Find a Basingstoke Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Basingstoke? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Basingstoke transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Basingstoke conveyancers for over 130 lenders.

Recently asked questions about conveyancing in Basingstoke

I am in the process of selling my apartment in Basingstoke and the estate agent has just text me to warn that the buyers are changing their conveyancer. The reason given is that the mortgage company will only engage with solicitors on their approved list. On what basis would a big named mortgage company only engage with certain solicitors rather the firm that they want to appoint for their conveyancing in Basingstoke ?

Banks have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for more than 15 years.

Banks attribute this action to a rise in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are not going to have any impact on this.

Do the conveyancing lawyers indexed on your site carry out right to buy conveyancing in Basingstoke?

We do have plenty of conveyancing lawyers who can handle right to buy transactions Do call the conveyancers listed in order to obtain a conveyancing quote.

I am purchasing my first flat in Basingstoke with a mortgage from Aldermore. The builders would not reduce the amount so I negotiated 6k of extras instead. The sale representative told me not to tell my solicitor about this deal as it may jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer 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've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Basingstoke is the location of the property. Can you offer any guidance?

Flying freeholds in Basingstoke are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Basingstoke you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Basingstoke may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

My husband and I are novice buyers - had an offer accepted, yet the property agent informed us that the seller will only go ahead if we appoint the agent's preferred solicitors as they want an ‘expedited deal’. We would rather use a family conveyancer used to conveyancing in Basingstoke

We suspect that the seller is not behind this ultimatum. If they desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is counter productive. Speak to the owners direct and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to appoint your own,trusted Basingstoke conveyancing firm - rather thanthose that will provide their estate agent a referral fee or achieve conveyancing figures demanded by HQ.

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Find out more about how flying freehold can affect your the value of a property.