Can the conveyancing practitioners indexed on your site perform right to buy conveyancing in Newmarket?

We have identified plenty of conveyancing firms who can handle right to buy transactions You should get in touch with us with a view to secure a costs illustration.

Various online forums that I have visited warn that are the main cause of stalling in Newmarket house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Newmarket.

The estate agent has sent us the confirmation of our purchase of a new build flat in Newmarket. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Newmarket

The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.

Should I appoint a Newmarket conveyancing solicitor in close proximity to the house I am hoping to buy? I have an old university friend who can execute the legal work but they are based 400kilometers drive away.

The primary upside of using a local Newmarket conveyancing practice is that you can drop in to execute paperwork, present your ID and apply pressure on them if necessary. They will also have local insight which is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and they were content that must outweigh using an unfamiliar Newmarket conveyancing solicitor just because they are local.

I today plan to offer on a house that appears to tick a lot of boxes, at a great price which is making it all the more appealing. I have since found out that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Newmarket. Conveyancing solicitors have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Newmarket ?

The majority of houses in Newmarket are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. It is clear that you are purchasing in Newmarket in which case you should be looking for a Newmarket conveyancing solicitor and check that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example obtaining the landlord’sconsent to carry out changes to the property. You may also be required to pay a service charge towards the upkeep of the communal areas where the property is located on an estate. Your lawyer should appraise you on the various issues.

I own a garden flat in Newmarket, conveyancing was carried out in 1999. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Newmarket with an extended lease are worth £216,000. The ground rent is £50 invoiced annually. The lease finishes on 21st October 2095

With 70 years unexpired the likely cost is going to span between £9,500 and £11,000 plus costs.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other 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 placing reliance on this information without first getting professional advice.