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.

FAQs concerning Absent Freeholders

  • I am interested in a property above a fish and chip shop and it has two floors above, both of which are flats I am wanting to transfer my mortgage to this but have been advised that some banks don't like properties with an absent freeholder. Should I be concerned?

  • My wife and I are wondering how straight forward it is to sell a property where there is an absent freeholder given that some mortgage companies refuse to lend on such properties.

  • My partner has been trying to refinance our one bedroom apartment in Trelogan.Everything seemed to be without a hitch until the surveyor came round, he was on notice that our property has a absent freeholder but freaked out and has now deemed the property flat is unmortgageable. Determined to move forward we are in the process of applying to a different mortgage company, yet our conveyancing practitioner and mortgage broker are absolutely bemused as to what the difficulty is.

  • We are are hoping to sell our studio flat in Whitton . Our buyer's lawyer has raised an issue with our 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 clarify why this is an issue?

  • My wife and I had an offer agreed on a two bedroom first floor purpose built maisonette in March. It has taken months to get our mortgage offer and now our solicitor is saying that Godiva Mortgages Ltd may withdraw their offer due to there being an absent freeholder. Do you know of any banks that will lend where there is an absent freeholder ?

  • Foundan idealthree bedroom first floor purpose built flat in Roade. An absent freeholder situation has put other buyers off - since the Estate Agents have not been up-front about this. My concern is that The Mortgage Works will balk at a property given the absentee freeholder situation, and that the buildings insurance situation could prove difficult as well. Are you able offer any advice, other than ’run a mile”? The house is ideal, and I'd never be able to afford it ordinarily.

  • Are you able to comment on the difficulty in obtaining a mortgage on a property with an absentee freeholder. I am interested in buying a studio flat in St Albans.Is this likely to limit my options to choose a lender? I am keen to get a mortgage with Barnsley Building Society

  • I am considering buying a maisonette in Solihull in need of restoration. I want to carry out works and resell, but the flat has an absentee freeholder.Am I going to experience difficulties selling this flat - I don't want to purchase, renovate and then discover that I have an unmarketable property.

  • I recently viewed a maisonette in West Bromwich 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 in the building. It appears to have put a lot of people off as it has been advertised for quite a while. If the freeholder can be found, does this overcome 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 duties or will it still be treated as if there was an 'absent freeholder' ?

  • My partner and I have lived in our garden flat in Trelogan 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 lawyer but he had no joy. We are concerned that we will have a problem selling the property. Our property lawyer has said that it would not be a problem as we could take out an absent freeholder indemnity insurance which would cost less than £500.Is that correct and would it affect the value of the property ?

Last Update: 19/8/2019

See Also: Absent Freeholder Conveyancing Specialists