Our Cheetham conveyancer has identified a difference when comparing the surveyor’s assumptions in the valuation report and what is in the title deeds. My solicitor says that he is duty bound to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance appropriate?
Your solicitor must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
We are purchasing a house and require a conveyancing solicitor in Cheetham who is on the Lloyds approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Lloyds . We don't recommend any particular firms conducting conveyancing in Cheetham.
Having spent time scouring online forums for a conveyancing lawyer in Cheetham, most say that I should use a CQS accredited lawyer. Can you explain what CQS is?
Cheetham Conveyancing Quality Scheme practices have achieved accreditation by the law Society CQS was established to establish evidence of quality standards in the in the legal transfer of properties. CQS enables consumers to identify practices who provide a quality residential conveyancing. Cheetham is one of the many areas in England and Wales in which accredited firms are located. The conveyancing scheme obliges law firms to undergo a strict assessment, compulsory training, self-reporting, random audits and yearly assessments in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Building Societies Association.
4 months have gone by since my purchase conveyancing in Cheetham concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a flat up to £245,000 and found one round the corner in Cheetham I like with amenity areas and transport links nearby, however it only has 51 remaining years left on the lease. There is not much else in Cheetham in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage that many years will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
I have been sourcing a conveyancing practitioner in Cheetham for my sale. Is it possible to review a firm’s record with the legal regulator?
Members of the public can search for presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The regulator may recorded call for training requirements.