In April 2008 Fridays Northfields conveyancing team were instructed on the purchase conveyancing for a 999 year leasehold property valued at around £290, 000. The property is located at Argyle Road And Garrage, London.
Fridaysmove conveyancing team discovered that the property was at risk of natural subsidence - 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.
Fridaysmove made additional conveyancing enquiries and these were served within the same day of receiving sale documentation (including documentation from the Land Registry).
The Land Registry Office Copies supplied revealed that the registered proprietors 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.
There was a concerning discrepancy between details of the registered proprietors as per the sale documentation as against the Official Copies. This was obviously significantly important to clarify as our conveyancing lawyer needed to be sure that the registered owner and the seller on the contract were one and the same.
Mary Spiteri-Panayi was Fridaysmove property lawyer in charge of conveyancing in Northfields, Hounslow, West London.
The estate agent's sales particulars detailing the registered proprietors conveyancing solicitor was obtained shortly before receiving the sale documentation.
The estate agent was the Townends branch covering Northfields.
The local authority area of the residence is Ealing Council Borough Of London .
The seller's conveyancing solicitor Northfields was FRIDAYS LEGAL SERVICES - Hounslow, West 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.