Unfortunately I am unable to travel far from Bozeat. Please clarify why all Bozeat conveyancing practitioners aren't automatically on all lender panels?

Before the recession most banks exhibited an approach to risk which differs from the current day. The Financial Services Authority in 2010 conducted a thematic review into fraud which concluded: know the conveyancing practitioners on your panel. As a result, banks have subsequently looked to extract more information from law firms concerning their processes and the staff who work for them and set certain criteria such as completing a minimum volume of transactions. Many firms have been removed from lender panels even though they had an exemplary track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms were never going to satisfy the criteria of volume of transactions the mortgage companies insisted on.

In researching online forums for a conveyancing lawyer in Bozeat, many post that I must use a CQS kitemarked solicitor. What is CQS?

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 prudent and efficient conveyancing procedures via the scheme protocol the standard includes numerous organisations who carry out conveyancing in Bozeat.

I used Arc property Solicitors several years ago for my conveyancing in Bozeat. Now, I need my documents but the law firm has closed. What do I do?

Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bozeat of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Bozeat. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Bozeat

Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.

Last October I purchased a leasehold property in Bozeat. Am I liable to pay service charges for periods before completion of my purchase?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Bozeat Conveyancing for Leasehold Flats - Examples of Questions you should ask before Purchasing

Best to be warned whether fixing the lift or some other significant cost is anticipated that will be shared by the leasehold owners and will dramatically increase the the maintenance fees or necessitate a one time payment. In the main the outlay for major works are not included within maintenance charges, albeit that a few managing agents in Bozeat require leasehold owners to contribute towards a sinking fund created for the specific intention of establishing a fund for major repairs or maintenance. Are any of leasehold owners in arrears of their service charge liability?