Much to our surprise we have been told by our broker that my Basingstoke solicitor is not on the bank Solicitor panel. What can I do to be certain that this is indeed the case?
The best course of action for you to take is to call your Basingstoke lawyer directly. You lawyer should advise you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
I have been advised by my conveyancer that absentee landlord insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Basingstoke?
The right level of absentee landlord indemnity insurance depends on your lender. It would differ for example between Santander and Barnsley Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
is it true that all Basingstoke conveyancing solicitors on the HSBC conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the HSBC conveyancing panel they would need to be governed by the SRA. The majority of lenders do permit licenced conveyancers on their panel and in that case the firms would be governed by the Council of Licensed Conveyancers.
I am expecting a OIP from Leeds Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Basingstoke solicitors on the Leeds Building Society conveyancing panel, or is it better to go independently?
You will need to appoint Basingstoke solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
three months have elapsed following my purchase conveyancing in Basingstoke completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the advice of my in-laws I had a survey completed on a property in Basingstoke before instructing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor advised that some banks may refuse to give a mortgage on a flying freehold home.
It varies from the lender to lender. Santander has different instructions for example to Halifax. If you e-mail us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Basingstoke. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Basingstoke to see if the conveyancing costs will increase in light of this.
In sourcing the internet for the words cheap conveyancing in Basingstoke it reveals numerous property lawyersin the vicinity. How do I determine which is the suitable solicitor for purchase transaction?
The ideal method of seeking a suitable conveyancer is via personal referral, so seek the opinion of friends and relatives who have bought a property in Basingstoke or the local estate agent or mortgage broker. Fees for conveyancing in Basingstoke vary, so it's advisable to obtain at least three quotes from different conveyancers. Dont forget to clarify what costs in the quote includes.