2023-03-06
The Legal process for Self-Build is different to the traditional Home Buying/Remortgaging journey and can often be complex. This is why we have a dedicated Conveyancing option to cater for your client’s Self-Build needs.
Our supplier, Birchall Blackburn have a team of experts in the Self-Build field and understand the process and the necessary documentation required. If you’d like to discuss any Self-Build cases before instructing, please contact Hanna Smith from Birchall Blackburn on 01772 552293.
What is the process?
This product follows the same process as other SortRefer products, with an easy-to-use form, taking only a matter of seconds to obtain a quotation.
To help determine the type of quotation required, the Self-Build product asks an initial question: “Does your client already own the land?”. Selecting “Yes” will result in applying for a Remortgage. “No” will result in applying for a new Purchase.
What Self-Build products do you have available?
Self-Build Remortgage
Suitable when your client already owns the land in question and needs to remortgage.
There is some additional information required for a Self-Build Remortgage (when compared to a traditional Remortgage):
· If a Transfer of Part/Title Split is required, we need to know how many people own the land being remortgaged and for a plan to be provided in due course. If a Transfer of Part is required (to reserve rights of way for access/services etc.) the ownership of one plot may need to change. Please add details in the free type box and the Solicitor will provide further details and information regarding additional fees.
· The estimated value of land.
· Any other Legal/Planning restrictions – for example: Ag-Ties/Section 106/Restrictive Covenants. These must be listed in the free type box and the Solicitor will provide details of additional fees for these.
Self-Build Purchase
Suitable for when your client doesn’t own the land in question.
There is some additional information required for a Self-Build Purchase (when compared to a traditional Purchase):
· Has any construction work on the property been started? If “No” is selected, the property is classed as Commercial rather than Residential for the purpose of giving an approximate SDLT figure. The SDLT rules are complex and the applicants should seek specialist tax advice. The amount of SDLT due will depend on the circumstances of each case.
· Please also provide details of whether planning permission has been granted, whether the purchase is to be conditional on planning permission being granted and/or any other additional complexities, such as overage provisions or a construction contract.
If the information provided within the quotation leads to additional work (for example when Legal/Planning restrictions exist, or where there are private drainage arrangements), the team at Birchall Blackburn will discuss with your client and advise on any additional fees requiring to be charged.
If you have any questions, please contact our Sales Support team:
T: 0333 456 4567
