In August 2007 Fridaysmove conveyancing lawyers of the Upper Tooting team were instructed to handle the purchase conveyancing for a freehold property valued at around £480, 000. This property is located in Tooting, London.
Fridaysmove discovered that the property was at risk of natural subsidence – further details can be viewed in the environmental searches. Properties can be at risk from natural subsidence but some more affected than others. Many factors will contribute to the level of risk your property will of natural subsidence. Some of these can include the construction materials the property is built of, the age of the property, the type as well as the proximity, size and age of nearby vegetation, the age and condition of local drains and climatic conditions. The main factor that contributes to natural subsidence is ‘Clay Shrinkage’ and this is a symptom of the type, depth and nature of the clay soil surrounding and underpinning the property in question.
The Land Registry Office Copies supplied to us also revealed that the registered 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.
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 sales memorandum detailing the registered owners conveyancing lawyer was obtained shortly before receiving the draft contract documentation. 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
Michelle Francis was the Fridays property lawyer in charge of conveyancing in Upper Tooting, Wandsworth, South West London.
The estate agent was the http://www.haart.co.uk" target="_blank">Haart branch covering Upper Tooting.
The local authority area of the home is http://www.wandsworth.gov.uk/" target="_blank">Wandsworth Council .
The seller's conveyancing solicitor Upper Tooting was Caplans – DX 4201 Harrow 1. Wandsworth, South West London.
If you would like to know more about conveyancing or have any questions regarding conveyancing, then please feel free to contact Fridaysmove conveyancing lawyers. Fridaysmove have headquarters just a stone's throw from London's St Pancras International, Fridaysmove are the UK's leading conveyancing specialist serving the whole of England and Wales. Fridaysmove consistently out perform market conditions and with current market turbulence, you simply cannot afford to instruct reactive property lawyer s.
Well over 150 estate agent brands refer their clients to Fridaysmove as they know this is the best you can do towards giving your purchase or sale the optimum chance of a successful completion.