From: "Just Wondering" 
Newsgroups: uk.finance
Subject: Re: Freeholder vanished - can I still get a mortgage?
Date: Sun, 09 Jan 2005 01:35:40 GMT


"Steve Firth" <%steve%@malloc.co.uk> wrote in message 
news:1gq3im3.kcym1b19qr1ndN%%steve%@malloc.co.uk...
> Joseph Hill  wrote:
>
>> The estate agents tell me that the flat is going a little cheaper than
>> it ought to as the freeholder for the block has gone walkies, and
>> nobody in any flat can locate him.
>>
>> They assure me I'll never get a mortgage for such a property on that
>> basis, and therefore they're looking for cash buyers.
>
> How odd, my parents bought a place with an absentee freeholder many
> years ago. There was no problem obtaining a mortgage and when, much
> later, a solicitor contacted them to say that he was representing the
> family of the deceased freeholder, they were offered the chance to buy
> the freehold for peanuts.
>
> -- 
> "They that can give up essential liberty to obtain a little
> temporary safety deserve neither liberty nor safety."
>
> -- Benjamin Franklin, 1759

Daft question , but how would you know if its mortgage free ? could he be 
paying for something that should not be sold etc ?
just wondering.