Flying Freehold
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My Buyer Pulled Out Over a Flying Freehold: Why Wasn’t It Found When I Bought?
A buyer withdrew after a surveyor raised a possible flying freehold and encroachment involving a 50 year old extension. Why had the issue not been identified when the owner bought 12 years earlier?
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I Bought the Flying Freehold for Cash. Now My Buyer’s Lender Will Not Accept It
A homeowner encountered issues selling a cash-purchased property with a flying freehold above an alleyway. Although an indemnity policy facilitated the purchase, it was not accepted by the buyer’s mortgage lender, highlighting the difference in requirements between cash transactions and mortgage-funded sales. This created complications regarding future mortgageability and marketability.