We are about to exchange contracts for a leasehold flat in Surrey. We encountered a problem. The mortgage offer with Lloyds TSB Bank runs out on 23/2/2026 but the vendors are insisting on a completion date of 25/2/2026. Can one extend the loan expiry date?
The person best placed to address this concern is your conveyancer who will hopefully assess if they should be discussing with the lender, owner’s solicitors, estate agents or conceivably all parties taking into account the history of your house move as of today.
I am considering applying for a Nationwide mortgage for purchase of a newly converted (under development) in Surrey with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Nationwide ?
There is nothing to stop you using your solicitor, but Nationwide will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am selling our home in Surrey and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any high street Surrey lawyer would know that there is no such problem. It does beg the question why the purchasers are using a nationwide conveyancing firm as opposed to a conveyancing solicitor in Surrey. We have lived in Surrey for three years we know that this is a non issue. Is it a good idea to contact our local Authority to get clarification that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am buying a new build house in Surrey with a loan from HSBC Bank. The developers would not budge the amount so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not inform my solicitor about the deal as it will jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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 do I use the search facility to locate a conveyancing practitioner in Surrey on the approved list for my lender?
Step one is to choose a lender such as Birmingham Midshires, Coventry Building Society or Clydesdale then specify your location for instance Surrey. Conveyancing practices in Surrey and nationally should be shown.
My father-in-law has urged me to instruct his conveyancing solicitors in Surrey. Should I find my own property lawyer?
No doubt the ideal way to find a conveyancing solicitor is to have guidance from friends or family who have actually experience in using the firm that you are are thinking of instructing.