Which of the following would NOT be a matter to check on the date of completion?

Study for the CILEx Conveyancing Level 3 Exam. Prepare with targeted quizzes and interactive questions; each offers detailed explanations. Excel on your exam!

Multiple Choice

Which of the following would NOT be a matter to check on the date of completion?

Explanation:
The date of completion is about finalising the formal steps that allow the transfer to take effect and the purchaser to take title. The mortgage deed being signed by the client is essential because the loan must be legally created for the funds to be drawn and the purchase to complete. The mortgage advance being received is also essential because the seller needs to be paid and the transaction funded before ownership passes. The Land Transaction Return being signed is a post‑completion duty aimed at reporting the transaction for tax purposes; it’s prepared and signed as part of the post‑completion process, not a live completion-day condition. Installing a new kitchen by completion is not a mandatory completion‑day check. While fixtures and fittings are part of what is promised in the contract, whether the seller has installed a new kitchen by completion is a matter of contractual delivery and timing, not a standard completion‑day check that must be verified to close the transaction.

The date of completion is about finalising the formal steps that allow the transfer to take effect and the purchaser to take title.

The mortgage deed being signed by the client is essential because the loan must be legally created for the funds to be drawn and the purchase to complete.

The mortgage advance being received is also essential because the seller needs to be paid and the transaction funded before ownership passes.

The Land Transaction Return being signed is a post‑completion duty aimed at reporting the transaction for tax purposes; it’s prepared and signed as part of the post‑completion process, not a live completion-day condition.

Installing a new kitchen by completion is not a mandatory completion‑day check. While fixtures and fittings are part of what is promised in the contract, whether the seller has installed a new kitchen by completion is a matter of contractual delivery and timing, not a standard completion‑day check that must be verified to close the transaction.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy