The vendors of the home we are hoping to buy have instructed a conveyancing practitioner in Finsbury Park who has recommended a preliminary contract with a non-refundable deposit of 5k. Is it wise to enter into such agreements?

This form of agreement isn't common in Finsbury Park, conveyancers will often direct clients away from them as they divert attention from the main conveyancing focus and if you end up losing your deposit then the lawyer at best left with an upset client and at worst a litigious one. Furthermore, there is no assurance that just because the seller has signed a lock out agreement they will sell to you. They may breach the agreement if they receive a large enough offer to do so because a wronged claimant with the benefit of a exclusivitycontract will still be obliged establish consequential losses from the breach and this may not equate the financial benefit that your seller may secure by reneging on the contract, no matter how morally shameful it undoubtedly is.

We note that you have a post code search directory identifying law firms on the RBS conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Finsbury Park?

We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Finsbury Park.

I just acquired a property at auction in Finsbury Park. Conveyancing is required. What happens now?

Now that you have exchanged you now have to hire the services of a conveyancing solicitor as a matter of urgency as you are facing a fast approaching deadline in which to complete the transaction. An auction property will have a corresponding legal pack. This will likely include evidence of title and search results. Where you are dealing with leasehold premises the legal papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You should hand this to your appointed conveyancing solicitor ASAP. Do make sure that that you have the requisite funding in order to complete the transaction on the set completion date.

Forgive me if this question is silly but I am unexperienced as FTB of a two bedroom flat in Finsbury Park. Do I receive the keys to the property on completion from my conveyancer? If so, I will find a local conveyancing solicitor in Finsbury Park?

There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the owner’s solicitors, and once they have received this, you should be invited to receive the keys from the selling Agents and move into your new home. Usually this happens early afternoon.

We are getting the release of further funds on our mortgage from Bank of Ireland as we want to conduct renovations to our house in Finsbury Park. Are we obliged to choose a nearby Finsbury Park solicitor on the Bank of Ireland conveyancing panel to deal with the paperwork?

Bank of Ireland would not normally appoint a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Bank of Ireland conveyancing panel.

How does conveyancing in Finsbury Park differ for newly converted properties?

Most buyers of new build residence in Finsbury Park contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in Finsbury Park usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Finsbury Park or who has acted in the same development.

We are in the process of purchasing a house in Finsbury Park. Could our solicitor have the amount we are are buying for a secret from sites such as Nestoria. How can this be done?

HMLR are legally required to reveal price paid information on the official title for domestic properties countrywide including homes in Finsbury Park. The Title Register is a public document, so HMLR would be breaking the law if they failed to allow access to the register.

You can make a request of HMLR to withhold the amount paid entry yet the response will be in the negative.