In May 2008 Fridaysmove conveyancing lawyers Plumstead conveyancing team were instructed on the purchase conveyancing for a 125 year leasehold property valued at around £274, 000. The property is located at Boulter House, Royal Herbert Pavilions, Shooters Hill, London.
A risk of natural subsidence was uncovered - further details can be viewed in the environmental searches. Properties can be at risk from natural subsidence but some more affected than others. Many factors will contribute to the level of risk your property will of natural subsidence. Some of these can include the construction materials the property is built of, the age of the property, the type as well as the proximity, size and age of nearby vegetation, the age and condition of local drains and climatic conditions. The main factor that contributes to natural subsidence is ‘Clay Shrinkage’ and this is a symptom of the type, depth and nature of the clay soil surrounding and underpinning the property in question.
Because this property is in a conservation area, our conveyancers at Fridays needed take extra precautions in case any alteration have been made. The home was also noted as a listed building. Fridays needed to obtain a copy of the listing and ensure that all previous works at the property complied with the listed building requirements and planning permissions.
Where a conveyancing lawyer identifies a property is within a conservation area this means that the local authority has the following extra controls over the property ( over and above planning permission and building regulations ) :
- minor developments
- the protection of trees
The local authority search revealed that Gilbert Close is private was an unadopted road in this area. This was of concern to the buyer and their mortgage lender. Further investigations need to be made and with the registered owners as to ownership of the road and practical arrangements in terms of maintenance and upkeep. Unadopted or private roads do not belong to any Local Authority and they have no duty to maintain them. However, they may be rights of way - and/or highways for specific classes of vehicle. Fridaysmove property lawyer s also found that the property had an order to preserve trees existed at the property. The handling conveyancer also discovered that there were Planning permissions affecting this residence.
The Land Registry Office Copies supplied revealed that the registered owners 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 12/08/1982. It was important that we check with the registered owners conveyancing lawyer that the aforementioned restrictions/covenants etc. had been fully complied with.
The managing The seller's conveyancing solicitor Plumstead was Hatten Asplin Glenny - DX 8502 Barking. Greenwich, Southeast London.
The estate agent was the Felicity J Lord branch covering Plumstead.
The local authority for this home is Greenwich Council Borough Of 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.