- Has the lease been drafted using prescribed clauses when required (See Land Registry Practice Guide 64)?
- Have you obtained up-to-date official copies of the title the lease is out of to confirm what incumbrances, if any, have to be accounted for e.g, restrictions etc?
- Is the Form FR1 completed for a first registration or AP1?
- Have consents been logged in respect of any restrictions in the Proprietorship Register, charges in the Charges Register of the lessor’s title or alienation terms in head leases?
- Has a form RX1 been logged if other than a standard restriction is required? (NB that the Land Registry will accept without form RX1 an application for a standard restriction which is set out in clause LR13 of a prescribed clauses lease or contained in a charge the form of which (including the restriction if approved in advance).
- Have you provided complete and accurate details of identity for each of the relevant parties to the lease or included forms ID1/ID2?
- Have you sent any necessary SDLT evidence or a letter explaining why it is not available?
- If the application relates to joint proprietors have you indicated whether they are to own as tenants in common or joint tenants?
- Have you ensured plans references referred to in the lease are shown clearly on the lease plan
- Are all names are consistent in all documents?
- Have you lodged a certified copy of the lease or deed of variation, if you require the original deed to be returned to you?
- Have you lodged a discharge in respect of any charge affecting the closing leasehold title or if the mortgage is to continue have you lodged a deed of substituted security in respect of the charge ?
- Are all the incumbrances on the closing leasehold title suitably discharged, withdrawn or cancelled? If appropriate, have you lodged appropriate documentary evidence for example, discharges or consents etc with your application?
The UK government has dropped a regulatory bombshell that will fundamentally reshape your life, and yes, we are talking about the dreaded FCA AML audit. For years, you’ve been supervised by your legal peers, the SRA, but those days of relative comfort are drawing to a close. The big news? Responsibility for Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) supervision for the legal and accountancy sectors is being handed over to the Financial Conduct Authority (FCA. That's right, the same folks who put the fear of God into the big banks are now coming for your conveyancing files. Cue the dramatic music. What does the FCA take-over actually mean? Forget the gentle nudge; prepare for the financial services full-body search. An FCA AML audit is likely to look a lot more like a detailed financial inspection and a lot less like a polite chat with the SRA. Think maximum emphasison: Ironclad AML documentation (no more "it's in my head" polici...
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