We are a couple about to sign contracts for a ground floor flat in Peterlee. We have hit a problem. Our mortgage offer with Norwich and Peterborough Building Society expires on 19/1/2026 but the sellers are insisting on a completion date of 21/1/2026. Is it possible to extend the loan expiry date?
The person best placed to address this issue is your solicitors who will determine if they should be discussing with the lender, vendor’s solicitors, property agents or possibly all parties given the history of your house move to date.
A relative suggested that if I am buying in Peterlee I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Peterlee conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Peterlee around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Peterlee.
Me and my brother own a 4 bedroom Georgian house in Peterlee. Conveyancing solicitor represented me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under the matching property. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Peterlee and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing lawyer who conducted the purchase.
How do I identify a Peterlee law firm on the Barnsley Building Society conveyancing panel? I drive a motor bike and am happy to travel upto 25kilometers to meet the lawyer.
Feel free to make use of the facility on this website. Please pick a lender and your location and you will see a number of Peterlee conveyancing lawyers based on proximity. We have detailed some Peterlee conveyancing firms at the bottom of this page and you can ring them to check if they are on the Barnsley Building Society approved list
I today plan to offer on a house that appears to be perfect, at a great figure which is making it all the more appealing. I have since found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Peterlee. Conveyancing lawyers have are about to be appointed. Will they explain the issues?
The majority of houses in Peterlee are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Peterlee so you should seriously consider looking for a Peterlee conveyancing practitioner and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’spermission to conduct alterations. It may be necessary to pay a service charge towards the maintenance of the estate where the property is located on an estate. Your solicitor should advise you fully on all the issues.
I purchased a split level flat in Peterlee, conveyancing was carried out 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Peterlee with a long lease are worth £216,000. The ground rent is £50 yearly. The lease terminates on 21st October 2094
You have 69 years unexpired we estimate the premium for your lease extension to range between £9,500 and £11,000 plus costs.
The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.
How much should conveyancing in Peterlee cost?
Almost all Peterlee conveyancing firms will charge a set fee. Where additional work arise during the conveyancing your lawyer should advise you in writing of such additional costs for such work immediately it becomes obvious. Some work on a no move no fee basis, others will charge a percentage of the agreed charges, depending on the point at which the conveyancing does not proceed.
It may be helpful for you to ask various practices to provide you a quotation.