4. Post Completion Steps By Buyer's Solicitor

Front 1

Step 1

Back 1

Check title documents

Front 2

Step 2

Back 2

If it is a company buyer you need to register the charge with Companies House within 21 days from date of creation. Need to agree between lender and buyer's solicitor who will register. Failure to register will result in fine against the buyer (Companies Act s.860). Failure to register by responsible solicitor will also be construed as negligence. You also have to register by way of legal mortgage at Land Registry using form AP1

Front 3

Step 3

Back 3

Need to pay SDLT and lodge Land Transaction Return with HMRC through posting SDLT1 or e-submission SDLT form within 30 days.

Then need to receive SDLT5 certificate from HMRC in order to be able to register transfer with land registry.

Front 4

Step 4

Back 4

Register at Land registry (Required by s4 and 27 of LRA 2002) by doing AP1 and sending along with certified copies of:

1. TR1

2. DS1

3. Legal charge or debenture

4. Registration certificate from Companies House

5. SDLT5

For registered titles you need to apply to register within the 30 day priority period.

Front 5

Step 5

Back 5

Check the Title Information Document which will be sent by Land Registry once registration completed. This will be a set of updated official copies.

Front 6

Step 6

Back 6

Take instructions re where the documents relating to the property should be held.