My husband and I are nearing an exchange on a property in Penzance and my parents have transferred the exchange deposit to my . I am now advised that as the deposit has not come from me my needs to disclose this to my mortgage company. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I informed the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to hold matters up?

The is duty bound to check with lender to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.

I have justbecome aware that Stirling Law have closed. They carried out my conveyancing in Penzance for a purchase of a leasehold flat 10 months ago. How can I be sure that my home is in my name in the name of the previous owner?

The easiest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Penzance conveyancing specialists.

I am buying a new build house in Penzance benefiting from help to buy. The sellers refused to budge the price so I negotiated £7000 of extras instead. The property agent advised me not inform my lawyer about this deal as it could jeopardize my loan with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Should I go with a Penzance conveyancing solicitor based in the location that I am purchasing? An old friend can deal with the conveyancing but they are based a couple of hundredmiles away.

The primary upside of using a local Penzance conveyancing practice is that you can drop in to execute paperwork, hand in your ID and apply pressure on them if necessary. Having local Penzance know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and they were content that should surpass using an unfamiliar Penzance conveyancing lawyer solely due to them being based in the area.

I purchased a 1st floor flat in Penzance, conveyancing having been completed in 1995. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Penzance with a long lease are worth £165,000. The ground rent is £45 yearly. The lease terminates on 21st October 50

With just 50 years left to run we estimate the price of your lease extension to range between £36,100 and £41,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.