Look no further for your residential conveyancing solicitor in Newmarket
Whatever your property challenge, we can solve it.
Selling property in Newmarket
Your expert conveyancing solicitor's role when selling a property in Newmarket, will include:
- Draft contracts – Your conveyancing solicitor drafts the initial legal contract to be sent to the buyer's solicitor.
- Responding to enquiries – your solicitor responds to any questions the buyer's solicitor may have (this is where you'll find out if you are missing documents, which can cause delays to your sale).
- Investigating issues – your solicitor may need to complete further investigation to try and satisfy them.
- Exchange contracts – once the buyer's solicitor has satisfied their enquiries, contracts are finalised and exchanged
- On the day of completion – your solicitor receives the money for the sale, discharges the mortgage (if required), pays the estate agent, deducts their fee and then sends the net sale proceeds to you.
- Post completion – your solicitor receives the DS1 discharge documents and, when leasehold, settles your liabilities for ground rent and service charges.
Our Newmarket conveyancing solicitors' cost for selling a property starts from £723 INC VAT.
For Newmarket buying
- Draft contracts – Your solicitor reviews the draft contract sent by the seller's solicitor.
- Raising enquiries – your solicitor will ask the seller's solicitor questions based on the contract, title, and property documents to protect you from any nasty surprises.
- Exchange contracts – once your solicitor is satisfied with their enquiries, they agree with the seller to finalise and exchange contracts
- Day of completion – on the day of completion, your solicitor transfers the money for the sale.
- Post completion – following completion, your solicitor makes an application to HM Land Registry to register you as the new owner.
Our Newmarket conveyancing solicitors' cost for buying a property starts from £723 INC VAT.
Add or remove someone from a property title in Newmarket
With a Transfer of Equity, you can buy someone out of a shared property and remove them from the title, or add someone to the title to transfer ownership of a share of the property, making them a joint owner. This service includes:
- Property solicitors fees including ID checks, office copies
- HM Land Registration fees
- (if party being removed) ID1 Form verification fee
- (if mortgage) Change of mortgage fee
- (if leasehold) Notice fee to freeholder
Our Newmarket conveyancing solicitors' cost for a Transfer of Equity in Newmarket starts at £399 INC VAT.
If someone is giving up their share of the property for less than market value, they may be required to get independent legal advice, which will be an additional expense.
Switch your mortgage deal in Newmarket
Your remortgage solicitor will perform all the necessary checks, review your new mortgage offer, and update HM Land Registry post-completion. The process is similar to when you purchase but should take less time, as the solicitor doesn't need to raise any legal enquiries.
If you own a leasehold property, your solicitor must carry out extra work to investigate the lease terms. Our conveyancing solicitors' cost for a remortgage in Newmarket starts at £363 INC VAT INC VAT.
Purchase the next chunk of your equity
When you're ready to buy the next chunk of the equity in your shared ownership property, a conveyancer will be required to handle:
- The bank transfer;
- obtaining a mortgage redemption statement from your existing lender;
- receiving your new mortgage offer and confirming the lender terms;
- receiving the memorandum of staircasing;
- handling completion;
- filing SDLT form (if required); and
- registration at the Land Registry.
Our conveyancing solicitors' cost for shared ownership staircasing in Newmarket starts at £569 INC VAT.
If you need to add someone to the legal title, you will need to pay an additional fee for a transfer of equity.
Paying off your Help to Buy equity loan
You'll need a solicitor to:
- Receive redemption letter;
- review title for ownership and restrictions;
- obtain Authority to Complete;
- draft a deed of postponement for your current lender;
- handling completion;
- bank transfer; and
- if repaid in full, removal of the loan restriction at the Land Registry.
Our conveyancing solicitors' cost for Help to Buy loan redemption in Newmarket starts at £333 INC VAT.
Price based on a freehold with the loan being repaid in full using savings.
Why buy a home in Newmarket?
Newmarket is an affluent market town in Suffolk, around 65 miles north of London. It's most known for being considered the birthplace and epicentre of thoroughbred horse racing and the local economy reflects this association. Landmarks include the Newmarket Racecourse and the Conversation Pieces Gallery.
Newmarket Community Hospital, 56 Exning Road, Newmarket, Suffolk CB8 7JG
Beech House Hospital, Fordham Road CB8 7LF
Fulbourn Hospital, Fulbourn, Cambridge CB21 5EF
Newmarket Railway Station is on the line linking Cambridge, Bury St Edmunds and Ipswich. There are numerous National Express coaches and local buses serving the town.
Newmarket can be reached by road via the following trunk roads: A14, A11 and A142.
