What does my ID and proof of funds have anything to do with my conveyancing in Basingstoke? Why is this being asked of me?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the ID of the potential client they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you are required to sign should stipulate this. Your lender will also require certain documents to be viewed. If you refuse to supply ID verification documents, your conveyancer would not be able to act for you.
Do I need to pay for insurance to cover chancel repairs when purchasing a house in Basingstoke?
Unless a previous acquisition of the premises completed after 12 October 2013 you can take it that conveyancing practitioners handling conveyancing in Basingstoke to continue to suggest a chancel search and or chancel repair liability insurance.
five months have gone by since my purchase conveyancing in Basingstoke completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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.
How does conveyancing in Basingstoke differ for new build properties?
Most buyers of new build or newly converted property in Basingstoke come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is constructed. This is because house builders in Basingstoke usually acquire 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 property lawyers 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.
I decided to have a survey done on a property in Basingstoke prior to retaining solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies will not issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed 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.
I am four weeks into a freehold purchase having been directed to solicitors by the local agent to handle our conveyancing in Basingstoke. I am am extremely frustrated with the quality of service. Can you help me find new solicitors?
A solicitor would have to be very poor to suggest replacing them. Has the mortgage offer been issued? If so you must make them aware of the new contact details and have the mortgage documents are issued to the new lawyers. The conveyancer should be on the mortgage company approved list to avoid escalating fees and complications. So that should be your first question of the new lawyers. The search tool should assist you in finding a lender approved lawyer for your conveyancing in Basingstoke