Property law 5 - Post completion

Question 1

How long do you have to register a charge at companies House?

Answer 1

21 Days of the creation of the charge

Question 2

How long have you got for LTT (Wales) to be notified an paid?

Answer 2

30 days

Question 3

How long have you got for SDLT to be notified and paid?

Answer 3

14 days

Question 4

What documents are sent to the Land Registry for REGISTERED land?

Answer 4

• Form AP1
• The transfer deed
• SDLT5 or WRA certificate to prove payment of SDLT / LTT
• Form DS1 to discharge the seller’s mortgage
• Mortgage deed in favour of the buyer’s lender

If appropriate:
- certificate of registration of charge at Companies House
- Other documents as appropriate

Question 5

What documents are sent to the Land Registry for UNREGISTERED land?

Answer 5

• Form FR1
• Same docs as for registered land, plus
• The epitome of title and the deeds and documents referred to in it,
• Land charges searches for the seller and previous owners in the chain of title

Question 6

After completion, what is the deadline for the Land Registry application and what happens if you miss it?

Answer 6

Priority lasts 30 working days from the date of the OS1 search result.

A new OS1 can be submitted, but this starts a new period rather than extending the old one.

If the application is not made within those 30 days, then priority is lost.

Question 7

What is the deadline for submitting an application to the Land Registry following completion of REGISTERED land?

Answer 7

• There is no deadline. However, consider OS1 search priority period.

Question 8

What is the deadline for submitting an application to the Land Registry following completion of UNREGISTERED land and what happens if it missed?

Answer 8

two months from completion. If not complied with, the transaction is void. An application can be made to the Land Register to extend the period.