Conveyancing in Fakenham
Conveyancing is the legal process of transferring a property from one person to another or the process of securing a mortgage. If you need a solicitor for conveyancing in Fakenham, we can help you with fast & proactive conveyancing from a national panel of conveyancing specialists.
We have years of experience helping homemovers in Fakenham and throughout North Norfolk handle their sale, purchase, buy-to-let, Help to Buy, Right to Buy, shared ownership, new build, leasehold, lease extensions, remortgage and transfer of equity.
Other areas covered: Dereham, Kings Lynn and Norwich
Buying property in Fakenham
A market town in Norfolk, Fakenham is known for its horse racing at Fakenham Racecourse and the nearby Pensthorpe Natural Park. Popular residential areas include Sculthorpe and Hempton. Fakenham is well-served by bus routes to Norwich and King's Lynn. Fakenham has a population of approximately 7,500.
Council Tax in Fakenham (2023/24)
Fakenham is in North Norfolk District Council.
| Band | Amount |
|---|---|
| A | £1,419.45 |
| B | £1,656.03 |
| C | £1,892.60 |
| D | £2,129.18 |
| E | £2,602.33 |
| F | £3,075.48 |
| G | £3,548.63 |
| H | £4,258.36 |
What does a property lawyer do?
Your lawyer will handle all the legal elements of buying a property. This means carrying out comprehensive due diligence, such as ordering property searches, raising enquires, reviewing contracts of sale and registering your ownership of the property.
Fakenham conveyancing solicitors may undertake flood risk searches.
Buying with a mortgage?
Whether you are buying at auction or buying a house of multiple occupancy (HMO), your solicitor must also complete legal work for your mortgage bank.
Your transaction could take significantly longer to complete and also cost more if your conveyancer is not on your chosen mortgage provider's panel.
We work with solicitors who can represent the vast majority of mortgage lenders, facilitating a quicker completion of your transaction.
Read more:
Conveyancing for buying a property
Find out if our panel solicitors can act for your mortgage lender
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We can also assist buyers in Fakenham with the legal work for:
When you buy a house or flat in a Fakenham conservation area, your conveyancing solicitor will need to check for planning approval issues, e.g. paint and colour scheme restrictions or lack of building regulations for alterations. Conservation areas in Fakenham and across the North Norfolk local authority include Houghton St Giles, Hindringham and Felbrigg.Conservation area
New Build Conveyancing
The conveyancing process for buying a new build property in Fakenham is more complicated than buying an existing property.
A solicitor in Fakenham will need to be qualified to handle things like helping with mortgage offer extension terms, ensuring compliance with planning regulations and working with warranty providers such as NHBC Buildmark, Advantage and Castle.
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Buying a leasehold property
requires a number of extra steps when compared to buying a freehold. The many potential problems lying in wait for the unsuspecting purchaser can include legally technical issues like and onerous covenants.
An experienced leasehold conveyancer will look into all potential issues with the lease and report back to you.
Read more:
What you need to know about buying a leasehold property
Should I be wary of buying a leasehold house?
Should I buy a property with a short lease?
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When we factored in eveything that was included - this was the best quote we could find
Selling a house or flat in Fakenham
When selling property in Fakenham, the solicitor will assemble all essential documents, including the sale contract and the various property information forms. Duties include answering enquiries from the buyer's solicitor, dealing with complications like a landlord dispute and handling the mortgage redemption.
By taking action to coordinate with both sides, like estate agents and banks or building societies, your conveyancing solicitor will help make sure your property sale completes without a hitch.Does sale conveyancing take longer for leasehold?
Yes, compared to freehold conveyancing. The conveyancing for selling leasehold properties typically takes longer.
The buyer's solicitor must review this leasehold-related paperwork, including a copy of the freehold property's buildings insurance. Typically, delays are due to the time needed by to source this information.
Your conveyancing solicitor should start this process as soon as possible, because these details could take several weeks to collect if it is difficult to contact the agent responsible for managing the property or they are slow to respond.
Read more:
Selling a leasehold flat? What to do before going on the market
Conveyancing for selling a property
Remortgage in Fakenham
The Bank of England's current base rate is 5.25% (17 January, 2025)
Before you instruct, it's important that you confirm your conveyancing solicitor's lender panel membership.
We work with remortgage solicitors who are approved members of the majority of banks and building societies. Whether you are switching to an equity release mortgage from Santander or moving to a 3-year tracker rate with Hinckley and Rugby Building Society, our panel solicitors will make the process as simple and stress-free as possible.
Read more:
Find out if our panel solicitors can act for your lender
Get a remortgage conveyancing quote
Transfer of equity in Fakenham
If you plan to change the ownership shares of a property, whether you are buying out a joint owner, inheritance tax (IHT) planning or transferring the ownership of a property to your children, a transfer of equity is required.
Your lawyer can handle the legal work for a guaranteed fixed fee.
Read more:
Transfer of equity Stamp Duty calculator
Get a transfer of equity conveyancing quote
How much are solicitors' conveyancing fees in Fakenham?
When comparing solicitors' fees, conveyancing quotes may include several unfamiliar terms and concepts:
Legal fees
Conveyancing fees are paid to your lawyer for the legal work that they complete during your property transaction. Your conveyancing solicitor's quote will set out the legal fees (inc. VAT) that you'll pay when your transaction completes.
Conveyancing disbursements
Disbursements are the payments incurred by your lawyer during the conveyancing process. Third-party disbursements include Stamp Duty and property searches.
Check the terms and conditions
Beware of extra fees, when comparing quotes. Some firms include extra costs in the small print, resulting in an inflated final bill.
