Acting for Companies Buying Residential Properties - The Fundamental Essentials 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:

• Changes to UK company law under the Economic Crime and Corporate Transparency Act
• 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, including the 15% rate

This webinar was recorded on 20th November 2024

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.