CIL & Con29R (Local Search) Enquiries - The Key Issues for Residential Conveyancers

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.

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!

This webinar will examine some of the key legal and practical issues that need to be addressed on a new-build purchase.

What You Will Learn

This webinar will cover the following:

• 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 are the pitfalls of regulations relating to the exemptions for self-build housing and residential extensions/annexes?
• Developments on implementing the new Infrastructure Levy

This webinar was recorded on 1st October 2024

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.