SQE1 sample questions

Question 11

A solicitor is acting for the purchaser of a property in England with registered title.

The purchaser is buying the property with the aid of a mortgage.

Contracts have been exchanged, requisitions on title made, and the solicitor has conducted an official search with priority (OS1).

Following completion, the solicitor will need to deal with post-completion matters involving payment of Stamp Duty Land Tax (SDLT) to HM Revenue & Customs and registration of the dealing at the Land Registry.

Registration at the Land Registry must take place within 30 working days of which date?

A. The date contracts are exchanged, to avoid interest becoming payable on outstanding SDLT.

B. The date of completion, to avoid interest becoming payable on outstanding completion monies.

C. The date of completion, to avoid the equitable title in the property reverting to the seller.

D. The date of the result of the OS1, to avoid subsequent entries being made on the title which bind the purchaser.

E. The date of completion, to avoid the mortgagee’s power of sale arising under the legal charge.