Absent Freeholder - Will Lenders Lend?

Chances are that if you have come to our site you are either a buyer wanting to find out more about absentee freeholder properties and whether you should proceed with buying such a property. Alternatively you own a property with an absent freeholder and are either having difficulty in remortgaging or selling your property. In either situation absent-freeholder.com can help.

Warning: Should I Buy Where there is an Absent Freeholder?

Absent Freeholder services for buyers.

Absent Freeholder Marketability Assessment
Even if your proposed lender is prepared to lend on a property with an Absent Freeholder, it is important you understand how the lending market as a whole regards Absentee Freeholders and whether they are prepared to lend. For just £5.50 plus VAT the LENDERmonitor Absent Freeholder Marketability Assessment will show you which lenders will lend where there is an Absent Freeholder 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.
Absent Freeholder Live Chat Service
type in your question concerning Absent Freeholders and we will see if we can assist.
Absent Freeholder - 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 Absentee Freeholder panel lawyers to get in touch.
Warning: Should I have bought with an Absent Freeholder?

Absent Freeholder services for existing owners.

Absent Freeholder Retro Marketability Assessment
Do you feel as though your lawyer or surveyor should have given you clearer advice when you purchased your Absent Freeholder? Were you given the full picture as to what the lending market generally regarded Absentee Freeholder at the time? As a cost of £25.00 plus VAT the LENDERmonitor Absent Freeholder - Retro Marketability Assessment Report will reveal what lenders leant on Absent Freeholder and what their criteria was to lawyers on a specific date. It will also reveal what the trend was in the previous year.
Absent Freeholder Live Chat Service
type in your question concerning Absent Freeholder and we will see if we can assist.
Absent Freeholder - Conveyancing Panel Service
please click here and complete the details of your Absent Freeholder or set out your question and we will pass it on to one of our specialist Absent Freeholder panel lawyers to get in touch.

Recently asked questions about Absent Freeholders.

  • I am a property investor and interested in a house in Powys that has where there is an Absent Freeholder. It’s on at an attractive price but my concern is whether there is any serious consequences when it comes to selling.Can I call someone to discuss my options please?

  • We have been on tenterhooks for nearly almost a month for my mortgage provider to make a decision even though an indemnity insurance for an absent freeholder is in place. Why the delay?

  • My partner and I are planning to purchase a garden flat in Halifax with an absent freeholder and it sounds a bit out of the ordinary so we are after some guidance.

  • Mortgage process underway with National Westminster Bank, valuation bookedfor thisMonday. The concern is that that there is an absent freeholder Is this likely to cause a problem for National Westminster Bank?

  • My wife has been attempting to refinance our 2 bed apartment in Halifax.All seemed to be fine up until the valuer turned up, he was on notice that our property has a absent freeholder but seemed absolutely horrified and regards our property flat is unmortgageable. We are in the process of applying to an alternative lender, yet our solicitor and mortgage broker are completely perplexed as to what all the fuss is about.

  • We are selling our one bedroom apartment in Hendon . Our purchaser’s conveyancer has raised an issue with our property lawyer, saying that they want us to meet the cost of £350 for an indemnity insurance policy to cover the fact that our property has an 'absentee freeholder'. If I provide you with more information can you please explain why this is a concern?

  • My husband and I are planning to buy garden flat in West Bromwich. Our conveyancer has just raised something known as an absent freeholder. The conveyancer has sought to reassure us that it's not uncommon in older properties and that we should put in place title insurance to protect us if anything goes wrong, but I've never come across thisbefore. I do trust our conveyancer, I just have no experience and wanted to know what possible pitfalls etc there may be, and how to avoid them. Needing to make an informed decision?

  • Foundan idealmaisonette in Thorne. An absent freeholder situation has put other buyers off - since the selling agents weren't up-front about this. My concern is that Yorkshire Building Society will balk at a property given the absentee freeholder situation, and that the buildings insurance situation could be complex as well. Can you offer any advice, other than ’run a mile”? The house is ideal, and I'd never be able to afford it ordinarily.

  • I am thinking about purchasing a one bedroom first floor purpose built maisonette in Thorne which needs renovation. I want to do it up and resell, but the flat has an absentee freeholder.Am I going to experience a problem selling this flat - the last thing I want is to purchase, renovate and then discover that I have an unmarketable property.

  • My partner and I have lived in our garden flat in Halifax for the last twenty years and would like to buy the freehold. We attempted to locate the landlord but to no avail and then instructed a property lawyer but he had no success. We are concerned that we will have a problem selling the property. Our lawyer has said that it would not be a problem as we could buy an absent freeholder indemnity insurance which would cost approx. £350.Is that correct and would it affect the value of the property ?

Last Update: 18/9/2019

See Also: Absent Freeholder Conveyancing Specialists