We were just about to sign contracts for a property in Peterborough. We encountered a problem. The mortgage offer with Nationwide Building Society expires on 18/2/2025 but the vendors are putting forward a completion date of 20/2/2025. Can one extend the loan offer?

The person best placed to deal with your concern is your lawyer who will hopefully determine whether he or she is corresponding with the mortgage broker, owner’s conveyancers, selling agents or possibly all three based on the circumstances your transaction to date.

As I am unsure how the conveyancing bit works what is the most important number one tip you can give me about purchase conveyancing in Peterborough?

Not many law firms or advisers will tell you this but conveyancing in Peterborough and elsewhere in Cambridgeshire is an adversarial experience. In other words, when it comes to conveyancing there exists plenty of room for confrontation between you and other parties involved in the legal transfer of property. For example, the vendor, estate agent and on occasion the bank. Appointing a lawyer for your conveyancing in Peterborough is a critical decision as your conveyancer is your adviser, and is the ONLY party in the process whose role it is to look after your legal interests and to keep you safe.

On occasion a third party with a vested interest may try and persuade you that it is in your interests to do things their way. For instance, the property agent may claim to be assisting by claiming that your conveyancer is dragging his heels. Or your mortgage broker may tell you to do something that is contrary to your lawyers advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.

How do I discover of the solicitor carrying out my conveyancing in Peterborough is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Skipton Building Society thus paying £175.00 in supplemental legal invoice.

You should make the most of the search tool on this page. Pick the lender and type ‘Peterborough’ or your preferred area and you will discover a number of lawyer offices in Peterborough or near you.

I need to instruct a conveyancing practitioner in Peterborough for my home move. Is it possible to review a firm’s complaints history with the legal regulator?

You can find published Solicitor Regulator Association (SRA) determinations stemming from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The regulator may monitor telephone calls for training requirements.

We expect to complete the disposal of our £300,000 maisonette in Peterborough on Friday in a week. The management company has quoted £300 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Peterborough?

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

Answering pre-exchange questions 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 solicitor 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.

Peterborough Leasehold Conveyancing - Sample of Questions you should ask before buying

Please note if it is fewer than eighty years it will impact the value of the apartment. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. A short lease means that you will most likely require a lease extension sooner rather than later and it is worth finding out how much this will be. Remember, in most cases you will need to own the residence for a couple of years in order to be entitled to extend the lease. This question is helpful as a) areas may cause problems for the block as the communal areas may begin to deteriorate where maintenance remain unpaid b) if the leasehold owners have a dispute with the running of the building you will want to know about it It would be sensible to discover as much as you can about the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents from a financial perspective and when it comes to day to day matters like the tidiness of the communal areas. Ask other people what they think of them. Finally, find out the dates that you are obliged pay the service charge to the managing agents and precisely what you get for your money.