My wife and I are due to complete buying a house in Finsbury Park but as a consequence of wreckage from the recent storms I have managed to agree compensation from the current proprietors of £2k in the form of a deduction in the price. This was going to be dealt with as part of a side agreement but Skipton will not agree to this. Should they have been involved?

Your lawyer being on a Skipton conveyancing panel is duty bound to advise Skipton of any changes to the purchase price. If you prohibit your lawyer to disclose the reduction to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new lawyer for your conveyancing in Finsbury Park.

Should my conveyancer be raising enquiries about flooding as part of the conveyancing in Finsbury Park.

The risk of flooding is if increasing concern for lawyers dealing with homes in Finsbury Park. There are those who buy a property in Finsbury Park, fully aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.

Solicitors are not best placed to offer advice on flood risk, however there are a numerous checks that can be undertaken by the buyer or by their lawyers which will figure out the risks in Finsbury Park. The conventional set of completed inquiry forms given to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the owner to discover if the property has suffered from flooding. If the premises has been flooded in past and is not revealed by the vendor, then a buyer could issue a legal claim for losses resulting from an misleading response. The buyer’s conveyancers should also carry out an enviro report. This will reveal whether there is any known flood risk. If so, more detailed investigations will need to be made.

I bought my apartment on 7 June and my personal details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Finsbury Park expressed confidence that it would be dealt with inside ten days. Are transfers in Finsbury Park particularly slow to register?

As far as conveyancing in Finsbury Park is concerned, registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timeframes can adjust depending on who lodges the application, whether it is in order and if the Land registry must send notices to any third parties. At present in the region of 80% of such applications are fully addressed within 12 days but some can be subject to extensive hold-ups. Historically registration takes place once the purchaser is living at the premises so registration formalities is not always top priority yet if it is urgent that the the registration takes place urgently then you or your lawyers should speak with the land registry and explain the circumstances.

Over the last few months I have been searching for a flat up to £245,000 and identified one near me in Finsbury Park I like with a park and railway links in the vicinity, however it's only got 49 years unexpired on the lease. I can't really find anything else in Finsbury Park suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you need a home loan that many years may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.

I am thinking of using an online conveyancing practitioner as opposed to a Finsbury Park conveyancing firm. Am I making a mistake?

There are advantages of being able to visit a local Finsbury Park conveyancing solicitor for example

• signing papers and and when necessary
• sometimes being able to speak to someone face-to-face can make a significant difference, particularly for more complex transactions
• the ability to raise concerns if matters go pear-shaped

When analysing quotes, look out for hidden extras. Most decent Finsbury Park high street solicitors give an all-inclusive figure. Often online companies appear to offer cheap fees, but have hidden 'extras' in the in the terms and conditions.