Back To Back Property With Passage Way

[Ric.ror]

I have just seen a B2B house on the web - it is a front house and the second bedroom seems to be over the passage way
A colleague seems to think there is a problem with getting a mortgage for a house with a passage (BTW it would be a buy to let)

[magsmay]

There could well be - the area under the second bedroom could be classed as a 'floating leasehold' rather than 'freehold'. A good mortgage adviser will be able to walk you through the pros and cons of that.

[Barmaid]

More likely a flying freehold. Yes there are difficulties.

Best I could come up with was Wiki (sorry, not my normal source). Eve or Buildersmate are normally quite good on this type of thing.

http://en.wikipedia.org/wiki/Flying_freehold

[buildersmate]

Can't add further to the Wiki link provided - it seems to explain it rather well.

Don't have any experience of getting a mortgage with a flying freehold either - personally I wouldn't touch it because of the uncertainties created.

[The Builder]

It crops up with new-build as well. Where a "drive-through" into a courtyard has a part of one property "flying" over it.
I think it was about thirty years ago that I last bought (freehold) with a "flying" part. It was never a big deal in those days.
Today, with banks and insurance companies so picky and rather less than enthusiastic, I think I would be tempted to steer clear of it as well................. unless........... your lawyer does a lot of research on your behalf.

[Ric.ror]

Is it worth mentioning the property is front facing with the door to the house in the passageway

[The Builder]

Ric, I guess the bedroom over the passage would be yours, but the passage is communal?
I don't think it would worry me unduly, especially for letting.
Just make sure your lawyer identifies exactly what is yours, and what responsibilities you would have regarding the common passage.

If all is straightforward, then there shouldn't be a problem with a mortgage. Remember to check insurance quotes though.

[Ric.ror]

Your all brilliant
Thank you so much