We are about to exchange contracts for a freehold house in Horley. We have hit a problem. The loan offer with Birmingham Midshires runs out on 9/2/2026 but the sellers are putting forward a completion date of 11/2/2026. Is it possible to prolong the mortgage expiry date?
The best person to deal with your concern is your lawyer who will calculate if they better off negotiating with the bank, owner’s conveyancers, estate agents or indeed all parties based on the circumstances your conveyancing as of today.
My Solicitor in Horley has never been on on the Alliance & Leicester Solicitor Panel. Is it possible for me to retain my prefered solicitor notwithstanding that they are excluded from the Alliance & Leicester panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your preferred Horley lawyers but Alliance & Leicester will need to use a solicitor on their panel. This will inevitably rack up the total legal fees and result in delays.
- Choose an alternative solicitor to to deal with the conveyancing, obviously checking they are Alliance & Leicester approved.
- Try to convince your Alliance & Leicester solicitor to attempt to join the Alliance & Leicester panel
Various online forums that I have frequented warn that are a common reason for delay in Horley house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Horley.
I am looking for a flat up to £195,000 and identified one close by in Horley I like with open areas and transport links in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Horley in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the shortness of the lease will likely be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
Is it simple use the search tool to get a quote from a conveyancing lawyer in Horley on the authorised to act for my lender?
Step one is to pick a lender such as Birmingham Midshires, Skipton Building Society or Aldermore then choose your preferred area a common one being Horley. Conveyancing firms in Horley and across England and Wales should be identified.
In searching the web for the term conveyancing in Horley it brings up many solicitorsin the area. With so much choice what is the best way to find the suitable conveyancing solicitor for me?
The best method of choosing the right conveyancer is via trusted referral, so ask colleagues and relatives who have bought a property in Horley or a respected estate agent or financial adviser. Costs for conveyancing in Horley vary, so it's advisable to obtain at least four fee estimates from different solicitors. Be sure to seek confirmation what costs in the quote includes.