We are a couple about to sign contracts for a freehold house in Oxford. We encountered a snag. Our loan offer with Birmingham Midshires runs out on 18/3/2026 but the sellers are insisting on a completion date of 20/3/2026. Is it possible to prolong the loan offer?
The person best placed to address this question is your conveyancer who is in a position to assess if they corresponding with the mortgage company, owner’s lawyers, estate agents or possibly all parties given the history of your transaction as of today.
At what point will exchange of contracts occur in purchase conveyancing in Oxford and am I required to be at the solicitors branch?
If you are in close proximity to one of the conveyancing solicitors in Oxford you are invited in to sign contracts. However, the law practices we work with supply a nationwide conveyancing service and give as equally diligent and professional a job for you when communicating with you electronically. The signing of the sale agreement is not when everything is set in stone. Signing on the dotted line is necessary for the solicitor to address the formalities at the appropriate time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Oxford)to be in the office at the appropriate time.
We are getting the release of further funds on our mortgage from HSBC as we intend to carry out improvements to our property in Oxford. Are we obliged to select a bricks and mortar Oxford solicitor on the HSBC conveyancing panel to handle the paperwork?
HSBC do not ordinarily appoint a member of their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC list.
It is unclear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Oxford building society branch on numerous occasions and was told it does not impact the mortgage offer and they will lend. My Oxford conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend in accordance with their published requirements. I simply don't know who is right.
The solicitor has to follow the Council of Mortgage Lenders’ Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Santander have agreed my home loan in principle, my offer on a house in Oxford has been agreed to, what happens next?
The property agent will wish to know who your solicitors are (ensure that the lawyers are on the lender’s panel). Telephone Santander or your financial adviser and finish off any outstanding documentation. Santander will sellect a valuer who will get in contact with the estate agent or owners to schedule a slot for the valuation to occur. Once carried out (assuming no problems) it takes approximately ten days to receive the mortgage offer. Santander will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Oxford.
I am purchasing a new build house in Oxford with a mortgage from Skipton Building Society. The sellers would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative told me not inform my solicitor about this side-deal as it could impact my mortgage with the lender. Is this normal?.
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.
How simple is it to change solicitor as I have to retain a firm on the Nationwide Building Society conveyancing list. I instructed a local conveyancing solicitor in Oxford round the corner but the firm is not accepted by Nationwide Building Society
We will our best to assist in finding you a conveyancing solicitor in Oxford on the Nationwide Building Society panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Oxford. In making use of the find a conveyancing solicitor tool on this site, you can scrutinise charges for conveyancing solicitors in Oxford and beyond.
Me and my wife are looking at buying our first property in Oxford. Is it possible for you to recommend a good Oxford conveyancer that would represent us as well as act for Leeds Building Society?
LenderPanel.com is restricted to being a directory service for property lawyers who want to be listed as being on the approved conveyancing panel for Leeds Building Society in certain areas such as Oxford . We dont recommend any particular solicitor.