- Flying Freeholds
- From 5% Deposit
- To 100% Flying Freehold
- Residential & Buy to Let
- Common Sense Underwriting
- Interest Only and Repayment
- No maximum age for residential & buy to let mortgages
Flying Freehold Mortgages
A property with a “flying freehold” is essentially where part of the property hangs over (or flies over) another property. A typical example of a flying freehold property would be a coach house, where the upper floor is built over an archway which contains a drive to other properties shared by other residents.
Flying freehold properties can vary in the amount of floorspace that hangs over another property – known as the “flying” element. When considering a mortgage for a flying freehold house it is important to find out the approximate percentage of the property floorspace that is “flying” e.g. 20% flying freehold would indicate that 20% of the property is hanging over another property.
Clients tell us that some lenders will not consider flying freehold properties full stop, while others will consider them – but only up to a specified percentage of flying floorspace e.g. 10% and then others will consider up to 100% flying freehold properties subject to the comments of the valuer who visits the property to assess if it is suitable for a mortgage or not.
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