Acting for Developers - The Common Problems for Conveyancers
You may act exclusively for developers or act for plot purchasers - you might find you receive instructions from an ordinary residential client who is developing back garden land to build one or two houses for sale.
In any of those circumstances, whilst the underlying law and practice applies, there are many additional factors to keep firmly in mind and you need to avoid many common problems which are best sorted out at an early stage.
Home Equity Loans are usually approached from the borrower’s viewpoint, but for developers there are formalities to consider. There is the Consumer Code for Homebuilders on the relationship between builder and consumer, and unfortunately, we now have to keep in mind COVID-19 and its impact.
What You Will Learn
This webinar will cover the following:
- Government advice for developers in light of COVID-19 including new home warranty claims
- Changes in Government guidance from May 2020
- Variation of the completion date - Law Society guidance
- Leasehold reforms proposed and the danger of escalating ground rents
- Housing dispute resolution proposals affecting developers
- The Consumer Code for Homebuilders - important aspects for developers including reservation deposits, completion dates, essential contract clauses, training and marketing, dispute resolution and compensation
- Home Equity Loans including:
- Extension of the scheme until 2023 and revised conditions
- Registration with Homes England, information required for the forms, the eligibility for borrowers and an overview of the essential steps
- House builder and developer participation guidance
- Submitting a registration application
- House builder registration form
- Homes England Guidance - details of Help to Buy registration and forecast performance management
- Land Registry services
- The problems caused when layout changes take place
- Acceptability of plans
- Land Registry reminders for the conveyancer
This pre-recorded webinar will be streamed at 12:30pm on Thursday 6th August 2020 and will remain available to view by delegates who have registered by then for 90 days.