Conveyancing in Peterborough
Conveyancing is the legal process involved when ownership of a property is transferred from the seller to the buyer. If you need a solicitor for conveyancing in Peterborough, we can help you with fast & proactive conveyancing from a national panel of conveyancing specialists.
We have helped Peterborough and Cambridgeshire clients with buying, selling, buy-to-let, Help to Buy, Right to Buy, shared ownership, new build, leasehold, lease extensions, remortgage and transfer of equity.
Buying property in Peterborough
The expanding cathedral city of Peterborough in Cambridgeshire has a history of successful economic growth and investment. With the council's statutory development plan well underway, an extra 22,000 homes will be built and 18,000 jobs created, coupled with a multi-million pound regeneration of the city centre and surrounding area.
It has a strong economy in the environmental goods and services sector and the largest cluster of environmental businesses in the UK. Peterborough has been designated one of 4 environment cities in the UK and the Peterborough Environment City Trust oversees a range of projects working with local people, communities, schools and businesses to promote healthier and sustainable living in the city.
Council Tax in Peterborough (2023/24)
| Band | Amount |
|---|---|
| A | £1,308.94 |
| B | £1,527.10 |
| C | £1,745.25 |
| D | £1,963.41 |
| E | £2,399.72 |
| F | £2,836.04 |
| G | £3,272.35 |
| H | £3,926.82 |
What will my Peterborough solicitor do?
A conveyancing solicitor will handle all the legal elements of the transaction. Your lawyer will order searches, raise enquires of the seller's solicitor, review contracts and fulfil post-completion formalities, including HMLR registration.
Further to the standard checks and searches, Peterborough conveyancing solicitors may also carry out checks for issues related to fenland, including potential subsidence and drainage concerns.
Buying a property with a mortgage?
When you buy a property with a mortgage, your mortgage lender will need to confirm that the property's value is enough to cover the amount of the mortgage.
If your conveyancing solicitor is not on your mortgage provider's panel, your purchase could take significantly longer to complete and cost you more in the process.
More than 100 mortgage lenders have approved our chosen panel solicitors. We can help you complete your Peterborough transaction smoothly.
Read more:
Conveyancing for buying a property
Find out if our panel solicitors can act for your mortgage lender
Approved by over 100 more
We can help Peterborough home buyers with the legal work for:
There exist around half a million listed buildings across the country - around 1,000 of which are in Peterborough City Council. Listed buildings in and near to Peterborough include: Buying and owning a listed building can be a lot more complicated. Our expert solicitor panel will help you understand the commitments a listed building owner must make. Examples include required consent for any alterations, and a restriction on installing double glazing or modern door designs. Read more:Buying a listed building
The legal process when buying a shared ownership property means buying only a part (or share) in a property. Although this is a more affordable route to home ownership, shared ownership is more involved, because contracts are more complex and may contain restrictive covenants. Our expert solicitor panel has extensive experience handling shared ownership conveyancing (including staircasing).Shared Ownership
New Build
The conveyancing process for acquiring a new build in Peterborough can be complex.
A conveyancing solicitor in Peterborough must be able to deal with things like handling the uncertainties of buying off plan, checking that any contracts allow for future 'common parts' maintenance and registering ownership with warranty providers such as NHBC Buildmark, Advantage and Castle.
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Leasehold property
Buying a leasehold property in England or Wales can be complex when compared to purchasing a freehold. The many potential problems awaiting an uninformed purchaser can include legally technical issues like unpaid service charges by the existing leaseholder and freeholds sold without first refusal to leaseholders.
Your solicitor will look into all potential issues with the lease and report back to you.
Read more:
What you need to know about buying a leasehold property
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When we factored in eveything that was included - this was the best quote we could find
Selling a property in Peterborough
For the sale of a Peterborough home, the solicitor will prepare vital paperwork, including the sale contract and property information forms, and help you complete these forms.
The lawyer will address potential issues, respond to inquiries from the buyer's solicitor and redeem the existing mortgage.
The solicitor will liaise with key parties, like agents, lenders and landlords, to confirm that the sale is completed successfully.
Does a leasehold property take longer to sell?
Correct, it can take considerably longer to conduct the conveyancing to sell leasehold houses or flats, compared to freehold conveyancing.
The buyer's solicitor must review these documents, like management company information and a current statement of service charges. Delays are usually the result of the time needed by your solicitor to gather this paperwork.
It could take several weeks to collect the managing agent's information if it is difficult to contact the managing agent, so the seller's solicitor should get this underway before a buyer has even been found.
Read more:
Selling a leasehold flat? What to do before going on the market
Conveyancing for selling a property
Remortgaging
The Bank of England's current base rate is 5.25% (22 January, 2025)
It's imprtant that you confirm your lawyer's lender panel membership before you instruct.
Quittance panel solicitors are approved members of the majority of building societies and banks. Whether you are changing to a standard variable rate mortgage with NatWest or taking out a flexible mortgage from Bradford and Bingley, our panel solicitors can guide you through the remortgage process.
Read more:
Check our panel solicitors can act for your lender
Get a remortgage conveyancing quote
Transferring Equity in Peterborough
Whether you are inheritance tax planning, purchasing another owner's stake or transferring the ownership of your property to a child, a transfer of equity is required. Your legal representative will handle the legal side for a fixed fee.
Read more:
Transfer of equity Stamp Duty calculator
Get a transfer of equity conveyancing quote
How much does conveyancing cost in Peterborough?
On a conveyancing quote, the various costs or charges can be split into two types:
Conveyancing solicitors fees
The quote will set out the legal fees (inc. VAT) that you pay when the property transaction is complete. These fees are paid to your solicitor for the work they complete.
Disbursements (third party costs)
Disbursements are third-party costs paid by your solicitor on your behalf. Examples of disbursements include Stamp Duty Land Tax (SDLT), HM Land Registry fees and property searches.
Check the terms and conditions
Watch out for additional charges, when you compare conveyancing quotes. Some firms may include additional charges in the small print. This can lead to a higher-than-expected final bill.
