We were just about to exchange contracts for a ground floor flat in Peckham. We have hit a problem. The loan offer with Norwich and Peterborough Building Society runs out on 6/5/2025 but the owners are insisting on a completion date of 8/5/2025. Can one extend the loan expiry date?

The best person to deal with your issue is your lawyer who is in a position to assess if he or she is corresponding with the mortgage broker, vendor’s solicitors, estate agents or possibly all three given the circumstances your conveyancing as of today.

What does my ID and proof of funds have anything to do with my conveyancing in Peckham? Why is this being asked of me?

You are right in these requests have nothing to do with conveyancing in Peckham. Nowadays you can not complete any conveyancing transaction in the absence providing proof of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Remember if you are providing your driving licence as evidence of identification it must be both the paper element and photo card part, one is not acceptable in the absence of the other.

Verification of the origin of monies is necessary under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer will need to retain this information on record. Your Peckham conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they may also ask additional questions concerning the origin of funds.

Will my conveyancing lawyers need to check that the building insurance when buying a house in Peckham. My lender is Platform

Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 3/3/2025, the requirements read as follows :

Over the last few months I have been searching for a leasehold apartment up to £305k and found one close by in Peckham I like with a park and railway links nearby, however it only has 61 remaining years left on the lease. There is not much else in Peckham suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?

If you need a home loan that many years will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.

Is it possible to switch conveyancer as I have to choose one who is on the Yorkshire Building Society conveyancing panel. I was using a high street conveyancing solicitor in Peckham five minutes from me but the firm is not approved by Yorkshire Building Society

It would be our pleasure to help you select a conveyancing solicitor in Peckham on the Yorkshire Building Society panel. Please note that the law firms that we on the directory do not pay us a referral fee if you instruct them and are regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Peckham. Using the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Peckham.