We are a couple about to exchange contracts for a garden flat in Worthing. We have hit a stumbling block. The loan offer with TSB runs out on 30/9/2026 but the sellers are putting forward a completion date of 2/10/2026. Is it possible to extend the mortgage expiry date?
The best person to deal with your issue is your lawyer who is in a position to calculate if he or she is corresponding with the mortgage broker, vendor’s conveyancers, estate agents or conceivably all parties based on the history of your conveyancing as of today.
Have just purchased a repossessed house at auction in Worthing. Conveyancing is required. What are my next steps?
Given that you have now to in every practical sense signed on the dotted line you must find a conveyancing lawyer as a matter of priority as you are faced with a fast approaching a fixed date to complete the conveyancing. All auction property should have a bespoke auction set of papers. This should include the copy title deeds, local authority and drainage searches. In the case of leasehold premises the conveyancing papers should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to leasehold premises. You need to give this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding in place to complete the transaction on the set completion date.
When it comes to lenders such as Virgin Money, do Worthing solicitors have to pay a fee to be on the list of approved solicitors?
We are unaware of any lender fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
My fiancee and I are in the throws of looking at flats in Worthing and I am now considering a potential offer. Is it best to have my property lawyer on ‘stand by’? I intend to finance via a home loan with Bank of Ireland.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. As you are getting a mortgage with Bank of Ireland, ask your prospective lawyers if they are on the Bank of Ireland conveyancing panel otherwise they can't do the mortgage legal work.
Will my lawyer be raising questions concerning flooding during the conveyancing in Worthing.
The risk of flooding is if increasing concern for solicitors dealing with homes in Worthing. Plenty of people will acquire a property in Worthing, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to impart advice on flood risk, but there are a numerous checks that may be initiated by the purchaser or on a buyer’s behalf which can figure out the risks in Worthing. The standard information sent to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the seller to determine whether the premises has historically flooded. In the event that the residence has been flooded in past and is not disclosed by the vendor, then a buyer may commence a claim for damages resulting from an incorrect answer. A buyer’s lawyers should also order an environmental report. This will disclose whether there is any known flood risk. If so, further investigations should be carried out.
Due to the advice of my in-laws I had a survey completed on a property in Worthing in advance of instructing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some banks tend refuse to grant a mortgage on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. If you call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Worthing. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Worthing to see if the conveyancing will be more expensive.
My business partner and I are planning to take over a lease of a shop on a shopping parade. Can you recommend conveyancers offering no-sale-no charges for non-domestic conveyancing in Worthing for below £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Worthing, including the sale and acquisition of businesses as well as simply property. Whether you are looking to buy or lease a shop, pub, restaurant, office, retail premises or a whole business we will find you the right solicitor. Regarding the fees this will depend on the structure and nuances of the deal. Let us have your details or email us so that we may supply you with a detailed commercial conveyancing quote.
I have selected a Worthing conveyancing solicitor for our home move (first time buyers) and have spotted in the Ts and Cs that they are not covered by the FCA. Am I right to be worried or is that the norm with lawyer?
We can't see why they should be. Most conveyancer don't lend money. They will be governed by the SRA, who dictate specific laws in relation to amounts held on client account.