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 a developer and just looked at 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 impact for me as a buyer.Can I call someone to discuss my options please?

  • My wife and I are wondering if it is simple to sell a property where there is an absent freeholder given that some lenders will not accept such properties as adequate security.

  • My wife and I are intending to buy a ground floor flat in Roade with an absent freeholder and it sounds a bit unusual so we are after some advice.

  • Mortgage forms in with Barclays , survey arrangedfor nextTuesday. The concern is that that there is an absent freeholder Will this cause a problem with Barclays ?

  • My partner and I are hoping to purchase maisonette in Birmingham. Our property lawyer has just warned about something he called an absent freeholder. The conveyancing practitioner has sought to reassure us that it's not uncommon in older properties and that we should simply take out title insurance to protect us if anything goes wrong, but I've never come across thisin the past. I do trust our conveyancing practitioner, 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 choice?

  • I have identifieda lovelythree bed apartment in Ware. An absent freeholder scenario has put other buyers off - since the Estate Agents weren't up-front about this. My concern is that TSB will balk at a property given the absentee freeholder situation, and that the buildings insurance situation could be difficult as well. Are you able offer any advice, and not be the voice of doom? The house is perfect, and I'd never be able to afford it ordinarily.

  • Are you able to comment on the relative ease of obtaining a mortgage on a property with an absentee freeholder. I am interested in purchasing a studio flat in Halifax.Will this restrict my options to choose a lender? I am keen to get a mortgage with Norwich and Peterborough Building Society

  • I am thinking about acquiring a garden flat in Solihull in need of restoration. I want to carry out works and resell, but the flat has an absentee freeholder.Am I likely to to experience a nightmare selling this flat - the last thing I want is to purchase, restore and then find I can’t sell.

  • I recently viewed a garden flat in Roade 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 potential buyers off as it has been marketed for quite a while. If the freeholder can be traced, 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 last month purchased a leasehold apartment that was a repossession. The flat is one of three in a each with their own entrance with no communal accessways. Before I purchased I knew the freeholder could not be found and I have been given absentee landlord indemnity insurance by the vendor.I am wondering how to go about insuring the property? There is no management company and each flat owner seems to do their own thing and I cannot make contact with any of their owners or tenants?

Last Update: 18/10/2019

See Also: Absent Freeholder Conveyancing Specialists