Recently been in touch with my conveyancing solicitor in Peterborough who acted for me two years ago and wanted a conveyancing costs illustration based on an identical type of house move (a leasehold property and a freehold property) of similar values with a loan from Birmingham Midshires. It looks as though am now being charged twice the amount. Should I hunt for a cheaper internet property lawyer?
The estimate does seem a little on the high side. If you are prepared to spend time scrutinising quotes you could trim some of the cost by say £100 plus VAT. On the other hand, providing that you were content with the assistance the firm provided you couldcome to rue opting for an an unknown solicitor. Don't forget to ensure that the solicitor can also act for Birmingham Midshires. You can employ our search tool to get a quote a Peterborough conveyancing firm on the Birmingham Midshires approved list of lawyers, which can often include conveyancing solicitors in Peterborough.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Peterborough?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Peterborough. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey carried out on a property in Peterborough ahead of instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some lenders will refuse to issue a mortgage on such a house.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Peterborough. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Peterborough to see if the conveyancing costs will increase in light of this.
I'm refinancing my current home to a buy to let mortgage with Yorkshire Building Society and I will use the rest of the raised equity as a deposit on further property. The area we are interested in is Peterborough. Will your conveyancers be able to act for the two lenders and link together the conveyances?
Make use of our comparison tool on this site to be sure that the conveyancers are on the appropriate lender panels. On the basis that they are the solicitor will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and specify your desired outcome and needs.
My cousin has suggested that I use his conveyancers in Peterborough. Should I use them?
Much as we are happy to recommend a Peterborough conveyancing lawyer it’s preferable to choose a conveyancing lawyer is to have feedback from friends or relatives who have previously instructed the firm you're considering.
I wish to sublet my leasehold flat in Peterborough. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
A small minority of properties in Peterborough do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably withhold but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
Leasehold Conveyancing in Peterborough - Sample of Queries before Purchasing
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What is the service charge and ground rent on the property? You should be aware that where the lease has fewer than eighty years it will affect the value of the apartment. It is worth checking with your lender 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 you need to have some idea of how much this would cost. Remember, in most cases you would be required to have owned the property for two years in order to be eligible to carry out a lease extension. Generally speaking the outlay for major works tend not to be built into the maintenance charges, although some managing agents in Peterborough obliged leaseholders to pay into a reserve fund and this is used to offset against major works.