SQE2 Property Advice (Interview/Writing/C&M) Flashcards
You act for the seller.
They ask you to explain your pre-contract to exchange responsibilities.
(a) Deduce Title
* Registered Land: LR Official Copies; Title Plan (LR); Copies Referred To
* Unregistered Land: Epitome of Title
(b) Answer Enquiries Raised by Buyer
(c) Prepare Draft Contract
You act for the buyer.
They ask you to explain your pre-contract to exchange responsibilities.
(a) Investigate Title
* Registered Land: Documents provided; Title Class; Restrictions on Register; Charges Register
* Unregistered Land: Land Charges Search; Index Map Search ; Stamp Duty
(b) Pre-Contract Searches
* CON29; LLC; Drainage & Water; Desktop Environmental; Chancel Repair Liability
* Optional Searches
* Form Report on Title
(c) Pre-Contract Enquiries
* Commercial: CPSE 1
* Residential: TA6 & TA10
(d) Arrange Mortgage
* Facility letter
* Certificate of Title
* CCLS for Commercial
(e) Approve Draft Contract
* Exchange (Formula B) and pay 10% Deposit
You act for the seller.
They ask you to explain your pre-completion to completion responsibilities.
(a) Approve Deed
* Once approved, seller always executes. However, buyer executes too if they provide a panel 11 obligation.
(b) Reply to Completion Information
* Respond to TA13 or SCR
(c) Discharge Mortgage
* Redeem Mortgage
* Receive DS1 or Receipted Mortgage
(d) Completion
* Receive Monies
* Telephone Buyer
* Date Deed
* Hold Deeds to Buyer’s Order
You act for the buyer.
They ask you to explain your pre-completion to completion responsibilities.
(a) Draft Deed
* Draft TR1. Leave date blank.
* Must be sent at least 8 days before completion date.
(b) Request Completion Information
* Residential: TA13
* Commercial: CPSE SCR
(c) Pre-Completion Searches
* Registered: OS1(whole): OS2 (part)
* Unregistered: K15
(d) Completion
* Pay Monies
* Call Buyer to Collect
You act for the seller.
They ask you to explain your post-completion responsibilities.
(a) Send TR1 to Buyer
* No later than end of next working day after completion
(b) Send Discharged Mortgage to Buyer
* Send DS1 or Receipted Mortgage Certificate
You act for the buyer.
They ask you to explain your post-completion responsibilities.
(a) Pay SDLT/LTT
* SDLT: Within 14 Days
* LTT: Within 30 Days
(b) Register Mortgage if a Company
* Within 21 Days at Companies House
(c) Registrarion at Land Registey
- Registered: Form AP1 + Deed; SDLT5/WLA Certificate; DS1 - (Within 30 days of OS1/OS2)
- Unregistered: Form FR1 + Certified Copies of Epitome; Deeds Referred to in Epitome; Land Charges Search (Within 2 Months).
Your client asks what deed will be used in the transfer. Explain the various deeds and when they will be used.
- TR1 - Selling Whole of Title
- TP1 -Selling Part of Title
- TR5 - Portfolio of Registered Titles
Your client wants to know what parties must sign the deed of transfer.
(a) Seller - Always Signs
(b) Buyer - Only if they….
- Provided Panel 11 Obligation
- Are holding the property as tenants in common
Your client is the buyer in a transaction.
They are purchasing registered land.
What pre-completion searches should they consider?
- OS1 - Registered Land Whole Title (30 working days priority); or
- OS2 - Registered Land Part Title (30 working days priority); or
- OS3 - Leases for 7 years or Less (No priority period)
If they are a company, and you represent the lender….
- K16 Bankruptcy Search on behalf of Mortgage Lender
Your client is the buyer in a transaction.
They are purchasing unregistered land.
What pre-completion searches should they consider?
K15 - Confers 15 Working Days priority. Registration must take place within 2 Months of Completion
You represent the seller in a transaction. They want advice on the various ways a morgage should be discharged.
- DS1 - Redeeming Whole Registered Title
- DS3- Redeeming Part of Registered Title (e.g. Development Estate)
- Receipted Mortgage - Unregistered Land
You represent the buyer. The transaction has completed. How do you register their title?
(a) Registered Title
- Form AP1
- 30 Working Days from Priority Search
- Failure to submit within priority period may result in registered interests binding
(b) Unregistered Title
- Form FR1
- Unregistered Title
- Within 2 Months of Completion
- Failure will render transaction void and legal title will revert to seller. Buyer maintains the equitable title.
Your client is the buyer of a property that has just completed. The property is in England. Explain stamp duty.
- SDLT (England)
- Submit and Pay within 14 days of completion
- Receive SDLT5 Certificate
Your client is the buyer of a property that has just completed. The property is in Wales. Explain stamp duty.
- LTT (Wales)
- Submit and Pay within 30 days of completion
- Receive WRA Certificate
Your client wants to sell their property. What must they obtain to market the property?
Obtain EPC
Grades between A - G
Valid for 10 Years
Your client is selling their house. They want a summary of the surveys they could have.
(a) Basic Valuation Survey
* Valuation & identify major obvious defects.
