Purchase of freehold residential property : Yaxley, Peterborough, Cambridgeshire, PE7 -

In Spring 2007 Fridaysmove conveyancing Cambridgeshire team handled the purchase conveyancing for a freehold for a residential property valued at around £284, 000. 00 located at Yaxley, Peterborough, Cambridgeshire, PE7.

The local authority area of the residence is Huntingdonshire Council - www.huntsdc.gov.uk/. The local authority search revealed that Ferndale and Bentley are 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 sellers as to ownership of the road and practical arrangements in terms of maintenance and upkeep.

The handling conveyancer discovered that there were Planning permissions affecting this residence and needed to ensure that all conditions to the permissions were adhered to.

The Land Registry Office Copies supplied revealed that the sellers 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.

The Land Registry documentation revealed that there was a missing transfer. The conveyancer had to be satisfied that this would either not affect the property or take out indemnity insurance.

Mary Spiteri-Panayi was the property lawyer in charge of conveyancing in Cambridgeshire, East of England. The estate agent's memo of sale detailing the sellers conveyancing solicitor/licensed conveyancer was obtained shortly before receiving the sale contract.