AssumingI was to buy a freehold propertyin High Holborn mortgage fee and have no survey and no local authority searches how much would I expect to have to pay for conveyancing in High Holborn?
Any savings you would gain would be limited to the High Holborn conveyancing searches. The solicitor still be obliged to do everything else - money laundering, liaising with your vendors conveyancing practitioner, stamp duty submission, register the ownership etc. A slight saving might be made by not having to register a mortgage however it will not be meaningful.
Why do I have to pay up front for conveyancing in High Holborn?
Where you are retaining lawyers for conveyancing in High Holborn your lawyer will ask you to provide them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the total price then this will be asked for shortly ahead of contracts are exchanged. The final balance that is needed will be payable a couple of days ahead of the day of completion.
4 months have gone by following my purchase conveyancing in High Holborn concluded. I have checked the Land Registry site which shows that I paid £150,000 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 property 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 am buying my first flat in High Holborn benefiting from help to buy. The sellers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not disclose to my conveyancer about the deal as it will affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Do I stop my mortgage payments with Clydesdale once a completion date for my home sale in High Holborn has been agreed?
No, you should maintain paying any mortgage payments to Clydesdale pending the mortgage being redeemed on completion as part of your High Holborn conveyancing.