In a sale where the sellers are the registered owners and the buyers acquire as beneficial tenants in common, which party must execute the Form TR1 transfer to convey the property?_

• A. Buyer
• B. Mortgage lender
• C. Seller and Buyer
• D. Lenders agent

Answer: (D)

Form TR1 is the document used to transfer the registered title from the current owner to the new owners. When the property is subject to a mortgage, the lender has a security interest in the land, so their consent is required for the transfer to take effect. That consent is given by the lender or their agent signing the TR1. In a sale where the sellers hold the registered title and the buyers take as beneficial tenants in common, the legal title still needs to pass to the buyers on completion, but only with the lender’s approval reflected on the transfer. The lender’s agent signs to evidence this consent and to enable the conveyance to proceed, while the ultimate disposition of the mortgage (discharge or reassignment) is handled alongside this step.