In April 2007 our property Bethnal Green conveyancing team acted on the conveyancing of a 125 year old leasehold for a property valued at £350, 000 in Bethnal Green.
The local authority for this E2 property was Tower Hamlet Council.
The conveyancing solicitor discovered that there were planning permissions affecting this residence.
The environmental searches carried out on the property revealed that it was at risk of flooding.
The Land Registry Office Copies supplied revealed that the owners 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 transferred at undervalue. David Abraham was the property lawyer in charge of conveyancing transaction.
We needed to check with the owners whether or not the property had ever suffered from flooding as well as make sure that the insurance would be available to cover the risk of flooding.
The estate agent's sales particulars detailing the owners property solicitor was obtained shortly before receiving the purchase agreement with additional conveyancing documentation. The estate agent was the Foxtons branch covering Bethnal Green.