In July 2010, Gemma Farguson, specialist property Conveyancing Solicitor in Colchester attended to the transfer of a freehold residential dwelling in Golden Noble Hill, Colchester on behalf of Mr and Mrs L.
The sale agreement was negotiated with the assistance of Estate Agent, Bairstow Eves Countrywide and a sale price of £196, 000 was agreed on. The property falls within the local authority area of Colchester City Council. No unusual findings were discovered in the local searches.
The building had been previously underpinned, thus it was imperative that the Conveyancing Team in Colchester ensure that the building was now structurally sound and no further work would be necessary incurring additional costs to the client.
Land Registry documentation revealed that the property had been owned for less than 5 years and there fore there was a risk the transfer could be set aside if it was discovered that the property within that 5 year period was a Transfer at Undervalue.
Gemma Farguson was satisfied with the findings and as part of the Conveyancing Team in Colchester, saw the matter transfer by the end of the month.