In January 2008 Fridaysmove Legal property lawyer s Finchley conveyancing team were conducted to do a residential conveyancing on a 99 year leasehold property valued at around £255, 000. The property is located at Squires Lane, Finchley, London.
The national average to conclude a conveyancing transaction is 90 days. Fridaysmove completed this matter within 64 days of receiving the contract papers from the vendors property lawyer .
The handling conveyancer discovered that there were Planning permissions affecting this residence. The Land Registry Office Copies supplied revealed that the vendors 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 Land Registry documentation revealed that the property was subject to restrictions/rights/covenants as set out in a conveyance dated 17/07/1898. It was important that we check with the vendors property lawyer that the aforementioned restrictions/covenants etc. had been fully complied with.
The estate agent's memorandum of sale detailing the vendors property lawyer was obtained shortly before receiving the contract papers. This document outlines the sale/purchase property, the price, the Purchaser and the Seller’s details and details of their respective conveyancing teams. It is worth noting that a Sales Memorandum does nothing more than record 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 estate agent was the Bairstow Eves branch covering Finchley.
Michelle Francis was the Fridays property lawyer in charge of conveyancing in Finchley, Barnet, North London.
The property is in the local authority of Barnet Council .
The seller's conveyancing solicitor Finchley was Fridaysmove Limited - DX 37900 Kings Cross. Barnet, North 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.