Purchase of leasehold property : Ventnor, PO38 - Conveyancing in Isle Of Wight - exchanged

In July 2009 Fridaysmove residential conveyancing Isle Of Wight team previously acted on the purchase conveyancing for a 122 year leasehold for a property valued at around £115, 500. 00 located at Ventnor, PO38. This home is in the local authority area of Isle Of Wight. Additional enquiries were raised within the same day of receiving letter with draft contract papers (including Standard Conditions of Sale, Official Copies, Land Registry Documentation). As this property is in a conservation area, conveyancers need take extra precautions in case any alteration have been made. The Land Registry Office Copies supplied were out of date and accordingly fresh copies were requested from the sellers conveyancing solicitor.

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 managing agent is South Wight Housing Association. Dawn Thomas was the property lawyer in charge of conveyancing in Isle Of Wight, South East England. The estate agent's memo of sale detailing the sellers conveyancing solicitor was obtained shortly before receiving the letter with draft contract papers. The estate agent was the Webb and Jenkins branch covering Isle Of Wight. The seller's conveyancing solicitor Isle Of Wight was Grindeys LLP - DX 21061 Stoke On Trent. South East England, Isle Of Wight - Conveyancing - leasehold : Isle Of Wight