Report on Title (November 2021 version)
To Barclays PLC and each of its subsidiaries as defined in the Companies Act 2006 (the "Bank")

Lender Reference
Lenders Reference Number
The "Borrower" or "Principal Debtor":
Insert name of Bank's Customer(s) as detailed in the Security
The "Mortgagor"
Insert name of the Mortgagor(s)
Tenure
The "Property"
Insert description of Property
Title Number(s)
Insert title number(s) or state unregistered
Completion Date
Insert date of completion
Please ensure you submit your Report on Title 7 days PRIOR to completion
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In consideration of you providing or continuing to provide facilities to the Borrower, the Mortgagor has agreed to grant the Bank security over the Property (the “Security”) and we have agreed to perfect the Security, investigate title to the Property and to provide you with this Report on Title (the “Transaction”), which we agree may be relied on in respect of all money and liabilities from time to time due from the Borrower (which term also comprises the Principal Debtor referred to in the Security (if applicable)) and / or the Mortgagor, until you release the Security. We confirm that we have investigated title to the Property in accordance with the version of your General Instructions to Solicitors and Licensed Conveyancers current at the date of this Report on Title (the “General Instructions”) and we certify that, save as disclosed in the appropriate part of the schedule to this Report (the “Schedule”):
1. If the Property is being purchased by or transferred to the Mortgagor we confirm that:
(a) the consideration stated in the Transfer ("consideration") is:
and we confirm that either the Consideration is the same as the open market value of the Property as set out in the Valuation Report (as defined below) or we have provided details of the difference between the Consideration and the open market value in Part 1 of the Schedule, and we confirm that we have complied with the “Insolvency Considerations / Transactions at Undervalue” section of the General Instructions;
(b) the contract for sale provides for vacant possession on completion of the Transaction or details of any tenancy, licence or other occupation affecting the Property are set out in Part 8 of the Schedule;
(c) the seller has owned (if the Property is unregistered) or been the registered proprietor (if the Property is registered) of the Property for not less than six months;
(d) we are not acting on behalf of the seller, ourselves or a Connected Party (as defined in the Structural Reform and Acting for the Bank” section of the General Instructions).
Any disclosures made in relation to the statements in this paragraph number 1 are detailed in Part 1 of the Schedule.
2. Save as disclosed in Part 2 of the Schedule, the Mortgagor will on completion of the Security, have a good and marketable title to the Property and to all Appurtenant Rights free from onerous encumbrances (including, but not limited to all pre-sale agreements, options, pre-emption rights or other contractual rights that affect the Property and of which we have become aware, having made all reasonable enquiries in respect of such matters) and free from prior mortgages or charges (save for those referred to in Part 7 of the Schedule) and will on registration of our Security, be registered at HM Land Registry as the proprietor of the Property with absolute title. Save as disclosed in Part 2 of the Schedule, nothing has been revealed by our searches, enquiries and title review which would prevent or restrict: (i) the Property being used for its Current Use (as defined in Part 4 of the Schedule); and (ii) if the Valuation Report (as defined below) is based on any development of the Property, the Property being used for the Proposed Use (as defined in Part 4 of the Schedule) and the development works required to implement the Proposed Use (together the “Current and Proposed Use”).
For the purpose of this report “Appurtenant Rights” shall include but shall not be limited to all rights, services, easements and wayleaves that are required for the Current and Proposed Use of the Property including any rights that are required over adjoining and neighbouring land. Reference to adjoining and neighbouring land includes adjoining and neighbouring land owned by the Mortgagor.
3. Save as disclosed in Part 3 of the Schedule, we confirm that we have received a copy of the valuation report prepared for the Bank in respect of the Property (the “Valuation Report”) and we confirm that;
3.1 we have compared the extent of the Property shown on the plan(s) in the Valuation Report with the plans in the relevant title deeds / title plan for the Property and there are no discrepancies between such plans;
3.2 we have considered the issues on which assumptions have been made in the Valuation Report and there are no discrepancies between such assumptions and our investigations in respect of such issues;
3.3 where the Valuation Report indicates that the valuer has not seen any lease or other tenancy documentation, we have sent copies of the same to the valuer; and
3.4 we have sent the final form of this Report on Title to the valuers that prepared the Valuation Report and they have confirmed to us in writing that there is nothing contained in this Report on Title that has an adverse impact on the value and marketability of the Property.
