Chapter 14 Multiple choice questions

. You act for Dominic Ollerenshaw who has just completed the purchase of a newly refurbished registered large freehold house in the north of Manchester. Your client was a cash buyer and you have sent off all the papers to the land registry along with form AP1. Your client has asked what he will receive back from land registry on the completion of his registration application. Which of the following will be issued?

A land certificate.

A title information document.

A charge certificate.

A charges information document.

. You have just completed the purchase of an unregistered farm for Emmanuel Larkin for £425,000. You must now complete a first registration application. Your colleague tells you that this must be made within eight weeks of completion, failing which the legal title will not vest in the buyer until the Registry has completed an application.
Is this statement true or false?

True

False

. At completion a buyer's practitioner will insist upon an undertaking from the seller's practitioner to discharge all the seller's mortgages affecting the subject property. Which of the following is not used to confirm the repayment of subsisting mortgages?

Form DS1.

Mortgage vacating receipt.

Form DS3.

None of the selections apply.

. You act for Standard Residential Estates Limited. They have purchased a small run down residential property in Lichfield in the Midlands for £120,000. It is a freehold house that they intend to refurbish and sell as a family home. You must now pay Stamp Duty Land Tax. The amount to be paid is?

£15,000

£5,000

£10,000

Nil.

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