Finally, a mortgage agreement from Santander for the refinancing of my single bedroom flat is due by the end of next week. Are you able to put forward a low cost conveyancing lawyer in Newmarket?
You are on the wrong site if you are seeking cut-price fees for conveyancing in Newmarket. We can offer you affordable conveyancing but we do not work with the cheapest lawyers. Resist the temptation to appoint companies teasing you with £100 conveyancing in Newmarket. The optimum outcome, in going for cheap conveyancing, you will earn what you pay for and at worst you will end up invoiced for extras and still not receive the service required.
We wanted to use a property lawyer in Newmarket for our home move. Our financial adviser has since notified us that our mortgage company Birmingham Midshires won't deal with them. Surely this is unfair competition?
A mortgage company may direct that a panel solicitor act for it. Borrowers are expected to meet the charges for this. Try using our database to choose a solicitor to conduct conveyancing in Newmarket on the Birmingham Midshires approved list of solicitors.
How does conveyancing in Newmarket differ for newly converted properties?
Most buyers of new build or newly converted property in Newmarket approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Newmarket usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Newmarket or who has acted in the same development.
I have been on the look out for a flat up to £245,000 and found one near me in Newmarket I like with a park and station nearby, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Newmarket for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a mortgage the shortness of the lease will be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
We're new to the buying process - had an offer accepted, yet the property agent informed us that the seller will only move forward if we instruct their preferred conveyancers as they want an ‘expedited deal’. We would rather use a family conveyancer with experience of conveyancing in Newmarket
It is unlikely the sellers are driving this. Should the seller want ‘a quick sale', turning down a serious purchaser is likely to cause more damage than good. Avoid the agents and go straight to the sellers and make sure they understand (a)you are motivated buyers (b)you are ready to go, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you are going to appoint your preferred Newmarket conveyancing firm - not the ones that will provide their estate agent a referral fee or achieve conveyancing figures set by HQ.
Why can't I complete our conveyancing in Newmarket on Good Friday?
Because on completion the sale price needs to pass between the banks of the purchaser and seller's lawyer and at present this can only take place on a business day. So you can't complete on a saturday or sunday either.