Course description
Conveyancers acting for purchasers of new-build properties are typically provided with a vast amount of documentation which needs to be reviewed in a short space of time.
Developers’ contract packs often include copy section 106 agreements which typically contain numerous planning obligations. The task of trying to decide which provisions of the agreement require further investigation can be tricky, given that there is so much paperwork to check. In addition, the risks inherent in new-build purchases have been exacerbated by the Community Infrastructure Levy which is enforceable as a local land charge. Indeed, the Con 29 (local search) form now contains 13 specific questions about the Levy!
This virtual classroom seminar with leading trainer Stephen Desmond will examine the key legal and practical issues that need to be addressed when raising additional enquiries and advising buyers.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Conveyancers acting for purchasers of new-build properties are typically provided with a vast amount of documentation which needs to be reviewed in a short space of time.
Developers’ contract packs often include copy section 106 agreements which typically contain numerous planning obligations. The task of trying to decide which provisions of the agreement require further investigation can be tricky, given that there is so much paperwork to check.
In addition, the risks inherent in new-build purchases have been exacerbated by the Community Infrastructure Levy (‘CIL’), which is enforceable as a local land charge. Indeed, the Con 29 (local search) form now contains 13 specific questions about the Levy!
Moreover, the Levelling Up and Regeneration Act 2023 paves the way for a new Infrastructure Levy to replace CIL in England, except for Greater London. The key differences between the two levies will be briefly considered, though the relevant procedural requirements for both are likely to be similar,
This virtual classroom seminar will examine some of the key legal and practical issues that need to be addressed on a new-build purchase.
Please note that we do not consider CIL-related issues that are likely to be primarily relevant to commercial property purchasers.
What You Will Learn
This live and interactive session will cover the following:
- Why are there so many questions in the Con29 (local search) form about the levy?
- CIL: What are the implications of a charging schedule?
- CIL: What is assumption of liability and default liability notices?
- If CIL has not been paid in full by completion, what are the risks to the buyer and any mortgagee?
- What enforcement powers do the council have?
- What are the pitfalls of regulations relating to the exemptions for self-build housing and residential extensions/annexes?
- What is the relationship between CIL and section 106 planning obligations?
- Planning obligations or planning conditions?
- Which section 106 provisions should conveyancers be concerned about (e.g. affordable housing)?
- Which obligations in section 106 agreements are enforceable as local land charges?
- How can section 106 provisions be modified or discharged?
- Developments on enacting the new Infrastructure Levy, including how it will differ from CIL and its potential implications for section 106 planning obligations
Expenses
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