In February 2008 Fridays Clapton conveyancing team took instruction on the purchase conveyancing for a 150 year leasehold property valued at around £250, 000. The property is located at Woodmill Road, Hackney, London.
Fridaysmove specific conveyancing enquiries were sent within the same day of receiving sale and purchase agreement. We discovered that the Land Registry Office Copies supplied to us were out of date. Fresh copies were requested from the vendors conveyancing solicitor.
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.
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 Land Registry documentation revealed that the property was subject to restrictions/rights/covenants as set out in a transfer dated 31/03/2005. It was important that our conveyancers check with the vendors conveyancing solicitor that the aforementioned restrictions/covenants etc. had been fully complied with.
The estate agent's memo of sale detailing the vendors conveyancing solicitor was obtained shortly before receiving the sale and purchase 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 managing agent is Altius One (Hackney) Management Company Limited.
Dawn Thomas was the property lawyer in charge of conveyancing in Clapton, Hackney, East London.
The local authority for this residence is Hackney Council Borough Of London.
The estate agent was the Cityzen branch covering Clapton.
The seller's conveyancing solicitor Clapton was Fridaysmove Limited – DX 37900 Kings Cross. Hackney, East London.
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