Can I use your services to locate a Conveyancing solicitor in Penzance even where I’m not purchasing or selling a house, for example where I want to buy a shop in Penzance with a mortgage from Nottingham Building Society?
Our comparison service is predominantly utilised to locate domestic conveyancing solicitors in Penzance but we have set out towards the end of this page a few Penzance commercial conveyancing firms. You should enquire with the firm directly to check if they can also act for Nottingham Building Society
What is the difference between a licensed conveyancer and conveyancing solicitor in Penzance
There are many recorded licenced Conveyancers in Penzance and Solicitor firms in Penzance to choose from It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. They may both also handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I have decided to exercise my right to buy my property in Penzance off the council. I have a mortgage agreed with Lloyds. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Lloyds, you will need to appoint a solicitor on the Lloyds conveyancing panel.
My offer on a detached house in Penzance has been accepted, the vendors do nevertheless have an associated purchase. The vendors have offered on a flat, however it’s not yet tied up, and have viewings of other properties booked. I have selected a high street conveyancing solicitor in Penzance. What should be my next step? At what point do I apply for the mortgage with Principality?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey, Penzance conveyancing search costs, etc). The first course of action is to check that your solicitor is on the Principality approved list. Concerning the next phase this very much dictated by the uniqueness of your case, desire for the property and on the state of the market. During a hot market some purchasers would apply for the mortgage with Principality and arrange for the valuation and only if it was satisfactory would they request their conveyancer to move forward with searches.
I own a semi-detached Georgian house in Penzance. Conveyancing solicitor represented me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the matching address. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Penzance and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing lawyer who conducted the conveyancing.
My business partner and I are planning to take an assignment of a lease of an office on the high street. Can you recommend conveyancers offering no-sale-no fees for non-domestic conveyancing in Penzance for below £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Penzance, including the disposal and acquisition of businesses as well as simply premises. Whether you are intending to buy or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right solicitor. Regarding the costs these will vary based on the structure and complexity of the proposed transaction. Let us have your details or email us so that we may supply you with a fixed commercial conveyancing quote.
Last May I purchased a leasehold property in Penzance. Am I liable to pay service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Penzance Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
-
Who are the managing agents? Generally speaking the outlay for major works tend not to be wrapped into the service charges, albeit that a few managing agents in Penzance require leasehold owners to pay into a sinking fund created for the specific intention of establishing a fund for major works. Does the lease include onerous restrictions?
The lawyers undertaking our conveyancing in Penzance has forwarded documents to review that show the land is unregistered with epitome documents. Why is the property not currently recorded at HM Land Regsitry?
Whilst the vast majorities of properties in Penzance are now registered with HMLR there are still some that are unregistered. Any property in Penzance that has been purchased since the late 1980’s will have been registered at the HMLR under the compulsory ‘first registration’ scheme. However, if a Penzance property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Many Penzance conveyancing solicitors should be able to handle such matters but if any uncertainty reigns the usual proposition nowadays appears to be for the current owners to register the title first and subsequently deal with the transfer to the buyer - this will have a knock on effect to cause a significant delay.