In June 2009 our specialist conveyancing Frinton On Sea team were handling the purchase conveyancing for a freehold for a residential home valued at around £257, 000. 00 located at Frinton-on-Sea, Essex, CO13. The local authority for this home is Tendring Council - www.tendringdc.gov.uk/.
Additional conveyancing questions were rendered within the same day of receiving legal papers. 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. Office Copies obtained from the Land Registry revealed that the vendors had owned the property for less than three months.
The CML (Council of Mortgage Lenders) Handbook dictates that conveyancing solicitors have to reveal to the buyer's lender in any situation where a property being purchased has been owned for less than six months. This is due to valuation reasons. As such we had to make specific enquiries on behalf of the lender. The Land Registry documentation revealed that the property was subject to restrictions/rights/covenants as set out in a deed dated 03/09/1886. It was important that we check with the vendors licensed conveyancer that the aforementioned restrictions/covenants etc. had been fully complied with. Serina Abay was the property lawyer in charge of conveyancing in Frinton On Sea, Essex, East of England.
The estate agent's memorandum of sale detailing the vendors licensed conveyancer was obtained shortly before receiving the legal papers. The estate agent was the Rouse Estate Agents branch covering Frinton On Sea. - http://www.rouse-estates.co.uk. The seller's conveyancing solicitor Frinton On Sea was Ellisons Solicitors - DX 54403 Frinton On Sea. Essex, East of England, Frinton On Sea - Conveyancing - freehold : Frinton On Sea