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2. DEFINED TERMS AND INTERPRETATIONS
(a) Definitions
(b) Interpretations
3. DIMINISHING MUSHARAKAH STRUCTURE AND ADVICE
3.1 How will the Bank's financing operate?
3.2 Acquisition Payment Profile
3.3 Ability to Advise the Client on the Finance Documents
3.4 Legal Advice to the Client
3.5 Legal Advice to Interested Parties (Guarantor, Donor or other)
3.6 Independent Legal Advice Letter for Guarantors, etc.
3.7 Subordination of Shareholder/Director Loans
3.8 Joint Applicants
4.1 Notices to Landlord/Management Company
4.2 Shares in the Freehold/Management Company
4.3 Energy Service Agreements
4.4 Alienation Restrictions in the Superior Lease
4.5 Ground Rent limits
4.6 Seller/Developer Unwilling to Transfer to Bank
4.7 Lease Term
4.8 Leasehold Interest with Freehold Charge
4.9 Enfranchisement
4.10 Building Safety Act 2022
5.1 Original Documents
5.2 Additional Documents
5.3 Amendments to Agreements
5.4 Witnessing Documents
5.5 Offer Letter
6.1 Finance of Deposit/Balance – Gift/Second Mortgagee
6.2 Funds Held in Joint Account
7. STAMP DUTY LAND TAX (SDLT) AND CAPITAL GAINS TAX (CGT)
7.1 Submitting Returns and Paying SDLT
7.2 SDLT Additional Relief
7.3 SDLT Rebates
7.4 Capital Gains Tax (CGT)
7.5 Tax Planning
8.1 New Home Warranty Schemes
8.2 Indemnity Insurance
8.3 Absent or Insolvent Landlords
8.4 Buildings Insurance
9.1 Why do you need to provide a COT?
9.2 Who is required to sign the COT?
10.1 Disclosures to the COT
10.2 Disclosure of Incentives
10.3 Environmental Reporting
10.4 EPC Ratings
10.5 Licences
10.6 HMO Licenses – Refinance
10.7 Title Guarantee
10.8 Unencumbered Title
10.9 Flying Freehold Conditions
10.10 Crisscross Leases (Sometimes known as “Tyneside Leases”)
11.1 Offshore Seller
11.2 Notice of Completion to the Bank
11.3 Funds Remittance – when will they be available?
12.1 Registration
12.2 Removal of Security
12.3 Legal Representation on Redemption
13.1 Process Agent
14.1 Board Minutes and Director's Certificate
14.2 Copies of the Corporate Authorisations
15.1 Does the Bank accept search insurance and, if yes, what are the Bank's specific requirements?
15.2 Does the Bank accept personal searches?
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