My colleague recommended that where I am purchasing in Penzance I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is usually included in the estimate for your Penzance conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Penzance around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Penzance Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Penzance Education with plans and statistics, Local Amenities and other useful information regarding Penzance.

How does conveyancing in Penzance differ for newly converted properties?

Most buyers of new build or newly converted property in Penzance contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because house builders in Penzance tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Penzance or who has acted in the same development.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Penzance is the location of the property. Is there any advice you can impart?

Flying freeholds in Penzance are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Penzance you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Penzance may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

Taking into account that I am about to spend over three hundred thousand on a two bedroom apartment in Penzance I would like to talk to a solicitor about mytransaction ahead of appointing the firm. Is this something that you can arrange?

Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor who will be doing your property ownership legalities in Penzance.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter reference. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Penzance should be the amount on the final invoice that you are charged.

I am in need of some leasehold conveyancing in Penzance. Before diving in I would like to find out the remaining lease term.

If the lease is recorded at the land registry - and 99.9% are in Penzance - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Penzance Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing

It would be prudent to discover if the the lease includes any unreasonable restrictions in the lease. For instance it is fairly common in Penzance leases that pets are not allowed in in a block in Penzance. If you love the propertyin Penzance however your dog is not allowed to move with you then you will be presented with a difficult decision. What is the annual service fee and ground rent? How many of the leaseholders are in arrears for their maintenance charge payments?