Podcast
Questions and Answers
What is one of the checks a buyer's solicitor performs when investigating a registered title?
What is one of the checks a buyer's solicitor performs when investigating a registered title?
- Review of last selling price
- Verification of zoning regulations
- Inspection of the physical property
- Matching the title number with the contract (correct)
Which of the following must a buyer's solicitor verify for an unregistered title?
Which of the following must a buyer's solicitor verify for an unregistered title?
- The total land area compared to similar properties
- Evidence that the land was registered after 1990 if required (correct)
- The seller's financial history related to the property
- The cost of land taxes for the last 15 years
What does the epitome must show for unregistered titles?
What does the epitome must show for unregistered titles?
- The historical ownership timeline
- A clear description of the landscape
- A good root of title for at least 15 years (correct)
- A brief summary of property taxes
Which term refers to the local search conducted by the buyer's solicitor?
Which term refers to the local search conducted by the buyer's solicitor?
What information does the first part of the Law Society's local search form inquire about?
What information does the first part of the Law Society's local search form inquire about?
What action may a buyer request if an unregistered title needs registration?
What action may a buyer request if an unregistered title needs registration?
In investigating unregistered titles, what must be included in the summary of the title?
In investigating unregistered titles, what must be included in the summary of the title?
Which of the following is NOT a component checked for registered titles?
Which of the following is NOT a component checked for registered titles?
How long should the root of title cover for it to be considered good in unregistered titles?
How long should the root of title cover for it to be considered good in unregistered titles?
What is a potential burden the local search aims to identify?
What is a potential burden the local search aims to identify?
Which aspect is NOT covered by the local authority property search instrument?
Which aspect is NOT covered by the local authority property search instrument?
What must a buyer's solicitor ensure regarding the charges associated with a property?
What must a buyer's solicitor ensure regarding the charges associated with a property?
Which of the following is a requirement regarding listed buildings?
Which of the following is a requirement regarding listed buildings?
Which statement about planning agreements is true?
Which statement about planning agreements is true?
How do preservation orders affect a property?
How do preservation orders affect a property?
Which of the following is a standard enquiry included in the local authority property search?
Which of the following is a standard enquiry included in the local authority property search?
What is one of the optional searches that may incur additional fees?
What is one of the optional searches that may incur additional fees?
Which of the following correctly describes the purpose of the local authority property search instrument?
Which of the following correctly describes the purpose of the local authority property search instrument?
What type of property-related issue would the local authority instrument NOT provide information about?
What type of property-related issue would the local authority instrument NOT provide information about?
Which of the following statements regarding fees is accurate?
Which of the following statements regarding fees is accurate?
What is the primary focus of an environmental search conducted by a buyer's solicitor?
What is the primary focus of an environmental search conducted by a buyer's solicitor?
What specific action must a seller take according to the Town and Country Planning Act 1990?
What specific action must a seller take according to the Town and Country Planning Act 1990?
Which of the following searches is relevant when the seller of a property is a company?
Which of the following searches is relevant when the seller of a property is a company?
In property searches, what aspect does the common land restrictions search primarily address?
In property searches, what aspect does the common land restrictions search primarily address?
What should a buyer's solicitor check regarding a property that is stated as unregistered?
What should a buyer's solicitor check regarding a property that is stated as unregistered?
What is the purpose of a bankruptcy search when a buyer is obtaining a mortgage?
What is the purpose of a bankruptcy search when a buyer is obtaining a mortgage?
What information is typically assessed in a Commercial Property Standard Enquiry?
What information is typically assessed in a Commercial Property Standard Enquiry?
Why is visiting the property important during the purchasing process?
Why is visiting the property important during the purchasing process?
Which of the following is NOT a typical area of concern for a buyer's solicitor when purchasing property?
Which of the following is NOT a typical area of concern for a buyer's solicitor when purchasing property?
What is the main role of local authorities under planning law?
What is the main role of local authorities under planning law?
Flashcards
What is a registered title?
What is a registered title?
A registered title refers to property registered with the Land Registry, providing a secure record of ownership.
What is investigating a title?
What is investigating a title?
The process of examining a title for any burdens or limitations impacting ownership.
During investigation, what does the solicitor check in a registered title?
During investigation, what does the solicitor check in a registered title?
The buyer's solicitor ensures the title number in the contract matches the registered title.
What are encumbrances?
What are encumbrances?
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What is an unregistered title?
What is an unregistered title?
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When investigating an unregistered title, what is the first check?
When investigating an unregistered title, what is the first check?
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What is an epitome?
What is an epitome?
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What does the solicitor look for in the epitome?
What does the solicitor look for in the epitome?
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What does the buyer's solicitor do before signing a contract?
What does the buyer's solicitor do before signing a contract?
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What does the first part of the local search cover?
What does the first part of the local search cover?
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Water Supply, Metering, and Public Sewers Check
Water Supply, Metering, and Public Sewers Check
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Common Land Restrictions Search
Common Land Restrictions Search
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Environmental Search
Environmental Search
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Registered Property Check
Registered Property Check
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Company Seller Check
Company Seller Check
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Mortgage Buyer Bankruptcy Search
Mortgage Buyer Bankruptcy Search
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Property Visit and Inspection
Property Visit and Inspection
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Commercial Property Standard Enquiry
Commercial Property Standard Enquiry
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Planning Law
Planning Law
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Town and Country Planning Act 1990
Town and Country Planning Act 1990
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Local Authority Property Search Instrument
Local Authority Property Search Instrument
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Improvement Grants and Fees
Improvement Grants and Fees
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Charge Removal
Charge Removal
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Development Entries
Development Entries
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Preservation Orders
Preservation Orders
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Listed Buildings
Listed Buildings
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Demolition/Alterations for Listed Buildings
Demolition/Alterations for Listed Buildings
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Road Adoption
Road Adoption
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Public Rights of Way
Public Rights of Way
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Planning and Building Regulations
Planning and Building Regulations
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Study Notes
Investigating Title (Stage 2)
- The buyer's solicitor checks the title number matches the contract
- They look for encumbrances (e.g., legal limitations on the property)
- For unregistered titles, the solicitor checks if the property was registered by 1 December 1990
- If a defect in title is identified, the best way to resolve it is to enter it into a deed of variation.
- If the title is not possible, a indemnity insurance may be purchased
Buyer's Pre-Contract Searches
- The buyer's solicitor conducts a local search.
- The search form asks about registrations made against the property by the local authority.
- A good root of title goes back at least 15 years.
- It includes a description of the legal and equitable interests
- The search form also checks for matters impacting the property, e.g., planning regulations, boundaries, condition etc.
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