I require quick conveyancing in Newmarket as I have a deadline to sign on the dotted line in less than one month. Fortunately I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you have the choice not to do searches although no law firm would recommend that you don't. With lots of history conveyancing in Newmarket the following are instances of issues that can appear and therefore affect future mortgageability: Enforcement Notices, Outstanding Fees, Outstanding Grants, Road Schemes,...
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Newmarket is the location of the property. Can you shed any light on this issue?
Flying freeholds in Newmarket are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Newmarket you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Newmarket may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am selling my house. My past solicitors have shut. I am in need of a recommendation of a conveyancing firm. Im based in Newmarket if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Newmarket. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
What advice can you give us when it comes to appointing a Newmarket conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Newmarket conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Newmarket conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:
What volume of lease extensions has the firm completed in Newmarket in the last year? Can they put you in touch with clients in Newmarket who can give a testimonial?
I purchased a 1st floor flat in Newmarket, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Newmarket with a long lease are worth £216,000. The ground rent is £50 invoiced annually. The lease runs out on 21st October 2088
You have 69 years remaining on your lease we estimate the premium for your lease extension to span between £9,500 and £11,000 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.
I see that you have a search directory listing firms on the lender conveyancing panel. Do Newmarket conveyancing companies pay you a referral fee if I appoint them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Newmarket.