* Lenders will insist on a valuation
(b) Homebuyer Report
* Detailed Survey
* Property in a reasonable condition
* Property aged less than 150 years old
(c) Full Structural Survey
* Expensive - Full Survey
* Property is listed
* Property has had extensive renovations
* Alterations are planned
* Older than 150 years Old
You act for the buyer of unregistered land. Your client asks you to explain how you investigate title.
List the five stages of investigation.
(a) Review Epitome of Title
- Relevant Deeds (Root of Title)
- Copies of Referenced Documents
- Power of Attorney (If applicable)
- Death Certificate (Transfer by survivorship)
- Grant of Representation (Transfer by will or intestacy)
(b) Central Land Charges Search
- Shows charges noted on the register
(c) Index Map SIM Search
- Registered Titles within Boundary
- Pending Registration Applications
- Cautions Against First Registration
(d) Ensure deeds are valid
- Prior to 31 July 1990: Each deed signed, sealed, delivered
- August 1990: Signed and Delivered. No need for a seal.
(e) Ensure stamp duty is paid
- Default: Each deed stamped with an ad valorem stamp
- Exempt Deeds (Post 1931): Particulars Delivered Stamp and Certificate for Value
- If missing, the buyer solicitor should insist the seller pays the stamp duty with proof.
Your client, the buyer of unregistered land, asks you to explain what a ‘good root of title’ means when you explain the need to investigate deeds forming the epitome of title
- Dated more than 15 years ago
- Deals with both legal and beneficial title
- Adequately describes land being
- Does not cast doubt on the seller’s title
Your client wants to undetake interior works on their property. They want to know what, if any, consent is required.
The works will cause material impact to the interior only.
(a) Planning Permission
- Not required
- Planning permission is never required if the works are soley internal.
(b) Building Regulation Consent
- Required if works are for….
- Extension or Erection of Building
- Installation of Controlled Service/Fittings
- Material change to use of building
(c) Other Possibilities
- Listed Building? Listed Building Consent
- In Conservation Area? Planning Permission (England) or Conservation Area Consent (Wales).
Your client wants to external works on their property. They want to know what, if any, consent is required.
The works will cause material impact to the exterior..
(a) Planning Permission
- Required
- Planning permission is required if the external works are material.
- Not required if the work is not material or covered by GPDO.
(b) Building Regulation Consent
- Required if works are for….
- Extension or Erection of Building
- Installation of Controlled Service/Fittings
- Material change to use of building
(c) Other Possibilities
- Listed Building? Listed Building Consent
- In Conservation Area? Planning Permission (England) or Conservation Area Consent (Wales).
Your client wants to external works on their property. They want to know what, if any, consent is required.
The works will not cause material impact to the exterior.
(a) Planning Permission
- Not Required
- Planning permission is not required if the external works are immaterial.
- Not required if the work is not material or covered by GPDO.
(b) Building Regulation Consent
- Required if works are for….
- Extension or Erection of Building
- Installation of Controlled Service/Fittings
- Material change to use of building
(c) Other Possibilities
- Listed Building? Listed Building Consent
- In Conservation Area? Planning Permission (England) or Conservation Area Consent (Wales).
Your client wants to change the use of their property. They want to know what, if any, consent is required.
(a) Planning Permission
- Change to Differnt Use Class: Required
- Same Use Class: Not Required
- Sui Generis Change: Required
(b) Building Regulation Consent
- Required if it is a material change to use of building
(c) Other Possibilities
- Listed Building? Listed Building Consent
- In Conservation Area? Planning Permission (England) or Conservation Area Consent (Wales).
Your client has been served with an enforcement notice for breach of planning law.
They would like you to explain what this means and the possible outcomes.
(a) Procedure: Served by the local authority. It gives the recipient 28 days notice that land must be restored or comply with conditions.
(b) Outcome: After 28 days, the land owner may be
* Fined or
* Authority can enter, carry out work, and recover as expense
(c) Enforcement: It can be used for breaches of planning permission, and building regulations.
For planning law breaches:
Wales (all time) or England, before 25 April 2024:
- Building Development: Within 4 years of completion
- Change to Single Dwelling: Within 4 years of completion
- Other changes of use: Within 10 years of completion
- Deliberate Concealment: No Limit to Apply to Magistrates
**England After 25 April 2024: **
- 10 Years for All Breaches
- Deliberate Concealment: No Limit to Apply to Magistrates
Your client has been served with an stop notice for breach of planning law.
They would like you to explain what this means and the possible outcomes.
(a) Procedure: Can only be served following service of an enforcement notice.
(b) Outcome: Requires activity to cease immediately.
(c) Enforcement: It cannot be used to
* Prohibit use as a dwelling house or
* Prohibit activities carried out for more than 4 Years
* Enforcement time limits….
Wales (all time) or England, before 25 April 2024:
- Building Development: Within 4 years of completion
- Changes of use: Within 10 years (subject to 4 year rule)
- Deliberate Concealment: No Limit to Apply to Magistrates
England After 25 April 2024:
- 10 Years for All Breaches (subject to the 4 year rule)
- Deliberate Concealment: No Limit to Apply to Magistrates