Return to the Mortgage Glossary Home to view explanations for all mortgage terms. What follows is the definition for the term Flying Freehold as it relates to mortgages in the UK. Flying FreeholdA "flying freehold" is part of a freehold property which is built above land which is not part of the property freehold, e.g. a bedroom built over a common access passageway. Flying freeholds can cause you dificulties when trying to get a mortgage. At worst, a home lender will decide they're not prepared to lend.
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