In August 2009 Fridaysmove residential Mitcham conveyancing team acted on the purchase conveyancing for a freehold property valued at around £298, 500. This property is located in Mitcham, Surrey.
Fridaysmove ensured that the comprehensive conveyancing enquiries were emailed within the same day of receiving contract papers. The local authority search revealed that there was a possibility that the Hackney Railway Line Extension Project railway scheme was noted as affecting this area. Fridaysmove needed to satisfy themselves that this would not adversely affect the structural integrity of the property.
The Land Registry Office Copies supplied to us 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.
Transfer at Undervalue: The estate agent's particulars of sale detailing the registered owners conveyancing specialist was obtained shortly before receiving the conveyancing agreement. This document outlines the sale/purchase property, the price, the Purchaser and the Seller’s details and details of their respective conveyancing teams. It is worth noting that a Sales Memorandum does nothing more than record the agreement reached between the parties subject to contract and forms no part of a contract for the sale of the said property between the parties .
The estate agent's memorandum of sale detailing the vendors property lawyer was obtained shortly before receiving the contract papers. This document outlines the sale/purchase property, the price, the Purchaser and the Seller’s details and details of their respective conveyancing teams. It is worth noting that a Sales Memorandum does nothing more than record the agreement reached between the parties subject to contract and forms no part of a contract for the sale of the said property between the parties
Mary Spiteri-Panayi was the Fridays property lawyer in charge of conveyancing in Mitcham, Merton, South West London.
The estate agent was the Kinleigh Folkard and Hayward branch covering Mitcham.
The local authority for this property is Merton Council
The seller's conveyancing solicitor Mitcham was Meaby and Co. – DX 353000 Camberwell Green. Merton, South West London.
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