I'm not sure of the difference between a loft extension and a loft conversion - if there is one. It looks similar to the one shown here except it about half the size and is timber clad.
Because the surveyor questioned the integrity of the loft extension, he has valued the property by about £30K less than the amount offered by the prospective buyers. They are still willing to press ahead with the sale as long as the issue with the loft extension can be resolved.
I am hoping that if the seller can get a Certificate of Lawful Development and also taking into account that extension has remained structurally sound for the last 40 years, that the buyers (and their solicitor) will be satisfied. Once a COLD has been issued, can it be used by any future owner wishing to sell the property?