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24 Cards in this Set
- Front
- Back
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If a property/land were unregistered and you were now doing its first sale, what would you have to include in the conveyance (TR1) by sewing or binding it to the TR1? |
A plan of the land for the Land Reg to put on file |
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When survey results come back for a property on which a mortgage is being obtained - what must you then do? |
Write to the mortgage lender to ensure they are still willing to lend the money |
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What 4 things does the LLC1 ask the local council to check for? |
1. Outstanding charges due to the council 2. Check for any planning permissions 3. Building restrictions 4. Preservation orders |
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What form accompanies the LLC1 to be used if you require further info than the LLC1 offers? |
CON29 |
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What are 3 of the things that you can use the CON29 to find out? |
1. Compulsory Purchase Orders (CPOs) 2. Plans for roads 3. Plans for drainage |
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When filling out the TR1 form - what address do you put for "transferee's intended address for service"? (transferee being the person buy the property) so it's asking what address you want the final deed sent to. |
You'd put the purchase property - as the TR1 is sent to LR to be completed once all monies paid and transaction done. |
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When filling out the TR1 online, underneath the execution section (where every party to the transaction signs) what do you need to put in the next section and how do you do this? |
Attestation clauses - you do this by clicking on the option that says "select clauses" You then select the "execution of deeds by individuals Attestation Clause" |
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What is a K16 used for? |
When a client is borrowing for a mortgage, we do a bankruptcy search on behalf of the lender. If client has been bankrupt it may affect their application. |
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What is a key number in regards to a K16? |
It's a number that you put on the K16 to identify your office so that you don't need to put your address |
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Where is both the K16 and OS1 sent? |
To the Land Registry |
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What is an OS1? |
It's used to make sure there have been no alterations or amendments to the registers since the transaction started |
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On the OS1, who is the registered proprietor? |
Person selling the house |
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When doing an OS1 when the client is getting a mortgage - who will you put as the applicant on the OS1? |
Both the name of the purchaser(s) AND the name of the lender ie North Building Society |
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What are the 2 parts to every lease? |
The Lease - signed by the Lessor The Counterpart - signed by the Lessee The documents are then exchanged |
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When writing to bank on behalf of client to find out redemption amount, what are the 3 parts to the subject? |
ROLL NUMBER: 56789 MORTGAGOR: MR & MRS ORANGE PROPERTY: 77 NEW ROAD.. |
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What is the difference between a bill of costs and a statement? |
A bill of costs is a breakdown of all your legal fees you are charging client A statement is a breakdown of the clients finances - it shows the amount of the sale price of their property (less all the outgoings, ie legal fees, estate agent fees, mortgage redemption etc) Then cost of purchasing the new property broken down (ie purchase price: less any mortgage amount they taken out) plus expenses (search fees, legal fees, SDLT, Land registry fees etc See page 195 |
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Which solicitor is it that draws up the draft contract? |
The sellers solicitor |
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Which solicitor prepares the TR1? |
The buyers solicitor |
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What is the other form that the buyers solicitor will send along with the TR1? And what is it for? |
They will send a TA13 with the TR1 The TA13 is the "Completion Information and Requisitions on Title" form |
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At what stage will the buyers solicitor send the TR1 and the Completion Information and Requisitions on Title form? And at what stage will the sellers solicitor have to respond by? |
The buyers solicitor will send the TR1 and TA13 at the raising enquiries stage The sellers solicitor has to respond before exchange of contracts |
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Family: In which type of divorce case might you expect to have a Co-respondent as well as the Respondent? |
Adultary cases |
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There is only one ground for divorce which is... |
Irretrievable breakdown |
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In order to demonstrate irretrievable breakdown, at least one of the five facts must be proved. What are the 5 facts? |
Adultery Unreasonable behaviour Disertion of 2 years Lived apart for 2 years (needs respondents consent) Lived apart for 5 years |
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Family dpt: What is a statement of reconciliation used for? (form D6) |
For the solicitor to sign in order to declare that they have informed client about reconciliation and given them names and addresses of those who can help with reconciliation process |
