We are about to sign contracts for a freehold house in Pagham. We encountered a stumbling block. Our loan offer with Virgin Money runs out on 13/10/2025 but the vendors are putting forward a completion date of 15/10/2025. Is it possible to prolong the loan offer?
The person best placed to address this issue is your conveyancer who should calculate if they corresponding with the lender, vendor’s lawyers, selling agents or indeed all three based on what has gone on in your transaction to date.
What does a local search inform me about the property my wife and I buying in Pagham?
Pagham conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for instance Xpress Legal The local search is essential in every Pagham conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The conveyancers who did the conveyancing in Pagham 4 years ago no longer exist. What are my options?
Nowadays there are copies made of almost everything, and your lawyer should be aware exactly where to find all the appropriate documentation so you may purchase or dispose of your house without a hitch. If duplicates can’t be found, your lawyer can arrange cover in the form of insurance or indemnities against possible claims on your premises.
I'm purchasing my first flat in Pagham with a loan from Nationwide Building Society. The developers refused to move on the price so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not to tell my solicitor about this side-deal as it may impact my mortgage with Nationwide Building Society. 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.
I'm remortgaging my primary house to a BTL mortgage with Virgin Money and intend to use the remaining equity towards another property. The location we are looking at is Pagham. Will your conveyancers be able to act for the two lenders and link together the two deals?
Make use of our search tool on this site to be sure that the conveyancers are on the appropriate lender panels. Having checked that they are the lawyer will be able to simultaneously deal with the two conveyancing matters but you should talk with you conveyancer and specify your expectations and requirements.
Can you offer any advice when it comes to appointing a Pagham conveyancing firm to deal with our lease extension?
When appointing a solicitor for lease extension works (regardless if they are a Pagham conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you speak with two or three firms including non Pagham conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be helpful:
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If they are not ALEP accredited then what is the reason?
Pagham Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing
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Who is in charge of the building? Are there any major works in the planning that will likely add a premium to the service fees? You should be aware if it is no more than eighty years it will impact the salability of the property. It is worth checking with your bank that they are content with residual term of the lease. Leases with less than 80 years remaining means that you will almost definitely have to extend the lease sooner rather than later and it is worth discovering how much this would cost. For most Paghamlease extensions you will need to own the property for 24 months before you are eligible to exercise a lease extension.