I am in need of a conveyancer. Should I go for for a web based conveyancer rather than a family Stroud conveyancing solicitor?
On the whole conveyancing lawyers in your neck of the woods will have good alliances with your local authority, which can help with your Stroud conveyancing searches that your conveyancer will inevitably need. It can only assist if they have good relationships with the Local Land Registry Office your area Stroud, other property lawyers in the area and Stroud Estate Agents.
I have 70 years left on my lease and require a lease extension for my flat in Stroud. Conveyancing solicitors on the Virgin panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 29/11/2023 the requirements read as follows :
is it true that all Stroud solicitors on the Nationwide conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Nationwide approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Many mortgage companies do allow licenced conveyancers on their panel and in such a situation the firms would be governed by the Council of Licensed Conveyancers.
I am buying a property in Stroud. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Coventry BS be concerned?
Given that you are obtaining a mortgage with Coventry BS your lawyer must check the formal instructions contained in Part 2 of UK Finance Lenders’ Handbook for Coventry BS. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and lawyers are required to report to Coventry BS where a lease fails to meet these conditions. The requirements relate to the installation of panels on properties nationwide and is not restricted to Stroud.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Stroud bank branch on numerous occasions and was told it wasn't an issue and they would lend. My Stroud conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they would not lend based on their specific requirements. Who do I believe?
Provided that the conveyancing practitioner is on the bank panel, they must follow the Council of Mortgage Lenders’ Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I used Action Conveyancing several years past for my conveyancing in Stroud. I now require my papers however cannot find the solicitor. 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 Stroud of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing a new build house in Stroud with a loan from Chelsea Building Society. The builders would not reduce the amount so I negotiated 6k of additionals instead. The estate agent suggested that I not to tell my conveyancer about the side-deal as it would 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.
I need to find a conveyancing solicitor for some conveyancing in Stroud. I've stumble across a web site which looks to be the ideal solution If there is a chance to get all the legals completed via email that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?