In December 2007 Fridaysmove Whitechapel and Shoreditch conveyancing team conducted the purchase conveyancing for a 999 year leasehold property valued at around £400, 000. The property is located at Stepney City Apartments, 49 Clark Street, London, E1.
Fridaysmove Legal property lawyer s managed to conclude this transaction within 30 days receiving the sale contract. The national average for this is 90 days.
Fridaysmove conveyancing lawyer identified a risk of natural subsidence on the property – 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. We also discovered that there were Planning permissions affecting this residence.
The Land Registry Office Copies supplied revealed that the sellers 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. 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.
The estate agent's memo of sale detailing the sellers conveyancing solicitor/licensed conveyancer was obtained shortly before receiving the sale contract. 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 was the http://www.stirlingackroyd.com" target="_blank">Stirling Ackroyd branch covering Whitechapel and Shoreditch.
The local authority area of the property is http://www.towerhamlets.gov.uk/" target="_blank">Tower Hamlet Council .
Alyson Stevenson was the Fridaysmove Legal property lawyer in charge of conveyancing in Whitechapel and Shoreditch, Tower Hamlets, East London.
The seller's conveyancing solicitor Whitechapel and Shoreditch was J V Vobe and Co – DX 15051 Coleshill. Tower Hamlets, East 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.