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LPC Law Notes Property Law and Practice Notes

Pre Exchange, Exchange Of Contracts And Between Exchange And Completion Notes

Updated Pre Exchange, Exchange Of Contracts And Between Exchange And Completion Notes

Property Law and Practice Notes

Property Law and Practice

Approximately 490 pages

A collection of the best LPC PLP notes the director of Oxbridge Notes (an Oxford law graduate) could find after combing through dozens of LPC samples from outstanding students with the highest results in England and carefully evaluating each on accuracy, formatting, logical structure, spelling/grammar, conciseness and "wow-factor".

In short these are what we believe to be the strongest set of PLP notes available in the UK this year. This collection of notes is fully updated for recent exams, a...

The following is a more accessible plain text extract of the PDF sample above, taken from our Property Law and Practice Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:

Pre-exchange, exchange of contracts and between exchange / Completion 1) Pre-exchange Buyer's solicitor 1) Check all documents received and the results of the searches * Raise issues and deal with them satisfactorily 2) Check the surveys that have been carried out * Raise issues and deal with them satisfactorily 3) Check that a member of the firm is authorised to exchange 4) Check the financial arrangements a) Make sure the deposit fee has been agreed b) Make sure you have either: 1) The cleared deposit funds in the buyer's client account; or 2) In a residential transaction (incorporating SCS 2.2.5) is the deposit received from the buyer's sale of his property being used for this deposit c) Make sure the price is correct, taking into account any last minute negotiations / reductions in the purchase price 5) Check, in commercial transactions, the certificate of title has been sent to the mortgage provider's solicitor * This is because in commercial transactions, there will invariably be separate solicitors acting for the buyer and the lender 6) If haven't already, prepare and send financial statement to buyer client detailing required funds for completion Buyer's solicitor 1) Checks that purchase money will be sufficient to redeem existing mortgage 2) Checks that, on a sale of part, permission is obtained from lender to release the part being sold from the mortgage 3) Replies to enquiring and agrees amendments to contract d) Make sure that the mortgage funds (if applicable) have been or will be cleared by completion

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