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Newmarket Conveyancing Statistics*

  • 1 The most common indemnity insurance policies for Newmarket conveyancing is Chancel
  • 2 Percentage of cases in Newmarket that are buy to let is 21%
  • 3 Average time frame of 71 days for registration of title in Newmarket
  • 4 Average Land Registry Fee for this year to date was £270
  • 5 January was the busiest month and December was the next busiest month while October was the least busiest month of the year for conveyancing in Newmarket

Examples of recent conveyancing in Newmarket since January 2025*

Disposal

of semi residence, Granby Gardens, CB8 8HA completing on 13/01/2025 at a price of £286,000. The conveyancing process included amongst the various tasks: dealing with appropriate requisitions and enquiries, taking formal instructions from and updating the seller client, setting up the completion formalities

Disposal

of terraced premises, New Cheveley Road, CB8 8BX completing on 10/01/2025 at a price of £275,800. The conveyancing process incorporates some of the following tasks: sending conveyancing papers to buyers representatives, taking formal instructions from and updating the seller client, obtaining official copies of the title

Transfer

of terraced premises, Meynell Gardens, CB8 7ED completing on 09/01/2025 at a price of £594,000. The conveyancing process included amongst the various tasks: sending the transfer to the vendor for execution in preparation for completion, ordering official copies of the title, setting up the completion formalities

Sale

of terraced premises, Edinburgh Road, CB8 0EP completing on 17/01/2025 at a price of £495,000. The legal transfer of property incorporates some of the following tasks: sending conveyancing papers to buyers representatives, taking formal instructions from and updating the seller client, agreeing completion date with parties

Recently asked questions about conveyancing in Newmarket

Last December we completed a house move in Newmarket. We have since encountered a number of problems with the house which we consider were overlooked in the conveyancing searches. Is there anything we can do? What searches should? have been ordered as part of conveyancing in Newmarket?

It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Newmarket. Conveyancing searches and due diligence undertaken during the legal transfer of property are designed to help avoid problems. As part of the process, a seller completes a document called a SPIF. If the information ends up being inaccurate, you could possibly take legal action against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Newmarket.

I have a decision in principle. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would much rather instruct a Newmarket based conveyancing firm?

You should check but the chances are that allocate you one of their panel solicitors where you take up the "fee-free" incentive. Call the lender to explore if they allow a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Newmarket.

I am looking for a ground for flat up to £305k and identified one round the corner in Newmarket I like with a park and transport links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Newmarket suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you require a mortgage the remaining unexpired lease term may be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.

Are there any apps to help identify a Newmarket law firm on the Santander conveyancing panel? I have a car and am prepared to travel upto 25kilometers to meet the conveyancer.

You can use the facility on this website. Please choose the mortgage company and your location and you will see a number of Newmarket conveyancing lawyers locally. We have detailed some Newmarket conveyancing firms towards the end of this page and you can telephone them to verify whether they are on the Santander approved list

What are the frequently found deficiencies that you witness in leases for Newmarket properties?

There is nothing unique about leasehold conveyancing in Newmarket. Most leases are unique and drafting errors can result in certain sections are erroneous. The following missing provisions could result in a defective lease:

    Insurance obligations Service charge per centages that don't add up correctly leaving a shortfall

You may have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Coventry Building Society, and Platform Home Loans Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to pull out.

I purchased a leasehold flat in Newmarket, conveyancing formalities finalised in 2012. How much will my lease extension cost? Similar properties in Newmarket with a long lease are worth £265,000. The ground rent is £50 levied per year. The lease finishes on 21st October 2101

With 76 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.

Me and my wife have just had an offer accepted on a house and had an appointment on Wednesday with the Post Office for the mortgage. They warned us that when it comes to choosing a property lawyer that unless they are on their approved panel of conveyancers then we will incur an extra charge of £250+. This is because they will then have to instruct a solicitor to act on their behalf as well as the one we choose to act on our behalf and we are liable for their fees. I have asked the Post Office to furnish me with a list so I can request quotes only from their approved lawyers but was told they dont have such a list to hand over. Is there a simple way of finding out who is on a lender panel?

Ask the Post Office what their panel criteria is for a solicitor.Thereafter ask the solicitor of your choice whether they fit that criteria and have they acted on loans for the Post Office before. If the answer to those is yes, then just double check with the Post Office. Alternatively please make use of our search tool and we should be able to locate a conveyancing practitioner in Newmarket on the approved list for the Post Office.

Last updated

Sample of conveyancing solicitors in Newmarket regulated by the SRA

It is important to note that the listed firms do not limit their work for conveyancing in Newmarket but also conveyancing throughout England and Wales.

  • Edmondson Hall, 25 Exeter Road, Newmarket, Suffolk, CB8 8AR
  • Rustons & Lloyd, Beaufort House, 136 High Street, Newmarket, Suffolk, CB8 8JP
  • Rachel Conn & Co, Suite 4, The Maltings, High Street, Burwell, Cambridgeshire, CB25 0HB

Residential Landlord and Tenant Conveyancing solicitors in Newmarket

The list below is a non-comprehensive list of solicitors in Newmarket practicing in landlord and tenant law and on the regulations governing different types of tenancies. This should include advice on Court proceedings for possession

  • Edmondson Hall, 25 Exeter Road, Newmarket, Suffolk, CB8 8AR
  • Rustons & Lloyd, Beaufort House, 136 High Street, Newmarket, Suffolk, CB8 8JP

Domestic conveyancing in Newmarket almost always includes the following:

  • Taking instructions from parties involved
  • Investigating the title to the property
  • Undertaking Newmarket property searches for the title
  • Reviewing draft sale agreement and other papers received from the seller’s conveyancer
  • Raising questions with the owner’s conveyancer
  • Negotiating the purchase contract
  • Reviewing replies given by the owner to pre-exchange enquiries
  • Agreeing the wording for a Transfer document
  • Guiding the purchasing in respect of the loan offer: (if relevant)
  • Preparing and sending the purchaser a report on title (that is; reporting to the buyer on the contents of the contract pack, preliminary enquiries and the result of the searches)
  • Proceeding to exchange of contracts and then completion of the purchase
  • Preparing and submitting to HM Revenue and Customs the correct stamp duty forms and payment
  • Registering the buyer and the mortgage (where relevant) at the HMLR.

Neighboring Locations

Ely
Soham
Lakenheath
Mildenhall
Red Lodge
Burwell
Newmarket
Haverhill

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.