Conveyancing on the Purchase of Leasehold Residential Property : 26 Mount Terrace, London

In February 2007, Fridaysmove  Whitechapel and Shoreditch conveyancing team acted on the purchase conveyancing for a 125 year leasehold property valued at around £235, 000. The property is located at 26 Mount Terrace, London, E1.

Fridaysmove conveyancers uncovered a 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.

The property was also found to be in a conservation area. 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 ) :

  • demolition
  • minor developments 
  • the protection of trees

The home was noted as a listed building. Fridaysmove property lawyer s 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. The handling conveyancer discovered that there were Planning permissions also affecting this residence.

The estate agent's memo of sale detailing the sellers conveyancing solicitor/licensed conveyancer was obtained shortly before receiving the sale contract. 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.

Michael Clark was the Fridaysmove Legal property lawyer in charge of conveyancing in Whitechapel and Shoreditch, Tower Hamlets, East London.

The local authority area of the property is Tower Hamlet Council .

The estate agent was the Ludlow Thompson branch covering Whitechapel and Shoreditch.

The seller's conveyancing solicitor Whitechapel and Shoreditch was Mackintosh Duncan Solicitors - DX149167 Southwark 9. Tower Hamlets, East 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.