Course description
Now, more than ever, homes are passing to individuals away from the normal sale & purchase process. Such transactions are known as transfers of equity.
Whilst the basic conveyancing principles are the same, this live broadcast session will consider the other factors to take into consideration to protect your client and your client’s mortgagee.
Join presenter Stephen Desmond as he discusses lender requirements, potential conflict of interest, the need for independent legal advice and Stamp Duty Land Tax implications. Insolvency risks, the transfer potentially being at an ‘undervalue’, and Land Registry issues will all be explored in detail, plus much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Now, more than ever, homes are passing to individuals away from the normal sale & purchase process. Such transactions are known as transfers of equity.
Whilst the basic conveyancing principles are the same, this live broadcast session will consider the other factors to take into consideration to protect your client and your client’s mortgagee.
What You Will Learn
This live and interactive session will cover the following:
- Lender requirements
- Potential conflict of interest? Need for independent legal advice?
- Summary of key Stamp Duty Land Tax implications for Transfers of equity
- When might the transfer be at an ‘undervalue’?
- Insolvency risks
- Need for gift/undervalue indemnity insurance?
- Land Registry issues and requirements
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...