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Peterborough Conveyancing Statistics*

  • 1 90% freehold and 10% leasehold conveyancing in Peterborough for last year
  • 2 Average time frame of 82 days for registration of title in Peterborough
  • 3 Average Land Registry Fee for last year was £270
  • 4 91 is the median number of years remaining on leases in Peterborough
  • 5 Percentage of cases in Peterborough that are buy to let is 22%

Examples of recent conveyancing in Peterborough since October 2022*

Recently asked questions about conveyancing in Peterborough

Our nephew is buying a newly built flat in Peterborough with a mortgage from Leeds Building Society. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?

The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Leeds Building Society conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

I purchased a freehold property in Peterborough but nevertheless charged rent, why is this and what is this?

It is rare for properties in Peterborough and has limited impact for conveyancing in Peterborough but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.

How does conveyancing in Peterborough differ for new build properties?

Most buyers of new build residence in Peterborough come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Peterborough typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Peterborough or who has acted in the same development.

I have been on the look out for a leasehold apartment up to £305k and found one near me in Peterborough I like with open areas and station in the vicinity, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Peterborough in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

Should you need a mortgage the remaining unexpired lease term will be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.

Is it simple use your search facility to select a conveyancing lawyer in Peterborough on the authorised to act for my mortgage?

1st select a bank such as Yorkshire Building Society, Leeds Building Society or TSB then choose your location e.g. Peterborough. Conveyancing practices in Peterborough and further afield will then be listed.

Are Peterborough conveyancing solicitors under an obligation to the Law Society to supply transparent conveyancing costs?

Contained within the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Peterborough or further afield.

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Residential Landlord and Tenant Conveyancing solicitors in Peterborough

The firms listed below are 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 Terms and conditions of tenancy agreements

  • 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 practicing in commercial conveyancing in Peterborough. This may include advice on granting a lease to a commercial 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

Planning law solicitors in Peterborough regulated by the Solicitors Regulation Authority

The firms listed below are a non-comprehensive list of solicitors in Peterborough specialising in planning law. This should include advice on applications about listed buildings and conservation areas
  • Buckles Solicitors Llp, Grant House, 101 Bourges Boulevard, Peterborough, Cambridgeshire, PE1 1NG
  • Greenwoods Solicitors Llp, Monkstone House, City Road, Peterborough, Cambridgeshire, PE1 1JE
  • Hegarty Llp, 48 Broadway, Peterborough, Cambridgeshire, PE1 1YW
  • The Singh Partnership Ltd, 585 Lincoln Road, Peterborough, Cambridgeshire, PE1 2PB

*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.