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.

Examples of typical questions relating to Absent Freeholder

  • I am interested in a property above a bookie and it has two floors above, both of which are apartments I am wanting to transfer my mortgage to this but have been warned that some lenders don't like properties with an absent freeholder. I am enquiring as to the reason ?

  • My partner and I are enquiring how straight forward it is to resell a property where there is an absent freeholder given that some lenders will not lend on such properties.

  • We are intending to purchase a one bedroom apartment in Sandbanks with an absent freeholder and it sounds a bit out of the ordinary so we are after some advice.

  • We are soon to exchange contracts on our one bedroom apartment in Stoke on Trent . Our purchaser’s property lawyer has raised an issue with our property lawyer, insisting that we pay £200 for a defective title insurance policy to cover the fact that our house has an 'absentee freeholder'. If I provide you with more information can you please clarify why this is a concern?

  • I've recently discovered that there is an absent freeholder for the leasehold flat I put an offer in two months ago. It what was supposed to be a no chain move. I feel that I have been duped by the estate agent as she must have suspected given her experience. Do I have any recourse?

  • Are you able to comment on the difficulty in obtaining a mortgage on a property in a situation where there is an absentee freeholder. I am interested in acquiring a one bed apartment in Ware.Will this limit my options to choose a lender? I am particularly attracted to a mortgage product promoted by Barnsley Building Society

  • My husband and I have just found out that the freeholder for the house we are buying is absent and no ground rent demands have been received for a few years. Our solicitor is asking the vendor for indemnity for this but how is this likely to affect our mortgage? Our lawyer isn't going to raise it with the mortgage until the vendor's lawyer has proposed an indemnity policy.The freeholder isn't responsible for any building maintenance or the insurance.

  • I recently viewed a ground floor flat in Whitton 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 of the flats. It appears to have put a lot of people off as it has been marketed for quite a while. If the freeholder can be traced, does this extinguish 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 obligations or will it still be treated as if there was an 'absent freeholder' ?

  • We last month purchased a leasehold apartment at auction. The flat is one of three in a each with their own entrance with no communal staircase. 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?

  • We have found our dream one bedroom apartment in York which is well within our budget. The problem is there is an absent freeholder. Are we likely to encounter difficulties getting a mortgage and will we encounter problems when it comes to selling it on?

Last Update: 22/3/2019

See Also: Absent Freeholder Conveyancing Specialists