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when is the CLLS certificate of title sent? before exchange why need CLLS? demonstrates to the lender that the property is good and marketable what is function of CLLS schedule 2? statements about the property (the ideal scenario for lender, they remain UNAMENDED!) what is function of CLLS schedule 5 part 6? amendments/ qualifications to statements in schedule 2 what is the consquence of not complying with PCR? professional misconduct what should you do with undertakings? explain the PCR outcomes etc could you use the same solicitors for lender and borrower in a commercial transaction? no can who bares the risk between exchange and completion be varied? yes, a condition in the contract would override SCPC what should advise client to do if property damaged during before completion ask to check if they have insurance, it should have been a condition from the lender what happens if one party dies between exchange and completion? transaction still goes on, and still same remedies for delay what must the PR's obtain before they can sell? a grant of representation what needs to be produced if a co-owner dies? death certificate under the SCPC is the buyer liable for VAT? no, seller has to put it as an express clause what does SCPC 6.6.4 oblige the buyer to do? give the seller an indemnity covenant if there is a positive covenant