Distance to Airports from Newmarket
Airport | Miles by car |
Stansted | 32.4 miles |
Luton | 49.8 miles |
Norwich | 51.9 miles |
Newmarket Academy, Exning Rd, Newmarket CB8 0EB
St Benedict's Catholic School, Beetons Way, Bury St Edmunds, Suffolk IP32 6RH
Thurston Community College, Norton Road, Thurston, Bury St Edmunds, Suffolk IP31 3PB
Residential Conveyancing Solicitors in and around Newmarket
Our Newmarket conveyancing solicitors can help you with your conveyance locally or in any of the surrounding areas, including Cambridge, Ipswich, Ely, Huntingdon, Braintree, Colchester and Bedford.
We have many offices throughout England and Wales, so you can find a solicitor near you.
- Manderston Road, Newmarket, Suffolk CB8 0NS
- 39 Duchess Drive Newmarket CB8 8AG
- 102 Moulton Road, Newmarket, Suffolk, CB8 8DY
- 14 Oxford St, Exning, Newmarket CB8 7EW
- 73 Moulton Ave, Kentford, Newmarket CB8 8QX
- Apartments – St Johns Avenue, Newmarket
Marketed by Flagship Homes, available under Shared Ownership terms.
Newmarket Property Prices
Average property price in Newmarket | £329,422 |
Population of Newmarket | ?20,384 (2011) |
Local conveyancing solicitor
Should I use a Licensed Conveyancer or Conveyancing Solicitor near me?
Solicitors are usually more expensive than a conveyancer, which is fine as long as they specialise in property transactions. It can be beneficial to choose a property lawyer in case of any specialist legal complications with your property transaction, but the best-of-both approach is to instruct a licensed conveyancing solicitor who employs some other conveyancing professionals to complete the simpler parts of the work under their supervision, at a lower rate.
Why choose SAM Conveyancing Solicitors in Newmarket?
Whether you're buying, selling, remortgaging, dealing with a lease, staircasing shared ownership, or paying offyour help to buy loan, you'll need a conveyancing specialist to handle the legal side of things. With SAM you get the benefit of dedicated conveyancing executive who'll guide you through the process, from start to finish, at no extra cost. Available Monday to Saturday to answer all your questions, we'll bridge the gap between you and your solicitor, with regular updates in plain English.
We have hand selected some of the best conveyancing solicitors Newmarket has to offer, which are backed by a no sale no fee guarantee and the Newmarket conveyancing fee we quote is broken down so you can see exactly what your quote includes. What we quote you is the fixed price you will pay for the agreed work. No unpleasant surprises.
You'll also benefit form our state of the art Online Conveyancing Process to track your progress and next steps along the way.
Affordable Housing Schemes
Several affordable housing schemes in Newmarket help make buying a property more achievable. The work is more complex, and we have specialist conveyancing solicitors to handle the following:
- Shared Ownership Solicitors
- Right to Buy Solicitors Newmarket - speak to West Suffolk - Forest Heath and St Edmundsbury Councils to find out if you are eligible
- Discount Market Sale Newmarket - check with West Suffolk - Forest Heath and St Edmundsbury Councils if they are running a DMS scheme
Newmarket conveyancing solicitors
You can rest assured that you're in good hands with our Newmarket Conveyancing Solicitors. They are skilled and experienced with complex property transactions from a simple purchase for a property in Newmarket to a Sale and Purchase of a shared ownership property, executing a Deed of Trust simultaneously.
Are you buying or selling a short lease in Newmarket?
If there are 80 years or less on the Newmarket leasehold, it will be harder to mortgage. Whether you're buying or selling, you should consider extending the lease, which may be done before, during, or in some cases after the transaction.
Our specialist leasehold conveyancing solicitors have vast experience handling the extension of a short lease for the buyer or the seller in Newmarket; speak to a SAM advisor for inclusive, fixed fee, conveyancing quotes for leasehold conveyancing or share of freehold conveyancing today. Property Challenges Solved.
Conveyancing FAQs: Property Lawyers Newmarket
The average conveyancing cost in London can be slightly higher than in the rest of the country. Depending on the property's price and the transaction's complexity, you could pay several hundred to a couple of thousand pounds. Our conveyancing fees in Newmarket are based on the purchase price, and start at £723 INC VAT.
Fill in our easy online form for a fixed quote tailored to your requirements.
Newmarket conveyancing solicitor fees vary between online conveyancing solicitors, high street licensed conveyancers or housing solicitors introduced by your estate agent.
It's unnecessary to have a local property solicitor as the conveyancing process is the same throughout England and Wales. You should prioritise service and efficiency over proximity to Newmarket, when choosing a good conveyancing solicitor for any property transaction.
Many factors can delay conveyancing in Newmarket. A simple property transaction can be completed in less than two months, but the average is closer to 12-16 weeks.
CQS Accreditation
All our panel solicitors are CQS accredited. You can trust the Conveyancing Quality Scheme for the highest standards of conveyancing.
Fixed Fee
Don't bother with an 'estimate' fee. You want to make sure that your total fee is fixed (they can't charge you more later) and it includes all the necessary components. We build your quote based on each of the costs involved in a standard transaction based on the information you give us, with no sneaky extra fees. If you have additional requirements, speak with a helpful team member to ensure everything you need is covered within your quote.
