CQS
-
CQS Purchase of a Leasehold Policy
The Law Society’s Conveyancing Quality Scheme (CQS) establishes key management standards for leasehold property transactions, focusing on financial implications, ground rents, marketability, extended mortgage terms, management information, referrals, and building safety procedures. Comprehensive reporting ensures clients are well-informed about lease liabilities and obligations prior to exchange.
-
The Pandemic Induced Panel Cull
Research indicates the UK property market may face a significant value decline and increased repossessions due to a COVID-19 recession. Conveyancing firms could suffer, facing scrutiny from lenders focused on offsetting losses. Proactive lender compliance audits are suggested as a means to mitigate risks and ensure firm resilience in challenging times.