Acting for Companies Buying Residential Properties - The Fundamentals
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Webinar
Acting for Companies Buying Residential Properties - The Fundamentals
Introduction
This webinar is aimed at residential conveyancers who are relatively inexperienced in acting for limited companies purchasing residential properties.
It is designed to give you a solid grounding in fundamental issues that typically need to be addressed when instructed on such transactions, including when a mortgage is involved.
The main focus of this webinar is on smaller companies, especially those with one director.
What You Will Learn
This webinar will cover the following:
- General nature of an ordinary guarantee
- The liability of a primary obligor
- Personal guarantees and likely lender requirements
- Memorandum and articles of association, including the model articles
- Fixed or floating charge?
- Using directors’ loan as a deposit
- Documentation required from the company, e.g., board resolutions
- Registration of charge created by a company
- Land Registry requirements for company charges
- The Law Society’s current AML Guide in relation to companies
- The Register of Overseas Entities: a brief overview
- SDLT and company purchasers
This webinar was recorded on 19th June 2023