No Sale No Fee
Choose conveyancing solicitors in Newmarket who offer a No Sale No Fee Guarantee, like ours. If your first sale or purchase falls through, the money you've spent with us will go toward your next one. Terms apply.
Reviews
Check out their reviews to be sure they provide a good service and meet their timescales.
Communication
Not knowing what is going on is the most frustrating thing for a client. Many solicitors are too busy doing legal work to answer all their clients call for updates. With SAM Conveyancing, you'll have a dedicated conveyancing executive available Monday to Saturday. They'll keep you in the loop on progress, translate the legal jargon, chase your solicitor when required and email you about milestones.
Value
Get a fully comprehensive quote covering all your needs so you can accurately compare your options to ensure you're paying a good price.
Online conveyancing is just as safe as you protect your data on the internet as you would in any other transaction. Online conveyancing means speedier turnaround times on documents, more convenient meetings and lower running costs for the firm. We pass our savings on to you.
Yes, if you're buying and selling simultaneously, the same conveyancing solicitor can handle both transactions, saving you money, as you'll only have to do the 'new client' admin once.
1. Get a mortgage in principle
Know what you can afford to save wasting time on any false starts.
2. Instruct your conveyancing solicitor before you make your offer
Waiting until your offer is accepted can delay your transaction. As early as possible, inform them of any details, such as gifted deposits. An online service reduces snail mail delays and waiting for physical meetings, which can be conducted by video call.
3. Apply for your mortgage quickly
You can submit your application as soon as your offer is accepted. An independent broker can help speed this along.
4. Order your searches and surveys
Ordering these early can speed up your conveyancing process, especially if local authorities face delays. However, it is usually considered prudent to time this with the rest of your chain if a transaction falls through.
5. Get your building insurance ready
You'll need insurance from the exchange so research & compare insurance quotes, once your solicitor is instructed.
6. Paperwork (When selling)
Ensure you have your paperwork, including energy performance & FENSA certificates.
Suffolk is a county in the East Anglian region of England. It is very low-lying, with few hills, and the soil type is very arable. The Suffolk Coast and Heaths is classed as an Area of Outstanding Natural Beauty. Other than the county town, Ipswich, other important towns in the county include Bury St Edmunds, Newmarket (which is where the UK horse racing industry is based) and Felixstowe (one of the largest container ports in Europe). Adjacent counties include Norfolk, Cambridgeshire and Essex.
Suffolk hosts one university, the University of Suffolk and there are no motorways in the county. The nearest large airport is Stansted. The main transport hub is Ipswich, which offers frequent direct train services to London Liverpool Street.
Suffolk is the home of the Greene King Brewery, whose headquarters can be visited, and Branston Pickle. The county was home to two of the UK's most famous painters, Thomas Gainsborough and John Constable. Latterly, Bernie Ecclestone, Ed Sheeran, Tim Westwood and Ralph Fiennes hail from the county. Lowestoft Ness in the county is Britain's most easterly point and the smallest pub in Britain is the Nutshell in Bury St Edmunds, which opened in 1867.
**Our panel of solicitors are regulated by the Solicitors Regulation Authority and conveyancing work is accredited with the Law Society's Conveyancing Quality Scheme.
***No Sale No Fee applies to any sale or purchase quote except auction and right to buy. Read our No Sale No Fee Policy.
What are the conveyancing costs?
Newmarket Conveyancing Solicitor fees vary between online conveyancing solicitors, high street conveyancers or housing solicitors introduced by your estate agent.
The actual conveyancing costs, outside of the legal work, should be fixed, including:
For buyers: stamp duty, land registration, property searches, ID searches and leasehold charges (if buying a leasehold property).
For sellers: office copies, title plan and management information (if selling a leasehold property).
Make sure to budget for all of the above conveyancing costs and to get a fixed fee conveyancing quote from several firms, to compare value.
Making the right choice of solicitor is key to the whole process:
- Cheap Conveyancing
- Fast Conveyancing
- Best Conveyancing Service
Should I make a will when buying a house?
Yes, definitely. When you have moved in, you will already have part-bought a major asset (using your deposit funds) and one which you will steadily own more of as time passes, or if you're a cash buyer, you'll own your asset outright from the beginning. You should think about how you would dispose of it if you were to die.
You may, for example, have family which you will want to see looked after properly which often might mean their continuing to live in your house after your death. For this purpose, you may also want to take out life insurance (click to get a quote) so any mortgage repayments are covered.
Even if you already have a will in place, you may want to revise it after your purchase to ensure everything is still applicable. Bear in mind that having a legally sound will in place greatly aids the efficiency of the probate process.
In contrast, not having a legally valid will available on your death means your estate having to go to administration, which takes considerably longer – at a time when your dependants may sorely need funds – and may involve greater expense and even anguish as different parties can seek to be included in your disposal of assets.
We can draw up wills and mirrored wills for you – call 0207 112 5388 to enquire.