In August 2009 Fridays Canary Wharf and Poplar conveyancing team acted on the purchase conveyancing for a 999 year leasehold property. The property was valued at around £240, 000 and located at Ferndown Lodge, 260 Manchester Road, London, E14.
Fridaysmove Legal property lawyer s raised additional enquiries within the same day of receiving letter with draft contract papers (including Standard Conditions of Sale, Official Copies, Land Registry Documentation).
The Land Registry Office Copies supplied revealed that the sellers had owned the property for less than five years and as such there was a danger that the transfer of the property to the seller could be set aside if it was established that the property within that five year period was a Transfer at Undervalue.
Transfer at Undervalue: The transfer of property or an interest in it (for example a transfer by the owner into the joint names of himself and another) by way of gift or for a price less than the current market value of the property.
The Fridays handling conveyancer also discovered that there were Planning permissions affecting this residence. More information about this can be obtained from the local planning office.
The estate agent's memo of sale detailing the sellers conveyancing solicitor was obtained shortly before receiving the letter with draft contract papers. The sales memorandum outlines the sale/purchase property, the Buyer and the Sellers details and details of their respective legal team. A Memorandum of Sale simply records the agreement reached between the parties subject to contract and forms no part of a contract for the sale of the said property between the parties.
The managing agent is Residential Management Group. Serina Abay was the property lawyer in charge of conveyancing in Canary Wharf and Poplar, Tower Hamlets, East London.
The estate agent was the Felicity J Lord branch covering Canary Wharf and Poplar.
The local authority area of the residence is Tower Hamlet Council .
The seller's conveyancing solicitor Canary Wharf and Poplar was Fridaysmove Limited - DX 37900 Kings Cross. Tower Hamlets, East London, London.
If you would like to know more about conveyancing or have any questions regarding conveyancing, then please feel free to contact Fridaysmove conveyancing lawyers. Fridaysmove have headquarters just a stone's throw from London's St Pancras International, Fridaysmove are the UK's leading conveyancing specialist serving the whole of England and Wales. Fridaysmove consistently out perform market conditions and with current market turbulence, you simply cannot afford to instruct reactive property lawyer s.
Well over 150 estate agent brands refer their clients to Fridaysmove as they know this is the best you can do towards giving your purchase or sale the optimum chance of a successful completion.