw844

Hi everyone.

I was wondering if anyone could help me - I've just been to view a house that I absolutely love...BUT most of it is built over a flying freehold. If you know what I mean.

I am currently with Barclays (formerly Woolwich) and they will only lend on a property where the flying part of the freehold constitutes 15% of the floorspace or less. In this house the vast majority of it is flying - probably 90% of it is above another property.

Does anyone know a mortgage lender who would lend on this? Or where I could get a list of specialist mortgage lenders?

I'd really appreciate your help on this - you seem to be a very knowledgable lot!

xx

chappers

try a broker or if you can be bothered to search lender by lender then have a look here http://www.cml.org.uk/handbook/frontpage.aspx section 5.5 in part 2 is where you want to look but you will have to look lender by lender.
Just checked to see what section for you and Abbey lend on flying freeholds

EdInvestor

Worth asking the vendor who their lender is.

Dan_Collins_2

Have you tried RBS? Abbey may, Halifax may, C&G might. A lot of it depends on your deposit size.