Bottesford home completes on Freehold with multiple mortgages

In January 2010, specialist Solicitor Stephanie Gerstler completed the Conveyancing in Bottesford on the purchase of a freehold residential property.   The recently restored 3 bedroom home is located in Nottingham Road, Bottesford NG3 and was purchased for roughly £230 000.  

The Land Registry documentation revealed that the property was subject to rights/restrictions relating to access, drainage, usage of sewers and other services (as set out in a deed dated 29/03/2001) and further investigation was necessary to ensure that these were fully complied with.

It was also discovered that the property had more than one mortgage, so was necessary to ensure that the vendors were not in negative equity and the sale price would discharge all mortgages over the property.

The property falls under the local authority of Rushcliffe Council and the estate agent used was the branch of West Midland firm Newton Fallowell serving the Bottesford area.

The seller’s Solicitor was Chattertons who also undertake Conveyancing in Bottesford.