VERIFICATION OR DUE DILIGENCE OF PROPERTY IN THE UK

DILIGENCE OF REAL ESTATE OBJECTS IN UK

In UK, as in other countries, there is a service of legal audit or due diligence of real estate objects. The specified services are caused by the fact that when buying property, a person invests significant funds compared to the cost of such an inspection, and therefore, in most cases, such a person wants to understand the entire history of the real estate object, as well as take into account all possible risks in the event of its further use or sale .

The inspection of a real estate object in UK is an analysis of the history of its creation, the change of owners and the conflicts that arose with this property. That is why due diligence will protect you from the negativity associated with the history of the object.

It is clear that it is difficult to achieve 100 percent guarantees, but a complete inspection of real estate in UK, including a high-quality and complete inspection of the history of the real estate object, will give you the opportunity to be ready for the purchase or sale of such an object, and will also help correctly assess investment risks.

What you need to check before buying land, a house, an apartment or any other real estate object:

• Creating of the object and the first right of ownership

Most often, violations of the law are allowed precisely at the stage of construction and registration of property rights. That is why it is important to check how the right to build arose, the origin of the land, who exactly built and on what basis, whether there were conflicts or disputes during construction.

• Analysis of previous owners

It is very important to understand the order of change of owners and who they actually are, from the very first to the last. This can be done either by analyzing all purchase and sale agreements, donations, etc., as well as through the relevant registers.

• What is the status of the real estate object

It is necessary to examine the documents on the basis of which the last registration of ownership took place, whether such ownership is currently encumbered by arrests or bans on registration actions. It is also important to check the absence or presence of legal disputes and decisions regarding the real estate object.

• Physical inspection of the real estate object

Verification of conformity of technical characteristics with permit documentation. It often happens that the previous owners changed something and did not make appropriate corrections and changes to the technical documentation, which in the future can lead to at least additional costs for the legalization of such changes, or even to the unfitness of the object for use and significant investment losses.

Based on the results of the inspection of the investment object in UK, you will receive a conclusion from our company, which will reflect all stages of the inspection with identified shortcomings and comments, as well as an investment conclusion regarding possible risks, if any are identified.

Our specialists offer you the following types of real estate inspection services in UK:

• analysis of the history of the real estate object;
• verification of the developer, seller, persons related to them;
• inspection of the object of unfinished construction;
• checking the technical characteristics of real estate for their compliance with technical standards.

Legal inspection of a real estate object in UK does not consist in collecting information from the Internet, but in particular in a thorough understanding of the legislation in the field of construction and experience in working with construction and court activities.