Which document must you provide to Pan Euro Bank plc before the mortgage advance is released?

• A. TA13 Completion Information and Undertakings Form
• B. OS1 pre-completion search results
• C. Report on title
• D. SDLT5 Land Transaction Return form

Answer: (C)

When a lender releases a mortgage advance, they need solid evidence that the borrower has good title and that the property can properly secure the loan. The document that provides a clear, formal summary of the seller’s title, including any encumbrances, rights, restrictions, and other matters affecting the property, is the report on title. This report verifies ownership, shows what burdens the title carries, and confirms there are no outstanding issues that could jeopardise the lender’s security. Providing the report on title gives the lender confidence that the title can be transferred and the mortgage can be perfected, which is why it is the required document before funds are released.

OS1 pre-completion search results and SDLT5 returns, while they may be part of the overall conveyancing process, do not by themselves establish title or security for the lender. The TA13 Completion Information and Undertakings Form relates to undertakings and completion details but does not serve as the primary document confirming title and security.