In September 2009, our specialist conveyancing Cambridgeshire team were instructed on the purchase conveyancing for a freehold, for a residential home valued at around £145, 000. 00. The property was located at Stanground, Peterborough, PE2. Peterborough Council being the local authority area of the home.
Extra conveyancing questions were rendered within the same day of receiving legal papers. Our client's surveyor noted that a sun room had been completed at the property.
Appropriate Building Regulations and Planning Permission copies were requested by our conveyancing team. Following this, the handling conveyancer discovered that there were planning permissions affecting the residence.
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. This led to us making specific enquiries on behalf of the lender.
The Land Registry documentation revealed that the property was subject to restrictions/rights/covenants, as set out in a conveyance dated 14/10/1979. It was important that we check with the vendors licensed conveyancer that the restrictions/covenants had been fully complied with.
Dawn Thomas was the property lawyer in charge of conveyancing in Cambridgeshire. 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 Sharman Quinney Estate Agents branch. The seller's conveyancing solicitor, in the area of Cambridgeshire, was Move Home Legal.