Fridaysmove Conveyancing Transaction in 37 Days on Leasehold Property in Shoreditch and Whitechapel Area

In November 2008 Fridays Whitechapel and Shoreditch conveyancing team of  area conducted the purchase conveyancing for a 125 year leasehold property valued at around £206, 000. The property is located at Devonport Street, London, E1.

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

The national average to conclude a conveyancing transaction is 90 days. Fridaysmove completed this matter within 37 days of receiving the contract papers from the vendors property lawyer .

The local authority search revealed that Internal accessways was an unadopted road in this area. This was of concern to the buyer and their mortgage lender.

An Unadopted or private road does 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. Further investigations need to be made with the vendors as to ownership of the road and practical arrangements in terms of maintenance and upkeep. The handling conveyancer also discovered that there were Planning permissions affecting this residence.

The Land Registry Office Copies that we were supplied were out of date and fresh copies were requested from the vendors conveyancing solicitor.

The Seller's Property Information Form (SPIF) as supplied by the vendors was more than two months old and therefore we needed to have this refreshed. The sellers property information form is part of the Law Society's National Conveyancing Protocol to be completed by a seller in a conveyancing transaction. It is not a compulsory document for a HIP. The sellers property information form gives details about the property  such as neighbour disputes and boundaries and the answers therein are legally binding on the seller.

The managing agent is Arta Residents Management Company Limited.

Mary Spiteri-Panayi was the Fridaysmove property lawyer in charge of conveyancing in Whitechapel and Shoreditch, Tower Hamlets, East London.

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 Felicity J Lord branch covering Whitechapel and Shoreditch.

The seller's conveyancing solicitor Whitechapel and Shoreditch was Fridaysmove Limited - DX 37900 Kings Cross. 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, Barnet, North London, NW7.