Have just purchased a probate house at auction in Peterborough. Conveyancing is required. What are my next steps?

Given that you have now legally bound yourself to purchase you will need to retain a conveyancing lawyer quickly as you are faced with a fast approaching deadline in which to complete the purchase. Every auction property should have an associated legal set of papers. This will likely include the copy title deeds, local authority and drainage searches. In the case of leasehold premises the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You need to hand this to your appointed conveyancing solicitor as soon as possible. Do make sure that you have funds in place to complete on the on the contractual date .

I am aiming to move house in July. Does my conveyancing solicitor update the removal company on the completion day. As an aside, can you recommend a removal company in Peterborough. Conveyancing firm was organised before I stumbled across your page.

On the afternoon of completion you can pick up the keys from the selling agent but this can only happen once the vendors lawyers advise the agent that they have the completion monies and the keys can be passed over. You should advise the removal men that you are ready to move in. As a matter of policy we do not suggest a particular removal organisation but can help you locate a residential property solicitor in Peterborough or a solicitor that specialises in conveyancing in Peterborough.

Intending to buy a apartment in Peterborough. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Peterborough solicitor is on the Virgin Money conveyancing panel.

I bought my home on 8 May and my personal details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Peterborough expressed confidence that it will be concluded in less than a month. Are transfers in Peterborough uniquely lengthy to register?

As far as conveyancing in Peterborough is concerned, registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timeframes can differ according to who lodges the application, whether there are errors and whether the Land registry must send notices to any 3rd persons or bodies. At present approximately three quarters of submission are fully addressed in less than three weeks but occasionally there can be longer delays. Registration occurs after the new owner has moved in to the property so 'speed' is not usually an essential issue yet where there is a degree of urgency associated with the registration then you or your solicitor can speak with the land registry and explain the circumstances.

I am looking for a ground for flat up to £245,000 and identified one round the corner in Peterborough I like with open areas and railway links nearby, the downside is that it only has 51 years on the lease. There is not much else in Peterborough in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you require a mortgage the remaining unexpired lease term will be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.

I am a sole trader intending to lease a unit on the high street. Can you recommend solicitors offering fixed fees for commercial conveyancing in Peterborough for below £1,200?

We can recommend firms who have specialist knowledge of commercial conveyancing in Peterborough, including the disposal and purchase of businesses as well as simply property. If you are looking to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right lawyer. As for the costs this will depend on the structure and terms of the proposed transaction. Let us have your details or email us so that we may furnish you with a detailed commercial conveyancing calculation.

We are in the middle of purchasing a house in Peterborough. Conveyancing lawyer has told us the title is "Leasehold". Does this adversely affect the salability of the house?

Peterborough conveyancing does not ordinarily involve leasehold houses. The crucial consideration here is the unexpired lease term and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's virtually freehold, so it’s unlikely to affect the saleability significantly.

At the other end of the spectrum, if it's, say, Sixty years it will have a material effect on the saleability, and most likely wouldn't be acceptable to the mortgage company. The remaining lease term and ground rent will be stated in the lease to be supplied to your conveyancer.