Having spent time reading online forums for an online lawyer in Durham, many advise that I should look for a CQS assured lawyer. Can you explain what CQS is?
The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * compliance with best practice conveyancing processes via the scheme protocol the standard includes many firms who conduct conveyancing in Durham.
This question may be naive but I am unexperienced as FTB of a garden flat in Durham.Do I receive the keys to the premises on the completion date from my solicitor? If this is the case, I will appoint a local conveyancing solicitor in Durham?
On the day of completion you will not be required to attend the conveyancers office in Durham. Conveyancing lawyers for you will electronically transfer the completion advance to the vendor’s solicitors, and once they have received this, you should be called to collect the keys from the property Agents and move into your new home. Usually this happens early afternoon.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one near me in Durham I like with amenity areas and transport links nearby, however it's only got 52 years on the lease. There is not much else in Durham in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the shortness of the lease will be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.