Conveyancing in Action 5

Question 1

CiA5

Methods of Deposit Transfer

2

Answer 1

1. Bankers Draft (uncommon)
2. Telegraphic Transfer/CHAPS Transfer (common)

Question 2

CiA5

Completion Funds on a Transaction must be banked by…

(time that day)

Answer 2

2pm

Question 3

CiA5

**Time Limit for Land Transaction Return Form to be sent to HMLR after Completion **

1

Answer 3

14 days after completion

Question 4

CiA5

Current SDLT Rates

Answer 4

Up to 250k 0%
250-925k- 5%
925-1.5m- 10%
Above 1.5m- 12%

Question 5

CiA5

Form used to Change Ownership at HMLR and Time Limit

2

Answer 5

Form AP1 within 30 working day priority period (of OS1/OS2 searches)

Question 6

CiA5

**HMLR Requistion **

1

Answer 6

Written request from HMLR to deal with a stated issue to ensure registration can be completed

(20 days/reminder/20 days/cancelled)