My husband and I are purchasing a 2 bedroom apartment in Basingstoke with a mortgage. We have a Basingstoke lawyer, however the lender says she’s not on their "panel". It seems we have little choice but to appoint one of the mortgage company panel firms or continue with our Basingstoke conveyancer as well as pay for one of their panel ones to act for them. This feels very unfair; are we not able to demand that the lender use our Basingstoke conveyancer ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Basingstoke conveyancing solicitor to apply to be on the conveyancing panel.
We are about to sign contracts for a semi detached house in Basingstoke. We encountered a snag. Our loan offer with Platform Home Loans Ltd runs out on 16/1/2025 but the owners are putting forward a completion date of 20/1/2025. Is it possible to prolong the loan offer?
The best person to address this question is your solicitors who should calculate whether he or she is better off negotiating with the mortgage company, vendor’s conveyancers, estate agents or conceivably all parties taking into account the circumstances your house move as of today.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The conveyancers who handled the conveyancing in Basingstoke 10 years ago no longer exist. What are my next steps?
You no longer need to have the physical original deeds to prove you own the land or premises, given that the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Basingstoke differ for newly converted properties?
Most buyers of new build property in Basingstoke approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because developers in Basingstoke typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Basingstoke or who has acted in the same development.
Am I better off to go with a Basingstoke conveyancing lawyer in close proximity to the house I am buying? We have a good friend who can deal with the legal work however they are based approximately 350kilometers drive away.
The primary upside of using a local Basingstoke conveyancing firm is that you can drop in to execute paperwork, deliver your identification documents and apply pressure on them where appropriate. Having local Basingstoke know how is a plus. However it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and they were impressed that must surpass using an unfamiliar Basingstoke conveyancing solicitor just because they are Basingstoke based.
We are in the process of buying a apartment in Basingstoke. Conveyancing is not over but we wish to have the amount we are are purchasing for confidential from the likes of Zoopla. How can this be done?
The Land Registry as a matter of law obliged to specify price paid data on the official title for residential properties nationwide including premises in Basingstoke. The Title Register is an open document, so HM Land Registry would be breaking the law excluded specific homes such as your one in Basingstoke.
You can ask HMLR to hide the price paid entry but the response would be a No.