We are about to sign contracts for a ground floor flat in Oxted. We have hit a problem. The mortgage offer with Bank of Ireland expires on 20/1/2026 but the vendors are putting forward a completion date of 22/1/2026. Can one extend the mortgage offer?
The person best placed to address this issue is your conveyancer who will assess if he or she is should be discussing with the mortgage broker, owner’s conveyancers, estate agents or possibly all parties based on the circumstances your house move as of today.
We wish to acquire a newly converted apartment in Oxted with a residential mortgage from Bank of Ireland.We would like to retain our Oxted conveyancing practitioner but Bank of Ireland advised that she’s not on their approved list of member firms. We have to appoint a Bank of Ireland panel firm or retain our high street solicitor and fork out for a Bank of Ireland panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The home loan offered to you contains various provisions, a common one being that solicitors needs to be on the Bank of Ireland solicitor panel. in the past, most mortgage companies had large numbers of solicitors on their panels: a borrower could find 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
About to purchase a new build apartment in Oxted. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Oxted
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Due to the encouragement of my in-laws I had a survey completed on a house in Oxted before retaining conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some lenders may not issue a mortgage on such a premises.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Oxted. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are FTB’s - had an offer accepted, but the estate agent informed us that the owners will only move forward if we instruct their chosen conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a local conveyancer who is accustomed to conveyancing in Oxted
It is improbable the sellers are driving this. If they require ‘a quick sale', turning down a genuine buyer is is going to put the whole deal at risk. Try to communicate with the owners directly and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you intend to instruct your own,trusted Oxted conveyancing firm - not the ones that will provide the negotiator at the agency a introducer fee or achieve conveyancing thresholds demanded by head office.
I am in the process of purchasing my first home in Oxted. Conveyancing practitioner has been instructed. The mortgage adviser advised that a survey is not appropriate as the property was only built 22 years ago.
You would be best advised to take a Home Buyer's Report. As the property is over 10 years old the property will not come with a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report could be enough. They will highlight any obvious issues and suggest additional investigation where relevant. Where there are any indications of material issues get a comprehensive Building Survey from the beginning.