My IFA requires my Bolton law firm’s panel reference for the Nationwide conveyancing panel. How do I find this out. I have e-mailed my local Bolton branch but they have not responded to me.

The sensible thing to do is ask for this information from your Bolton property lawyer . Most Bolton conveyancing practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.

We are looking to buy a property and require a conveyancing solicitor in Bolton who is on the Coventry BS approved panel. Can you recommend a local conveyancing firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in Bolton.

What is the difference between a licensed conveyancer and conveyancing solicitor in Bolton

Two types of professional can carry out conveyancing in Bolton namely licenced conveyancers or solicitors. The two can handle conveyancing services that required to complete the disposal or acquisition of property. They are both duty bound to execute Bolton conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly carried out and that the requisite procedures should be suitably taken.

This question may be naive but I am new to the home moving as a 1st time purchaser of a two bedroom flat in Bolton. Do I receive the keys to the property on completion from my lawyer? If this is the case, I will instruct a High Street conveyancing solicitor in Bolton?

There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the vendor’s conveyancers, and once they have received this, you should be called to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.

My offer was accepted on an apartment in Bolton on 1/11/2024, valuation was booked 3 days after, received a clean bill of health. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Nottingham and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nottingham conveyancing panel. Are Nottingham entitled to hold back the Mortgage pending the lawyer being on the approved list?

A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.

I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Bolton is where the house is located. Can you offer any opinion?

Flying freeholds in Bolton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bolton you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bolton may ascertain 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 premises.

I am looking at a couple of maisonettes in Bolton both have approximately forty five years left on the lease term. should I be concerned?

There are no two ways about it. A leasehold apartment in Bolton is a wasting asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it reduces the value of the property. The majority of purchasers and lenders, leases with less than 75 years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Bolton conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I am the registered owner of a 2 bed flat in Bolton, conveyancing having been completed March 1999. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Bolton with a long lease are worth £265,000. The ground rent is £50 invoiced every year. The lease expires on 21st October 2099

With only 75 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.