I plan on acquiring a leasehold flat in Finsbury Park. My Solicitor has never been on on the bank approved list. Can I still retain my Finsbury Park conveyancing solicitor notwithstanding that they are not on the lender list of approved lawyers?

You must use a solicitor to deal with the formalities if you need a mortgage to purchase your home. The solicitor will conduct all the essential legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the required mortgage paperwork is in order. You may instruct a Finsbury Park solicitor of your choosing. Nevertheless, if the conveyancer appointed is not on the lender approved list supplemental fees will arise as separate legal representation will be required by them. Lender panel applications may be submitted, so if your conveyancer has not in the past sought membership they should do so.

My husband and I intend to purchase a purpose built flat in Finsbury Park with a residential mortgage from Bank of Ireland.We use our Finsbury Park conveyancing practitioner but Bank of Ireland says his firm is not listed on their approved list of firms. we are left little option but to use a Bank of Ireland panel solicitor or keep our high street solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?

Unfortunately,no. The mortgage issued to you is subject to its terms and conditions, a common one being that conveyancers needs to be on the Bank of Ireland approved list. in the past, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Bank of Ireland

Are there restrictive covenants that are commonly identified during conveyancing in Finsbury Park?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Finsbury Park. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I'm buying my first flat in Finsbury Park benefiting from help to buy. The builders would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not disclose to my lawyer about the deal as it may put at risk my loan with Lloyds TSB Bank. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer 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.

I need to retain a conveyancing solicitor for remortgage conveyancing in Finsbury Park. I happened to stumble across a web site which appears to be the perfect answer If it is possible to get all formalities completed via phone that would be ideal. Do I need to be wary? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?