4. Save as disclosed in Part 4 of the Schedule; we confirm that:
4.1 we have made or are in possession of the results of a CON29R search, a local land charges search and such other searches and enquiries as are required under the General Instructions and we confirm there are no subsisting adverse entries affecting the Property revealed by such searches and enquiries. We confirm that such searches and enquiries will not be more than three months old at exchange of contracts (if applicable) and not be more than six months old at completion of the Security;
4.2 the Current Use and the Proposed Use (as defined in Part 4 of the Schedule) is the same as the use on which the Valuation Report is based;
4.3 the Property (including the buildings currently at the Property) has the planning consents, licences, permits and authorisations that are required for the Current and Proposed Use and such consents, licences, permits and authorisations are not temporary or personal and the limitation period for challenging them has expired;
4.4 we have not become aware of any outstanding breaches of any of the planning consents, licences, permits or authorisations which authorise the Current and Proposed Use of the Property; and
4.5 we have carried out relevant checks in accordance with the “Building Safety Act 2022 (BSA) and Higher Risk Buildings (HRBs)” section of the General Instructions and we can provide the confirmations required under that section;
4.6 nothing has been revealed by our searches, enquiries and title review which requires the payment of any sums or the undertaking of any works in order for the Property to lawfully be used for its Current and Proposed Use.
5. If the title to the Property is leasehold, we have set out details of the lease under which the Property is held (the ”Lease”) and the name and address of the current landlord of the Lease (the “Landlord”) in Part 5 of the Schedule and confirm that except as disclosed in Part 5 of the Schedule:
5.1 either the consent of the Landlord to the creation of the Security is not necessary or it has been obtained;
5.2 we have made all appropriate enquiries and confirm that they have not revealed any existing breach of the Lease;
5.3 the Lease cannot be forfeited by reason of the tenant either becoming insolvent, being subject to any insolvency process, entering into an arrangement for the benefit of its creditors, any distress or execution being levied on the tenant’s goods or the tenant being subject to any process under the Commercial Rent Arrears Recovery process;
5.4 the Lease permits the Current and Proposed Use of the Property;
5.5 the terms of the Lease accord with the General Instructions, including any requirement you have for covenants by the Landlord and / or Management Company and / or by a deed of mutual covenant for the insurance repair and maintenance of the structure, exterior and common parts of any building of which the Property forms part; and
5.6 we have or will obtain upon completion a clear receipt showing the up to date payment of rent, service charge and any other sums due under the Lease.
6. Save as disclosed in Part 6 of the Schedule, we confirm that we have seen evidence that on completion of this Transaction, buildings insurance will be in place for all buildings at the Property (if any) for a sum not less than the recommended reinstatement value set out in the Valuation Report and on the terms set out in the Security, the loan agreement for this Transaction and the General Instructions. If the Property is insured under a block insurance policy, we have also taken the necessary steps to ensure that the Property is covered by the policy and that the insurance requirements in the “Leasehold Property” section as set out in the General Instructions have been satisfied. If the Property is to be developed, save as disclosed in Part 6 of the Schedule, we have complied with the requirements in the ”Insurance” section of the General Instructions and we confirm that the sum insured for the Property under the Contractor’s All Risks policy is not less than the gross developed value of the Property as set out in the Valuation Report and that the Contractor’s All risks policy is in the name of the party responsible for undertaking the development of the Property.
7. Save as disclosed in Part 7 of the Schedule, we are not aware of any matters relating to the Property, the Borrower or the Mortgagor, which we believe should be brought to your attention, including any non-compliance with your General Instructions.
8. We have supplied in Part 8 of the Schedule, the details for each lease, tenancy and licence affecting the Property (whether oral or in writing), along with any disclosures that are pertinent in relation to the “Tenanted Properties” and “Occupiers and Beneficial Interests” sections of the General Instructions and any other matters relating to the occupation of the Property that should be brought to your attention. In particular, the Mortgagor has confirmed to us in writing that the Property is not occupied by or subject to any rights of occupation, including any agreement for lease, other than those referred to in Part 8 of the Schedule.
9. If the title to the Property is a Freehold interest in Commonhold Land brief details of the terms of the Commonhold Community Statement are disclosed in Part 9 of the Schedule and we confirm except as disclosed in Part 9 of the Schedule that:
9.1 the Commonhold Association cannot claim any right which may rank in priority to the Security in respect of any sums due to the Commonhold Association in respect of the Property;
9.2 we have made all appropriate enquiries and confirm that they have not revealed any existing breach of the terms of the Commonhold Community Statement;
9.3 that we have or will obtain before completion confirmation that all sums due to the Commonhold Association under the terms of the Commonhold Community Statement have been paid up to the date of the Security; and
9.4 that the Commonhold Unit Information Certificate shows that there is no money due to the Commonhold Association by the Mortgagor.
