Conveyancing Certification Test (2024) || With Questions & All Correct Answers (Rated A+)
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Conveyancing
Institution
Conveyancing
Conveyancing Certification Test (2024) || With Questions & All Correct Answers (Rated A+)
Conveyancing Certification Test (2024) || With Questions & All Correct Answers (Rated A+)
You are acting for 2 sisters, Margaret and Mary, in 2 separate transactions. Margaret is buying a residential prope...
Conveyancing Certification
Test (2024) || With Questions &
All Correct Answers (Rated A+)
, Conveyancing Certification Test (2024)
|| With Questions & All Correct
Answers (Rated A+)
You are acting for 2 sisters, Margaret and Mary, in 2 separate transactions. Margaret
is buying a residential property at £550,000; while Mary is buying a shop at £550,000
for commercial use. What would the difference in LBTT be for the 2 transactions?
(Note: no Additional Dwelling Supplements, not linked transactions and no First Time
Buyer Relief) - ANSWER - 12350
If you were acting for Executors in the winding up of an Estate and the house in the
estate of the deceased was being sold, what type of warrandice would you expect
the Executors to grant in the Disposition transferring the house? - ANSWER - fact
and deed warrandice
How many years is a registration in the Register of Community Interests in Land
valid for, before it needs to be registered again? - ANSWER - five years
What is a Right of Pre-emption? - ANSWER - right to be offered a property first/right
of first refusal
17) What is a Contract of Excambion? - ANSWER - deed exchanging one property
for another
If your clients were Factors and asked you to register a Notice of Potential Liability in
the Land Register of Scotland against one of the proprietors in the tenement block
factored by the Factors, owing £3,250 in common charges, what would the
registration dues be payable to the Registers of Scotland, for the Notice of Potential
Liability? - ANSWER - £60
19) A Property Enquiry Certificate arrived from a seller's solicitor. You send a copy to
your client which discloses a Tree Preservation Order in the boundaries of the
property your client is purchasing. Your client phones you as he does not understand
what this means. You tell him that Tree Preservation Order ("TPO")means :- -
ANSWER - hes not allowed to cut down the tree
What does the Scottish Standard Clauses (3nd Edition) say about the length of time
a Property Enquiry Certificate should be dated after conclusion of missives? -
ANSWER - A Property Enquiry Certificate ("PEC") dated after the date of conclusion
of the
Missives but not earlier than 3 months prior to the Date of Entry will be exhibited at
least 5 working days prior to the Date of Entry.
You are acting for a purchaser and the Bank of Scotland (the bank providing finance
to the purchaser) to buy a new house. You conclude missives with the Seller's
Solicitor on the 1st June 2019; the date of entry is to be 9th June 2019. On 8th June
2019, the Seller's solicitor delivers the Legal Report which discloses an Inhibition
, against a person with a very similar name to your client (and maybe your client) the
Inhibition recorded 9th May 2015. What should you do? - ANSWER - i tell him he
can't sell his house for another year
Referring your client to the Schedule 3 Conditions in the Conveyancing and Feudal
Reform (Scotland) 1970, which of the following is NOT a standard condition: -
ANSWER - standard conditions are
1. maintain subjects in good repair, let creditor examine
2. complete unfinished buildings, dont demolish, alter or add to without consent
3. observe all duties
4. alert creditors of planning notices, comply with them
5. insure it
6. don't let it without consent
7. creditor can fulfil obligations the debtor didn't
8. can call up security
9. debtor is in default if failure to comply or insolvency
10. on default, creditor can possess/sell
11. debtor has right of redemption
12. debtor liable for expenses of security
In the Scottish Standard Clauses (3nd Edition), what is the current threshold figure
before any claims can be intimated by a purchaser to a seller after the purchaser
takes entry to a property? - ANSWER - £400
If I purchased a residential property costing £350,000 and there is no Additional
Dwelling Supplement, no linked transactions and no First Time Buyer Relief, what
would be the LBTT to pay? - ANSWER - £8350
You have a client buying a building, the purchase price is £100,000 plus VAT (VAT
being paid). However, the Council are selling this building to your client as a local
community centre and the value of the building from the recent valuation is £4
million. What would be the registration dues which your client would need to pay to
the Registers of Scotland for the Disposition being registered in your client's favour in
the Land Register? There is no Voluntary Registration and no ARTL; - ANSWER -
£5000
what are the quarter days - ANSWER - the quarter days are 28th February, 28th
May, 28th August and 28th November.
In terms of the High Hedges (Scotland) Act 2013, what height must a hedge be
before a complaint via a high hedge notice application be made to the Council? -
ANSWER - more than 2 metres above ground level
What did the Long Leases (Scotland) Act 2012 after 28 November 2015, permit for
residential properties? - ANSWER - long lease (100yrs left) converts to ownership if
annual rent is less than £100
What period of time does a NHBC warranty and insurance protect for, a private
dwellinghouse after completion of the dwellinghouse? - ANSWER - 2 years
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