I had a mortgage agreed in principle with TSB. Bollington conveyancing lawyers are chosen. How long does it take for TSB to issue the offer to the conveyancing practitioner?

There is no definitive answer here. Have TSB conducted the valuation? Have you informed TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

We have agreed to purchase a house in Bollington. A rare aspect is that the roof has a solar panel. Leeds Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

Given that your lender is Leeds Building Society your lawyer must follow the formal requirements contained in Section two of UK Finance Lenders’ Handbook for Leeds Building Society. The CML Handbook includes minimum conditions for solar panel roof-space leases, and solicitors are required to report to Leeds Building Society where a lease does not meet these specifications. The conditions relate to the installation of panels on properties countrywide and is not isolated to Bollington.

At last I have had an offer on an apartment in Bollington accepted, the vendors do however have a dependent purchase. The vendors have placed an offer on a property, however it’s not been accepted yet, and are looking at other apartments in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Bollington. What do I do now? At what point do I apply for the mortgage with TSB?

It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then valuation, Bollington conveyancing search costs, etc). The first thing to do is ensure that your property lawyer is on the TSB conveyancing panel. Concerning the subsequent stages this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. In a hot market many home buyers would apply for a home loan with TSB and pay for the valuation and only if it comes back ok would they ask their property lawyer to move forward with searches.

I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a straight forward, chain free conveyancing. Bollington is the location of the property. Is there any guidance you can give?

Flying freeholds in Bollington are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bollington you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bollington may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

What makes your site different to other internet conveyancing brokers for conveyancing in Bollington?

At this site secure an accurate quote from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Bollington. As opposed to estate agents and many comparison sites we do not have commission deals with solicitors. Many agents and online brokers 'recommend' the firm paying the highest commission, as opposed to the best value conveyancing in Bollington

I am looking at a couple of flats in Bollington both have about forty five years left on the lease term. Will this present a problem?

There are plenty of short leases in Bollington. The lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the saleability of the lease decreases and results in it becoming more costly to acquire a lease extension. For this reason it is advisable to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on such properties. Lease extension can be a difficult process. We recommend you seek professional help from a solicitor and surveyor with experience in this arena.

I am the registered owner of a studio flat in Bollington, conveyancing having been completed in 2005. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Bollington with a long lease are worth £176,000. The ground rent is £50 levied per year. The lease terminates on 21st October 2105

With 80 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 plus professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.

I have been recommended a conveyancing solicitor in Bollington. I I would like to check if they are on the bank's conveyancing panel. Can you or the lender confirm if they are on the panel?

One option is to contact the lawyer and ask them if they are on the bank's panel. If that does not help call us and we can make some checks for you. Should the firm not be on the bank panel we can certainly arrange a specialist conveyancing solicitor in Bollington on the panel for your lender.