Purchase of leasehold residential dwelling : Walkers Lodge, 579 Manchester Road, London, E14

In June 2007.

Local authority: Tower Hamlet Council.

Estate Agent: Felicity J Lord.

Property Value: £320, 000, 00.

Fridaysmove Lawyers: Our property conveyancing Canary Wharf and Poplar team conducted the purchase conveyancing for a 999 year leasehold for a residential dwelling located at Walkers Lodge, 579 Manchester Road, London, E14.

In the UK it normally takes around 90 days to complete a conveyancing sale or purchase, but Fridaysmove lawyers managed to conclude this matter within 68 days of receiving the purchase agreement. With t5he ancillary conveyancing documentation from the owners property solicitor.

A risk of natural subsidence was uncovered

The handling conveyancer discovered that there were Planning permissions affecting this residence.

The Land Registry Office found the owners had owned the property for less than five years. If it was established that the property within that five year period was a Transfer at Undervalue.

Transfer at Undervalue means: The transfer of property or an interest in it (for example a transfer by the owner into the joint names of himself and another) by way of gift or for a price less than the current market value of the property.

Jemma Houghton was the property lawyer in charge of conveyancing in Canary Wharf and Poplar, Tower Hamlets, East London.

A useful conveyancing tip: Disbursements means Payments are paid on your behalf, such as search fees.