10. Details of this firm’s Professional Indemnity Insurance are set out in Part 10 of the Schedule. We confirm that we hold sufficient Professional Indemnity Insurance to cover the value of the Property as reported in the Valuation Report or, if the Property is to be developed, the developed value of the Property as reported in the Valuation Report.
11. Where the Borrower and / or the Mortgagor (if different) is an incorporated body, charity, pension scheme, trust, club, association, society or limited partnership, we confirm that we have satisfied the Bank’s requirements in the relevant section of the General Instructions.
12. Where any part of the purchase price or sums required to repay an existing lender are not being provided by the Bank, we confirm;
12.1 we have obtained confirmation from the Borrower that such sums are being provided from the Borrower’s own funds; and
12.2 we have received such sums from a bank or other financial institution regulated by the Financial Conduct Authority or the Prudential Regulation Authority (as appropriate) or such body from time to time responsible for regulating banks and other financial institutions in the United Kingdom; and
12.3 we have complied with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as varied, amended or replaced from time to time.
WE UNDERTAKE
a. that we are holding, or if the Bank is separately represented in this Transaction, such firm is holding the original of a legal charge (or such alternative security required by you) over the Property (the “Security Documents”), duly executed by the parties in whom the legal estate in the Property is, or is to be vested, and all other parties required under the General Instructions to execute such security including the Principal Debtor, occupiers and other parties even if they are not registered as the registered proprietor of the Property at HM Land Registry or are not our client;
b. that we have checked the identities of the parties to the Security Documents in accordance with the General Instructions or we are satisfied that such parties’ solicitors have checked the identities of the parties to the Security Documents in accordance with the General Instructions;
c. that we have made all applicable searches of HM Land Registry, the Land Charges Department, Companies House, the Central Registry of Winding Up Petitions of the Companies Court, the Financial Conduct Authority, the Charity Commission and any other searches necessary to ensure the Security Documents are valid and enforceable and will have the priority expected by the Bank, and we will update such searches (where necessary) prior to completion of the Transaction;
d. that we will apply all monies received from you (if any) in accordance with your instructions and will not part with the advance (and will return it to you if required) if, prior to completion, we become aware of the Property being occupied other than as set out in Part 8 of the Schedule to this Report on Title;
e. except for any prior charge that we have indicated in Part 7 of the Schedule to this Report on Title is to remain in place at completion of the Transaction, we will either redeem all existing security (if any) over the Property (the “Existing Security”) on completion of the Transaction, or prior completion of the Transaction we will be holding an irrevocable undertaking from a firm of solicitors (addressed to both this firm and the Bank), confirming that they will redeem the Existing Security (if any) on completion of the Transaction;
f. that we are either holding such documents as are necessary to release the Existing Security (if any) (the “Release Documents”), or we have such solicitor’s undertakings as we consider necessary to procure the Release Documents within the periods of protection referred to in paragraph i. below;
g. that we will notify you in writing if prior to completion of the Transaction, we become aware of any matter which would render the statements made in this Report on Title and undertaking untrue or inaccurate and in those circumstances, we will defer completion pending your authority to proceed and will return the advance to you if required;
h. that the Security Documents will be completed on completion of the Transaction;
i. that either we will, or the Bank’s solicitors (if different) have confirmed that they will, within the period of protection afforded by the searches referred to in paragraph c. above and before any deadline for registration;
i. submit to HM Land Registry a duly completed application to register: (1) the Security Documents; (2) a Land Registry restriction in the form required by the Bank; and (3) all relevant prior dealings (including registration of the transfer of the Property to the Mortgagor if relevant) together with all the enclosures, consents, certificates and fees required to complete such applications at HM Land Registry;
ii. undertake all other registrations of the Security Documents as are required to protect the Bank’s interest as mortgagee or otherwise and pay the appropriate fees in respect of such registrations, including registration at Companies House within the statutory 21 day timescale if the Mortgagor is a Company; and
iii. serve such notices of completion of the Security Documents (including any registrations required under any lease) as are required to protect the Bank’s interest in the Property;
j. that we will, or that the Bank’s solicitors (if different) have confirmed to us that they will, promptly reply to all requisitions raised by the Land Registry in respect of the Land Registry application referred to paragraph i above;
k. to provide the Bank with an update on progress with completion of the registrations referred to in paragraph i above, where such registrations have not been completed within two months of completion of the Transaction;
l. that we will deliver to the address at the top of your instruction letter for this Transaction, the following documents within ten working days of completion of the last of the registrations referred to in paragraph i above;
i. a Title Information Document for the Property showing the relevant Security Documents and Land Registry restriction registered on the title to the Property;
ii. where the Property is leasehold, the original (or an official copy of the lease where the original has been lost) pursuant to which the Mortgagor holds the Property together with the original share certificate (where the Property requires membership of a management company) and an original Stock Transfer Form completed in accordance with your General Instructions;
iii. the originals of the Security Documents;
iv. where the Property is subject to one or more tenancies, the originals of all counterpart leases / licences / tenancy agreements or a schedule listing such leases, licences and agreements and an undertaking from a law firm, to hold the originals of such documents to your order (where you have agreed that such firm may retain the originals);
v. where the Property is unregistered, the originals of the documents required to deduce the Mortgagor’s title to the Property;
vi. copies of all indemnity insurance policies benefiting the Property; and
vii. any other documents required in connection with the Mortgagor’s ownership of the Property.
