The Stroud conveyancing lawyers that I appointed last week on my house acquisition in Stroud have suddenly closed. They were on acting for me because I needed a firm on the RBS conveyancing panel and my previous Stroud lawyer was not. I sent them a cheque for two hundred pounds in advance. What are my options?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the RBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
What is your number one tip for choosing a conveyancing solicitor in Stroud
Do not opt for the lowest Stroud conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
After months of negotiation I have agreed a price on a house in Stroud. My financial adviser recommended their conveyancers. I paid an on account payment of £150. A couple of days later, the property lawyer called me sheepishly admitting that they were not on the Co-operative 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 Co-operative 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.
My offer was accepted on a property in Stroud on 27/8/2025, valuation was booked 2 days later, received a clean bill of health. Conveyancer instructed, so all that was missing was my mortgage offer. Having made daily calls to Nationwide and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nationwide conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
Will my lawyer be raising enquiries concerning flooding during the conveyancing in Stroud.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Stroud. There are those who buy a house in Stroud, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not best placed to offer advice on flood risk, however there are a various checks that can be undertaken by the buyer or by their solicitors which should give them a better appreciation of the risks in Stroud. The conventional set of completed inquiry forms given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the vendor to determine if the premises has suffered from flooding. In the event that flooding has previously occurred which is not notified by the seller, then a purchaser could bring a claim for damages as a result of such an misleading answer. The purchaser’s lawyers may also conduct an enviro search. This should indicate if there is a recorded flood risk. If so, additional investigations will need to be carried out.
I am purchasing a new build house in Stroud with a mortgage from Lloyds TSB Bank. The sellers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative told me not reveal to my lawyer about the deal as it will adversely affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
We had our mortgage agreed in principle on Monday with our lender. We instructed a local conveyancer in Stroud yesterday. A couple of hours ago, our mortgage adviser called to say that the bank said that we cannot use our solicitor as they aren't on their panel. As novices, we had no idea that the lender had a say Is this permitted?
You can actually select any lawyer you prefer to instruct for your conveyancing in Stroud but if they are not on the your bank's panel you must fork out an extra fee so the mortgage company can appoint their own lawyers. It may be possible your preferred conveyancing firm to get included on to the mortgage company list of approved firms. Do make the most of internet tools such as lenderpanel.com to find a conveyancing solcitor in Stroud on the bank panel. You can go into your high street lender branch in Stroud. They can recommend conveyancing solicitors in Stroud on the approved list.