Our Rothley conveyancer has discovered a difference when comparing the information in the home valuation report and what is revealed within the conveyancing documents. My solicitor informs me that he needs to ensure that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s approach appropriate?

Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications 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 wanted to use a conveyancing solicitor in Rothley for our house purchase. Our broker informed us that our mortgage lenders Bank of Ireland won't deal with them. Why is this not regarded as unduly restrictive?

Banks tend to restrict either the type or the volume of conveyancing firms on their panel. Typical examples of such criteria being that a firm must have two or more partners. In addition to restricting the type of firm, some have reduced the amount of solicitor practices they permit to act for them. Be aware that Bank of Ireland have no responsibility for the quality of advice provided by any member of Bank of Ireland Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of solicitor panels since 2008 even though there remains mixed opinions regarding the level of solicitor involvement in some of that fraud. Figures from the Land Registry indicate that plenty of law firms, including some in or near Rothley only execute very few conveyances a year.

Me and my partner are buying a flat in Rothley. I might seem paranoid but how we can trust a conveyancer? On completion day we have to put our life savings into their account. What is the protection we have from them run away with our deposit?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

My wife and I have organised the release of further funds on our mortgage from Lloyds as we intend to conduct a loft conversion to our house in Rothley. Are we obliged to appoint a bricks and mortar Rothley solicitor on the Lloyds conveyancing panel to deal with the paperwork?

Lloyds would not normally appoint a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds panel.

I recently had an offer agreed on a house in Rothley. My financial adviser recommended their conveyancers. I paid an on account payment of £225. A few days later, the lawyer called me to say that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who handled the conveyancing in Rothley 5 years ago no longer exist. What are my options?

These day there are copies made of almost everything, and your conveyancer should be aware precisely where to look for all the suitable documentation so you may buy or dispose of your property without a hitch. If duplicates can’t be found, your conveyancer may be able to put in place insurance or indemnities protecting you against future claims on the premises.

Planning to sign contracts shortly on a garden flat in Rothley. Conveyancing lawyers assured me that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Rothley should include some of the following:

What the implications are if you are in breach of your lease terms? Defining your rights in relation to the communal areas in the building.E.G., does the lease permit a right of way over an accessway or staircase? Advice concerning the obligations as set out in the lease to pay service charges - in relation to the building, and the more general rights a lessee has Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? The length of the lease term. You should be advised as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years

Leasehold Conveyancing in Rothley - A selection of Questions you should consider Prior to buying

If a Rothley lease has less than eighty years it will affect the salability of the apartment. It is worth checking with your mortgage company that they are happy with residual term of the lease. A short lease means that you will probably have to extend the lease at some point and you need to have some idea of how much this will be. For most Rothleylease extensions you will need to own the premises for two years before you are legally able to carry out a lease extension. Best to be warned whether fixing the lift or some other major work is anticipated to be shared amongst the tenants and will dramatically increase the the maintenance fees or result in a one off invoice. Is there a share of the freehold?