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Peterborough Conveyancing Statistics*

  • 1 91% freehold and 9% leasehold conveyancing in Peterborough for this year to date
  • 2 Percentage of cases in Peterborough that are buy to let is 20%
  • 3 Average time from start to completion was 57 days for conveyancing in Peterborough
  • 4 June was the busiest month and July was the next busiest month while October was the least busiest month of the year for conveyancing in Peterborough
  • 5 Average Land Registry Fee for this year to date was £270

Examples of recent conveyancing in Peterborough since February 2022*

Recently asked questions about conveyancing in Peterborough

We are about to sign contracts for a garden flat in Peterborough. We encountered a stumbling block. Our mortgage offer with Alliance & Leicester expires on 18/7/2022 but the owners are putting forward a completion date of 20/7/2022. Can one prolong the mortgage expiry date?

The person best placed to address this concern is your lawyer who will hopefully assess whether they corresponding with the mortgage company, vendor’s representatives, selling agents or indeed all parties based on the history of your conveyancing to date.

At what point can the exchange of contracts take place for domestic conveyancing in Peterborough and do I need to be at the conveyancers office?

If you are local to our conveyancing solicitors in Peterborough you are welcome to come in to sign contracts. That being said, the law practices we work with supply countrywide coverage for conveyancing and provide just as detailed and professional a job for you when communicating with you by post or email. The executing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Peterborough)to be in the office available at the end of the phone to exchange contracts.

Can you clarify what the consequences are if my solicitor is suspended from the Bank of Ireland Solicitor panel ahead of completing my conveyancing in Peterborough?

The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.

I'm buying a new build house in Peterborough with a loan from Britannia. The builders would not budge the price so I negotiated five thousand pounds worth of additionals instead. The sale representative told me not disclose to my conveyancer about this extras as it may put at risk my mortgage with Britannia. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder 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.

Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Peterborough is the location of the property. What do you suggest?

Flying freeholds in Peterborough are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Peterborough you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Peterborough may decide 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.

Completion is due on our sale of a £425,000 garden flat in Peterborough next Friday. The managing agents has quoted £384 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Peterborough?

For most leasehold sales in Peterborough conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

    Answering pre-exchange enquiries Where consent is required before sale in Peterborough Supplying insurance information Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale
Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Peterborough leasehold premises is £350. For Peterborough conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide answers.

Leasehold Conveyancing in Peterborough - A selection of Questions you should consider before buying

    This question is important as a) areas may result in problems in the building as the communal areas may start to deteriorate where maintenance are not paid for b) if the leaseholders have an issue with the managing agents you will want to have full disclosure How many of the leaseholders are in arrears for their maintenance charge payments? The prefered form of lease arrangement is a share of the freehold. In this scenario the lessees benefit from control and although a managing agent is frequently employed if the building is larger than a house conversion, the managing agent employed by the leaseholders.

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Residential Landlord and Tenant Conveyancing solicitors in Peterborough

The list below is a small selection of solicitors in Peterborough with expertise in landlord and tenant law and on the regulations governing different types of tenancies. This may include advice on wrongful eviction

  • Buckles Solicitors Llp, Grant House, 101 Bourges Boulevard, Peterborough, Cambridgeshire, PE1 1NG
  • Greenwoods Solicitors Llp, Monkstone House, City Road, Peterborough, Cambridgeshire, PE1 1JE
  • Taylor Rose Ttkw Limited, Northminster House, Northminster, Peterborough, Cambridgeshire, PE1 1YN
  • Rehmans Solicitors, 61 Park Road, Peterborough, Cambridgeshire, PE1 2TH
  • Hegarty Llp, 48 Broadway, Peterborough, Cambridgeshire, PE1 1YW

Commercial Conveyancing solicitors in Peterborough regulated by the SRA

The firms listed below are a small selection of solicitors in Peterborough with expertise in commercial conveyancing in Peterborough. This will likely include advice on taking a commercial lease as a tenant
  • Buckles Solicitors Llp, Grant House, 101 Bourges Boulevard, Peterborough, Cambridgeshire, PE1 1NG
  • Greenwoods Solicitors Llp, Monkstone House, City Road, Peterborough, Cambridgeshire, PE1 1JE
  • Taylor Rose Ttkw Limited, Northminster House, Northminster, Peterborough, Cambridgeshire, PE1 1YN
  • Hegarty Llp, 48 Broadway, Peterborough, Cambridgeshire, PE1 1YW
  • Hegarty (peterborough) Limited, 48 Broadway, Peterborough, Cambridgeshire, PE1 1YW

Residential Licensed Conveyancers in Peterborough regulated by the Council of Licensed Conveyancers

Please note that the listed conveyancers do not limit their work for conveyancing in Peterborough but also conveyancing throughout England and Wales.
  • Pirie Palmann Ltd, Priestgate House, PE1 1JN
  • Pdr Property Lawyers Ltd, 5 Market Street, PE7 1BA

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.