Exchange and Completion
Authored by Dawn Thomas
Other
Professional Development
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12 questions
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1.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
What are the 3 formula's for exchange of contracts?
A
D
C
E
B
2.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
What documents do you send to the sellers solicitors on exchange?
Signed Contract
Signed Transfer
Deposit
Signed Declaration
Fixtures and Fittings List
3.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Before exchange of contracts what should you check in your call to Lender?
That we have signed Mortgage Deed
That the COT has been received
How much the mortgage advance being sent is?
That the mortgage offer is still valid?
If all special conditions have been complied with?
4.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Who do we call on completion of a purchase once keys are released?
Sellers solicitors
Client
Recommender
Lender
Estate Agent
5.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Who do we call on completion of a sale once monies received?
Buyers Solicitors
Estate Agent
Recommender
Client
Lender
6.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
What documents do we add to the File Handover for Post Completion?
Signed Transfer
Signed Deed of Covenant/ Deed of Trust
Signed Mortgage Deed
Indemnity Policy/ RX1
Second Charge
7.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
What documents are sent to the client on Registration?
Certificate of Registration
OC2
Planning permissions and Building Regulations approval
Indemnity Insurance
Original Guarantees/ Warranties
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