Newmarket conveyancing FAQs
How much is the Council Tax in Forest Heath District Council in 2021?
Newmarket is situated in Forest Heath District Council. Council tax bands are as follows:
Are Newmarket conveyancing fees fixed?
Some conveyancing solicitors in Newmarket offer their services on an hourly rate and other firms will work for a fixed fee.
Your property lawyer will work on a fixed fee basis, with no unexpected 'add-ons'. Your quote will explain what you will pay when your house purchase or sale completes.
If, for whatever reason, your house purchase or sale does not go ahead, you will pay no legal fees at all with a No Move, No Fee guarantee.
I'm purchasing a house in Newmarket - what searches do I need?
The standard search pack will include:
- Regulated Local Authority Search
- Residential Environmental Search
- Water search
- Chancel search
On occasion the location of the property will warrant further searches such as a British waterways search.
To work out the total cost of searches on a Newmarket house or flat try our conveyancing cost calculator.
How long does conveyancing take when buying a leasehold flat in Newmarket?
Over 90% of flats in the UK are leasehold. There are also an estimated 1 million leasehold houses throughout the country. Buying a leasehold flat will usually take more time than a freehold home because there is more to prepare.
Varied factors, such as an absent freeholder or slow receipt of the managing agent information, can lead to serious delays.
Our expert leasehold conveyancing team complete the legal work for 100's of leasehold purchases each month, and our proactive approach can mean faster conveyancing.
Does it take longer to sell a leasehold property?
Yes, compared to freehold conveyancing. The conveyancing for selling a leasehold house or flat usually takes longer.
The buyer's conveyancer will want to see these documents, including management company information. Typically, delays are due to the time required by your lawyer to source this information.
Your solicitor should get this underway as soon as possible, because this paperwork can take a long time to gather if it is difficult to contact the landlord or managing agent or they are slow to respond.
I am buying a new build property in Newmarket - what do I need to know?
The conveyancing process for acquiring a new build home in Newmarket .
A solicitor in Newmarket will need to be qualified to handle things like handling reservation fees, confirming right of way over drains and sewers and .
Will I need a conveyancing solicitor if I am remortgaging my Newmarket property?
Yes, you will need a remortgage conveyancing solicitor.
The official UK base rate is currently set at 0.1% (Apr 2021). A proactive conveyancing solicitor in Newmarket should be able to complete the conveyancing quickly and get you onto your new rate without delay.
Conveyancers are members of most UK mortgage lenders, so whether you are you are switching to a lifetime tracker mortgage with the HSBC or to a variable-rate mortgage with the Allied Irish Bank, a remortgage specialist can help.
How do I transfer equity in my Newmarket home?
A 'transfer of equity' involves changing the ownership structure of a property by adding or removing an owner (or owners) from the deeds. Reasons for an equity transfer include:
- Transferring a property into joint ownership after a marriage or civil partnership.
- Removing an ex-partner from the deeds after a divorce.
- Giving a property to a child or other relative.
- Removing a co-owner who wishes to sell their share.
Your next step
If you are buying, selling, remortgaging or transferring equity in a property in Newmarket, we can help you find an expert conveyancing solicitor.
We work with a panel of specialist conveyancing solicitors to deliver a stress-free moving experience.
- No Move, No Fee Guarantee
- Fixed fee conveyancing service
- Newmarket experts
- CQS-accredited panel solicitors
All-inclusive quote from £384 inc VAT
Puzzled by the
Frequently asked questions:
- How do I speed up the conveyancing process?
- How much Stamp Duty (SDLT) will I need to pay in 2021?
- Why do I need to check my conveyancer's lender panel status before instructing?
- What do buyers need to know about conveyancing in 2021?
Get all the answers in our comprehensive FAQ section:See more FAQs