Unit 210 Conveyancing
Level: 2
Unit reference number: J/504/0633
Credit value: 4
Guided learning hours: 23
Unit aim: The aim of this unit is to enable the
learner to distinguish between real and personal property and
develop an understanding of the basic procedures for buying and
selling land.
There are four learning outcomes to this
unit:
Outcome 1: know how to distinguish between real and personal
property
The learner can:
- describe what constitutes real property
- describe what constitutes personal property
- describe the principles of co-ownership including rights of
survivorship
- identify the main differences between freehold land and
leasehold land.
Outcome 2: understand the purpose and process of land
registration
The learner can:
- explain the purpose of land registration including benefits of
registration
- describe the role of the HM Land Registry and District
Registries including events that trigger registration
- describe the contents of the registers
- describe overriding interests including easements and rights of
persons in actual occupation
- describe a restrictive covenant and its effect on uses of the
land.
Outcome 3: understand the concept of the mortgage
The learner can:
- explain the purpose of a mortgage
- describe sources of a mortgage funding
- describe criteria used to decide whether to lend
- describe the main features of types of mortgage and interest
rate packages
- describe the types of mortgage product
- describe the rights of the mortgagee and mortgagor.
Outcome 4: know the procedures for transferring land from a
seller to a buyer
The learner can:
- describe the role of estate agents in the sale and purchase of
property
- describe the procedure for a seller in selling a property
- describe the procedure for a buyer in purchasing a
property
- describe the significance of exchange of contracts and
completion.