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.

Examples of typical questions relating to Absent Freeholder

  • I am an experienced developer and interested in a leasehold property in Thorne where there is an Absent Freeholder. It's an ideal property at an attractive price I'm just trying to prepare for any hold-ups or problems that may come along when I come to sell .

  • We have seen a studio flat in Whitton we may offer on. There is an absent freeholder. On a scale of 1-10 how big a problem is this?

  • My husband and I are planning to buy a studio flat in West Bromwich with an absent freeholder and it sounds a bit unusual so we are after some information.

  • My wife has been trying to remortgage our maisonette in Ware.Everything appeared to be without a hitch until the surveyor came round, he was actually aware that our property has a absent freeholder but seemed absolutely horrified and considers our property flat is unmortgageable. Determined to move forward we are in the process of applying to a different mortgage company, yet our solicitor and mortgage broker are absolutely stumped as to what all the fuss is about.

  • My husband and I are soon to exchange contracts on our garden flat in Solihull . Our purchaser’s conveyancer has raised an issue with our conveyancing practitioner, insisting that we meet the cost of £300 for a defective title insurance policy to cover the fact that our house has an 'absentee freeholder'. If I provide you with more information can you please clarify why this is an issue?

  • My fiance and I had an offer accepted on a one bed apartment in July. We have spent months trying to get our mortgage offer and now our conveyancer is saying that Barnsley Building Society may withdraw their offer due to there being an absent freeholder. Do you know of any building societies that will lend where there is an absent freeholder ?

  • My partner and I are hoping to buy one bedroom first floor purpose built maisonette in Yeovil. Our conveyancing practitioner has just raised something known as an absent freeholder. The lawyer has sought to reassure us that it's not a deal breaker and that we should simply take out title insurance to protect us if anything goes wrong, but I've never heard of such a thingbefore. I do trust our lawyer, I just have no experience and wanted to know what possible pitfalls etc there may be, and how to avoid them. Keen to make an informed decision?

  • Today I discovered that there is an absent freeholder for the leasehold flat I put an offer in two months ago. It what was supposed to be a chain free transaction. I feel that I have been duped by the estate agent as she must have suspected it as a professional. Do I have any recourse?

  • Are you able to comment on the relative ease of obtaining a mortgage on a property in a situation where there is an absentee freeholder. I am interested in buying a two bedroom second floor purpose built maisonette in York.Is this going to limit the choice of mortgage lender? I am particularly attracted to an interest rate available from Barclays

  • I recently viewed a studio flat in St Albans that I was advised currently has an absent freeholder so the only work being done to the building is that which is agreed between the tenants of the flats. It appears to have put potential buyers off as it has been advertised for quite a while. If the freeholder can be found, does this extinguish any risks relating to 'absent freeholder' or do these risks remain because the building maintenance is not being fulfilled? is there a course of action that can be taken to force a freeholder to carry out their obligations or will it still be treated as if there was an 'absent freeholder' ?

Last Update: 21/5/2019

See Also: Absent Freeholder Conveyancing Specialists