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

  • We are hoping to purchase a garden flat in Roade with an absent freeholder and it sounds a bit out of the ordinary so we are after some opinions.

  • My leasehold house has a rent of £3 per annum associated with it. I am yet to receive an invoice, and my conveyancer who I used to do the conveyancing can not tell me who the freeholder is. The solicitor 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. I am after more information

  • My husband and I are soon to exchange contracts on our maisonette in York . Our purchaser’s solicitor has raised an issue with our conveyancing practitioner, saying that they want us to meet the cost of £300 for an indemnity insurance policy to cover the fact that our property has an 'absentee freeholder'. If I send you with more information can you please explain why this is a concern?

  • My partner and I had an price accepted on a 2 bed apartment in April. We have spent months trying to get our mortgage offer and now our solicitor is saying that Santander may not lend due to there being an absent freeholder. Do you know of any lenders that will lend in this situation ?

  • I have identifieda lovelygarden flat in Sandbanks. An absent freeholder arrangement has put many people off - since the Estate Agents weren't up-front about this. My concern is that Chelsea Building Society 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, other than "Walk away"? The house is ideal, 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 one bedroom apartment in Yeovil.Will this restrict the choice of mortgage lender? I am especially attracted to a mortgage product available from Norwich and Peterborough Building Society

  • My husband and I have found the perfect flat. It is far better than anything else we have seen. The concern is it has what we think is a very strange 'absent freeholder' situation. We would like your thoughts on this situation

  • We are considering purchasing a maisonette in Birmingham which needs restoration. I want to do it up and resell, but the flat has an absentee freeholder.Am I likely to to experience hassle selling this property - I don't want to purchase, restore and then find I can’t sell.

  • I recently viewed a two bedroom first floor purpose built 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 in the building. 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 negate 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' ?

Last Update: 20/7/2019

See Also: Absent Freeholder Conveyancing Specialists