PROTECTING BUYERS

We offer unique and specialist advice to property buyers, both residential and commercial.

What is the single most important factor that contributes to the value of a property? Its location. So why is it always ignored and never investigated?

A misunderstood fact is that your solicitor will only study what is inside a properties boundary yet it is often what is outside it that can impact it. To research a location is time consuming and very specialist. That’s what we do, and why we have protected and prevented serious financial mistakes for our clients.

Buying any property has risks to buyers, lenders and solicitors, and all are closely connected. Exposing unknown risks is essential for all parties concerned.

Melissa Porter – TV Property Presenter comments:

“I can’t see why any solicitor would not urge their client to invest in a DevAssist search”

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PROTECTING SOLICITORS

Are you and your clients at risk? A risk to your clients is a risk to you?

Did you know that 95% of your client base is concerned about development risks. 10% will be affected by it.

With solicitors PI being one of the most common contributory factors to solicitors going out of business, can you afford not to protect it? DevAssist have created the only reports of their type in the country. We investigate and audit a location so that buyers of property can purchase with peace of mind, or in the knowledge that change is coming. By understanding change it prevents any blame to the solicitor and increases service levels. Please also see our section on client care wording. Exposing unknown risks and obeying compliance rules is essential for all parties concerned.

Leading planning barrister and commentator, Martin Edwards, observes:

“Information is power. So why would any conveyancing solicitor not offer their client the opportunity to learn about what the future may hold in terms of any possible development threat or opportunity?”

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PROTECTING LENDERS

Development, change of use or views can have a huge impact on value. Understanding a location is critical.

Valuing makes many assumptions and is based on what a valuer sees. Just as a valuer cannot see an environmental or flood risk they will not see a development risk.

It could be land that is going to be used for an alternative and less neighbourly use or a dramatic reduction in view. We have identified numerous examples where a significant change to an area would impact the value of a property.

This is vital information for both the lender and the buyer. Alternatively a property could have hidden value that has not been identified. This could improve the value and lower the risk for the lender.

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