IfI were to purchase a straightforward propertyin Holborn mortgage fee and have no survey and no conveyancing searches how much could I expect to to save on my conveyancing in Holborn?
The only reduction in fees you would make on is the disbursement for searches. Your lawyer still got to do everything else - money laundering, liaising with the vendors conveyancer, SDLT return, register the title etc. You might save a bit for them not having to register a mortgage but it will not be meaningful.
Do conveyancers ask for money up-front for conveyancing in Holborn?
Where you are retaining lawyers for conveyancing in Holborn your lawyer will ask you put them with monies to cover the the cost of the conveyancing searches. Generally this is called for to cover the fees of the Local Authority Search. If any deposit is payable against the purchase price then this should be asked for shortly before contracts are exchanged. The closing balance that is needed will be payable a few days prior to the day of completion.
I need some fast conveyancing in Holborn as I am faced with pressure to sign on the dotted line in less than 3 weeks. Thankfully I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are not taking a mortgage you are at liberty not to have searches conducted although no law firm would recommend that you don't. With lots of history conveyancing in Holborn the following are examples of issues that can be revealed and therefore impact market value: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
It has been four months following my purchase conveyancing in Holborn took place. I have checked the Land Registry website which shows that I paid £175,000 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 asset 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.
Due to the input of my in-laws I had a survey completed on a house in Holborn before instructing conveyancers. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some lenders will not grant a mortgage on a flying freehold house.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Holborn. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Holborn to see if the conveyancing costs will increase in light of this.