The advance should be forwarded by CHAPS to our bank, details of which are:
Bank:
Branch Address:
Sorting Code Number:
Name of Account:
Account Number:
We acknowledge that the parties to whom this Report is addressed and any successors in title to the Security and persons deriving title under or through the Security (together the “Beneficiaries” and each a “Beneficiary”) may also rely on the statements, disclosures and other information in this Report on Title when making lending facilities available against the Security now or in the future.
We confirm that the Beneficiaries may disclose this Report on Title and any of the annexures and enclosures to it, to:
(a) any other member or affiliate of Barclays PLC and each of its subsidiaries as defined in the Companies Act 2006 (the “Barclays Group”) and our or their officers, directors, employees, auditors, partners, consultants and professional advisers;
(b) any governmental, banking, taxation or other regulatory authority;
(c) any person in connection with a securitisation of all or any part of the loan assets of any member of the Barclays Group from time to time;
(d) any person who may otherwise enter into contractual relations with any member of the Barclays Group in connection with the Property or the Security;
(e) any person to whom information is required or requested to be disclosed by any court of competent jurisdiction or governmental, banking, taxation or other regulatory authority or similar body;
(f) any rating agency (including its professional advisers) to enable the rating agency to carry out its normal rating activities;
(g) each other Mortgagor, Principal Debtor and any guarantor;
(h) any credit reference agency;
(i) any other obligor in respect of all or part of the obligations secured by the Security, and any affiliate, holding company or subsidiary thereof; and
(j) the respective directors, officers, employees, agents and advisers of any of the parties listed in paragraphs (a) to (i) above.


Partner’s name:
.....................................................
Partner’s signature:
.....................................................
Name of firm:
Date:
THE SCHEDULE
PART 1
Are there any disclosures against the statements in paragraph 1 of this Report on title?
PART 2
Are there any disclosures against the statements in paragraph 2 of this Report on title?
PART 3
Are there any disclosures against the statements in paragraph 3 of this Report on title?
(Note: Where agricultural land is being charged and a professional valuation has not been obtained, please enclose a copy of a plan showing the area of land being charged).
PART 4
Current Use:
Proposed Use:
Are there any disclosures against the statements in paragraph 4 of this Report on title?
PART 6
Are there any disclosures against the statements in paragraph 6 of this Report on Title?
BUILDINGS INSURANCE
The policy details are:
Name of Insurance Company:
Policy number (if available):
CONTRACTOR'S ALL RISK INSURANCE
Will a Contractor's All Risk insurance be in place at competition?
Policy details:
Name of Insurance Company:
Policy Number(If available):
LOSS OF LICENCE / LOSS OF REGISTRATION INSURANCE
On completion of the Transaction, will our requirements regarding loss of licence / loss of registration insurance (as set out in the General instruction) be satisifed?
Policy details:
Name of Insurance Company:
Policy Number(If available):
Sum insured:
PART 7
Are there any disclosures against the statements in paragraph 7 of this Report on Title
Where a prior mortgage over the Property is to remain in place, the mortgage details are:
Name of Mortgagee: (“Prior Mortgagee”)
Current Amount Secured:
Is there an Obligation on the Prior Mortgagee to Make Further Advances?
Are there any arrears in the repayment of the prior mortgage?
A Bank approved Deed of Priority will be put in place by us on completion of the Transaction?
PART 8
Is the Property subject to any lease, tenancy or licence (whether oral or in writing)?
PART 10
Details of our Professional Indemnity insurance cover:
Amount of cover for any one claim:
Insurance company:
Date of expiry of current policy:
NB. Details of your Professional Indemnity insurance cover MUST be provided before funds can be drawn down
PART 11
Are there any disclosures against the statements in paragraph 11?
NOTE: We only permit plans to be appended to Reports on Title. We expect the relevant details of any other documents to be set out in the relevant Part of the above Schedule. With the exception of plans, no other documents that are appended to this Report on Title will be reviewed by the Bank.
When you have printed and signed the ROT, you can PDF and send via email to BBROT'sTeam@barclayscorp.com