Flying freehold – advice requested

by Readers Question

10:09 AM, 14th December 2014
About 4 years ago

Flying freehold – advice requested

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Flying freehold – advice requested

I am looking at (cash sale at auction) a terraced property converted into flats with a ‘flying freehold’. Flying freehold - advice requested

The first and second floor bathroom overhangs on next door. Owned by housing association and which they converted with a shared garden (no division wall in the rear garden between the two properties). They are selling one of the properties.

My question is…where do I stand legally re any problems with maintenance with the next-door owner etc.

Can you get a mortgage?

Should I have my solicitor draw up an insurance agreement?

I would be grateful for any guidance before I sign on the dotted line.

Thank you

Rob



Comments

Mark Alexander

10:11 AM, 14th December 2014
About 4 years ago

Hi Rob

Unless you get a solution from a specialist solicitor this will cause you problems in terms of mortgaging and re-selling.

Please see >>> http://www.property118.com/conveyancing/
.


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