Hi there,
Just looking for some advice please...
I am looking to buy a new property which I really like, but have discovered that it is a flying freehold. One of the bedrooms is what I would describe as a coach house. Underneath this bedroom is the vehicle access to the parking at the rear of the properties. It would be accessed by myself, and my neighbours directly either side of me (mine and two other properties in total)
I have recently been informed that a flying Freehold will cause problems with conveyancing and I might struggle to get a mortgage as lenders don't like flying freeholds.
Could you all please advise as to what sort of problems I might encounter if I proceed with this property?
Many thanks in advance.
Just looking for some advice please...
I am looking to buy a new property which I really like, but have discovered that it is a flying freehold. One of the bedrooms is what I would describe as a coach house. Underneath this bedroom is the vehicle access to the parking at the rear of the properties. It would be accessed by myself, and my neighbours directly either side of me (mine and two other properties in total)
I have recently been informed that a flying Freehold will cause problems with conveyancing and I might struggle to get a mortgage as lenders don't like flying freeholds.
Could you all please advise as to what sort of problems I might encounter if I proceed with this property?
Many thanks in advance.
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