Property Practice 6 Incomplete

Question 1

Class F Land Charge

Answer 1

Statutory home rights

Question 2

Class C Land Charges

Answer 2

i. Puisne mortgages
vi. Estate contracts

Question 3

Class D Land Charges

Answer 3

ii. restrictive covenant
iii. equitable easement

Question 4

Unregistered land: when is the B bound by a trust interest

Answer 4

They are bound unless they are Equity’s Darling (a bona fide purchaser of a legal estate for value without notice).

Not Equity’s Darling if you have any kind of notice - even imputed notice.

Question 5

SDLT on assignment

Answer 5

SDLT is paid on the rent when the lease is first granted, calculated using net present value. Therefore, on assignment SDLT only payable on the purchase price.