3 months have gone by following my purchase conveyancing in Holloway took place. I have checked the Land Registry site which shows that I paid £175,000 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.

I am buying a new build house in Holloway with a mortgage from . The developers would not budge the price so I negotiated £7000 of extras instead. The property agent told me not inform my conveyancer about this extras as it could impact my loan with the bank. Is this normal?.

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.

How do I use the search tool to find a conveyancing practitioner in Holloway on the panel for my bank?

1st choose a bank such as , or then specify your preferred area e.g. Holloway. Conveyancing organisations in Holloway and beyond will then be identified.

Holloway Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing

It is important to be aware if window replacement or some other major work is coming up to be shared by the tenants and may well materially impact the level of the maintenance fees or require a specific payment. Many Holloway leasehold flats will have a service bill for the upkeep of the building levied by the management company. Where you acquire the flat you will have to pay this amount, normally periodically accross the year. This could vary from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common areas. There will also be a rentcharge to be met yearly, this is usually not a exorbitant amount, say around £25-£75 but you need to enquire it because sometimes it could be many hundreds of pounds. Make sure you discover if the the lease includes any adverse restrictions in the lease. For example it is fairly common in Holloway leases that pets are not allowed in in a block in Holloway. If you like the flatin Holloway but your cat can’t make the move with you then you will be presented with a hard compromise.

Myself and my wife have just had an offer accepted on a property and had an appointment on Wednesday with Leeds Building Society for the mortgage. They advised us that when it comes to choosing a that if they are not on their approved list of then we will be subject to an an extra charge of about two hundred pounds. This is is due to the fact that they will then have to select a solicitor to act for them in addition to the one we choose to act on our behalf and we assume responsibility for their costs. I have asked Leeds Building Society to furnish me with a list so I can request quotes only from their approved solicitors but was told they dont have such a list to hand over. Is there a simple way of finding out who is on a lender panel?

You can enquire of Leeds Building Society what their panel criteria is for a conveyancer.Thereafter ask the of your choice whether they meet the criteria and have they acted on mortgages for Leeds Building Society previously. Where the answer to those is yes, then just double check with Leeds Building Society. Another option is to make use of our search tool and we should be able to find you a in Holloway on the panel for Leeds Building Society.