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 an experienced developer and just looked at a leasehold flat in Hendon where there is an Absent Freeholder. It's an ideal investment 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 .

  • My husband and I are enquiring if it is simple to resell a property where there is an absent freeholder given that some mortgage companies will not lend on such properties.

  • We are hoping to purchase a ground floor flat in Solihull with an absent freeholder and it sounds a bit out of the ordinary so we are after some information.

  • My leasehold house has a rent of £3 per year associated with it. I am yet to receive a rent demand, and my conveyancing practitioner who I used to do the conveyancing can not tell me who the freeholder is. The conveyancing practitioner has advised me verbally that if there hasn't been a bill it is not worth chasing up. I don't know what else I can do to trace the absent freeholder. Can you advise me?

  • My partner has been trying to refinance our three bed apartment in West Bromwich.Everything seemed to be in order until the valuer turned up, he was actually aware that our flat has a absent freeholder but seemed absolutely horrified and regards the is significantly devalued. Determined to move forward we are in the process of applying to a different bank, yet our lawyer and mortgage adviser are completely bemused as to what the difficulty is.

  • We are are hoping to sell our garden flat in Powys . Our buyer's solicitor has raised an issue with our conveyancer, saying that they want us to pay £350 for an indemnity insurance policy to cover the fact that our house has an 'absentee freeholder'. If I supply you with more information can you please clarify why this is a concern?

  • My wife and I had an price accepted on a garden flat in February. We have spent months trying to get our mortgage offer and now our property lawyer is saying that Clydesdale may not lend due to there being an absent freeholder. Do you know of any building societies that will lend where there is an absent freeholder ?

  • My wife and I are thinking about acquiring a maisonette in Hendon 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 property - the last thing I want is to purchase, refurbish and then not be able to sell.

  • My wife and I have lived in our studio flat in West Bromwich for the last eighteen years and would like to purchase the freehold. We attempted to trace the landlord but to no avail and then instructed a solicitor but he had no joy. We are afraid that we will have a problem selling the property. Our conveyancer 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 ?

  • Is it the case that all lenders prepared to lend on leasehold properties with an absent freeholder as long as there is indemnity insurance in place? Who normally pays for such insurance?

Last Update: 21/1/2019

See Also: Absent Freeholder Conveyancing Specialists