I have given 2 months notice to my existing landlord and must be out of my rented flat in Penzance by the end of next month. Conveyancing for my house purchase is underway. Can I complete in 5 weeks as don't want to have to find short term accommodation?
Generally one should not give notice on a rental unless your lawyer suggests that you should. If you have not previously done so, notify to your conveyancer and ask them to they seek the assistance the sellers side, try to get a realistic time scale from them that everyone will work to achieve
As a novice what is the most important advice you can impart regarding purchase conveyancing in Penzance?
You may not hear this from too many lawyers but conveyancing in Penzance or throughout England and Wales is an adversarial process. In other words, when it comes to conveyancing there is lots of room for friction between you and others involved in the transaction. For instance, the seller, selling agent and even potentially your bank. Appointing a lawyer for your conveyancing in Penzance should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the transaction whose role it is to look after your legal interests and to keep you safe.
There is a definite creep of a "blame" culture- someone must be at fault for the process taking so long. We recommend that you must always trust your solicitor above the other parties when it comes to the legal assignment of property.
My fiancee and I are at the point of looking at apartments in Penzance and I am now considering a potential offer. Should I already have a solicitor in place at this stage? I will be getting a home loan with Co-operative.
It would be sensible to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. Given that you are seeking a mortgage with Co-operative, make sure you remember to check that your lawyer is on the Co-operative conveyancing panel.
After months of negotiation I have agreed a price on an apartment in Penzance. My mortgage broker suggested a conveyancer. I paid an upfront payment of £225. Not long after, the conveyancer called me to say that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My offer was accepted on an apartment in Penzance on 14/5/2025, valuation was booked 2 days later, all came back fine. Conveyancer instructed, so all that was missing was my mortgage offer. Having made daily calls to Principality and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Principality conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
What can a local search reveal concerning the house we're purchasing in Penzance?
Penzance conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company such as Xpress Legal The local search is essential in every Penzance conveyancing purchase; as long as you don’t want any nasty once you have moved into your property. The search should supply data 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 thirteen subject headings.
I bought my house on 7 March and the transaction details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Penzance advises it will be concluded inside ten days. Are titles in Penzance particularly slow to register?
There is nothing unique when it comes to conveyancing in Penzance registration formalities. Rather than based on location, timeframes can differ subject to the party submitting the application, whether it is in order and whether the Land registry need to notify any interested persons or bodies. Currently roughly 80% of such applications are fully dealt with within 12 days but occasionally there can be longer delays. Registration takes place after the new owner is living at the property therefore registration formalities is not always an essential issue but where it is urgent that the the registration takes place urgently then you or your lawyers must communicate with the Registry to express the reasoning for an expedited registration.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one round the corner in Penzance I like with open areas and station in the vicinity, however it only has 61 years on the lease. There is not much else in Penzance for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.