Commercial Property Article
12 August, 2020
The number of new homes being built each year in the UK continues to rise. According to NHBC's annual new homes statistics, this has risen by more than 80% over the last decade and in 2019 alone, 161,022 homes were registered with NHBC.
At Forbes Solicitors we have a specialist team in our Property Department who act for a wide range of Residential and Commercial Property Developers in the acquisition of the land for development, right through to the sales and completions of the new-build properties.
Our team works closely with the developers to ensure that each new reservation is dealt with promptly and that contracts are exchanged within the reservation period .
We have systems in place to ensure each reservation progresses as quickly and efficiently as possible. Most recently, we have invested in a new online service called 'Box' which specialises in cloud content management and secure file sharing for business purposes. The website allows users to upload documents and files and share those with other selected and authorised users. This particularly assists in streamlining the initial stages of the transaction in making the Contract Pack immediately available to the purchasers' solicitors for review.
Typically, a Contract Pack will include numerous different documents such as Planning Documents, Title Information, Building Regulations Approval, Estate Plan Approvals, etc. and, due to the volume and/or large capacity of documents, this can be problematic when sending them by email.
By using Box, we can upload the entire Contract Pack to a secure data room and organise the documents into separate folders thereby making the Contract Pack easier to manage and read.
When new instructions are received, Forbes Solicitors send a link from Box directly to the purchasers' solicitors email address giving them immediate access to the full Contract Pack which ultimately saves time on both sides and speeds up the transaction right from the start.
We understand the importance of communication between solicitors and clients/their sales teams, which is why at Forbes Solicitors we ensure that regular updates are sent synchronising the legal position with that of the sales team or dedicated staff member . We offer a weekly update to our clients on a dedicated day, which includes a full list of all the Plots we are instructed on and with an update on each one.
Our team has extensive experience in dealing with different types of Plots Sales, from the standard sales, to the Government's Help to Buy, Affordable Housing and Shared Ownership Schemes and we ensure that our documentation is compatible with each one. We also have extensive knowledge of the requirements of the major new-build warranty providers including: NHBC, Building Regulation Control and Premier Guarantee.
We believe that it goes without saying that we strive to provide a high-quality service to our clients and to ensure that their specific requirements are met.
For more information contact Matthew Jones in our Commercial Property department via email or phone on 01254 222316. Alternatively send any question through to Forbes Solicitors via our online Contact Form.