AssumingI was to acquire a simple residential housein Hazlemere mortgage fee and dispense with a survey and no local authority searches how much would I expect to to save on my conveyancing in Hazlemere?

Any savings you would make will be limited to the Hazlemere conveyancing searches. A property lawyer is required to do the vast majority of work - money laundering, correspond with the vendors property lawyer, stamp duty submission, register the property etc. You might save a bit for them not having to register a mortgage however it won't be significant.

Do I find a Licenced Conveyancer or Solicitor for conveyancing in Hazlemere?

There are many recorded licenced Conveyancers in Hazlemere and Solicitor partnerships in Hazlemere who can help with your conveyancing It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in the home buying process. Both can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

When it comes to lenders such as Barclays, do Hazlemere property lawyers have to pay a fee to be on the list of approved solicitors?

We are not aware of any lender fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.

I have instructed a Hazlemere conveyancer having made sure that they are on the Barclays conveyancing panel. Does my lawyer arrange the survey of the property?

Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Hazlemere surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.

I am purchasing a new build house in Hazlemere with a loan from The Royal Bank of Scotland. The sellers refused to budge the price so I negotiated 6k of additionals instead. The sale representative suggested that I not disclose to my conveyancer about the extras as it could affect my mortgage with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Am I best advised to choose a Hazlemere conveyancing solicitor based in the area that I am purchasing? I have an old university friend who can perform the conveyancing but his firm is located approximately 350kilometers drive away.

The primary upside of using a local Hazlemere conveyancing firm is that you can visit the firm to execute paperwork, present your ID and pester them where appropriate. Having local Hazlemere know how is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and the majority were happy that must trump using an unknown Hazlemere conveyancing lawyer solely due to them being local.

In relation to leasehold conveyancing in Hazlemere what are the most common lease problems?

There is nothing unique about leasehold conveyancing in Hazlemere. Most leases are drafted differently and legal mistakes in the legal wording can result in certain provisions are wrong. The following missing provisions could result in a defective lease:

Clauses dealing with recovering service charges for expenditure on the building or common parts.

You could have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, Coventry Building Society, and Clydesdale all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, forcing the purchaser to pull out.

I bought a studio flat in Hazlemere, conveyancing was carried out in 2003. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Hazlemere with a long lease are worth £222,000. The average or mid-range amount of ground rent is £50 levied per year. The lease runs out on 21st October 2094

With 70 years unexpired we estimate the price of your lease extension to range between £9,500 and £11,000 as well as professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures 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. Neither should you take any other action placing reliance on this information before getting professional advice.