We were just about to exchange contracts for a freehold house in Oxford. We encountered a stumbling block. The mortgage offer with Godiva Mortgages Ltd runs out on 18/3/2026 but the vendors are insisting on a completion date of 20/3/2026. Is it possible to prolong the mortgage offer?
The best person to address this issue is your lawyer who is in a position to determine if they better off negotiating with the lender, vendor’s solicitors, property agents or possibly all parties taking into account the history of your transaction to date.
When does exchange of contracts occur in sale conveyancing in Oxford and am I required to attend the lawyers office?
Where you are round the corner to one of the conveyancing solicitors in Oxford you are invited in to sign the paperwork. That being said, the firms we recommend provide countrywide coverage for conveyancing and provide as equally detailed and professional a job for you when communicating with you digitally. The signing of the contract is not the point of no return. Signing on the dotted line is necessary for the firm to officially exchange at the appropriate time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, 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.
My husband and I have organised the release of further funds on our home loan from Yorkshire BS as we want to conduct a loft conversion to our house in Oxford. Do we need to choose a nearby Oxford solicitor on the Yorkshire BS conveyancing panel to deal with the legals?
Yorkshire BS would not normally instruct a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS list.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Oxford bank branch on a couple of occasions and was told it does not affect the mortgage offer and they would lend. My Oxford conveyancing solicitor - who is on the lender conveyancing panel- called to say that they will not lend in accordance with their published requirements. Who do I believe?
The conveyancer must comply with the Council of Mortgage Lenders’ Handbook Part 2 conditions 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 bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Aldermore have agreed my mortgage in principle, my bid on a house in Oxford has been accepted, what happens next?
Your property agent will need to be informed of your lawyer's details (ensure that the property lawyers are on the lender’s approved list). Telephone Aldermore or the broker and complete any outstanding paperwork. Aldermore will sellect a valuer who will get in touch with the estate agent or vendor to book a time for the valuation to happen. Once carried out (assuming no problems) it takes about ten days for the mortgage offer to be issued. Aldermore will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Oxford.
I'm buying a new build house in Oxford with a loan from The Mortgage Works. The developers would not budge the amount so I negotiated 6k of additionals instead. The house builders rep told me not reveal to my conveyancer about the extras as it would jeopardize my loan with The Mortgage Works. 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 difficult is it to transfer to a new conveyancer as I need to choose one who is on the Bank of Ireland conveyancing panel. I instructed a local conveyancing solicitor in Oxford round the corner but she is not accepted by Bank of Ireland
It would be our pleasure to help you find a conveyancing solicitor in Oxford on the Bank of Ireland panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Oxford. In utilising search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Oxford.
There are a number of solicitors listed on your site but can you recommend a good property lawyer to do the purchase of a flat in Oxford. We are hoping to secure the flat for £240000 with a mortgage from Co-operative. We are in Oxford but dont require the solicitors to be based in Oxford.
LenderPanel.com is limited to being a directory service for conveyancing practitioners who want to be listed as being on the approved conveyancing panel for Co-operative in certain locations for instance Oxford . Our intention is not to recommend any specific conveyancing practitioner.