Leasehold property in New Cross SE14 exchanged 15/01/2009

In January 2009 our property conveyancing New Cross team were instructed on the purchase conveyancing for a 999 year leasehold for a property valued at around £160, 000. 00 located at London, SE14. This property is in the local authority of Lewisham Council Borough Of London - www.lewisham.gov.uk/.

Specific conveyancing enquiries were sent within the same day of receiving sale and purchase agreement (including Copy Deeds). The local authority search revealed that there was a possibility that the Hackney Railway Line Extension Project railway scheme was noted as affecting this area. We needed to satisfy ourselves that this would not adversely affect the structural integrity of the property.

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. The Land Registry documentation revealed that the property was subject to restrictions/rights/covenants as set out in a conveyance dated 30/03/1987. It was important that we check with the vendors conveyancing solicitor that the aforementioned restrictions/covenants etc. had been fully complied with.

Sayrha Elahi was the property lawyer in charge of conveyancing in New Cross, Lewisham, South East London, London. The estate agent's memo of sale detailing the vendors conveyancing solicitor was obtained shortly before receiving the sale and purchase agreement. The estate agent was the Ludlow Thompson branch covering New Cross.

The seller's conveyancing solicitor New Cross was RMNJ Solicitors - DX: 17886 Birkenhead. Lewisham, South East London, London, New Cross - Conveyancing - leasehold : New Cross