Post-Completion (Stage 6)

Question 1

After completion, if B is a company, how long does S’s solicitor have to register any charge (e.g. mortgage) against the property at Companies House?

Answer 1

21 days

Question 2

How many days within completion must B’s solicitor pay SDLT and/or complete the SDLT1 form?

Answer 2

14 days

Question 3

Within how many days within the official search with priority must B’s solicitor register title?

Answer 3

30 working days

Question 4

How long does B’s solicitor have to register a mortgage (which triggers first registration)?

Answer 4

Within 2 months of completion of mortgage

Question 5

A conveyance of a new leasehold for more than how many years will require B’s solicitor to apply to register the lease at HMRC to create new title?

Answer 5

7 years

Question 6

What 2 things will the seller’s solicitor do during the post-completion of an assignment of an existing lease?

Answer 6

1. Send B’s solicitor the original lease + license to assign
2. Prepare final service charge adjustment

Question 7

What 2 things will buyer’s solicitor do during the post-completion of an assignment of an existing lease?

Answer 7

1. Arrange payment of SDLT
2. Serve notice to landlord of the assignment