Forgive me if this question is silly but I am new to the home buying as a 1st time purchaser of a garden flat in South Ruislip. Do I receive the keys to the property on completion from my solicitor? If this is the case, I will use a local conveyancing solicitor in South Ruislip?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the vendor’s solicitors, and shortly after the monies have arrived, you will be able to pick up the keys from the Estate Agents and move into your new home. Usually this occurs between 1 and 3pm.
The mortgage over my property is with Nationwide for my property in South Ruislip. Conveyancing was finalised some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Nationwide?
Nationwide must be informed of your intention in advance of renting your property as this is likely to be a breach of Nationwide’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nationwide directly. It should not be necessary to do this via a Nationwide conveyancing panel lawyer.
I had an offer accepted on a property in South Ruislip on 24/9/2024, valuation was booked 2 days later, received a clean bill of health. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to TSB and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the TSB conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
Just bought a terraced house in South Ruislip , how long will it take for the Land Registry to register my proprietorship? My South Ruislip conveyancing solicitor works at snail pace, so I want to be certain the registration is addressed.
As far as conveyancing in South Ruislip is concerned, registration is no faster or slower than anywhere else in the country. Rather than based on location, timescales can adjust subject to who lodges the application, whether it is in order and if the Land registry must send notices to any third parties. Currently roughly three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be protracted delays. Historically registration occurs once the purchaser is living at the premises so registration formalities is not typically primary concern yet if it is urgent that the the registration takes place urgently then you or your lawyers must communicate with the Registry to express the reasoning for the application to be prioritised.
I opted to have a survey carried out on a property in South Ruislip ahead of retaining lawyers. I have been told that there is a flying freehold element to the house. The surveyor has said that some mortgage companies tend refuse to issue a loan on this type of premises.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in South Ruislip. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in South Ruislip to see if the conveyancing costs will increase in light of this.
I am using a search engine for the term on line conveyancing in South Ruislip it brings up many property lawyerslocally. With so much choice what is the best way to find the suitable property lawyer for the sale of my house?
The best method of seeking the right conveyancer is via personal testimonial, so enquire of friends and relatives who have acquired a property in South Ruislip or the respected estate agent or financial adviser. Fees for conveyancing in South Ruislip vary, so it's advisable to secure at least four estimates from different property lawyers. Make sure that you clarify what costs in the quote includes.
My wife and I are purchasing a garden flat in South Ruislip. At the point of instructing our conveyancing practitioner, they assured us that they were on all major UK lender panels. The financial adviser called today to advise that they are not on the Virgin Money approved list. Were it to be true, what should we do? Should we just find a different lawyer that is on their approved list or should we cover the costs for separate representation, with Virgin Money selecting their own approved lawyer.
When purchasing a property with mortgage finance it is normal for the buyer’s solicitors to also represent the mortgage company. In order to act for a bank or building society a conveyancing practitioner has to be on that lender's list of approved lawyers. An application has to be made by the conveyancer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the property lawyer has to fulfill. Some lenders now require their panel firms to be part of the Law Society’s Conveyancing Quality Scheme. Your lawyer should call Virgin Money and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on Virgin Money's conveyancing panel as you are at liberty to use your preferred South Ruislip lawyers, in which case it will likely add costs, and it may delay matters as you are adding another conveyancing practitioner into the mix.