Forgive me if this question is silly but I am unexperienced as FTB of a two bedroom flat in South West London. Do I receive the keys to the premises on the completion date from my lawyer? If so, I will appoint a local conveyancing solicitor in South West London?
On the day of completion you will not be required to attend the conveyancers office in South West London. Conveyancing lawyers for you will transfer the purchase money to the owner’s solicitors, and once they have received this, you should be able to receive the keys from the property Agents and move into your new home. Usually this occurs between 1 and 3pm.
We previously appointed conveyancers located in South West London on the Coventry BS solicitor panel. They are now charging me a separate fee for the legal aspects of the Coventry BS mortgage. Is this an additional conveyancing fee set by Coventry BS?
Provided it is contained in their Terms and Conditions or Quote then yes your conveyancing practitioner can charge a fee for this. This charge is not set by Coventry BS but by your South West London conveyancer. Plenty of firms on the Coventry BS panel will quote an ‘acting for lender’ fee and others do not.
I have a mortgage with RBS for my property in South West London. Conveyancing was finalised a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform RBS?
Your original mortgage agreement with RBS will provide that you need their approval in advance of letting out your property as this is likely to be a breach of RBS’s mortgage conditions. It may be that RBS 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 RBS directly. You need not do this via a RBS conveyancing panel lawyer.
I need some fast conveyancing in South West London as I have pressure to sign on the dotted line within 4 weeks. Fortunately I do not require a mortgage. Can I avoid the conveyancing searches to save fees and time?
As you are not getting a mortgage you have the choice not to have searches conducted although no lawyer would advise that you don't. With plenty of history conveyancing in South West London the following are instances of issues that can be revealed and adversely affect future mortgageability: Enforcement Actions, Overdue Charges, Overdue Grants, Road Schemes,...
It has been 2 months since my purchase conveyancing in South West London concluded. I have checked the Land Registry website which shows that I paid £200,000 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 premises 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.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. South West London is the location of the property. Is there any guidance you can impart?
Flying freeholds in South West London are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in South West London you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South West London 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 premises.
Would local authority permission be needed to change a single dwelling into multiple flats in South West London? This has taken place to a house opposite to my home in South West London and was ignorant of the conversion until the works were done.
Planning Permission yes. Building Regulations yes.