Purchase of leasehold residential dwelling : Oxley Village, Milton Keynes, Buckinghamshire, MK5

In May 2009 our property conveyancing Loughton and Shenley team previously acted on the purchase conveyancing for a 99 year leasehold for a residential dwelling valued at around £43, 750. 00 located at Oxley Village, Milton Keynes, Buckinghamshire, MK5.

The local authority area of the property is Milton Keynes Council - www.miltonkeynes.gov.uk/.

Conveyancing inquiries were issued within the same day of receiving purchase agreement with ancillary conveyancing documentation (including Official Copies). The local authority search revealed that Redgrave drive 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 owners as to ownership of the road and practical arrangements in terms of maintenance and upkeep. Planning permissions were revealed on the property and investigated by our conveyancing in Loughton and Shenley planning department.

The Land Registry Office Copies supplied were out of date and accordingly fresh copies were requested from the owners conveyancing solicitor. 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 a Transfer at Undervalue.

Catherine Williams was the property lawyer in charge of conveyancing in Loughton and Shenley, Milton Keynes, South East England. The estate agent's sales particulars detailing the owners property solicitor was obtained shortly before receiving the purchase agreement with ancillary conveyancing documentation. The estate agent was the Michael Anthony branch covering Loughton and Shenley. - Owen White - DX 3409 Slough. Milton Keynes, South East England, Loughton and Shenley - Conveyancing - leasehold : Loughton and Shenley