In May 2008 our specialist conveyancing Finsbury Park team handled the purchase conveyancing for a 99 year leasehold for a residential home valued at around £260, 000. 00 located at 114 Blackstock Road, London, N4. The local authority for this home is Haringey Council Borough Of London - www.haringey.gov.uk/.
Additional conveyancing questions were rendered within the same day of receiving legal papers. 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. Office Copies obtained from the Land Registry revealed that the vendors had owned the property for less than three months.
The CML (Council of Mortgage Lenders) Handbook dictates that conveyancing solicitors have to reveal to the buyer's lender in any situation where a property being purchased has been owned for less than six months. This is due to valuation reasons. As such we had to make specific enquiries on behalf of the lender.
The Seller's Property Information Form (SPIF) as supplied by the vendors was more than two months old and therefore we needed to have this refreshed. Mary Spiteri-Panayi was the property lawyer in charge of conveyancing in Finsbury Park, Islington, North London, London. The estate agent's memorandum of sale detailing the vendors licensed conveyancer was obtained shortly before receiving the legal papers. The estate agent was the Ludlow Thompson branch covering Finsbury Park.
The seller's conveyancing solicitor Finsbury Park was Meaby and Co. - DX 353000 Camberwell Green. Islington, North London, London, Finsbury Park - Conveyancing - leasehold : Finsbury Park
Please note that in addition to conveyancing in Islington we also carry out Lease Extensions in Islington