We were just about to exchange contracts for a ground floor flat in Sanderstead. We have hit a snag. The loan offer with Godiva Mortgages Ltd expires on 27/11/2026 but the sellers are insisting on a completion date of 1/12/2026. Is it possible to prolong the mortgage expiry date?
The best person to address this concern is your lawyer who should determine whether they corresponding with the mortgage company, seller’s conveyancers, selling agents or indeed all parties taking into account the circumstances your house move to date.
Do all mortgage companies provide you with an approved list of Sanderstead conveyancing solicitors? How do you know who is on the Aldermore conveyancing panel?
Sanderstead conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
My flat in Sanderstead is up for sale and I have accepted an offer. Does my lawyer have to be on the HSBC conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the HSBC conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
I'm buying my first flat in Sanderstead with the aid of help to buy. The sellers would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not reveal to my solicitor about this side-deal as it will adversely affect my mortgage with the bank. Should I keep quiet?.
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 UK Finance website. UK Finance 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Sanderstead ahead of instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some banks tend refuse to grant a mortgage on this type of house.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to telephone us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Sanderstead. Conveyancing will be smoother if you use a solicitor in Sanderstead especially if they are familiar with such properties in Sanderstead.
My work colleague mentioned that before choosing a conveyancing firm they need approved by your lender. This is my first house move but I have an offer in principle with Nat West Bank and I already have a family conveyancing solicitor in Sanderstead on standby. Will HSBC require an approved solicitor to be instructed? Does a list of approved solicitors even exist so I can choose a conveyancing lawyer in Sanderstead?
You should use a solicitor that is on the HSBC panel. Just ring your chosen Sanderstead conveyancing lawyer and ask if they are on the HSBC panel. If they are not on the panel you have a couple of options available to you here:
- Proceed with your preferred Sanderstead property lawyer but HSBC will undoubtedly instruct a conveyancing practitioner on their approved list. This will result in additional charges and potential frustration.
- Choose a new property lawyer to act in the purchase, not forgetting to check that they are on the HSBC conveyancing panel.
- Convince your solicitor to pull out all the stops to get listed on the HSBC conveyancing panel.