I was advised today by my broker that my Peterlee property lawyer is not on the mortgage company Conveyancing panel. What can I do to check?

Your first step should be to contact your Peterlee lawyer directly. You lawyer should notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.

In reviewing consumer advice sites for an affordable solicitor in Peterlee, many comment that I should instruct a CQS accredited solicitor. What is CQS?

Peterlee Conveyancing Quality Scheme practices have achieved certification under the Law Society's Scheme (CQS) The Law Society established CQS to establish evidence of quality standards in the in the legal transfer of properties. CQS enables buyers and sellers to identify solicitor firms who provide a quality residential conveyancing. Peterlee is one of locations in England and Wales in which CQS have offices. The conveyancing scheme obliges solicitors to undergo a strict assessment, compulsory training, self-certification, spot checks and yearly assessments in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Council of Mortgage Lenders.

Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one round the corner in Peterlee I like with a park and transport links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Peterlee in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you require a home loan that many years will likely be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.

Is it simple use your search tool to choose a conveyancing solicitor in Peterlee on the authorised to act for my lender?

Step one is to select a lender such as Birmingham Midshires, Virgin Money or Godiva Mortgages Ltd then type in your location for example Peterlee. Conveyancing firms in Peterlee and further afield will then be shown.

I have been looking for Peterlee conveyancing quotes online. Can I be assured that all the Peterlee law firms that are listed on your directory are on the mortgage company conveyancing panel?

The law firms listed on our site have assured us via an online form that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Peterlee firm being on the lender conveyancing panel is incorrect.