Can you explain why leasehold purchase conveyancing in Penzance costs more?

In short, leasehold conveyancing in Penzance and Cornwall usually warrants extra work compared to freehold conveyancing. This includes reviewing the lease, communicating with the landlord about the service of required notices, obtaining current service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.

We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would prefer to use a Penzance based conveyancing firm?

Do check but the the likelihood is that appoint one of their panel lawyers if you want the "fee-free" incentive. Speak to the bank and see if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Penzance.

I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a property in Penzance? or I am told that there is an ancient law that could mean that homeowners living in a parish church boundary will be compelled to pay for repairs to the chancel in proximity to the church. Is this applicable for conveyancing in Penzance?

Unless a prior acquisition of the house took place after 12 October 2013 you may assume that lawyers delivering conveyancing in Penzance to remain recommending a chancel search and or insurance against a claim.

Despite weeks of looking the Title Certificate and documents to our house are lost. The solicitors who conducted the conveyancing in Penzance 5 years ago have long since closed. What are my options?

These day there are duplicates made of almost everything, and your lawyer will be aware exactly where to find all the suitable paperwork so you may buy or sell your house without any difficulty. If copies can’t be found, your conveyancer may be able to put in place insurance or indemnities protecting you against possible claims on the property.

I have selected a Penzance conveyancing solicitor for our house purchase (novice purchasers) and have picked up in the terms and conditions that they are not covered by the Financial Conduct Authority. Am I right to be concerned or is that usually the case with conveyancer?

We can't see why they should be. Most conveyancing practitioner don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who set specific stipulations covering funds deposited in their bank.