Acting for Companies Acquiring Residential Property - An Introduction for Conveyancers

Introduction

This introductory 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:

• Ongoing reforms to companies’ law under the Economic Crime and Corporate Transparency Act
• Compulsory identity verification for directors, and increased scrutiny of company information and filings
• 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 and undertakings owed to lender
• Current 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, including the 17% rate