We were just about to sign contracts for a semi detached house in Surrey. We encountered a problem. Our mortgage offer with Britannia runs out on 20/4/2026 but the owners are putting forward a completion date of 22/4/2026. Is it possible to extend the mortgage expiry date?
The person best placed to deal with your issue is your conveyancer who will determine whether they corresponding with the lender, seller’s representatives, property agents or conceivably all parties taking into account the circumstances your house move to date.
We were going to get a OIP from Yorkshire BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Surrey solicitors on the Yorkshire BS conveyancing panel, or is it better to go independently?
You will need to appoint Surrey solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
I am due to exchange contracts on my apartment. I had a double glazing fitted in November 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Santander are being problematic. The Surrey solicitor who is on the Santander conveyancing panel is saying indemnity insurance will be fine but Santander are insisting on a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Coventry BS have agreed my mortgage in principle, my bid on a house in Surrey has been agreed to, now what?
The estate agent will wish to know who your solicitors are (be sure the conveyancers are on the lender’s approved list). Contact Coventry BS or the financial adviser and finalise any outstanding documentation. Coventry BS will sellect a valuer who will get in contact with the estate agent or seller to book a time for the valuation to happen. Once conducted (assuming no problems) it takes approximately ten days to get a mortgage offer. Coventry BS will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Surrey.
We are planning on selling our house in Surrey and the buyers lawyers are claiming 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 an internet conveyancing practice as opposed to a conveyancing solicitor in Surrey. We have lived in Surrey for six years we know that this is a non issue. Do we contact our local Authority to seek confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You need to 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 life insurance to cover that same ailment)
I am buying my first flat in Surrey benefiting from help to buy. The builders would not move on the price so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not reveal to my lawyer about this extras as it would put at risk my loan with Clydesdale. Is this normal?.
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.
I am using a search engine for the words conveyancing in Surrey it reveals numerous conveyancersin the vicinity. With so much choice what is the best way to find the suitable conveyancer for my move?
The ideal method of choosing the right conveyancer is through a trusted testimonial, so enquire of colleagues and those you trust who have purchased a property in Surrey or the reputable estate agent or mortgage broker. Charges for conveyancing in Surrey vary, so it's a good idea to secure at least four fee calculations from different law firms. Make sure that you clarify what costs in the quote includes.
I want to rent out my leasehold apartment in Surrey. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
Even though your previous Surrey conveyancing solicitor is no longer available you can check your lease to check if you are permitted to let out the property. The rule is that if the lease is non-specific, subletting is allowed. There may be a precondition that you are obliged to seek consent via your landlord or other appropriate person before subletting. This means that you cannot sublet without first obtaining permission. The consent should not be unreasonably withheld. If the lease prohibits you from subletting the property you will need to ask your landlord for their consent.
I invested in buying a garden flat in Surrey, conveyancing was carried out in 2001. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Surrey with an extended lease are worth £201,000. The average or mid-range amount of ground rent is £45 levied per year. The lease runs out on 21st October 2091
With just 65 years unexpired we estimate the premium for your lease extension to range between £13,300 and £15,400 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.